WILLIAMS COMPANIES, INC. false 0000107263 0000107263 2021-02-26 2021-02-26





Washington, D.C. 20549







Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 26, 2021



The Williams Companies, Inc.

(Exact name of registrant as specified in its charter)




Delaware   1-4174   73-0569878

(State or other jurisdiction

of incorporation)



File Number)


(IRS Employer

Identification No.)


One Williams Center

Tulsa, Oklahoma

(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (918) 573-2000


(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))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class





Name of each exchange

on which registered

Common Stock, $1.00 par value   WMB   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 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 1.02.

Termination of a Material Definitive Agreement.

Item 3.03 below is incorporated herein by reference.


Item 3.03.

Material Modifications to Rights of Security Holders.

On March 19, 2020, the Board of Directors of The Williams Companies, Inc. (the “Company”) declared a dividend of one preferred stock purchase right (a “Right”) for each outstanding share of common stock, par value $1.00 per share (the “Common Stock”), of the Company. The description and terms of the Rights were set forth in a limited duration Rights Agreement (the “Rights Agreement”) between the Company and Computershare Trust Company, N.A., as Rights Agent.

On February 26, 2021, the Delaware Court of Chancery issued a decision regarding the Rights Agreement. The decision declared the Rights Agreement unenforceable and permanently enjoined the continued operation of the Rights Agreement. As a result, the Rights are no longer outstanding and no longer trade with the Company’s Common Stock.


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.



/s/ Robert E. Riley, Jr.

Name:   Robert E. Riley, Jr.
Title:   Corporate Secretary

Dated: March 3, 2021

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