Brink’s Co.
McAlister Marshall II, the company’s general counsel, sold 857 shares for $19,239 to satisfy the tax liability from restricted shares he recently acquired. Marshall owns more than 18,000 shares of Brink’s stock.
Director Murray Martin bought 7,500 shares for $22.42 per share, or $168,150.
Director Robert Strang purchased 5,000 shares for $22.59 per share, or $112,950.
CarMax
The company released its second quarter earnings for the period ending Aug. 31, announcing net income of $107.8 million, up from $102.9 million in the same period last year. The company reported profits of $349.1 million from revenue of $2.3 billion. That’s compared with $314 million in profit and revenue of $2.07 in the second quarter of last year. CarMax said it plans to open three new locations in the next 12 months in California, Kentucky and Louisiana. Read some comments from CEO Tom Folliard here.
Central Virginia Bankshares
Several of the company’s executives purchased shares as part of a voluntary cash contribution to its dividend reinvestment and stock purchase plan. Among them, outgoing President and CEO Larry Lyons bought 135 shares for $1.85 per share.
Colfax
The company named Scott Brannan as its new CFO on Sept. 21, effective Oct. 18. He replaces Scott Faison. In addition to a $350,000 base salary, Brannan will receive stock options valued at $375,000 and performance restricted stock units valued at $75,000.
Although he is out as CFO, Faison has a new arrangement as a consultant to Coflax. According to the consulting agreement, Faison will remain a paid employee until Nov. 15. He then will become a financial adviser to company through Feb. 28 or until Colfax files its year-end financials. He will be paid $275 per hour for his services for a minimum of 104 hours per month during that time. He stands to make at least $85,000 during that period. He also has options for 62,504 shares of the company’s stock coming to him.
A. Clayton Perfall was appointed to the Colfax board to fill the vacancy created by Brennan’s departure to the CFO role. He will be compensated with a $35,000 annual cash retainer, 5,556 restricted stock units and a $60,000 restricted stock equity award.
Dynex Capital
Director Daniel Osborne sold 10,000 shares for $105,900. He still directly owns 5,000 shares of Dynex shares. Osborne also indirectly owns more than 11,000 shares which are held by Vantage Pointe Capital Partners in Arizona.
The REIT’s board also authorized the company to redeem all 4.2 million outstanding shares of its Series D Preferred Stock. Each holder of Series D shares will receive on share of Dynex common stock. Dynex expects the redemption to be completed by Oct. 15. The redemption was triggered after the company’s stock closed at $10 per share or higher for 20 out of 30 consecutive trading days.
Eastern Virginia Bankshares
The company’s board on Sept.16 appointed Douglas C. Haskett II as principal accounting officer. Haskett has served as CFO since June 30 and will also continue in this capacity.
Markel
Vice Chairman Steven Markel disposed of 100 shares of the company’s stock as gifts. He directly owns more than 200,000 shares of Markel stock.
Anthony Markel, also a vice chairman, sold 80 shares for $341.01 per share, or $27,280. The shares were owned by a charitable trust.
Media General
CFO John Schauss received 46 shares of phantom stock that will be payable in cash upon his termination of service to the company. Schauss directly owns more than 10,000 shares of MG stock.
President and CEO Marshall Morton received 222 shares of phantom stock. They will also convert to cash upon Morton leaving the company. He directly owns more than 47,000 MG shares.
Xenith Bankshares
Wellington Cottrell III, the company’s chief credit officer, bought 200 shares for $5.99 per share. He owns more than 18,000 Xenith shares.
Director Brian Jones bought 1,000 shares for about $6,000.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].
Brink’s Co.
McAlister Marshall II, the company’s general counsel, sold 857 shares for $19,239 to satisfy the tax liability from restricted shares he recently acquired. Marshall owns more than 18,000 shares of Brink’s stock.
Director Murray Martin bought 7,500 shares for $22.42 per share, or $168,150.
Director Robert Strang purchased 5,000 shares for $22.59 per share, or $112,950.
CarMax
The company released its second quarter earnings for the period ending Aug. 31, announcing net income of $107.8 million, up from $102.9 million in the same period last year. The company reported profits of $349.1 million from revenue of $2.3 billion. That’s compared with $314 million in profit and revenue of $2.07 in the second quarter of last year. CarMax said it plans to open three new locations in the next 12 months in California, Kentucky and Louisiana. Read some comments from CEO Tom Folliard here.
Central Virginia Bankshares
Several of the company’s executives purchased shares as part of a voluntary cash contribution to its dividend reinvestment and stock purchase plan. Among them, outgoing President and CEO Larry Lyons bought 135 shares for $1.85 per share.
Colfax
The company named Scott Brannan as its new CFO on Sept. 21, effective Oct. 18. He replaces Scott Faison. In addition to a $350,000 base salary, Brannan will receive stock options valued at $375,000 and performance restricted stock units valued at $75,000.
Although he is out as CFO, Faison has a new arrangement as a consultant to Coflax. According to the consulting agreement, Faison will remain a paid employee until Nov. 15. He then will become a financial adviser to company through Feb. 28 or until Colfax files its year-end financials. He will be paid $275 per hour for his services for a minimum of 104 hours per month during that time. He stands to make at least $85,000 during that period. He also has options for 62,504 shares of the company’s stock coming to him.
A. Clayton Perfall was appointed to the Colfax board to fill the vacancy created by Brennan’s departure to the CFO role. He will be compensated with a $35,000 annual cash retainer, 5,556 restricted stock units and a $60,000 restricted stock equity award.
Dynex Capital
Director Daniel Osborne sold 10,000 shares for $105,900. He still directly owns 5,000 shares of Dynex shares. Osborne also indirectly owns more than 11,000 shares which are held by Vantage Pointe Capital Partners in Arizona.
The REIT’s board also authorized the company to redeem all 4.2 million outstanding shares of its Series D Preferred Stock. Each holder of Series D shares will receive on share of Dynex common stock. Dynex expects the redemption to be completed by Oct. 15. The redemption was triggered after the company’s stock closed at $10 per share or higher for 20 out of 30 consecutive trading days.
Eastern Virginia Bankshares
The company’s board on Sept.16 appointed Douglas C. Haskett II as principal accounting officer. Haskett has served as CFO since June 30 and will also continue in this capacity.
Markel
Vice Chairman Steven Markel disposed of 100 shares of the company’s stock as gifts. He directly owns more than 200,000 shares of Markel stock.
Anthony Markel, also a vice chairman, sold 80 shares for $341.01 per share, or $27,280. The shares were owned by a charitable trust.
Media General
CFO John Schauss received 46 shares of phantom stock that will be payable in cash upon his termination of service to the company. Schauss directly owns more than 10,000 shares of MG stock.
President and CEO Marshall Morton received 222 shares of phantom stock. They will also convert to cash upon Morton leaving the company. He directly owns more than 47,000 MG shares.
Xenith Bankshares
Wellington Cottrell III, the company’s chief credit officer, bought 200 shares for $5.99 per share. He owns more than 18,000 Xenith shares.
Director Brian Jones bought 1,000 shares for about $6,000.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].