Owens & Minor, Inc. Executive Base Salary and Equity Grant Schedule for 2005
Owens & Minor, Inc. has set new annual base salaries and granted stock options and restricted stock to its top executives, including the CEO, President, and Senior Vice Presidents. The agreement lists each executive's revised salary and the number of stock options and restricted shares awarded, with all options granted at the company's closing stock price on April 28, 2005. This document formalizes compensation adjustments for the named officers for the year.
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 | 37,500 | 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 Registrants 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). |