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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: May 17, 1996
Commission file number 1-1097
OKLAHOMA GAS AND ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
Oklahoma 73-0382390
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
101 North Robinson
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)
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Item 5. Other Events
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On May 16, 1996, the Company issued the following news release:
OG&E HOLDS ANNUAL SHAREOWNERS MEETING; BOARD DECLARES
DIVIDEND, ANNOUNCES LEADERSHIP CHANGE
The Oklahoma Gas and Electric Company Board of Directors met early
today in Oklahoma City and declared a quarterly dividend of $0.665 per common
share of stock for shareowners of record July 10, 1996. The dividend level
remained unchanged from the previous quarter.
The board also declared quarterly dividends for the listed four percent
preferred stock and the five unlisted preferred series stocks. As with the
common stock, the declared quarterly dividends for the preferred stocks are the
same as they were in the last quarter.
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<CAPTION>
QUARTERLY
CLASS OF STOCK DIVIDEND PER RECORD PAYMENT
SHARE DATE DATE
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<S> <C> <C> <C>
4 % Preferred $0.20 6-28-96 7-15-96
CUMULATIVE PREFERRED
4.20% Series $1.05 6-28-96 7-19-96
4.24% Series $1.06 6-28-96 7-19-96
4.44% Series $1.11 6-28-96 7-19-96
4.80% Series $1.20 6-28-96 7-19-96
5.34% Series $1.335 6-28-96 7-19-96
COMMON $0.665 7-10-96 7-30-96
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The board also named OG&E President and Chief Operating Officer Steve
Moore, 50, the company's new Chief Executive Officer. Moore, a 22 year veteran
of the company, will continue to serve as president and as a member of the
board. Moore succeeds James G. Harlow Jr., 61 who stepped down as a result of
health problems. Harlow will continue as chairman of the board.
"I have complete confidence in Steve Moore and the entire OG&E management
team," said Harlow. "They are well prepared to build upon the strong position
OG&E already enjoys."
Later in the morning at the annual shareowners meeting, also held in
Oklahoma City, three members of the board of directors were re-elected. They
include; Herbert H. Champlin, President of Champlin Exploration and Enid Data
Systems; Martha W. Griffin, owner of Martha Griffin White Enterprises; and
Ronald H. White, M.D., a cardiologist and President of Cardiology, Inc.
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SIGNATURES
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.
OKLAHOMA GAS AND ELECTRIC COMPANY
(Registrant)
By /s/ D. L. Young
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D. L. Young
Controller
(On behalf of the registrant and in
his capacity as Chief Accounting Officer)
May 17, 1996
