0001299933-11-003305.txt : 20111110 0001299933-11-003305.hdr.sgml : 20111110 20111110143628 ACCESSION NUMBER: 0001299933-11-003305 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111108 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20111110 DATE AS OF CHANGE: 20111110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS COMPANIES INC CENTRAL INDEX KEY: 0000107263 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 730569878 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04174 FILM NUMBER: 111194780 BUSINESS ADDRESS: STREET 1: ONE WILLIAMS CTR CITY: TULSA STATE: OK ZIP: 74172 BUSINESS PHONE: 9185732000 MAIL ADDRESS: STREET 1: ONE WILLIAM CENTER CITY: TULSA STATE: OK ZIP: 74172 FORMER COMPANY: FORMER CONFORMED NAME: WILLIAMS BROTHERS COMPANIES DATE OF NAME CHANGE: 19710817 8-K 1 htm_43479.htm LIVE FILING The Williams Companies, Inc. (Form: 8-K)  

 

UNITED STATES
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

     
Date of Report (Date of Earliest Event Reported):   November 8, 2011

The Williams Companies, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 1-4174 73-0569878
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
One Williams Center, Tulsa, Oklahoma   74172
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   918-573-2000

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:

[  ]  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))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In February 2011, The Williams Companies, Inc. ("Williams") announced that its board of directors ("Board") approved pursuing a plan to divide its business into two separate, publicly traded corporations. This reorganization plan called for a separation of Williams’ exploration and production business through an initial public offering ("IPO") of up to 20 percent of Williams’ wholly owned subsidiary, WPX Energy, Inc. ("WPX"), and a subsequent tax-free spin-off of Williams’ remaining interest in WPX to Williams’ shareholders. On October 18, 2011, Williams announced that its Board approved pursuing a revised reorganization plan that calls for the complete separation of WPX via a tax-free spin-off of all of Williams’ ownership in WPX to Williams’ shareholders by year-end 2011. The approval of the revised reorganization plan does not preclude Williams from pursuing the original reorganization plan, including the IPO, if market conditions become favorable. Williams retains the discretion to determine whether and when to complete these transactions.

William R. Granberry and William G. Lowrie, who are members of Williams' Board, have been identified as prospective directors of WPX prior to the spin-off described above. By letters dated November 8, 2011, Messrs. Granberry and Lowrie notified Williams of their decision to resign as directors of Williams and the committees of the Board on which they serve, effective immediately preceding the spin-off of Williams’ interest in WPX to Williams’ shareholders. Messrs. Granberry and Lowrie will continue to serve as directors of Williams until such time. Mr. Granberry currently serves on the compensation and finance committees of Williams’ Board and Mr. Lowrie is the Chairman of the audit committee and serves on the nominating and governance committee. Messrs. Granberry and Lowrie did not tender their notices of resignation due to a disagreement with Williams.





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 hereunto duly authorized.

         
    The Williams Companies, Inc.
          
November 10, 2011   By:   Sarah C. Miller
       
        Name: Sarah C. Miller
        Title: Assistant Corporate Secretary