Owens & Minor Appoints New CFO
Ticker: ACH · Form: 8-K · Filed: Mar 1, 2024 · CIK: 75252
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
New CFO Brenda Johnson starts March 4th with $500K salary + $1M stock award.
AI Summary
Owens & Minor, Inc. announced on February 28, 2024, the appointment of Ms. Brenda J. Johnson as the new Executive Vice President and Chief Financial Officer, effective March 4, 2024. Ms. Johnson will receive an annual base salary of $500,000 and will be eligible for a discretionary annual bonus. She will also receive a restricted stock award valued at $1,000,000, vesting over three years.
Why It Matters
The appointment of a new Chief Financial Officer is a significant leadership change that can impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $500,000 — CFO Annual Salary (Brenda Johnson's base compensation.)
- $1,000,000 — CFO Stock Award (Initial equity grant to the new CFO.)
Key Players & Entities
- Owens & Minor, Inc. (company) — Registrant
- Brenda J. Johnson (person) — Newly appointed Executive Vice President and Chief Financial Officer
- $500,000 (dollar_amount) — Annual base salary for new CFO
- $1,000,000 (dollar_amount) — Value of restricted stock award for new CFO
- March 4, 2024 (date) — Effective date of new CFO's appointment
- February 28, 2024 (date) — Date of the report
FAQ
Who has been appointed as the new Executive Vice President and Chief Financial Officer of Owens & Minor, Inc.?
Ms. Brenda J. Johnson has been appointed as the new Executive Vice President and Chief Financial Officer.
When is the effective date for Ms. Brenda J. Johnson's appointment?
The appointment is effective March 4, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Ms. Brenda J. Johnson is $500,000.
What is the value of the restricted stock award granted to the new CFO?
Ms. Johnson will receive a restricted stock award valued at $1,000,000.
How will the restricted stock award for the new CFO vest?
The restricted stock award will vest over three years.
Filing Stats: 569 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-03-01 16:05:25
Key Financial Figures
- $2 — ange on which registered Common Stock, $2 par value per share OMI New York St
Filing Documents
- tmb-20240228x8k.htm (8-K) — 46KB
- tmb-20240228xex10d1.htm (EX-10.1) — 92KB
- 0001558370-24-002259.txt ( ) — 269KB
- tmb-20240228.xsd (EX-101.SCH) — 3KB
- tmb-20240228_lab.xml (EX-101.LAB) — 15KB
- tmb-20240228_pre.xml (EX-101.PRE) — 10KB
- tmb-20240228x8k_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1 Form of Performance Stock Unit Grant Notice and Performance Stock Unit Agreement 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document) 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 thereunto duly authorized. OWENS & MINOR, INC. Date: March 1, 2024 By: /s/ Heath H. Galloway Name: Heath H. Galloway Title: Executive Vice President, General Counsel and Corporate Secretary