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 December 3, 2001 (Date of earliest event reported) ONEOK, Inc. (Exact name of registrant as specified in its charter) Oklahoma 1-2572 73-1520922 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 100 West Fifth Street; Tulsa, OK (Address of principal executive offices) 74103 (Zip code) (918) 588-7000 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Item 7. Financial Statements, Pro Forma Financial Information and ------- --------------------------------------------------------- Exhibits. --------- (c) Exhibits 99.a Press Release issued by ONEOK, Inc. dated November 30, 2001 Item 9. Other Events. ------ ------------- On November 30, 2001, ONEOK, Inc. announced that its net exposure to Enron based on New York Mercantile Exchange (NYMEX) futures prices at the close of business on Thursday, November 29, 2001, is less than $40 million pre-tax. ONEOK continues to pursue ways to mitigate this exposure, however, should Enron fail to perform its obligations, ONEOK's current net delivered physical commodity exposure is estimated to be less than four million dollars. The financial exposure due primarily to storage management and natural gas production are approximately $36 million. If Enron performs its current obligations, the total exposure would drop to less than two million dollars pre-tax after January 4, 2002. There are no amounts past due from Enron at this time. 2 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 hereunto duly authorized, on this 3rd day of December 2001. ONEOK, Inc. By:/s/ Jim Kneale --------------------------------- Jim Kneale Senior Vice President, Treasurer and Chief Financial Officer (Principal Financial Officer) 3