UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) | September 3, 2014 | |
OGE ENERGY CORP. | ||
(Exact Name of Registrant as Specified in Its Charter) | ||
Oklahoma | ||
(State or Other Jurisdiction of Incorporation) | ||
1-12579 | 73-1481638 | |
(Commission File Number) | (IRS Employer Identification No.) | |
321 North Harvey, P.O. Box 321, Oklahoma City, Oklahoma | 73101-0321 | |
(Address of Principal Executive Offices) | (Zip Code) | |
405-553-3000 | ||
(Registrant's Telephone Number, Including Area Code) | ||
(Former Name or Former Address, if Changed Since Last Report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
* Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
* Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
* Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
* Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
OGE Energy Corp. (the "Company") is the parent company of Oklahoma Gas and Electric Company ("OG&E"), a regulated electric utility with approximately 810,000 customers in Oklahoma and western Arkansas. In addition, OGE holds a 26.3 percent limited partner interest and a 50 percent general partner interest in Enable Midstream Partners, LP. ("Enable Midstream").
On September 3, 2014, the Company issued a press release announcing that the Company's Board of Directors named Sean Trauschke as President, and Steve Merrill as Vice President and Chief Financial Officer.
Mr. Trauschke, 47, currently the Chief Financial Officer of both the Company and OG&E and the President of OG&E, will continue to serve as President of OG&E. Mr. Trauschke has served as Chief Financial Officer since April 2009 and as President of OG&E since July 2013.
Peter Delaney, current Chairman, CEO and President of the Company, will continue to serve as Chairman and CEO of the Company.
Mr. Merrill, 50, has served as Executive Vice President of Finance and Chief Administrative Officer of Enable GP, LLC, the general partner of Enable Midstream, and Chief Operating Officer of Enable Oklahoma Intrastate Transmission, LLC since December, 2013. Prior to December 2013, Mr. Merrill served as Chief Operating Officer of Enogex, LLC (formerly a subsidiary of the Company and now known as Enable Oklahoma Intrastate Transmission, LLC) since December, 2011. From 2009 to 2011, Mr. Merrill was the Vice President-Human Resources of the Company and OG&E.
Mr. Merrill’s initial base salary will be at the annual rate of $400,000. Mr. Merrill will also receive a target short-term incentive award of at least $245,000 and a target long-term incentive of at least $437,500, the terms of which are expected to be comparable to awards of other executive officers of the Company.
For further information, see the attached press release which is furnished as Exhibit 99.01 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits | ||
Exhibit Number | Description | |
99.01 | Press release dated September 3, 2014, announcing Sean Trauschke named President and Steve Merrill named Vice President and Chief Financial Officer | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
OGE ENERGY CORP. | |
(Registrant) | |
By: | /s/ Scott Forbes |
Scott Forbes | |
Controller and Chief Accounting Officer | |
September 3, 2014
Exhibit 99.01
OGE Energy Corp. names Trauschke President, Merrill CFO
OKLAHOMA City -- Pete Delaney, current Chairman, CEO and President of OGE Energy Corp. (NYSE: OGE), today announced the promotion of Sean Trauschke to President. Trauschke is currently the President of the subsidiary Oklahoma Gas and Electric Company as well as Chief Financial Officer of OGE Energy. Delaney will retain the titles of Chairman of the Board and Chief Executive Officer.
In addition Steve Merrill has been named Chief Financial Officer of both entities. Merrill has previously served in various senior roles at OGE Energy as well as Chief Financial Officer and Chief Operating Officer of Enogex, one of the predecessor companies to Enable Midstream Partners, LLC.
“Sean’s promotion is another step in our succession planning, said Delaney. “Sean has proved to be an excellent leader and has earned the opportunity to serve as the corporation’s president. Steve is another proven leader who, as CFO, will be a key member of the executive team.
With a broad range of experience in the electric utility industry Trauschke joined OGE Energy Corp. in 2009 as Chief Financial Officer. He was named president of OG&E, the utility, in 2013.
Merrill joined Enogex, a gas transportation company formerly a subsidiary of OGE Energy, in 2007. He transferred to OG&E as Vice President of Human Resources in 2009 and then returned to Enogex as CFO in 2012. Merrill played an important role in the transition of Enogex and CenterPoint midstream assets into the formation of Enable Midstream Partners, in which OGE Energy is a 50 percent partner.
“Sean and I wanted to ensure a solid IPO and integration at Enable prior to Steve coming on board. I know Sean is as pleased as I am that Steve is joining our team,” said Delaney. “Steve has a record of accomplishment within the company, has valuable experience from the unregulated side of the business and is respected throughout our company.”
OGE Energy Corp. is headquartered in Oklahoma City and is the parent company of Oklahoma Gas and Electric Company (OG&E), a regulated electric utility serving over 810,000 customers in Oklahoma and western Arkansas. In addition, OGE holds 26.3 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners, LP.