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

 

 

 

            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):

 

                

 

 

---

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

 

OGE Energy Corp. (the “Company”) is the parent company of Oklahoma Gas and Electric Company (“OG&E”), a regulated electric utility with approximately 762,000 customers in Oklahoma and western Arkansas, and Enogex Inc. and its subsidiaries, a natural gas pipeline business with principal operations in Oklahoma.

 

On November 28, 2007, the Company issued a press release announcing that its Board of Directors appointed two new directors, Kirk Humphreys and Leroy C. Richie, to serve on the Company’s and OG&E’s Board of Directors. Mr. Humphreys and Mr. Richie were elected to terms expiring at the Company’s Annual Meeting of Shareowners on May 22, 2008, at which time they are expected to be nominated for approval by the Company’s shareowners. Mr. Humphreys and Mr. Richie have not yet been named to any committees of the Board. For further information, see the attached press release which is furnished as Exhibit 99.01 and incorporated herein by reference.

 

Item 8.01 Other Events

 

On November 28, 2007, the Company issued a press release announcing that the Company’s Board of Directors has declared a first quarter 2008 dividend of $0.3475 per common share of stock, to be paid January 30, 2008, to shareowners of record on January 10, 2008. The dividend amount increased from the previous quarter, which, on an annual basis, would raise the dividend to $1.39 per share from $1.36 per share. For further information, see the attached press release which is furnished as Exhibit 99.01 and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits

 

 

---

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.

 

 

 

 

 

December 4, 2007

 

---

Exhibit 99.01

 

OGE Energy Corp. increases dividend, appoints new directors

Dividend increased from $1.36 to $1.39 per share; Humphreys, Richie named to Board

 

OKLAHOMA CITY -- OGE Energy Corp. (NYSE: OGE) announced today that its Board of Directors has approved an increase in the company’s annual dividend to $1.39 per share from $1.36 per share. The increase is effective with its first-quarter 2008 dividend of $0.3475 per common share of stock, to be paid Jan. 30, 2008, to shareowners of record Jan. 10, 2008.

 

“The dividend increase reflects our confidence in the company’s continued growth,” said Pete Delaney, chairman, president and CEO of OGE Energy. “As we continue our program of major infrastructure investments, we will continue to pursue our goal of increasing the dividend.”

 

OGE Energy also announced that Kirk Humphreys and Leroy C. Richie have been appointed to the company’s Board of Directors. Richie and Humphreys were elected to terms that will expire at the company’s annual shareowners meeting May 22, 2008, at which time they will be nominated for election by the company’s shareowners for three-year terms.

 

Since 1989, Humphreys, 57, has been active in the development and acquisition of commercial real estate in Oklahoma and surrounding states.

 

He was elected Mayor of Oklahoma City in 1998 and re-elected in 2002. Under his leadership, the city completed the historic MAPS Projects, a $360 million public investment, which has led to more than $2 billion of private investment in downtown Oklahoma City.

 

Humphreys serves as vice chairman for Aviation and Aerospace of the Greater Oklahoma City Chamber of Commerce and chairman of the Oklahoma District Council of the Urban Land Institute. He is a trustee of the Oklahoma City Airport Trust, the Oklahoma City Economic Development Trust and the Oklahoma Industries Authority. He serves on the boards of the Oklahoma State Fair, INTEGRIS Health, City Care and the Native American Cultural and Educational Authority.

 

Richie, 65, serves as of counsel to the Detroit-based law firm of Lewis & Munday, P.C., one of the oldest and largest law firms in the nation founded by minorities. He previously was chairman and CEO of Q Standards World Wide Inc. and Capitol Coating Technologies Inc., and President of Intrepid World Communications. Richie also has served as Vice President and General Counsel for Automotive Legal Affairs of Chrysler Corporation and as director of the New York office of the Federal Trade Commission.

 

Richie served on the Board of Directors of Kerr-McGee Corporation from 1998 to 2006, the last three years as chairman of the Audit Committee. He currently serves as a director of Digital Ally Inc., Infinity Energy Resources Inc., Tri-Continental Corp. and companies in the Seligman family of investment companies.

 

“Roy and Kirk bring a wealth of experience, knowledge and insight to the Board,” Delaney said. “We’re pleased that they have agreed to serve OGE shareholders as directors during this important period in the company’s history.”

 

---

OGE Energy is the parent company of OG&E Electric Services, a regulated electric utility, and of Enogex Inc., a midstream natural gas pipeline business.