11/05/2024 | Press release | Distributed by Public on 11/05/2024 15:06
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.