Quarterlytics / Healthcare / Medical - Distribution / Owens & Minor

Owens & Minor

omi · NYSE Healthcare
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Ticker omi
Exchange NYSE
Sector Healthcare
Industry Medical - Distribution
Employees 5001-10,000
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FY2008 Annual Report · Owens & Minor
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Teamwork:
Success starts with 
the Fundamentals.

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Owens & Minor, Inc.
Corporate Office

Street Address 

Mailing Address

804-723-7000

9120 Lockwood Boulevard

Post Office Box 27626

www.owens-minor.com

Mechanicsville, Virginia 23116

Richmond, Virginia 23261-7626

2008 

ANNUAL REPORT 
& FORM 10-K

 
 
 
 
 
 
 
 
 
Company Stats 2008

Corporate Information

Owens & Minor, Inc., a FORTUNE

500 company headquartered in
Richmond,  Virginia, 
a 
leading  distributor  of  medical 
and  surgical  supplies  to  the

is 

acute-care  market,  and  a  well-
known  provider  of  healthcare 
supply-chain management solutions.
Revenues  for  Owens  &  Minor
topped  $7.2  billion 
in  2008, 
resulting from solid organic growth
and a strategic acquisition in the final
quarter  of  the  year.  Over  time,  this
faster-than-industry growth rate has
helped  to  solidify  the  company’s
market-leading position. 

With the help of 5,300 teammates

nationwide,  Owens  &  Minor  serves  hospitals, 
integrated healthcare systems, alternate care locations,
and the federal government with diverse product and
service  offerings.  Working  from  its  distribution 
centers  located  strategically  around  the  country, 
Owens & Minor leverages its operational efficiency,
technology  innovation  and  advanced  supply-chain
management services, enabling healthcare providers 
to improve efficiency and lower cost across the entire
medical supply chain. 

Founded  in  Richmond  in  1882,  Owens  &
Minor’s  mission,  vision  and  values  provide 
fundamental  support  for  a  culture  that  places  a 
premium  on  customer-service  excellence, 
teammate  well-being,  shareholder
value,  business  integrity  and  social 
responsibility.  In  support  of  their
communities,  teammates  through-
out  the  company  volunteer  for  a
wide  range  of  community  service
organizations.

With  a  126-year  history  of
serving  customers,  Owens  & 
Minor  has  always  dedicated  itself 
to  delivering  long-term  value  to
shareholders, 
paid 
dividends consistently since 1930.
Conservative business practices, along with solid
operating  performance,  have  enabled 
the 
company to produce an 88% total return over the
last five years for its shareholders. 

and  has 

Today, Owens & Minor’s common shares are
traded on the New York Stock Exchange under 
the symbol OMI.  As of December 31, 2008, there
were approximately 41,441,000 common shares
outstanding.  For  more  information,  visit  the 
company’s Web site at www.owens-minor.com.

Mission

Vision

Values

To be a world class provider of supply-chain
management solutions to the selected 
segments of the healthcare industry we serve.  

To create consistent value for our customers
and supply-chain partners that will maximize
shareholder value and long-term earnings
growth; we will do this by managing our 
business with integrity and the highest 
ethical standards, while acting in a socially
responsible manner with particular emphasis
on the well-being of our teammates and the
communities we serve.

We believe in high integrity as the 
guiding principle of doing business.

We believe in our teammates and 
their well-being.

We believe in providing superior 
customer service. 

We believe in supporting the communities we
serve. 

We believe in delivering long-term value 
to our shareholders.

Annual Meeting 

The 2009 annual meeting of Owens & Minor, Inc.’s shareholders will be held at
10:00 a.m. on Friday, April 24, 2009, at Owens & Minor, Inc., 9120 Lockwood
Boulevard, Mechanicsville, Virginia, 23116.

Transfer Agent, Registrar 
and Dividend Disbursing Agent 

Communications 
and Investor Relations

Press Releases
Owens & Minor, Inc.’s press releases are available
at www.owens-minor.com.

