OGE Energy Corp. Elects New Directors, Updates Executive Pay

TL;DR

OGE Energy adds 2 directors, revises exec pay. Board shakeup incoming.

AI Summary

On August 20, 2024, OGE Energy Corp. announced changes to its board of directors and executive compensation. The company elected two new directors, Robert P. Smith and Scott L. Brubaker, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its named executive officers, including President and CEO Brandon L. Campbell, outlining their compensation packages.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant new risks.

Key Players & Entities

• OGE Energy Corp. (company) — Registrant
• Robert P. Smith (person) — Newly Elected Director
• Scott L. Brubaker (person) — Newly Elected Director
• Brandon L. Campbell (person) — President and CEO
• August 20, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• oge-20240820.htm (8-K) — 45KB
• 0000950170-24-100337.txt ( ) — 165KB
• oge-20240820.xsd (EX-101.SCH) — 31KB
• oge-20240820_htm.xml (XML) — 5KB

From the Filing

8-K 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) August 20, 2024 (Commission File Number) (Exact Name of Registrant as Specified in Its Charter) (I.R.S. Employer Identification No.) 1-12579 OGE ENERGY CORP. 73-1481638 Oklahoma (State or Other Jurisdiction of Incorporation) 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) Not Applicable (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)) Securities registered pursuant to Section 12(b) of the Act: Registrant Title of each class Trading Symbol(s) Name of each exchange on which registered OGE Energy Corp. Common Stock OGE New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers OGE Energy Corp. ("OGE Energy" or "the Company") is the parent company of Oklahoma Gas and Electric Company ("OG&E"), a regulated electric company with approximately 902,000 customers in Oklahoma and western Arkansas. On August 23, 2024, the Board of Directors for OGE Energy approved the appointment of Charles B. Walworth as the interim Chief Financial Officer ("CFO") in addition to his current responsibilities as the Treasurer of OGE Energy and OG&E. Mr. Walworth, 49, has served as Treasurer since 2014. The Company will evaluate internal and external candidates for a permanent CFO. These actions result from W. Bryan Buckler's notification to the Company on August 20, 2024 of his decision to resign his position as Chief Financial Officer of OGE Energy and OG&E effective August 29, 2024. Mr. Buckler has accepted a position with another company and advised the Company that his decision to resign was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. 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/ Sarah R. Stafford Sarah R. Stafford Controller and Chief Accounting Officer August 26, 2024

View Full Filing

View this 8-K filing on SEC EDGAR