Director Rakesh Gangwal announced he will not seek re-election to the board when his term expires at this year’s annual shareholders meeting.
Community Bankers Trust (ESXB)
The company appointed William Hardy to its board of directors and the board of its Essex Bank subsidiary. Hardy fills a seat vacated by director Glenn Dozier, who resigned from the company’s board as of March 13, due to health reasons.
Hardy acquired 8,000 shares of the company’s stock at $8.10 per share and an additional 800 shares at $8 apiece.
The power utility entered into an underwriting agreement with Morgan Stanley for the sale of $100,000 aggregate principal amount of its 2015 Series B Senior Notes.
The insurance underwriter’s annual shareholders meeting will be held May 15 at 4:30 p.m. at the Altria Theater at 6 N. Laurel St. Information about the meeting is available here.
The information includes a proxy statement that lists the annual compensations of several top executives. Executive Chairman Alan Kirshner received $2.36 million in total compensation, including $900,000 in salary, $720,000 in stock awards and $720,000 in non-equity incentive plan compensation. Co-CEOs Thomas Gaynor and Richard Whitt III each received $2.35 million in total compensation, including $807,692 in salary, $760,000 in stock awards and $760,000 in non-equity incentive plan compensation.