Investor Relations
804-723-7555

BNY Mellon Shareowner Services
P.O. Box  358015
Pittsburgh, PA  15252-8015
Web site: www.bnymellon/shareowner/isd

Toll-free: (866) 252-0358
(Inside the United States and Canada)

(201) 680-6685
(Outside the United States and Canada)

BuyDIRECTSM Stock Purchase 
and Dividend Reinvestment Plan

Our transfer agent,The Bank of New York Mellon, offers a Direct Purchase and
Sale Plan for shares of Owens & Minor, Inc. common stock known as the
BuyDIRECTSM Plan. The BuyDIRECTSM Plan provides registered shareholders of
Owens & Minor and interested first-time investors a way to buy and sell shares
of  Owens  &  Minor  common  stock.  Inquiries  should  be  directed  to  BNY 
Mellon Shareowner Services (see contact information above).

Shareholder Records 

Direct correspondence concerning Owens & Minor, Inc. stock holdings, lost or
missing  dividend  checks,  or  change  of  address  to  BNY  Mellon’s  Investor
Services Department:

Owens & Minor, Inc.
c/o BNY Mellon Shareowner Services
Investor Services Department
P.O. Box 358015
Pittsburgh, PA 15252-8015

Duplicate Mailings 

When a shareholder owns shares in more than one account or when several
shareholders live at the same address, they may receive multiple copies of
company mailings. To eliminate multiple mailings, please write to the transfer
agent or consider enrolling in MLink (via the BNY Mellon Web site above) 
which offers secure on-line access to financial documents and shareowner
communications.

Counsel

Hunton & Williams
Richmond, Virginia

Independent Auditors

KPMG LLP
Richmond, Virginia

Information for Investors

The  company  files  annual,  quarterly  and  current  reports,  information 
statements  and  other  information  with  the  Securities  and  Exchange 
Commission  (SEC).The  public  may  read  and  copy  any  materials  that  the 
company files with the SEC at the SEC’s Public Reference Room at 100 F Street,
N.E.,Washington,  D.C.  20549.The  public  may  obtain  information  on  the 
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
The  SEC  also  maintains  an  Internet  site  that  contains  reports,  proxy  and
information  statements,  and  other  information  regarding  issuers  that  file
electronically with the SEC. The address of that site is http://www.sec.gov.
The address of the company’s Web site is www.owens-minor.com. Through a
link to the SEC’s Internet site on the Investor Relations portion of our Web site,
we make available our filings with the SEC, including our annual report on 
Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and
amendments to those reports, as well as beneficial ownership reports filed 
with the SEC by directors, officers and other reporting persons relating to
holdings in Owens & Minor, Inc. securities. This information is available as 
soon as the filing is accepted by the SEC.

Corporate Governance 

The company’s Bylaws, Corporate Governance Guidelines, Code of Honor and
the  charters  of  the  Audit,  Compensation  &  Benefits,  and  Governance  &
Nominating  Committees  are  available  on  the  company’s  Web  site  at
www.owens-minor.com and are available in print to any shareholder upon
request by writing to:

Corporate Secretary
Owens & Minor, Inc.
9120 Lockwood Boulevard
Mechanicsville, Virginia 23116

Communications with 
the Board of Directors

to 

The Board of Directors has approved a process for shareholders to send
communications 
the  Board.  Shareholders  can  send  written
communications  to  the  Board,  any  committee  of  the  Board,  the  Lead 
Director or any other individual director at the following address: P.O. Box
26383, Richmond, Virginia 23260.

Certifications

The  company’s  Chief  Executive  Officer  certified  to  the  New  York  Stock 
Exchange (NYSE) within 30 days after the company’s 2008 Annual Meeting of
Shareholders that he was not aware of any violation by the company of NYSE
corporate governance listing standards. The company also filed with the SEC
as exhibits 31.1, 31.2, 32.1 and 32.2 to its Annual Report on Form 10-K for the 
year ended December 31, 2008, certifications by its Chief Executive Officer and
Chief Financial Officer.

