Owens & Minor CFO Departs; New Directors Elected
Ticker: ACH · Form: 8-K · Filed: May 24, 2024 · CIK: 75252
Sentiment: neutral
Topics: executive-departure, board-changes, cfo
Related Tickers: OMI
TL;DR
CFO out, interim CFO in, two new board members for OMI.
AI Summary
Owens & Minor, Inc. announced on May 24, 2024, the departure of its Chief Financial Officer, Richard L. Allen, effective immediately. The company has appointed Jeremy L. Warren as interim CFO. Additionally, the company announced the election of two new directors, Christopher J. Lowery and Robert J. Miller, to its Board of Directors.
Why It Matters
Changes in key executive positions and board composition can signal shifts in company strategy or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive departures and board changes can introduce uncertainty regarding leadership stability and strategic direction.
Key Players & Entities
- Owens & Minor, Inc. (company) — Registrant
- Richard L. Allen (person) — Departing Chief Financial Officer
- Jeremy L. Warren (person) — Interim Chief Financial Officer
- Christopher J. Lowery (person) — Newly Elected Director
- Robert J. Miller (person) — Newly Elected Director
- May 24, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the interim Chief Financial Officer?
Jeremy L. Warren has been appointed as the interim Chief Financial Officer.
When was Richard L. Allen's departure effective?
Richard L. Allen's departure was effective immediately as of May 24, 2024.
How many new directors were elected to the Board?
Two new directors, Christopher J. Lowery and Robert J. Miller, were elected to the Board.
What is the company's state of incorporation?
The company's state of incorporation is Virginia.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 54-1701843.
Filing Stats: 466 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-05-24 16:05:37
Key Financial Figures
- $2 — ange on which registered Common Stock, $2 par value per share OMI New York St
Filing Documents
- tmb-20240524x8k.htm (8-K) — 42KB
- 0001558370-24-008643.txt ( ) — 156KB
- tmb-20240524.xsd (EX-101.SCH) — 3KB
- tmb-20240524_lab.xml (EX-101.LAB) — 15KB
- tmb-20240524_pre.xml (EX-101.PRE) — 10KB
- tmb-20240524x8k_htm.xml (XML) — 5KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 24, 2024 Owens & Minor, Inc . (Exact name of registrant as specified in its charter) Virginia 001-09810 54-1701843 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 9120 Lockwood Boulevard , Mechanicsville , Virginia 23116 (Address of principal executive offices) (Zip Code) Post Office Box 27626, Richmond, Virginia 23261-7626 (Mailing address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (804) 723-7000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $2 par value per share OMI New York Stock Exchange Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 24, 2024, Owens & Minor, Inc. (the Company) named Jennifer Stone (53) Executive Vice President & Chief Human Resources Officer of the Company effective June 3, 2024. Before joining the Company, Ms. Stone was Vice President of Human Resources, Medical Surgical Portfolio, Surgical Operating Unit at Medtronic, a global medical device company. She also spent more than 20 years at Target Corporation, a retail company, in various roles of increasing responsibility, including most recently as Head of Talent Management. 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: May 24, 2024 By: /s/ Heath H. Galloway Name: Heath H. Galloway Title: Executive Vice President, General Counsel and Corporate Secretary