Owens & Minor Announces Executive and Director Changes

Ticker: ACH · Form: 8-K · Filed: Nov 5, 2024 · CIK: 75252

Sentiment: neutral

Topics: leadership-change, executive-appointment, board-election

Related Tickers: OMI

TL;DR

Owens & Minor shakes up leadership with new CFO and directors.

AI Summary

Owens & Minor, Inc. announced on October 30, 2024, changes in its executive and director leadership. The company elected new directors and appointed new officers, including a new Chief Financial Officer. These changes are effective immediately and are part of the company's ongoing strategic initiatives.

Why It Matters

Changes in key leadership positions like the CFO and board of directors can signal shifts in company strategy, financial priorities, or operational focus.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

FAQ

What specific roles were affected by the leadership changes?

The filing indicates changes related to the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

When were these leadership changes effective?

The date of the earliest event reported is October 30, 2024, and the filing is dated November 5, 2024, indicating the changes are effective around this period.

What is the primary business of Owens & Minor, Inc.?

Owens & Minor, Inc. is in the wholesale of medical, dental, and hospital equipment and supplies, with SIC code 5047.

Where is Owens & Minor, Inc. headquartered?

The company's business and mail address is 9120 Lockwood Boulevard, Mechanicsville, Virginia.

What other items are being reported in this 8-K filing?

Besides leadership changes, the filing also covers compensatory arrangements of certain officers.

Filing Stats: 563 words · 2 min read · ~2 pages · Grade level 13.8 · Accepted 2024-11-05 16:05:54

Key Financial Figures

Filing Documents

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): October 30, 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 October 30, 2024, the board of directors of Owens & Minor, Inc. (the "Company") approved an amendment and restatement of the Executive Deferred Compensation and Retirement Plan (the "EDCRP"), effective January 1, 2025 (the "Amended and Restated Plan"). The Amended and Restated Plan has terms and conditions substantially similar to the previous version of the EDCRP except for the following: (i) the matching contribution from the Company or other participating employer under the EDCRP (as applicable, the "Employer") to participants' accounts will be determined by the Employer in its sole discretion and (ii) the Employer may make other non-elective contributions to participants' accounts under the EDCRP in its sole discretion, and the participants' interests in any such non-elective contributions will be vested after one year of service with the Employer. The foregoing description of the Amended and Restated Plan is only a summary and is qualified in its entirety by the Amended and Restated Plan, a copy of which will be filed with the Company's Annual Report on Form 10-K for the year ending December 31, 2024. 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: November 5, 2024 By: /s/ Heath H. Galloway Name: Heath H. Galloway Title: Executive Vice President, General Counsel and Corporate Secretary

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