2008 Annual Report & Form 10-K                        

2008 Annual Report & Form 10-K

Financial Highlights

(in millions, except per share data)

  Percent Change

Year ended December 31, (1) (2)

2008

2007

2006

'08/'07 

'07/'06

Revenue

$7,243.2

$6,694.6

$5,441.3 

8.2%

Income from continuing operations

$101.3

$71.4 

$54.0 

41.8%

23.0%

32.4%

Income (loss) from discontinued 

operations, net of tax

Net income

Income (loss) per share - diluted:

Continuing operations

Discontinued operations

($7.9)

$93.3

$2.44

($0.19)i

Net income per common share - diluted

$2.25

$1.3 

$72.7 

$1.76 

$0.03 

$1.79 

($5.2)

$48.8 

NM

NM

28.4%

49.1%

$1.33 

38.6%

32.3%

($0.13)

NM

NM

$1.20 

25.70%

49.2%

Cash dividends per common share

$0.80

$0.68 

$0.60 

Book value per common share at year-end

$16.63 

$15.03 

$13.60 

17.7%

10.7%

Stock price per common share at year-end

$37.65 

$42.43 

$31.27 

(11.3%)

13.3%

10.5%

35.7%

Total assets

Long-term debt

Shareholders' equity 

$1,776.2 

$1,528.0 

$1,697.0 

16.6%

(10.0%)

$359.2 

$689.1 

$283.8 

$433.1 

26.6%

(34.5%)

$614.4 

$547.5 

12.2%

12.2%

1) During the fourth quarter of 2008, the company committed to plans to exit its direct-to-consumer business (the "DTC business"),
thereby meeting criteria for classification of discontinued operations in accordance with generally accepted accounting principles.
Accordingly, results from the DTC business are presented as results for discontinued operations for all periods presented. For
additional information regarding discontinued operations, see Note 4 of "Notes to Consolidated Financial Statements."   

2) NM - Percent change is not meaningful.

$7.2

$6.7

$5.4

$93.3

$2.25

$72.7

$1.79

$0.80

$0.68

$0.60

$48.8

$1.20

’06

’07

’08

’06

’07

’08

’06

’07

’08

’06

’07

’08

REVENUE
(Dollars in billions)

NET INCOME
(Dollars in millions)

NET INCOME 
PER DILUTED SHARE
(Dollars per share)

DIVIDENDS
(Dollars per share)

2008 Annual Report & Form 10-K    1

To Our Shareholders

Dear Shareholders, Teammates and Friends:

The  year  2008  was  a  fast-paced  and  profitable  one  for

Owens  &  Minor,  even  though  the  overall  economy
experienced  unprecedented  volatility  and  history-
making change. Despite these challenges, we continued
to expand our business with strong organic growth, the
addition  of  important  new  customers,  and  the  strategic  acquisition  of
certain  assets  of The  Burrows  Company,  a  hospital  supply  company
based in Chicago. We have always believed that our close relationships
with  our  customers,  supported  by  our  supply-chain  management
services and technology-based programs, have enabled us to grow faster
than our market sector. Today, more than ever, our healthcare provider
customers are asking for our value-added programs and services and our
supply-chain  management  expertise  as  they  seek  ways  to  deliver
efficient, cost-effective patient care. 

As I travel around the country meeting with hospital customers and
our  supplier  partners,  I  am  convinced  that  our  strategic  vision  of
creating efficiency and productivity in the supply chain is valued by all
the major stakeholders in the healthcare supply chain. Our mission is to
collaborate with our customers and suppliers, helping them with cost-
saving  solutions  and  efficiency  measures  that  truly  improve  the
healthcare  supply  chain.  We  provide  solutions  as  wide-ranging  as
storeroom  and  warehouse  redesigns,  data  management  tools,  clinical
supply-chain  management  solutions,  outsourcing  and  warehousing.
These solutions have a common theme - they improve transparency and
visibility  into  the  supply  chain,  enabling  healthcare  providers  and
suppliers  to  more  effectively  manage  inventories,  purchasing  patterns
and cash flow. 

In  the  fourth  quarter  of  2008,  we  completed  the  Burrows
acquisition and began the process of converting these customers to our
systems, platforms and facilities. This Midwest-based business is a good
strategic  fit  for  Owens  &  Minor,  and  we
welcome  these  new  customers. The

2 2008 Annual Report & Form 10-K                     

transition of this business requires a focused,
intensive effort, and fortunately for Owens &
Minor,  our  transition  team  wrote  the
playbook for phased conversions of this type.
By  collaborating  with  teams  in  the  field,  at
the  Home  Office,  and  with  the  new
customers, the transition team is scheduled
to  conclude  this  large-scale  transition  by
the end of the second quarter 2009. 

