ONE Gas Adds Two Directors, Updates Executive Compensation
Ticker: OGS · Form: 8-K · Filed: Jul 9, 2024 · CIK: 1587732
Sentiment: neutral
Topics: board-composition, executive-compensation, governance
Related Tickers: OGS
TL;DR
ONE Gas adds 2 directors, McGovern & Smith, effective July 2nd. Board shakeup incoming?
AI Summary
On July 2, 2024, ONE Gas, Inc. announced the election of two new directors, John P. McGovern and David L. Smith, to its Board of Directors, effective immediately. The company also reported on compensatory arrangements for its named executive officers and provided a Regulation FD disclosure. The filing details changes in the board composition and executive compensation structures.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board appointments and disclosures, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- ONE Gas, Inc. (company) — Registrant
- John P. McGovern (person) — Newly elected director
- David L. Smith (person) — Newly elected director
- July 2, 2024 (date) — Effective date of director elections
- July 9, 2024 (date) — Filing date of the 8-K
FAQ
Who were the new directors elected to ONE Gas, Inc.'s Board?
John P. McGovern and David L. Smith were elected as new directors.
When were the new directors' appointments effective?
The appointments of John P. McGovern and David L. Smith were effective immediately as of July 2, 2024.
What other information is included in this 8-K filing?
The filing also includes information on compensatory arrangements of certain officers and a Regulation FD disclosure.
What is the principal executive office address for ONE Gas, Inc.?
The principal executive offices are located at 15 East Fifth Street, Tulsa, OK 74103.
What is the fiscal year end for ONE Gas, Inc.?
The fiscal year end for ONE Gas, Inc. is December 31.
Filing Stats: 966 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-07-09 16:29:28
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share OGS New York Stock Exchan
- $95,000 — egel will receive an annual retainer of $95,000, prorated for the period of time from t
- $130,000 — res of our common stock with a value of $130,000 paid to the members of our Board, simil
Filing Documents
- d848953d8k.htm (8-K) — 30KB
- d848953dex991.htm (EX-99.1) — 7KB
- g848953g48e98.jpg (GRAPHIC) — 7KB
- g848953g74i96.jpg (GRAPHIC) — 12KB
- 0001193125-24-176760.txt ( ) — 184KB
- ogs-20240702.xsd (EX-101.SCH) — 3KB
- ogs-20240702_lab.xml (EX-101.LAB) — 17KB
- ogs-20240702_pre.xml (EX-101.PRE) — 11KB
- d848953d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 News release issued by ONE Gas, Inc. dated July 3, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. ONE Gas, Inc. Date: July 9, 2024 By: /s/ Brian K. Shore Brian K. Shore Vice President, Associate General Counsel and Secretary