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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
November 14, 1997
Date of Report (Date of earliest event reported)
ONEOK Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-2572 73-0383100
(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)
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Items 1 - 4. Not Applicable.
Item 5. Other Events.
ONEOK Inc. (The Company) announced shareholder approval of the
Company's proposed strategic alliance with Western Resources, Inc. The results
of the vote were announced at a special meeting of stockholders at ONEOK's
corporate headquarters in Tulsa on September 25, 1997.
On September 25, 1997 the Company issued a press release, a
copy of which is attached hereto as exhibit 2.a and incorporated herein by
reference.
Items 6. Not Applicable
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
Exhibit
No. Description
2.a Press release issued by ONEOK Inc. dated September 25, 1997.
Item 8. Not Applicable
2
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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 14th of November, 1997.
ONEOK Inc.
By: Jerry D. Neal
-------------------------------
Vice President, Chief Financial
Officer, and Treasurer
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
No. Description
- ------- -----------
<S> <C>
2.a Press release issued by ONEOK Inc. dated September 25, 1997.
</TABLE>
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Exhibit 2.a
[ONEOK INC. LETTERHEAD]
For Immediate Release September 25, 1997
ONEOK SHAREHOLDERS APPROVE WESTERN ALLIANCE
TULSA, OK -- Shareholders of Tulsa-based ONEOK Inc. (NYSE: OKE) have
approved the company's proposed strategic alliance with Western Resources, Inc.,
of Topeka, Kansas (NYSE: WR), in which ONEOK will acquire and operate Western
Resources' natural gas assets in Oklahoma and Kansas. Western Resources, in turn
, will become ONEOK's largest equity holder through a combination of common and
convertible preferred stock.
The results of the vote were announced today at a special meeting of
shareholders at ONEOK's corporate headquarters in Tulsa. "We're gratified that
shareholders have expressed their confidence in the future of a new, expanded
ONEOK," said Larry Brummett, chairman, president and CEO. "We look forward to
obtaining the remaining regulatory approvals and then welcoming and serving our
new customers in Oklahoma and Kansas."
Earlier this month, the Oklahoma Corporation Commission gave its
unanimous approval to the plan, based on the recommendation of the Commission's
staff, the Oklahoma Attorney General's office and several of ONEOK's major
customers. The transaction is also subject to approval by the Kansas Corporation
Commission, where hearings on the matter are scheduled to begin on October 6.
Routine approvals are also expected from various federal agencies in the near
future.
When complete, the alliance will increase ONEOK's customer base from
its current 730,000 to 1.4 million.
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