8-KLeadership ChangesExhibits & Filings

Cencora, Inc. 8-K Report, Executive Changes (Oct 1, 2008)

Filed October 1, 2008For Securities:COR

Summary

This Form 8-K filing for AmerisourceBergen Corporation (now Cencora, Inc.) on October 1, 2008, announces a key change in its Board of Directors. The company elected Richard W. Gochnauer as a Class III director, increasing the board size from eight to nine members. Mr. Gochnauer brings significant experience from his roles as President and CEO of United Stationers, Inc., a major wholesale distributor, and prior leadership positions in food and consumer products distribution. His appointment is noteworthy as it brings in new expertise and potentially signals a strategic focus on distribution and supply chain operations. Investors should note that Mr. Gochnauer's compensation as a new non-employee director includes a $50,000 restricted stock grant vesting over three years, an annual retainer, stock options, and meeting fees, aligning his incentives with the company's long-term performance. This filing also includes a referenced news release detailing the appointment.

Key Highlights

  • 1AmerisourceBergen Corporation elected Richard W. Gochnauer as a new Class III director, expanding the Board to nine members.
  • 2Mr. Gochnauer possesses substantial experience as President and CEO of United Stationers, Inc., a large wholesale distributor.
  • 3His background includes significant operational and management roles in food and consumer product distribution companies.
  • 4The addition of Mr. Gochnauer may indicate a strategic emphasis on distribution and supply chain expertise for the Board.
  • 5New director compensation includes a $50,000 restricted stock grant vesting over three years.
  • 6Additional compensation for Mr. Gochnauer includes a pro-rated annual retainer, stock options, and meeting attendance fees.
  • 7A press release announcing the election is filed as an exhibit to this report.

Frequently Asked Questions

Richard W. Gochnauer is a seasoned executive with extensive experience in distribution, notably as President and CEO of United Stationers, Inc. He was elected to AmerisourceBergen's Board of Directors to bring his strategic leadership and operational expertise, particularly in the wholesale distribution sector, to the company's governance.

Mr. Gochnauer's election increases the total number of directors on AmerisourceBergen's Board from eight to nine members.

As a non-employee director, Mr. Gochnauer will receive a $50,000 restricted stock grant that vests over three years, a pro-rated annual retainer, a pro-rated grant of stock options also vesting over three years, and meeting attendance fees. This compensation structure is designed to align his interests with those of the company and its shareholders.

The appointment of a director with deep experience in wholesale distribution like Mr. Gochnauer could signal a strategic focus or reinforcement of the company's core business operations and supply chain capabilities. His expertise may contribute valuable insights to the Board's decision-making processes.