Panhandle Oil and Gas Inc., Oklahoma City, Okla., hired Principal Financial Group as record keeper for its employee stock ownership and 401(k) plan, the company disclosed in an 8-K filing with the Securities and Exchange Commission on Monday.
A blackout period for participants will begin on April 25 and is expected to end the week of May 20. A reason for the change was not provided.
As of Sept. 30, 2016, the Panhandle Oil and Gas Employee Stock Ownership and 401(k) Plan had $10.4 million in assets, according to the company's most recent Form 5500 filing.
The identity of the previous record keeper was not available. Lonnie J. Lowry, corporate secretary at Panhandle Oil and Gas, did not return a phone call seeking further information.