SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Update Passive Stake in Owens & Minor Inc. to 3.5%

FMR LLC and Abigail P. Johnson have filed an Amendment No. 5 to their Schedule 13G, reporting a continued passive beneficial ownership of 3.5% in Owens & Minor Inc.'s common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson, through various affiliated entities, collectively beneficially own 2,718,754.19 shares of Owens & Minor Inc. common stock.
• This ownership represents 3.5% of the total outstanding common stock of Owens & Minor Inc.
• FMR LLC holds sole voting power over 2,712,797.00 shares and sole dispositive power over 2,718,754.19 shares.
• Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to have shared dispositive power over the same 2,718,754.19 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Owens & Minor Inc.
• This filing is an Amendment No. 5 to a previously filed Schedule 13G, indicating an update to their beneficial ownership position.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) indicating a passive, non-controlling stake by a major institutional investor. This is generally neutral, but the continued presence of a reputable investor like FMR LLC can be seen as a minor positive signal of stability and confidence in the issuer.

Positives

• The continued beneficial ownership by a major institutional investor like FMR LLC may signal ongoing confidence in Owens & Minor Inc.'s long-term prospects, even if the stake is passive.

Negatives

• The document does not present any explicit negative information regarding Owens & Minor Inc. or the reporting persons' investment strategy.

Risks

• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, mitigating risks associated with activist investor involvement.

Future Outlook

The document is a regulatory filing detailing current beneficial ownership and does not contain any forward-looking statements or guidance regarding Owens & Minor Inc.'s future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing reflects a routine update of a passive investment by a major asset manager in a healthcare distribution and services company. It does not provide specific insights into broader industry trends but highlights ongoing institutional interest in the sector.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily serves to disclose beneficial ownership and does not contain information suitable for direct comparison to industry-specific financial benchmarks or project results of comparable companies like Cardinal Health, McKesson Corporation, or Medline Industries. The 3.5% stake is a passive investment, typical for institutional holders not seeking control.

Related Party Transactions

• The document details the relationship between FMR LLC and Abigail P. Johnson, noting that Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and that members of the Johnson family are predominant owners of FMR LLC's voting common shares, forming a controlling group with respect to FMR LLC. This clarifies the reporting structure for beneficial ownership.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, which can offer some reassurance regarding institutional interest.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this beneficial ownership filing, as the stake is passive and not for control.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to file amendments to their Schedule 13G if there are material changes to their beneficial ownership of Owens & Minor Inc. common stock.

Key Dates

Keywords

Owens & Minor Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Healthcare Distribution, Medical Supplies