Mark Beck
OMIAbout Mark A. Beck
Mark A. Beck (age 59) is an independent director and non-executive Chair of the Board at Owens & Minor, serving as Board Chair since September 2020 and a director since 2019. He is co-founder and owner of B‑Square Precision, LLC, and previously served as CEO of JELD‑WEN (Nov 2015–Feb 2018), EVP at Danaher (beginning Apr 2014), and EVP at Corning (appointed Jul 2012). He is currently a director of IDEX Corporation (chairs Nominating & Corporate Governance; member, Compensation) and serves on the board of kdc/one; he formerly served on the boards of JELD‑WEN (May 2016–Feb 2018) and Dow‑Corning (2010–2014). The Board has determined he is independent under NYSE standards and the company’s Corporate Governance Guidelines .
Past Roles
| Organization | Role | Dates disclosed | Committees/Impact |
|---|---|---|---|
| JELD‑WEN Holding, Inc. | President & CEO | Nov 2015 – Feb 2018 | CEO of global manufacturer; integration experience |
| JELD‑WEN Holding, Inc. | Director | May 2016 – Feb 2018 | Board oversight during transformation period |
| Danaher Corporation | Executive Vice President | Beginning Apr 2014 | Led water quality and dental platforms |
| Corning Incorporated | Executive Vice President | Appointed Jul 2012 | Oversaw environmental technologies and life sciences |
External Roles
| Organization | Role | Committees/Details | Status |
|---|---|---|---|
| IDEX Corporation | Director | Chair, Nominating & Corporate Governance; Member, Compensation | Current |
| kdc/one (KKR/Cornell Capital sponsored) | Director | Private company | Current |
| JELD‑WEN Holding, Inc. | Director | — | Former (May 2016–Feb 2018) |
| Dow‑Corning Corporation | Director | — | Former (2010–2014) |
Board Governance
- Independence: The Board determined Beck is independent; OMI separates the independent Chair and CEO roles (current structure) to enhance oversight .
- Committee assignments and leadership (2024): Beck served as Chair of the Board; Chair, Executive Committee; Member, Governance & Nominating; Member, Our People & Culture .
- Meeting load and attendance: The Board held 21 meetings in 2024; Audit (7), Governance & Nominating (4), Our People & Culture (7), and Executive Committee (0). All directors attended at least 75% of Board and committee meetings; all directors attended the 2024 Annual Meeting .
- Executive sessions and governance practices: Only independent directors serve on key committees; independent directors hold regular executive sessions without management .
- Related-party transactions: The company states it has not entered into related party transactions requiring disclosure; the Audit Committee reviews and approves any such transactions per charter .
| Committee | Role | 2024 Meetings |
|---|---|---|
| Board of Directors | Chair | 21 |
| Executive Committee | Chair | 0 |
| Governance & Nominating | Member | 4 |
| Our People & Culture | Member | 7 |
Fixed Compensation (Director)
| Element | Amount | Notes |
|---|---|---|
| 2024 Cash fees (actual) | $250,000 | Fees earned or paid in cash in 2024 |
| Annual cash retainer (schedule effective May 9, 2024) | $125,000 | Standard for non-employee directors |
| Additional annual retainer – Independent Board Chair (schedule) | $130,000 | For non-executive Chair role |
| Committee chair retainers (schedule) | Audit $30,000; OP&C $25,000; Gov & Nom $25,000 | If applicable |
| Deferral program | Available | Directors may defer fees into a Company stock account or fixed income fund subaccounts |
Performance Compensation (Director)
| Grant Type | Grant Date | Shares/Units | Grant Date Fair Value | Vesting | Performance Metrics |
|---|---|---|---|---|---|
| Restricted Stock | May 9, 2024 | 11,154 | $205,000 | One-year vesting to May 9, 2025 | None (time-based) |
- The 2024 “Stock Awards” value for Beck was $205,000; the award equated to 11,154 restricted shares based on the $18.38 closing price on May 9, 2024; shares vest on May 9, 2025 .
- Director equity is time-based RS, not performance-conditioned; no financial/TSR metrics apply to director grants .
Other Directorships & Interlocks
- Current public company board: IDEX Corporation (Chair, Nominating & Corporate Governance; member, Compensation) .
- Private company board: kdc/one (KKR/Cornell Capital sponsored) .
- No related-party transactions disclosed between OMI and entities associated with Beck; company reports no such transactions requiring disclosure .
Expertise & Qualifications
- Former public-company CEO with global operations; extensive manufacturing, integration, and M&A experience from JELD‑WEN, Danaher, and Corning .
- Governance leadership: committee chair experience at IDEX; Board Chair at OMI; committee roles spanning governance and compensation .
- The Board cites his manufacturing insights and track record integrating acquired businesses as strategic value to OMI .
Equity Ownership
| Item | Amount/Status |
|---|---|
| Beneficial ownership (as of Mar 19, 2025) | 20,498 shares; <1% of outstanding |
| Directors’ Deferred Compensation Plan (Common Stock account) | 49,343 shares credited in DCP account (footnote) |
| Stock ownership guideline | 4× annual cash retainer; current guideline value $500,000 (attain within 5 years of Board start) |
| Hedging/Pledging | Insider trading policy prohibits hedging or pledging by directors; no pledging permitted |
Note: The beneficial ownership table reports 20,498 shares for Beck and separately footnotes 49,343 shares credited to his Directors’ Deferred Compensation Plan Common Stock account; presentation follows company disclosures .
Governance Assessment
- Strengths: Independent non-executive Chair; independent-only key committees; robust committee structure; regular executive sessions; strong shareholder support on say‑on‑pay (2024 approval ~98%), signaling positive investor confidence in compensation governance .
- Alignment: Director pay mix combines cash with annual restricted stock; stock ownership guideline set at 4× cash retainer ($500k), and hedging/pledging prohibitions enhance alignment .
- Workload and engagement: 21 Board meetings in 2024; all directors met at least 75% attendance; all attended 2024 Annual Meeting .
- Pay changes: 2024 increase to director equity retainer and non-executive Chair retainer aligned to peer median—no apparent red flags; aligns compensation with market while maintaining equity exposure .
- Conflicts: Company reports no related‑party transactions requiring disclosure; Audit Committee retains oversight for any related person transactions .
RED FLAGS: None identified in company disclosures regarding attendance shortfalls, pledging/hedging, or related‑party transactions. Continue to monitor any future interlocks and transactions, as well as ongoing equity deferrals and compliance with ownership guidelines .