Altria (MO)
Brian Quigley, CEO of Altria subsidiary U.S. Smokeless Tobacco Company, sold 3,000 shares of common stock at $63.66 per share for a profit of $190,980.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust reported its first quarter earnings for 2016. Revenues totaled $224.4 million, up from $210.3 million the first quarter of 2015. Profits totaled $34.6 million, down from $43.8 million the same three months last year.
Brink’s (BCO)
The armored car giant’s board appointed director George I. Stoeckert as interim CEO effective May 6. He replaces Tom Schievelbein, who retired the same day. Stoeckert will be paid $117,000 monthly during his tenure and will receive no compensation as a director. A release said a search for a permanent CEO is nearly complete.
Director Michael J. Herling was appointed non-executive chairman of the company.
CarMax (KMX)
The used car retailer filed a definitive proxy statement that details compensation packages for several top executives. In 2016, CEO Thomas Folliard received a total compensation package of $10.02 million, including a base salary of $1.25 million, stock option awards totaling $5.25 million, stock awards of $1.74 million, and other compensation.
The company will hold its annual shareholders meeting on June 28 at 1 p.m. at the Hilton Richmond Hotel, Short Pump, at 12042 W. Broad St. Related information is available here.
Community Bankers Trust (ESXB)
John Watkins, a director, acquired 1900 shares in two transactions at an average of $5.04 per share for a total of $9,576.
Dynex Capital (DX)
The mortgage REIT reported its first quarter earnings for 2016. Assets totaled $3.58 billion, up from $3.67 billion the same quarter of 2015. Liabilities totaled $3.1 billion, compared to $3.17 billion the year before. It reported a net loss of $37.43 million, compared to a net loss of $9.47 million the same quarter last year.
Media General (MEG)
The media company reported its first quarter earnings for 2016. Net operating revenue totaled $343.4 million, up from $296.7 million the same quarter of 2015. The company reported a net loss of $25.7 million, compared to a net loss of $4.5 million the same quarter last year.
The company will hold a special meeting of shareholders related to hold a vote on the proposed merger with Nexstar Broadcasting Group on June 8 at 11 a.m. at 375 Park Ave., 36th floor, New York, NY, 10152. Related information is available here.
Performance Food Group (PFGC)
The Goochland-based foods distributor filed a prospectus that details annual compensation packages for several top executives. In 2015, the most recent year included, CEO George Holm received a total compensation package of $1.71 million, including a base salary of $1 million, non-equity incentive plan compensation totaling $682,500, and other compensation totaling $31,800.
WestRock (WRK)
The packaging giant reported its first quarter earnings for 2016. Net sales totaled $3.69 billion, up from $2.45 billion the same quarter of 2015. Net income totaled $59.8 million, down from $110.4 million the same three months last year.
Altria (MO)
Brian Quigley, CEO of Altria subsidiary U.S. Smokeless Tobacco Company, sold 3,000 shares of common stock at $63.66 per share for a profit of $190,980.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust reported its first quarter earnings for 2016. Revenues totaled $224.4 million, up from $210.3 million the first quarter of 2015. Profits totaled $34.6 million, down from $43.8 million the same three months last year.
Brink’s (BCO)
The armored car giant’s board appointed director George I. Stoeckert as interim CEO effective May 6. He replaces Tom Schievelbein, who retired the same day. Stoeckert will be paid $117,000 monthly during his tenure and will receive no compensation as a director. A release said a search for a permanent CEO is nearly complete.
Director Michael J. Herling was appointed non-executive chairman of the company.
CarMax (KMX)
The used car retailer filed a definitive proxy statement that details compensation packages for several top executives. In 2016, CEO Thomas Folliard received a total compensation package of $10.02 million, including a base salary of $1.25 million, stock option awards totaling $5.25 million, stock awards of $1.74 million, and other compensation.
The company will hold its annual shareholders meeting on June 28 at 1 p.m. at the Hilton Richmond Hotel, Short Pump, at 12042 W. Broad St. Related information is available here.
Community Bankers Trust (ESXB)
John Watkins, a director, acquired 1900 shares in two transactions at an average of $5.04 per share for a total of $9,576.
Dynex Capital (DX)
The mortgage REIT reported its first quarter earnings for 2016. Assets totaled $3.58 billion, up from $3.67 billion the same quarter of 2015. Liabilities totaled $3.1 billion, compared to $3.17 billion the year before. It reported a net loss of $37.43 million, compared to a net loss of $9.47 million the same quarter last year.
Media General (MEG)
The media company reported its first quarter earnings for 2016. Net operating revenue totaled $343.4 million, up from $296.7 million the same quarter of 2015. The company reported a net loss of $25.7 million, compared to a net loss of $4.5 million the same quarter last year.
The company will hold a special meeting of shareholders related to hold a vote on the proposed merger with Nexstar Broadcasting Group on June 8 at 11 a.m. at 375 Park Ave., 36th floor, New York, NY, 10152. Related information is available here.
Performance Food Group (PFGC)
The Goochland-based foods distributor filed a prospectus that details annual compensation packages for several top executives. In 2015, the most recent year included, CEO George Holm received a total compensation package of $1.71 million, including a base salary of $1 million, non-equity incentive plan compensation totaling $682,500, and other compensation totaling $31,800.
WestRock (WRK)
The packaging giant reported its first quarter earnings for 2016. Net sales totaled $3.69 billion, up from $2.45 billion the same quarter of 2015. Net income totaled $59.8 million, down from $110.4 million the same three months last year.