Also, in the fourth quarter, we chose
to  recommit  ourselves  to  a  business-to-
business  model  for  the  customers  we
serve,  making  the  decision  to  exit  the
direct-to-consumer  diabetes  supply
market. When we purchased the direct-
to-consumer business in 2005, we believed
that  this  consumer-oriented  effort  would
ultimately  support  the  company  in  revenue
growth and margin enhancement. However,
as our strategic initiatives evolved, it became
apparent that opportunities were developing
in  adjacent  markets,  as  our  hospital
customers  began  pursuing  non-acute-care
ventures,  such  as  free-standing  surgery
centers and physician practices. 

Reflecting  on  2008,  we  continued  to
invest  in  our  people,  our  infrastructure,  and
our new strategic initiatives. For example, we
introduced  automation  equipment  into 
our  distribution  centers  and  we  develop-
ed  a  comprehensive  clinical  inventory
management  service. At  the  same  time,  we

2008 Annual Report & Form 10-K   3

To Our Shareholders (continued)

focused every day on meeting our long-term financial, cultural, customer and shareholder goals. I firmly believe
our  performance  in  2008  demonstrates  that  our  long-term  dedication  to  customer  service,  teamwork  and
conservative business practices works to our advantage. We believe the best course for us is to continue investing
in our business, allowing us to grow profitably, while still providing our customers with exceptional supply-chain
management solutions.

During 2008, we grew our top line by 8% to $7.2 billion. Our revenue growth benefited from the Burrows
acquisition and our ability to expand our relationships with existing customers. We reported record net income
of  $93  million.  Income  from  continuing  operations  was  $101  million,  increased  nearly  42%  for  the  year. We
generated $63 million in operating cash flow during 2008, even after the Burrows acquisition and investments
made to accommodate competitive new business signed in late 2008. Long-term debt as of the end of the year
was $359 million, reflecting our acquisition of the Burrows business.  

If we look at our 2008 total return to shareholders, we are pleased to report that OMI fared better than the
stocks in our peer group and the S&P 500, even though we ended the year with a 10% decline, when compared
to December 31, 2007. In contrast, the S&P 500 and our peer group both declined 37% over the same period.
Of course, we prefer to see our stock price on the upswing, but we believe we exhibited real resilience last year
when  viewed  against  the  extreme  volatility  in  the  market.  One  fact  remains  constant:  we  are  committed  to
providing long-term value to our shareholders. Consequently, our board of directors approved a 15% increase in
the first quarter 2009 dividend, citing their confidence in Owens & Minor, our ability to achieve our goals, and
in recognition of the value we bring to the healthcare market. 

For this year’s annual report, we chose a theme of teamwork, and for good reason. Since 1882, we have strived
to work collaboratively to meet the needs and challenges of our customers and business partners. One thing we
have all learned is that we can’t do it alone. Teamwork is what makes the difference at our company. One of 
the  “team  stats”  I  am  most  proud  of  is  2008’s  customer  satisfaction  rating  among  the  800  customers  we 
survey every year. In 2008, we achieved a 98% customer satisfaction rating. Customer satisfaction in 2007 had
dipped to 94%; and we set a goal to achieve real improvement last year, and we did it.  You might say we “hit the

ball out of the park.”  

As  for  training  and  development,  our  teammates  stepped  up  to  the
plate and took thousands of courses in 2008, either online, in the field, or in
our  home  office  classrooms  at  Owens  &  Minor  University  (OMU).
Since we opened the doors to OMU in 2005, our teammates have
completed nearly 38,000 courses. If you ask me, this represents an
amazing  commitment  to  learning. And  the  benefits  are  real. We

4 2008 Annual Report & Form 10-K                     

have seen a decline in teammate turnover, and our teammates have improved their ability
to satisfy our customers. This company-wide push for training and development has also
enabled  us  to  conduct  effective  succession  planning,  as  we  are  developing  our  bench
strength with every class taken.

