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
May 23, 2001
(Date of earliest event reported)
ONEOK, Inc.
(Exact name of registrant as specified in its charter)
Oklahoma 1-2572 73-1520922
(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)
Item 5. Other Events.
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On May 15, 2001, the Company issued a press release announcing a
revision in its computation of earnings per share for common stock (EPS)
to conform to a recent announcement of the Financial Accounting
Standards Board Staff codified in Emerging Issues Task Force Topic D-95
(Topic D-95). The interpretation of Statement of Financial Accounting
Standards No. 128 "Earnings per Share" (SFAS No. 128) requires a
revision to the method of earnings per share computation for convertible
and participating securities such as ONEOK's Series A Convertible
Preferred Stock.
EPS included in the Company's Form 10-Q for the three months ended March
31, 2001 and 2000, filed with the Securities and Exchange Commission
(SEC) on May 15, 2001, were calculated in accordance with Topic D-95.
Reference should be made to our March 31, 2001 Form 10-Q for additional
information on the specific changes to our EPS computations to comply
with Topic D-95. The 2000 Annual Report on Form 10-K (Form 10-K), filed
with the SEC on March 26, 2001, is not required to be amended for the
application of Topic D-95. Topic D-95 is an interpretation of SFAS No.
128 that is applied upon the issuance of Topic D-95, and only requires
EPS computations and disclosures for prior periods to be amended for the
interpretation included in Topic D-95 as these periods are presented as
comparative periods in future filings.
On May 17, 2001, the Company's shareholders approved a two-for-one split
of the Company's common stock to be effected by the Company issuing one
additional share of common stock for each outstanding share of common
stock to holders of record on May 23, 2001, with distribution of the
split shares on June 11, 2001. This Form 8-K presents in the summary
table at Exhibit 99.a.1 the previously reported EPS, EPS to conform with
Topic D-95, and EPS giving retroactive effect to the two-for-one stock
split and the application of Topic D-95 for the periods included in the
Form 10-K and other selected periods. Exhibits 99.a.2 through 99.a.16
include the revised calculation and disclosures of EPS to conform with
Topic D-95 and give retroactive effect to the May 2001 two-for-one stock
split. These amended EPS computations and disclosures will be included
in applicable future filings as these prior periods are required to be
presented.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits
99.a.1 Summary of Revisions to Computation of Earnings per
Share
99.a.2 Revised Earnings per Share Computation - Year Ended
December 31, 2000
99.a.3 Revised Earnings per Share Computation - Year Ended
August 31, 1999
99.a.4 Revised Earnings per Share Computation - Year Ended
August 31, 1998
99.a.5 Revised Earnings per Share Computation - Year Ended
August 31, 1997
99.a.6 Revised Earnings per Share Computation - Year Ended
August 31, 1996
99.a.7 Revised Earnings per Share Computation - Four Months
Ended December 31, 1999
99.a.8 Revised Earnings per Share Computation - Four Months
Ended December 31, 1998
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99.a.9 Revised Earnings per Share Computation - Three Months
Ended March 31, 2000
99.a.10 Revised Earnings per Share Computation - Three and Six
Months Ended June 30, 2000
99.a.11 Revised Earnings per Share Computation - Three and Nine
Months Ended September 30, 2000
99.a.12 Revised Earnings per Share Computation - Three Months
Ended December 31, 2000
99.a.13 Revised Earnings per Share Computation - Three Months
Ended March 31, 1999
99.a.14 Revised Earnings per Share Computation - Three and Six
Months Ended June 30, 1999
99.a.15 Revised Earnings per Share Computation - Three and Nine
Months Ended September 30, 1999
99.a.16 Revised Earnings per Share Computation - Three Months
Ended December 31, 1999
Exhibits 99.a.2 through 99.a.16 include the revised calculation and disclosures
of EPS to conform with Topic D-95 and give retroactive effect to the May 2001
two-for-one stock split.
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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 23rd day of May 2001.
ONEOK, Inc.
By: /s/ Jim Kneale
------------------------------------
Jim Kneale
Senior Vice President, Treasurer
and Chief Financial Officer
(Principal Financial Officer)
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EXHIBIT INDEX
Exhibit Number Description
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99.a.1 Summary of Revisions to Computation of Earnings per Share
99.a.2 Revised Earnings per Share Computation - Year Ended December 31, 2000
99.a.3 Revised Earnings per Share Computation - Year Ended August 31, 1999
99.a.4 Revised Earnings per Share Computation - Year Ended August 31, 1998
99.a.5 Revised Earnings per Share Computation - Year Ended August 31, 1997
99.a.6 Revised Earnings per Share Computation - Year Ended August 31, 1996
99.a.7 Revised Earnings per Share Computation - Four Months Ended December 31, 1999
99.a.8 Revised Earnings per Share Computation - Four Months Ended December 31, 1998
99.a.9 Revised Earnings per Share Computation - Three Months Ended March 31,2000
99.a.10 Revised Earnings per Share Computation - Three and Six Months Ended June 30, 2000
99.a.11 Revised Earnings per Share Computation - Three and Nine Months Ended September 30, 2000
99.a.12 Revised Earnings per Share Computation - Three Months Ended December 31, 2000
99.a.13 Revised Earnings per Share Computation - Three Months Ended March 31, 1999
99.a.14 Revised Earnings per Share Computation - Three and Six Months Ended June 30, 1999
99.a.15 Revised Earnings per Share Computation - Three and Nine Months Ended September 30, 1999
99.a.16 Revised Earnings per Share Computation - Three Months Ended December 31, 1999
Exhibits 99.a.2 through 99.a.16 include the revised calculation and disclosures
of EPS to conform with Topic D-95 and give retroactive effect to the May 2001
two-for-one stock split.
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