The used car retailer reported its third quarter earnings for fiscal year 2016. Total net sales and operating revenues totaled $3.7 billion, compared to $3.5 billion the same three months of 2015. Year-to-date revenue totaled $11.8 billion, up from $11.4 billion in 2015. Net earnings totaled $136 million, up from $128 million the same quarter last year. Year-to-date earnings totaled $474 million, down from $482 million last year.
Jill Livesay was appointed as vice president, controller and principal accounting officer. She was previously worked at Advance Auto Parts, serving as senior VP since 2013. Her annual base salary will be $375,000, among other compensation.
C&F Financial (CFFI)
Chairman and CEO Larry Dillon disposed of 110 shares as gifts.
Dynex Capital (DX)
Director Thomas Akin purchased 7,100 shares of common stock at $23.12 per share. He sold 130,070 shares at values ranging from $6.98 to $7.02.
New Market (NEU)
The petroleum-focused holding company reported that subsidiary Afton Chemical Corp. will acquire Mexico City-based Aditivos Mexicanos, S.A. de C.V., a petroleum additives manufacturing, sales and distribution company, for approximately $182.5 million. The transaction is expected to close during the first half of 2017.
The packaging giant released a definitive proxy statement that included annual compensations for several top executives. CEO Steven Voorhees received $10,737,456 in total compensation in 2016, including a salary of $1.125 million, $5.6 million in stock awards, $2 million in non-equity incentive plan compensation and other compensations.
Directors Stephen Felker and Lawrence Gellerstedt III will retire from the board effective Jan. 27. The board expects to reduce the number of directors from 14 to 12 effective on that date.
Xenith Bankshares (XBKS)
Director John S. Poelker gave notice that he’ll resign from the company’s board effective Dec. 31. He had been on the board since 2013.
Director James Burr acquired 300 shares at $29.66 per share for a total of nearly $9,000.