At Owens & Minor, we know our success depends on the fundamentals. We have long
been viewed as conservative, and in today’s market, we believe that’s the right place for us
to  be.  For  us,  that  means  paying  close  attention  to  the  needs  of  our  customers  and
suppliers, providing superior customer service, and fine-tuning our operations so that we
deliver  our  services  at  peak  efficiency. We  will  continue  the  practice  of  closely
monitoring our customers’ credit quality. We will invest in making our business better,
and we will pursue new opportunities in markets adjacent to those we serve today. But,
most  importantly,  we  will  rely  on  each  other,  working  together  every  day  in  a  spirit 
of teamwork. 

And finally, I am grateful to our customers, suppliers, business partners, shareholders,
board of directors, and teammates for their enduring support. No one person can ever
achieve  what  a  team  can  achieve.  For  Owens  &  Minor,  the  fundamental  element  of
success truly is teamwork. 

Sincerely,

Craig R. Smith
President & CEO
Owens & Minor

2008 Annual Report & Form 10-K   5

Our  healthcare  provider  customers
depend  on  us  to  provide  the  right
products,  at  the  right  time,  at  the
right price, with every delivery.

Our Team of MVPs

form  a 

A

t Owens & Minor, we are very proud
of  our  5,300  teammates.  Together,
they 
team  of  highly
experienced,  dedicated  players,  who
take  the  field  every  day  to  serve  the
healthcare industry. Our healthcare provider customers
depend on us to provide the right products, at the right
time,  at  the  right  price,  with  every  delivery.    In  order 
to  maintain  high  customer
satisfaction,  our  teammates
must  consistently  perform
their jobs with accuracy and
speed.  The  complexity  of
our  customers’  business 
also  demands  continuous
innovation.  In  response,  we
have  drafted 
teams  of
experts  who  use  their
advanced skills to create and
provide new solutions. 

Among these solutions are data-mining tools and
contract-management  solutions,  as  well  as  inventory
management  programs  focused  on  the  operating
room. In many of our distribution centers, teams also
provide  customized  procedure-based  surgical  supply
kits based on hospital surgery schedules. In the field,
our supply-chain management consultants work with
hospitals  to  improve  supply-chain  costs  and  increase
operating  efficiency.  With  these  solutions,  our
teammates  strive  to  provide  exceptional  service  and
ongoing  innovation,  enabling  the  nation’s  healthcare
providers to offer efficient, cost-effective patient care.

In  addition  to  serving  our  customers,  our
teammates  live  our  mission,  vision  and  values  every
day. Whether through hard work and problem solving,
growing  our  business,  or  through  volunteering  with
community  service  organizations,  our  teammates  are
improving our industry, expanding our market share,
and helping to make our communities better. 

6 2008 Annual Report & Form 10-K                     

In  addition  to  serving  our  customers,
our teammates live our mission, vision
and values every day. 

2008 Annual Report & Form 10-K   7

Board of Directors

  G. Gilmer Minor, III (68) 1*
Chairman & Retired CEO, 
Owens & Minor, Inc. 

James E. Rogers (63) 1
Lead Director, 
Owens & Minor, Inc.
President, SCI Investors Inc. 

A. Marshall Acuff, Jr. (69)1,3,5*
Retired Senior Vice President 
& Managing Director, 
Salomon Smith Barney, Inc.

J. Alfred Broaddus, Jr. (69) 3,5
Retired President, 
Federal Reserve Bank of Richmond

John T. Crotty (71) 2,4*
Managing Partner, 
CroBern Management Partnership 
President, CroBern, Inc.

Richard E. Fogg (68) 1,2*,4
Retired Partner, 
PricewaterhouseCoopers LLP

Eddie N. Moore, Jr. (61) 2,5
President, 
Virginia State University 

Peter S. Redding (70) 2,4
Retired President & CEO, 
Standard Register Company

Robert C. Sledd (56) 3,4
Managing Partner,
Pinnacle Ventures, LLC and 
Sledd Properties, LLC

Craig R. Smith (57) 1,4
President & CEO,
Owens & Minor, Inc. 

James E. Ukrop (71) 2,5
Chairman, First Market Bank
Former Chairman,
Ukrop’s Super Markets, Inc. 

Anne Marie Whittemore (62)1, 3*,5
Partner, McGuireWoods LLP

Board Committees:
1Executive Committee, 2Audit Committee, 3 Compensation & Benefits Committee, 
4 Strategic Planning Committee, 5 Governance & Nominating Committee, *Denotes Chairman

Corporate Officers

Craig R. Smith (57) 
President & Chief Executive Officer 
President since 1999 and Chief Executive Officer since July 2005. Mr. Smith
has been with the company since 1989. 

James L. Bierman (56) 
Senior Vice President & Chief Financial Officer 
Senior Vice President & Chief Financial Officer since June 2007. Previously,
Mr. Bierman served as Executive Vice President & Chief Financial Officer
at Quintiles Transnational Corp. from 2001 to 2004. He joined Quintiles in
1998. Prior to that Mr. Bierman was a partner of Arthur Andersen LLP from
1988 to 1998. Mr. Bierman has been with the company since 2007.

Richard F. Bozard (61) 
Vice President, Treasurer 
Vice  President,  Treasurer,  since  1991.  Mr.  Bozard  has  been  with  the
company since 1988. 

Olwen B. Cape (59) 
Vice President, Controller 
Vice President, Controller, since 1997. Ms. Cape has been with the company
since 1997. 

E.V. Clarke (48) 
Executive Vice President, Distribution
Executive Vice  President,  Distribution,  since  2008.  Previously  Mr.  Clarke
served  as  Group Vice  President,  Sales  &  Distribution,  from  October  2006
until 2008. Previously, he served as President of Acute Care for McKesson
Medical-Surgical from April 2002 until September 2006, when the business
was acquired by Owens & Minor. 

Charles C. Colpo (51) 
Executive Vice President, Administration
Executive Vice President, Administration, since 2008. Previously, Mr. Colpo
served as Senior Vice President, Operations, from 1999 until 2008. He also
served as Senior Vice President, Operations & Technology, from April 2005
to July 2006. Mr. Colpo has been with the company since 1981. 

Erika T. Davis (45) 
Senior Vice President, Human Resources 
Senior Vice President, Human Resources, since 2001. From 1999 to 2001,
Ms. Davis was Vice President of Human Resources. Ms. Davis has been with
the company since 1993. 

8 2008 Annual Report & Form 10-K                     

Grace R. den Hartog (57) 
Senior Vice President, General Counsel & Corporate Secretary 
Senior Vice President, General Counsel & Corporate Secretary, since 2003.
Ms. den Hartog previously served as a partner of McGuireWoods LLP from
1990 to 2003. Ms. den Hartog has been with the company since 2003.

Hugh F. Gouldthorpe, Jr. (70) 
Vice President, Quality & Communications 
Vice President, Quality & Communications, since 1993. Mr. Gouldthorpe
has been with the company since 1986. 

Richard W. Mears (48) 
Senior Vice President, Chief Information Officer 
Senior Vice  President,  Chief  Information  Officer,  since  2005.  Previously,
Mr.  Mears  was  an  Executive  Director  with  Perot  Systems  from  2003  to
2005,  and  an  account  executive  from  1998  to  2003.  Mr.  Mears  has  been
with the company since 2005.

Scott W. Perkins (52)
Vice President, West
Vice  President,  West,  since  2008,  and  Group  Vice  President,  Sales  &
Distribution,  from  2005  to  2008.  Mr.  Perkins  served  as  Senior  Vice
President, Sales & Distribution, from January to October 2005. Prior to that,
he served as Regional Vice President from March to December 2004, and
as Area Vice President from 2002 to 2004. Mr. Perkins has been with the
company since 1989. 

W. Marshall Simpson (40)
Senior Vice President, Sales & Marketing 
Senior Vice President, Sales & Marketing, since November 2007. Previously,
Mr.  Simpson  served  as  Group Vice  President,  Sales  &  Distribution,  from
2005 until 2007, and as Regional Vice President from 2004 to 2005. Prior
to  that,  Mr.  Simpson  served  as  Operating Vice  President  of  Corporate
Accounts from 2003 until 2004, and as Operating Vice President of Business
Integration from 2002 to 2003. Mr. Simpson has been with the company
since 1991. 

