This excerpt taken from the OMI 8-K filed May 3, 2006.
(Effective
4/27/06)
Name (1)
Title
Revised
Annual
Base
Salary
Stock
Option
Grants
(shares) (2)
Restricted
Stock
Grants
(shares)(3)
Craig Smith
President and CEO
$
725,000
25,000
5,000
Mark Van Sumeren
Corporate SVP,
OM Solutions
$
419,220
7,900
1,580
Jeff Kaczka
Corporate SVP and CFO
$
376,012
6,750
1,350
Grace den Hartog
Corporate SVP,
General
Counsel/Corp. Sec
$
324,990
10,500
2,100
(1)
G. Gilmer Minor, III, the Company’s other named executive officer, retired from the Company on November 1, 2005.
(2)
All stock options were granted at an exercise price of $32.00, the closing price of Owens & Minor, Inc. common stock on 4/27/06 (the date of issuance). Stock option grants
become exercisable as follows: 40%, 30% and 30% on the first, second and third anniversary from the date of grant. Stock options expire on the seventh anniversary from the date of grant.
(3)
One-third of the restricted stock grant vests on each of the first, second and third anniversary dates following grant; provided that the Company achieves its earnings per share
(“EPS”) performance goal for the immediately preceding calendar year (beginning with calendar year 2006). For any year in which the Company does not achieve the applicable EPS performance goal, the applicable shares will vest on the fifth
anniversary from the grant date.
