Owens & Minor Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: ACH · Form: DEF 14A · Filed: Mar 27, 2024 · CIK: 75252

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Owens & Minor, Corporate Governance, Executive Compensation

TL;DR

<b>Owens & Minor Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 9, 2024.</b>

AI Summary

OWENS & MINOR INC/VA/ (ACH) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. Owens & Minor Inc. filed a Definitive Proxy Statement (DEF 14A) on March 27, 2024. The filing covers the period ending May 9, 2024. The company's Central Index Key (CIK) is 0000075252. Owens & Minor Inc. is incorporated in Virginia (VA). The Standard Industrial Classification (SIC) code is 5047 for Wholesale - Medical, Dental & Hospital Equipment & Supplies.

Why It Matters

For investors and stakeholders tracking OWENS & MINOR INC/VA/, this filing contains several important signals. This DEF 14A filing is a standard disclosure for publicly traded companies, providing shareholders with information regarding upcoming annual meetings, executive compensation, and voting matters. Shareholders should review this document to understand key proposals, director nominations, and executive compensation plans before the annual meeting.

Risk Assessment

Risk Level: low — OWENS & MINOR INC/VA/ shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material events or significant changes are being disclosed beyond standard corporate governance information.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate governance and shareholder value.

Key Numbers

Key Players & Entities

FAQ

When did OWENS & MINOR INC/VA/ file this DEF 14A?

OWENS & MINOR INC/VA/ filed this Proxy Statement (DEF 14A) with the SEC on March 27, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by OWENS & MINOR INC/VA/ (ACH).

Where can I read the original DEF 14A filing from OWENS & MINOR INC/VA/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by OWENS & MINOR INC/VA/.

What are the key takeaways from OWENS & MINOR INC/VA/'s DEF 14A?

OWENS & MINOR INC/VA/ filed this DEF 14A on March 27, 2024. Key takeaways: Owens & Minor Inc. filed a Definitive Proxy Statement (DEF 14A) on March 27, 2024.. The filing covers the period ending May 9, 2024.. The company's Central Index Key (CIK) is 0000075252..

Is OWENS & MINOR INC/VA/ a risky investment based on this filing?

Based on this DEF 14A, OWENS & MINOR INC/VA/ presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate material events or significant changes are being disclosed beyond standard corporate governance information.

What should investors do after reading OWENS & MINOR INC/VA/'s DEF 14A?

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate governance and shareholder value. The overall sentiment from this filing is neutral.

How does OWENS & MINOR INC/VA/ compare to its industry peers?

Owens & Minor Inc. operates in the wholesale distribution of medical, dental, and hospital equipment and supplies.

Are there regulatory concerns for OWENS & MINOR INC/VA/?

As a public company, Owens & Minor Inc. is subject to SEC regulations, including the requirement to file Definitive Proxy Statements (DEF 14A) for shareholder meetings.

Industry Context

Owens & Minor Inc. operates in the wholesale distribution of medical, dental, and hospital equipment and supplies.

Regulatory Implications

As a public company, Owens & Minor Inc. is subject to SEC regulations, including the requirement to file Definitive Proxy Statements (DEF 14A) for shareholder meetings.

What Investors Should Do

  1. Analyze the proposals to be voted on at the shareholder meeting.
  2. Review the executive compensation disclosures for named executive officers.
  3. Examine director nominations and qualifications.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. Specific comparative data from a previous filing is not directly available in this extract.

Filing Stats: 4,599 words · 18 min read · ~15 pages · Grade level 13.7 · Accepted 2024-03-27 16:08:30

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 41 Compensation Discussion & Analysis 42 Our People & Culture Committee Report 58 2023 Summary Compensation Table 59 2023 Grants of Plan-Based Awards 61 Outstanding Equity Awards at Fiscal Year-End 62 2023 Option Exercises and Stock Vested 63 Nonqualified Deferred Compensation Plan 64 Potential Payments Upon Termination or Change in Control 65 Pay Ratio Disclosure 70 Pay Versus Performance Table 71 Proposal 4: Advisory Shareholder Vote to Approve Executive Compensation 75 Certain Relationships and Transactions 76 Shareholder Proposals 76 Further Information About Attending the Virtual Annual Meeting 77 Other Matters 78 Annex A – Amendment No. 1 to the Owens & Minor, Inc. 2023 Omnibus Incentive Plan A-1 Your Vote Is Important Whether or not you plan to attend the Annual Meeting, please vote your shares promptly, as instructed in the Notice Regarding the Availability of Proxy Materials, by the Internet or by telephone. You may also request a paper proxy card to submit your vote by mail, if you prefer. We encourage you to vote via the Internet. Non-GAAP measures. This document contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles (GAAP). In general, the measures exclude items and charges that (i) management does not believe reflect Owens & Minor, Inc.'s (the Company) core business and relate more to strategic, multi-year corporate activities; or (ii) relate to activities or actions that may have occurred over multiple or in prior periods without predictable trends. Management uses these non-GAAP financial measures internally to evaluate the Company's performance, evaluate the balance sheet, engage in financial and operational planning and determine incentive compensation. Management provides these non-GAAP financial measures to investors as supplemental metrics to assist readers in assessing the effects of items and events on it

Executive Compensation Philosophy

Executive Compensation Philosophy Our executive compensation program which is described in more detail in our " Compensation Discussion and Analysis" section is designed with a pay-for-performance philosophy that aligns with the business's strategy and goals, both short and long-term, and pays for sustained performance, profitable growth, and achievement of results. We generally target the 50th percentile of our peer group and the relevant market as a reference point for positioning target total compensation for our executives, 1 with the ability to earn above or below the 50th percentile based on Company and/or individual performance. Key considerations when determining an executive's compensation include experience, size and scope of role, pay position relative to the market, internal equity, and talent retention. We designed our executive compensation program framework to reward for Company and individual performance and focus on the following objectives: Reasonable but market-competitive base salaries to attract, motivate and retain executives. Appropriate balance between short- and long-term incentives and fixed and at-risk incentive compensation, to weigh cost against expected benefit and to align with the creation of shareholder value, including: Annual cash incentives to drive critical business results each year; and Long-term incentive equity awards to retain management and focus executives on longer-term financial performance and execution of our operational and strategic plans. Retirement, severance, and other market-competitive benefits to attract executive talent and encourage retention. 1 This is a reference point, not a policy, and actual compensation may be above or below the target level based on corporate and/or individual performance. Compensation Components We base a significant portion of compensation on the achievement of objective financial measures to create a strong link between pay and performance. We have no specific p

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