Mark A. Van Sumeren (51) 
Senior Vice President, Strategic Planning & Business Development 
Senior Vice  President,  Strategic  Planning  &  Business  Development,  since
2007, and Senior Vice President, Business Development, since 2006. Prior to
that, Mr. Van Sumeren was Senior Vice President, OMSolutionsSM from 2003
to  2006.  Mr. Van  Sumeren  previously  served  as Vice  President  for  Cap
Gemini Ernst & Young from 2000 to 2003. He has been with the company
since 2003.

Numbers inside parentheses indicate age. 

Company Stats 2008

Corporate Information

Owens & Minor, Inc., a FORTUNE

500 company headquartered in
Richmond,  Virginia, 
a 
leading  distributor  of  medical 
and  surgical  supplies  to  the

is 

acute-care  market,  and  a  well-
known  provider  of  healthcare 
supply-chain management solutions.
Revenues  for  Owens  &  Minor
topped  $7.2  billion 
in  2008, 
resulting from solid organic growth
and a strategic acquisition in the final
quarter  of  the  year.  Over  time,  this
faster-than-industry growth rate has
helped  to  solidify  the  company’s
market-leading position. 

With the help of 5,300 teammates

nationwide,  Owens  &  Minor  serves  hospitals, 
integrated healthcare systems, alternate care locations,
and the federal government with diverse product and
service  offerings.  Working  from  its  distribution 
centers  located  strategically  around  the  country, 
Owens & Minor leverages its operational efficiency,
technology  innovation  and  advanced  supply-chain
management services, enabling healthcare providers 
to improve efficiency and lower cost across the entire
medical supply chain. 

Founded  in  Richmond  in  1882,  Owens  &
Minor’s  mission,  vision  and  values  provide 
fundamental  support  for  a  culture  that  places  a 
premium  on  customer-service  excellence, 
teammate  well-being,  shareholder
value,  business  integrity  and  social 
responsibility.  In  support  of  their
communities,  teammates  through-
out  the  company  volunteer  for  a
wide  range  of  community  service
organizations.

With  a  126-year  history  of
serving  customers,  Owens  & 
Minor  has  always  dedicated  itself 
to  delivering  long-term  value  to
shareholders, 
paid 
dividends consistently since 1930.
Conservative business practices, along with solid
operating  performance,  have  enabled 
the 
company to produce an 88% total return over the
last five years for its shareholders. 

and  has 

Today, Owens & Minor’s common shares are
traded on the New York Stock Exchange under 
the symbol OMI.  As of December 31, 2008, there
were approximately 41,441,000 common shares
outstanding.  For  more  information,  visit  the 
company’s Web site at www.owens-minor.com.

Mission

Vision

Values

To be a world class provider of supply-chain
management solutions to the selected 
segments of the healthcare industry we serve.  

To create consistent value for our customers
and supply-chain partners that will maximize
shareholder value and long-term earnings
growth; we will do this by managing our 
business with integrity and the highest 
ethical standards, while acting in a socially
responsible manner with particular emphasis
on the well-being of our teammates and the
communities we serve.

We believe in high integrity as the 
guiding principle of doing business.

We believe in our teammates and 
their well-being.

We believe in providing superior 
customer service. 

We believe in supporting the communities we
serve. 

We believe in delivering long-term value 
to our shareholders.

Annual Meeting 

The 2009 annual meeting of Owens & Minor, Inc.’s shareholders will be held at
10:00 a.m. on Friday, April 24, 2009, at Owens & Minor, Inc., 9120 Lockwood
Boulevard, Mechanicsville, Virginia, 23116.

Transfer Agent, Registrar 
and Dividend Disbursing Agent 

Communications 
and Investor Relations

Press Releases
Owens & Minor, Inc.’s press releases are available
at www.owens-minor.com.

