ONEOK INC /NEW/
8-K, 1998-05-26
NATURAL GAS TRANSMISISON & DISTRIBUTION
Previous: GLENBOROUGH PROPERTIES L P, S-4, 1998-05-26
Next: MARCAM SOLUTIONS INC, S-8, 1998-05-26



<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934


                                  May 13, 1998
                Date of Report (Date of earliest event reported)


                                  ONEOK, Inc.
             (Exact name of registrant as specified in its charter)


         Oklahoma                   1-2572                73-1520922
(State or other jurisdiction      (Commission           (IRS Employer
     of incorporation)            File Number)        Identification No.)


                        100 West Fifth Street, Tulsa, OK
                    (Address of principal executive offices)


                                     74103
                                   (Zip code)


                                 (918) 588-7000
              (Registrant's telephone number, including area code)


                                 Not Applicable
         (Former name or former address, if changed since last report)




                                       1
<PAGE>   2
<TABLE>
<S>            <C>
Items 1 - 4.   Not Applicable.

Item 5.        Other Events.

               ONEOK, Inc. (the Company) announced the illness of its chairman
and chief executive officer, Larry Brummett, 47.
               On May 13, 1998, the Company issued a press release, a copy of
which is attached hereto as exhibit 1.a and incorporated herein by reference.

Item 6.        Not Applicable

Item 7.        Financial Statements, Pro Forma Financial Information and 
Exhibits.

Exhibit
No.            Description
- -------        -----------

1.a            Press release issued by ONEOK, Inc. dated May 13, 1998.

Items 8 - 9.   Not Applicable
</TABLE>









                                       2
<PAGE>   3
                                   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 hereunto duly authorized, on this 26th of May, 1998.


                                                 ONEOK Inc.

                                            By:  /s/ JERRY D. NEAL
                                                 -------------------------------
                                                     JERRY D. NEAL
                                                 Vice President, Chief 
                                                 Financial Officer, and 
                                                 Treasurer






                                       3
<PAGE>   4
                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
                                                                 Sequentially
Exhibit                                                            Numbered
Number                        Exhibit                                Page
- ------                        -------                            ------------
<S>            <C>                                               <C>
 99.1.A        Press Release issued by Oneok, Inc. dated 
               May 13, 1998.
</TABLE>


<PAGE>   1
                                                                EXHIBIT 99.1.a

===============================================================================
ONEOK FINANCIAL NEWS
===============================================================================

ONEOK, Inc.                             Contact:  Weldon Watson, 918-588-7158
P.O. Box 871
Tulsa, OK  74102-0871                      For Immediate Release May 13, 1998


                         ONEOK CHAIRMAN SUFFERS ILLNESS

     TULSA, Oklahoma -- Larry Brummett, chairman and chief executive officer of
ONEOK, Inc., underwent surgery on Sunday, May 10, resulting in a diagnosis of
cancer in the small intestine. A program of treatment will be initiated shortly
after his discharge from the hospital.

     Brummett, who is 47 years old, will continue his duties and
responsibilities as chairman and chief executive officer of the company. "I
recognize there will be some absences during the treatment program that will be
planned for me. But I am confident we will continue the strategic direction and
pace we have set for the company because of the able leadership team that is in
place."

     Brummett, who has been chairman of ONEOK since 1994, said the day-to-day
operations of the company will continue under the direction and leadership of
David Kyle, president of ONEOK. "David and I have always had a team
relationship that will be especially helpful during this period. I have the
greatest confidence in him and his ability," Brummett said.

     Kyle, 45 years old, has been an employee of the company for 24 years. He
has been a director of ONEOK since 1995 and became president of ONEOK last year.

     Brummett added, "The officer group in place, which both David and I have
developed over the last four years, will be very supportive during my illness.
Although my illness is primarily a personal and private matter, I believe it is
important to inform shareholders, employees and customers at this time."

     ONEOK, Inc. (NYSE: OKE), is engaged in intrastate natural gas distribution
and transmission, gas processing, gas marketing and oil and gas production.
ONEOK has approximately 31 million shares of common stock outstanding.

                                     # # #

Information is available on the Internet World Wide Web at http://www.oneok.com


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission