OWENS & MINOR, INC. REVISED BASE SALARIES AND STOCK OPTION AND RESTRICTED STOCK GRANTS TO NAMED EXECUTIVE OFFICERS
EX-10.1 2 dex101.htm FORM OF STOCK OPTION GRANT AGREEMENT Form of Stock Option Grant Agreement
Exhibit 10.1
OWENS & MINOR, INC.
REVISED BASE SALARIES AND STOCK OPTION AND RESTRICTED STOCK
GRANTS TO NAMED EXECUTIVE OFFICERS
| Name (1) | Title | Revised Annual Base Salary | Stock Option Grants (shares)(2) | Restricted Stock Grants (shares) | |||||||
| G. Gilmer Minor, III | Chairman and Chief Executive Officer | $ | 780,207 | 37,500 | 2,800 | ||||||
| Craig R. Smith | President and Chief Operating Officer | $ | 614,100 | (3) | 37,500 | (4) | 2,800 | ||||
| Mark Van Sumeren | Senior Vice President, OMSolutions | $ | 408,000 | 9,375 | 700 | ||||||
| Jeffrey Kaczka | Senior Vice President and Chief Financial Officer | $ | 364,000 | 5,625 | 400 | ||||||
| (1) | Henry A. Berling, the Registrant’s other named executive officer, retired from the Registrant on January 1, 2005. |
| (2) | All stock options were granted at an exercise price of $29.58, the closing price of Owens & Minor, Inc. common stock on 4/28/05 (the date of issuance). |
| (3) | Effective July 1, 2005 when Mr. Smith assumes the position of President and Chief Executive Officer, his annual base salary shall be adjusted to $700,000. |
| (4) | On July 1, 2005 when Mr. Smith assumes the position of President and Chief Executive Officer, he will receive a grant of 50,000 stock options at an exercise price equal to the closing price of Owens & Minor, Inc. common stock on such date. |
