Senior VP and general counsel McAlister Marshall received a salary increase due to his expanded role as interim chief human resources officer. His annual base salary increased from $421,000 to $463,100, among other compensation adjustments.
Marshall also acquired 5,073 shares of common stock valued at $40.60 per share.
Director Betty Alewine announced she will step down from the board Jan. 6.
C&F Financial (CFFI)
Director Charles Olsson disposed of 420 shares as gifts.
Dynex Capital (DX)
The mortgage REIT entered into a new employment agreement with CEO Byron Boston that includes an initial service term through Dec. 31, 2019. The term will be automatically extended an additional year on that date unless the company or Boston gives notice of non-renewal. Boston will receive an annual minimum base salary of $675,000.
Genworth Financial (GNW)
The insurance giant increased the size of its board of directors to 10 and elected Debra J. Perry and Robert P. Restrepo Jr. to serve as new directors. Perry, 65, worked at Moody’s Corp. from 1992 to 2004. She has a B.A. in history from the University of Wisconsin and a master’s in European history from Yale University.
Restrepo, 66, retired as chairman, president and CEO of State Auto Financial Corp. in 2015. He has an English degree from Yale University.
Vice chairman Michael Crowley sold 804 shares of common stock at $879.65 for a total of $707,238.
Union Bankshares (UBSH)
Out-going CEO Billy Beale exercised options for 18,400 shares at $16.45 per share. He then sold the shares at market price for $35.73 apiece, totaling $657,000.
Village Bank & Trust Financial (VBFC)
The parent of Village Bank announced a slate of new hires in its executive ranks. See the full list here.
Xenith Bankshares (XBKS)
The parent of Xenith Bank announced a reverse stock split at a ratio of 1-for-10, meaning each Xenith stockholder will get 1 share for every 10 they own. The split took effect Dec. 13 and reduced the company’s outstanding shares from 230.9 million to 23.09 million.