Investor Relations
804-723-7555

BNY Mellon Shareowner Services
P.O. Box  358015
Pittsburgh, PA  15252-8015
Web site: www.bnymellon/shareowner/isd

Toll-free: (866) 252-0358
(Inside the United States and Canada)

(201) 680-6685
(Outside the United States and Canada)

BuyDIRECTSM Stock Purchase 
and Dividend Reinvestment Plan

Our transfer agent,The Bank of New York Mellon, offers a Direct Purchase and
Sale Plan for shares of Owens & Minor, Inc. common stock known as the
BuyDIRECTSM Plan. The BuyDIRECTSM Plan provides registered shareholders of
Owens & Minor and interested first-time investors a way to buy and sell shares
of  Owens  &  Minor  common  stock.  Inquiries  should  be  directed  to  BNY 
Mellon Shareowner Services (see contact information above).

Shareholder Records 

Direct correspondence concerning Owens & Minor, Inc. stock holdings, lost or
missing  dividend  checks,  or  change  of  address  to  BNY  Mellon’s  Investor
Services Department:

Owens & Minor, Inc.
c/o BNY Mellon Shareowner Services
Investor Services Department
P.O. Box 358015
Pittsburgh, PA 15252-8015

Duplicate Mailings 

When a shareholder owns shares in more than one account or when several
shareholders live at the same address, they may receive multiple copies of
company mailings. To eliminate multiple mailings, please write to the transfer
agent or consider enrolling in MLink (via the BNY Mellon Web site above) 
which offers secure on-line access to financial documents and shareowner
communications.

Counsel

Hunton & Williams
Richmond, Virginia

Independent Auditors

KPMG LLP
Richmond, Virginia

Information for Investors

The  company  files  annual,  quarterly  and  current  reports,  information 
statements  and  other  information  with  the  Securities  and  Exchange 
Commission  (SEC).The  public  may  read  and  copy  any  materials  that  the 
company files with the SEC at the SEC’s Public Reference Room at 100 F Street,
N.E.,Washington,  D.C.  20549.The  public  may  obtain  information  on  the 
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
The  SEC  also  maintains  an  Internet  site  that  contains  reports,  proxy  and
information  statements,  and  other  information  regarding  issuers  that  file
electronically with the SEC. The address of that site is http://www.sec.gov.
The address of the company’s Web site is www.owens-minor.com. Through a
link to the SEC’s Internet site on the Investor Relations portion of our Web site,
we make available our filings with the SEC, including our annual report on 
Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and
amendments to those reports, as well as beneficial ownership reports filed 
with the SEC by directors, officers and other reporting persons relating to
holdings in Owens & Minor, Inc. securities. This information is available as 
soon as the filing is accepted by the SEC.

Corporate Governance 

The company’s Bylaws, Corporate Governance Guidelines, Code of Honor and
the  charters  of  the  Audit,  Compensation  &  Benefits,  and  Governance  &
Nominating  Committees  are  available  on  the  company’s  Web  site  at
www.owens-minor.com and are available in print to any shareholder upon
request by writing to:

Corporate Secretary
Owens & Minor, Inc.
9120 Lockwood Boulevard
Mechanicsville, Virginia 23116

Communications with 
the Board of Directors

to 

The Board of Directors has approved a process for shareholders to send
communications 
the  Board.  Shareholders  can  send  written
communications  to  the  Board,  any  committee  of  the  Board,  the  Lead 
Director or any other individual director at the following address: P.O. Box
26383, Richmond, Virginia 23260.

Certifications

The  company’s  Chief  Executive  Officer  certified  to  the  New  York  Stock 
Exchange (NYSE) within 30 days after the company’s 2008 Annual Meeting of
Shareholders that he was not aware of any violation by the company of NYSE
corporate governance listing standards. The company also filed with the SEC
as exhibits 31.1, 31.2, 32.1 and 32.2 to its Annual Report on Form 10-K for the 
year ended December 31, 2008, certifications by its Chief Executive Officer and
Chief Financial Officer.

2008 Annual Report & Form 10-K                        

2008 Annual Report & Form 10-K

Teamwork:
Success starts with 
the Fundamentals.

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Owens & Minor, Inc.
Corporate Office

Street Address 

Mailing Address

804-723-7000

9120 Lockwood Boulevard

Post Office Box 27626

www.owens-minor.com

Mechanicsville, Virginia 23116

Richmond, Virginia 23261-7626

2008 

ANNUAL REPORT 
& FORM 10-K