SEC Filing Summary: Form 8-K
Business Context and Reporting Period
This Form 8-K was filed on August 18, 2008, by The Laclede Group, Inc. and its subsidiary, Laclede Gas Company. The filing reports a temporary suspension of trading under the registrants' employee benefit plans due to a change in service providers.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is administrative in nature and does not contain financial performance data.
Material Changes
Laclede Gas Company is changing the service provider for its Salary Deferral Savings Plan, Wage Deferral Savings Plan, and Missouri Natural Division Wage Deferral Savings Plan from Wachovia Bank, N.A. to Fidelity Investments, effective October 1, 2008. This change necessitates a conversion period for account and plan records.
Guidance, Outlook, and Risks
Blackout Period: A temporary suspension of trading (Blackout Period) is scheduled to begin at 4:00 p.m. Eastern Time on September 18, 2008, and is expected to end during the week of October 12, 2008, through October 18, 2008.
- During this period, participants will be unable to direct or diversify investments in their accounts, including The Laclede Group ESOP.
- Participants will be unable to obtain loans or distributions from the Plans.
- Transactions by directors and executive officers in The Laclede Group, Inc. securities are restricted during this period under Regulation BTR.
Management Commentary: The company notified participants and directors of the blackout period to ensure compliance with the Employment Retirement Income Security Act of 1974.
Key Facts for Investor Verification
- Service provider transition from Wachovia Bank to Fidelity Investments.
- Blackout period dates: September 18, 2008, to approximately October 18, 2008.
- Restrictions apply to employee investment directions, loans, distributions, and insider trading by directors and officers.
- Contact for specific information: Kathy Burcham, Director – Employee Benefits, Laclede Gas Company.