SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d)
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|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.
|THE WILLIAMS COMPANIES, INC.|
|Name:||Robert E. Riley, Jr.|
Dated: March 3, 2021