STOCK TITAN

OGE Energy Corp. (NYSE: OGE) taps ex-Devon CEO Rick Muncrief for its board

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

OGE Energy Corp., parent of Oklahoma Gas and Electric Company, a regulated electric company with approximately 917,000 customers in Oklahoma and western Arkansas, has elected Richard (Rick) E. Muncrief to its Board of Directors. The board acted on July 28, 2026, with his service effective August 1, 2026.

Muncrief, age 68, will serve on the Nominating, Corporate Governance and Stewardship Committee and the Audit Committee. His term runs until the Annual Meeting of Shareholders scheduled for May 13, 2027, when he is expected to be nominated for shareholder approval. He is the retired President and Chief Executive Officer of Devon Energy and previously led WPX Energy and held senior roles at Continental Resources, and he currently serves on the board of Williams Companies.

Positive

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Negative

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Filing Explained

The filing adds that Richard E. Muncrief will receive board compensation consistent with OGE Energy’s other non-employee directors, creating a compensation obligation tied to his board service.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Customer base approximately 917,000 customers Oklahoma Gas and Electric Company customers in Oklahoma and western Arkansas
Director effective date August 1, 2026 Effective date of Richard E. Muncrief’s service on OGE Energy’s board
Director term expiration May 13, 2027 Scheduled date of the Annual Meeting of Shareholders when his term will expire
Director age 68 years Age of Richard E. Muncrief at the time of his election to the board
regulated electric company technical
"a regulated electric company with approximately 917,000 customers"
Nominating, Corporate Governance and Stewardship Committee regulatory
"will serve on the Nominating, Corporate Governance and Stewardship Committee"
Audit Committee financial
"Mr. Muncrief will serve on the Nominating, Corporate Governance and Stewardship Committee and the Audit Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Annual Meeting of Shareholders regulatory
"at OGE Energy's Annual Meeting of Shareholders scheduled for May 13, 2027"
A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What board change did OGE (OGE) report on July 28, 2026?

OGE Energy Corp. appointed Richard (Rick) E. Muncrief to its board, effective August 1, 2026. His initial term lasts until the Annual Meeting of Shareholders on May 13, 2027, when he is expected to be nominated for approval by OGE investors.

What committees will Rick Muncrief serve on at OGE (OGE)?

Rick Muncrief will serve on OGE Energy’s Nominating, Corporate Governance and Stewardship Committee and its Audit Committee. These assignments place him directly in the company’s governance, stewardship, and financial oversight processes as a non-employee director.

How will Rick Muncrief be compensated as an OGE (OGE) director?

Rick Muncrief will receive compensation consistent with OGE Energy’s other non-employee directors. The company states that this compensation program is described in Exhibit 10.10 to OGE Energy’s 2025 Form 10-K, which outlines fees and equity components for board service.

What is Rick Muncrief’s background relevant to his OGE (OGE) board role?

Rick Muncrief is the retired President and CEO of Devon Energy, one of the largest U.S. energy producers. He previously served as CEO and Chairman of WPX Energy, held senior roles at Continental Resources, and currently sits on the Williams Companies board, chairing its governance and sustainability committee.

What business does OGE (OGE) operate according to this disclosure?

OGE Energy Corp. is the parent of Oklahoma Gas and Electric Company, described as a regulated electric company. It serves approximately 917,000 customers in Oklahoma and western Arkansas, providing electric utility service under state and regional regulatory oversight.
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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)

July 28, 2026

 

 

 

 

(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") is the parent company of Oklahoma Gas and Electric Company, a regulated electric company with approximately 917,000 customers in Oklahoma and western Arkansas.

 

On July 28, 2026, OGE Energy's Board of Directors elected a new director, Richard (Rick) E. Muncrief, effective August 1, 2026. Mr. Muncrief’s term will expire at OGE Energy's Annual Meeting of Shareholders scheduled for May 13, 2027, at which time he is expected to be nominated for approval by OGE Energy's shareholders. Mr. Muncrief will serve on the Nominating, Corporate Governance and Stewardship Committee and the Audit Committee. Mr. Muncrief will receive compensation for his Board service that is consistent with compensation received by OGE Energy's other non-employee directors (which is described in Exhibit 10.10 to OGE Energy’s 2025 Form 10-K).

 

Mr. Muncrief, 68, is the retired President and Chief Executive Officer of Devon Energy, one of the largest energy producers in the U.S. He served as President, CEO and director of Devon following the merger of Devon and WPX Energy until he retired in March 2025. Prior to that, he served as CEO and Chairman of the Board of WPX Energy. Prior to joining WPX Energy in 2014, Mr. Muncrief served as senior vice president, operations and resource development of Continental Resources, Inc. Mr. Muncrief currently serves on the board of directors of Williams Companies, chairing the governance and sustainability committee and a member of the compensation and management development committee. He also serves on several community and charitable boards and associations.

 

 

 

 


 

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 3, 2026

 


Filing Exhibits & Attachments

1 document