Trading Day: Inside SEC filings for 11.26.10

Altria Group
Altria entered into a $600 million 364-day credit agreement with JPMorgan Chase Bank, and Citibank. The credit line is guaranteed by Altria’s subsidiary Philip Morris USA.

Nancy Brennan, a senior vice president, exercised options to acquire a total of 40,379 shares for $768,481. She then sold 35,000 shares for $864,000. Brennan still owns more than 200,000 shares of Altria stock.

Apple REIT Nine
The real estate investment trust said it closed on the $317.8 million purchase of 18 hotels in Indiana, Arizona, Illinois, Texas, Michigan, Utah, Pennsylvania, Massachusetts and Florida.

It has also entered into a $65 million purchase contracts for the potential acquisition of four hotels. A number of conditions must first be met before the deal closes.

The Brink’s Co.
Brink’s said it acquired Mexcian firm Servicio Pan Americano de Proteccion for approximately $60 million. SPP is the largest secure logistics company in Mexico, with annual revenue of approximately $385 million and that Mexico’s cash-in-transit market is the fifth largest in the world. SPP has approximately 12,000 employees, 80 branches and 1,350 armored vehicles. Brink’s has owned a 21 percent stake in SPP since 1965. Brink’s expects SPP to add approximately $60 million of revenue during the remainder of 2010.

C&F Financial Corp.
The board declared a cash dividend of 25 cents per common share payable Jan. 1, 2011 to shareholders of record on December 15.

Central Virginia Bankshares
CVB said it received approval to move its stock from the Nasdaq Global Market to the Nasdaq Capital Market. CVB in July received a letter from Nasdaq of potential delisting of its stock because its market cap had fallen below the $5 million limit of the Global Market. Nasdaq’s Capital Market has a smaller market cap limit.

Community Bankers Trust Corp.

Director Richard Bozard bought 2,500 shares for $2,190. He now owns more than 7,200 shares.

Robin Traywick Williams, a director, bought 1,500 shares for $1,290. Williams now owns more than 10,000 shares of CBTC stock.

Dominion Resources

Director Robert Spilman bought 46 shares for $43.46 per share.

Genworth Financial
Genworth said it completed a public offering of $400 million of its 7.20 percent senior notes due 2021. Interest on the notes will be payable semiannually on February 15 and August 15 of each year beginning in 2011. The company said it will use the proceeds to repay outstanding debt on two five-year credit lines.

Massey Energy
The company entered into a 3-year retention and employment agreement with COO John Adkins that will increase his base salary from $450,000 to $550,000. He will also be due an annual cash bonus award worth a minimum of $500,000; an annual performance-based restricted unit bonus equal to $300,000; an annual Long-term Incentive of not less than $715,000; an on-going annual special performance award not less than $385,000; reimbursement for up to $10,000 annually for reasonable and customary accounting, tax and financial planning; and a variety of other post employment and change in control payments.

NewMarket

The company entered into a new $300 million five-year credit line with JPMorgan Chase Bank, PNC Bank, Bank of America, and RBS Citizens. NewMarket said the money will allow it to grow its business and to execute its long term business plans.

The company’s top executives each exercised options to acquire shares and then sold the shares on the open market. Among them, President and CEO Thomas Gottwald exercised options to acquire 15,000 share for $4.35 per share or $65,250. He then sold the shares for $1.77 million.

Owens & Minor

Director John Crotty exercised options to acquire 7,500 for $16.05 per share or $120,375.

SouthPeak Interactive
Reba McDermott resigned as Chief Financial Officer of SouthPeak Interactive Corporation, effective as of the close of business on November 15, 2010.

Star Scientific
Director Leo Tonkin was awarded options for 50,000 shares at $1.75 per share. The options expire in 2020.

Union First Market Bankshares
Director Douglas Caton sold 2,500 shares for $12.55 each or $31,375. He then sold another 3,839 shares for $12.99 each or $49,000.

CFO Anthony Peay and executive vice president Rex Hockemeyer each bought eight shares for $12.59 per share.

Universal Corp.
Chairman, President and CEO George Freeman III disposed of 350 shares as gifts.

Xenith Bank
The company filed an initial registration statement related to a planned stock offering that will look to raise up to $42 million. We intend to contribute all of the net proceeds to our subsidiary, Xenith Bank, and intend for Xenith Bank to use the contributed proceeds primarily to fund organic growth of loans to customers in our target markets, for continued investment in our infrastructure and personnel and for other general business purposes, which may include acquisitions.

Michael Schwartz is a BizSense reporter. Please send news tips to [email protected]

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