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): December 2, 2002
----------------
The Williams Companies, Inc.
----------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-4174 73-0569878
-------- ------------ --------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
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)
Item 9. Regulation FD Disclosure.
The Williams Companies, Inc. wishes to disclose for Regulation FD
purposes its press release dated December 2, 2002, filed herewith as Exhibit 99.
Pursuant to the requirements of the Securities Exchange Act of 1934,
Williams has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE WILLIAMS COMPANIES, INC.
Date: December 5, 2002 /s/ Brian K. Shore
---------------------------------
Name: Brian K. Shore
Title: Corporate Secretary
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
99 Copy of Williams' press release dated December 3, 2002.
EXHIBIT 99
[WILLIAMS LOGO]
NEW RELEASE
NYSE: WMB Leading Engergy SOLUTIONS(TM)
================================================================================
DATE: Dec. 2, 2002
CONTACT: Kelly Swan Travis Campbell Richard George
Williams (media relations) Williams (investor relations) Williams (investor relations)
(918) 573-6932 (918) 573-2944 (918) 573-3679
kelly.swan@williams.com TRAVIS.CAMPBELL@WILLIAMS.COM RICHARD.GEORGE@WILLIAMS.COM
WILLIAMS RECEIVES $180 MILLION FROM LEUCADIA
TULSA, Okla. - Williams (NYSE:WMB) announced today that it has received
the $180 million cash payment from Leucadia National Corporation (NYSE:LUK) for
Williams' largest claims related to the Chapter 11 bankruptcy of its former
telecommunications subsidiary.
Leucadia originally purchased the claims from Williams in an agreement
that was reached in July. The cash had been held in escrow until all the
conditions of the agreement had been satisfied.
Steve Malcolm, chairman, president and chief executive officer, said,
"Williams is an energy-only company. We're putting our business focus around the
task of finding, producing, gathering, processing and transporting natural gas.
All of these businesses are making money and recognized significant increases in
our third-quarter earnings."
About Williams (NYSE: WMB)
Williams moves, manages and markets a variety of energy products, including
natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa,
Okla., Williams' operations span the energy value chain from wellhead to burner
tip. Company information is available at www.williams.com.
###
Portions of this document may constitute "forward-looking statements" as defined
by federal law. Although the company believes any such statements are based on
reasonable assumptions, there is no assurance that actual outcomes will not be
materially different. Any such statements are made in reliance on the "safe
harbor" protections provided under the Private Securities Reform Act of 1995.
Additional information about issues that could lead to material changes in
performance is contained in the company's annual reports filed with the
Securities and Exchange Commission.
