OGE Energy Corp. Elects Former Devon CEO Richard Muncrief to Board

What Happened
OGE Energy Corp. (OGE) filed a Form 8‑K (Item 5.02) reporting that its Board of Directors elected Richard (Rick) E. Muncrief as a director effective August 1, 2026. Mr. Muncrief’s term runs through OGE Energy’s Annual Meeting of Shareholders scheduled for May 13, 2027, at which time he is expected to be nominated for shareholder approval. He will serve on the Nominating, Corporate Governance and Stewardship Committee and the Audit Committee.

Key Details

• Election effective date: August 1, 2026.
• Term expiration / shareholder vote: Annual Meeting on May 13, 2027.
• Committee assignments: Nominating, Corporate Governance and Stewardship Committee; Audit Committee.
• Background & compensation: Mr. Muncrief (age 68) is the retired President & CEO of Devon Energy (retired March 2025); previously CEO/Chair of WPX Energy and senior VP at Continental Resources. He currently serves on the board of Williams Companies. He will receive the same board compensation as OGE’s other non‑employee directors (per Exhibit 10.10 of OGE’s 2025 Form 10‑K).

Why It Matters
The addition brings senior energy‑industry and public company governance experience to OGE’s board, including audit and sustainability/governance oversight through his committee roles. For investors, this is a board-level governance change (not an executive management change) and Mr. Muncrief’s continued service is subject to shareholder approval at the May 2027 meeting. The filing does not disclose any special or new compensation beyond OGE’s standard non‑employee director pay.