Capital World Investors, a Los Angeles-based institutional investor, increased its ownership of CarMax stock to 24 million shares or 10.8 percent of shares outstanding. That’s an increased stake in CarMax of about 4 million shares for Capital World since Dec. 31.
Community Bankers Trust Corp.
Former CEO George Longest resigned from the board effective Sept. 30. Longest was the head of the company until its recently announced restructuring. The company said at the time that Longest was to take a non-management position within its Essex Bank subsidiary.
Another director, Philip T. Minor, announced he will retire from the board effective Dec. 31. Minor, 75, has been a director of the company and its predecessor banks since 1974. According to the company’s proxy, Minor is a partner in Philip Minor Farms in St. Stephens Church, Va.
At a meeting Oct. 7, the company’s board increased its size to 10 directors. William H. Bolinder was elected as a new director. Bolinder is a former CEO of Acadia Trust and Zurich American Insurance. He will receive Genworth’s standard non-management director annual retainer of $190,000, of which $76,000 will be paid in cash and $114,000 will be paid in deferred stock units
At a special meeting Oct. 6, Massey shareholders voted on several provisions, including declassifying the board of directors and the increase of authorized shares of common stock to 300,000,000 shares.
Massey also disclosed that a contractor at a mine operated by its Cloverlick Coal Co. subsidiary was issued an imminent danger order under new provisions of the Federal Mine Safety and Health Act of 1977. No injuries resulted from the condition described in the order, which was related to a contract worker not using proper body harness equipment.
Director Dan Moore received 68 shares of phantom stock valued at about $2,400. The shares will eventually be settled in cash or Massey common stock.
BlackRock, a New York-based institutional investor, decreased its stake in NewMarket by more than 100,000 shares since the end of 2009. As of Sept. 30, BlackRock owned 710,430 shares of NewMarket stock or 4.94 percent of its outstanding share. That compares with the 832,000 BlackRock owned as of Dec. 31.