Owens Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Owens & Minor, Inc. (the “Company”) maintains the Owens & Minor, Inc. 2018 Stock Incentive Plan (as amended, the “Plan”) which was approved by shareholders at the Company’s Annual Meeting of Shareholders on May 8, 2018. The Company may issue various types of awards under the Plan.
On February 28, 2019, the Compensation & Benefits Committee of the Board of Directors of the Company (the “Committee”) adopted and approved revised forms of Restricted Stock Agreement and 2019 Performance Share Award Agreement, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K, for use by the Company in connection with awards under the Plan.
The Restricted Stock Agreement is for use by the Company in connection with the grant of time-based vesting restricted shares of common stock under the Plan. The number of restricted shares of common stock that may be awarded and vesting schedule will be determined by the Board or the Committee thereof on a grant-by-grant basis.
The 2019 Performance Share Agreement is for use by the Company in connection with the grant of performance-based restricted shares of common stock under the Plan that vest, if at all, upon the attainment of certain performance metrics. The number of performance-based restricted shares of common stock that may be awarded, the performance metrics and vesting schedule will be determined by the Board or the Committee on a grant-by-grant basis.
The foregoing description does not purport to be a complete statement of the terms or conditions of the forms of agreement filed herewith and the above description is qualified in its entirety by reference to Exhibits 10.1 and 10.2, which are hereby incorporated by this reference.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits.
OWENS & MINOR INC/VA/ Exhibit
EX-10.1 2 a101formrsgagreement-10kex.htm EXHIBIT 10.1 Exhibit OWENS & MINOR,…
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About Owens & Minor, Inc. (NYSE:OMI)
Owens & Minor, Inc. is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International. The Domestic segment includes all functions relating to its role as a medical supply logistics company providing distribution; kitting, including Medical Action Industries Inc., and logistics services to healthcare providers and manufacturers in the United States. The International segment consists of Movianto Group and ArcRoyal. The Company serves customers with a service portfolio that covers procurement, inventory management, delivery and sourcing for the healthcare market. With fully developed networks in the United States and Europe, it serves hospitals, integrated healthcare systems, group purchasing organizations, the United States federal government and pharmaceuticals.
