Williams Companies, Inc. (the) · NYSE:WMB
Williams Companies, Inc. (the) — Reg A Offering (April 2020)
5 slides from Williams Companies, Inc. (the)'s offering presentation, Apr 15, 2020
Slide 1: April 2020 Supplemental Information Regarding Our Shareholder Rights Plan
April 2020 Supplemental Information Regarding Our Shareholder Rights Plan
Slide 2: Rationale and Purpose of Rights Plan
RATIONALE AND PURPOSE OF RIGHTS PLAN Our Board adopted a Rights Plan on March 19, 2020 after careful consideration. This action was taken: In light of unprecedented market conditions and severe market declines In the best long-term interest of our stockholders Rationale and purpose of adoption: To p
Slide 3: Board Process and Review
BOARD PROCESS AND REVIEW Our Board undertook a rigorous process and review, with the advice and assistance of outside legal counsel and financial advisor Our Board took into account extreme conditions occurring in the market Stock price fell 51% from beginning of month to March 18 in a move dislocat
Slide 4: Key Terms of Rights Plan
KEY TERMS OF RIGHTS PLAN Terms of the rights plan are tailored to the declining equity market conditions Does NOT preclude third parties from submitting offers Does require the bidder to negotiate with the Board 5% trigger threshold The Board considers the market dislocation to be a threat to long-t
Slide 5: Robust Corporate Governance Practices
ROBUST CORPORATE GOVERNANCE PRACTICES Our Board provides independent oversight Reviews the Company’s strategic plans, financial goals and capital spending Evaluates the CEO’s performance Oversees the Company’s financial performance and condition Oversees the Company’s risk management and internal co