Brink’s (BCO)
The armored car giant released its latest proxy, disclosing the compensation packages paid to its top executives in 2014. President and CEO Thomas Schievelbein received total compensation for the year valued at $4.28 million. That’s down from $5.37 million in 2013. His total included an $800,000 base salary, $2.32 million in stock awards, $896,000 in cash incentives and other compensation. The company’s summary compensation table can be found here.
The company will hold its annual shareholders meeting at the office of Troutman Sanders, at 1001 Haxall Point in Richmond on May 8 at 10 a.m.
Dominion Resources (D)
The downtown utility firm filed its latest proxy. It reported that President and CEO Thomas Farrell received $20.61 million in total compensation in 2014, up jump from $10.91 million in 2013. Farrell’s pay package included a $1.41 million base salary, $5.7 million in stock awards, $10 million in incentive payouts and other compensation. His pay package eclipsed all other listed top Dominion executives by at least $13 million. The full proxy can be read here.
Dominion will hold its annual shareholders meeting on May 6 at the Innsbrook Technical Center, 5000 Dominion Boulevard at 9 a.m.
MeadWestvaco (MWV)
The company disclosed that CEO John Luke will forego more than $5.7 million of severance payments that would have been due to him upon the closing of MWV’s pending merger with Rock-Tenn Co. In exchange, the company agreed to accelerate the vesting of stock options and performance-based restricted stock upon his retirement. Luke, 66, has been with the company for 35 years.
MWV said that the federally required waiting period related to its pending deal with RockTenn has expired. That 30-day period is required by the Federal Trade Commission and U.S. Department of Justice before a deal is closed and is related to antitrust considerations.
Xenith Bankshares (XBKS)
Judy Gavant, the company’s controller, acquired 874 shares in three transactions at an average of $6.37 per share.
Brink’s (BCO)
The armored car giant released its latest proxy, disclosing the compensation packages paid to its top executives in 2014. President and CEO Thomas Schievelbein received total compensation for the year valued at $4.28 million. That’s down from $5.37 million in 2013. His total included an $800,000 base salary, $2.32 million in stock awards, $896,000 in cash incentives and other compensation. The company’s summary compensation table can be found here.
The company will hold its annual shareholders meeting at the office of Troutman Sanders, at 1001 Haxall Point in Richmond on May 8 at 10 a.m.
Dominion Resources (D)
The downtown utility firm filed its latest proxy. It reported that President and CEO Thomas Farrell received $20.61 million in total compensation in 2014, up jump from $10.91 million in 2013. Farrell’s pay package included a $1.41 million base salary, $5.7 million in stock awards, $10 million in incentive payouts and other compensation. His pay package eclipsed all other listed top Dominion executives by at least $13 million. The full proxy can be read here.
Dominion will hold its annual shareholders meeting on May 6 at the Innsbrook Technical Center, 5000 Dominion Boulevard at 9 a.m.
MeadWestvaco (MWV)
The company disclosed that CEO John Luke will forego more than $5.7 million of severance payments that would have been due to him upon the closing of MWV’s pending merger with Rock-Tenn Co. In exchange, the company agreed to accelerate the vesting of stock options and performance-based restricted stock upon his retirement. Luke, 66, has been with the company for 35 years.
MWV said that the federally required waiting period related to its pending deal with RockTenn has expired. That 30-day period is required by the Federal Trade Commission and U.S. Department of Justice before a deal is closed and is related to antitrust considerations.
Xenith Bankshares (XBKS)
Judy Gavant, the company’s controller, acquired 874 shares in three transactions at an average of $6.37 per share.