Trading Day: Inside the SEC filings for 1.13.11

Bank of Virginia
The bank said its newly appointed director Christopher Miller and its newly appointed general counsel Bruce Nolte resigned effective Dec. 31. Both came to the bank from Cordia Bancorp, which acquired controlling interest in BoVa in a deal that closed Dec. 13. Nolte’s tenure as general counsel was brief. He took the position on Dec. 14, the day after the Cordia deal closed. Miller became a member of the bank’s board upon the closing of the deal. The bank said both resigned for personal reasons. Nolte is the former CEO of Community Bankers Trust Corp., the Glen Allen parent of Essex Bank. Miller is Cordia’s former CFO and was a board member at Community Bankers Trust and one of its predecessors. He’s also the former CFO of locally-based smokeless tobacco company Star Scientific.

CarMax

In its quarterly report for its third fiscal quarter, CarMax gave some brief details in its plans to open new stores. It said thanks to improved conditions of its sales and profitability and the stability of the credit markets, it has opened three new stores in fiscal year 2011. It also has plan to open five stores in fiscal 2012 and between five and 10 stores in fiscal 2013.

Massey Energy
Massey’s subsidiary, Long Fork Coal Co., was issued an imminent danger order by the federal Mine Safety and Health Administration. The order stated that an independent contract construction worker was observed working near the edge of a 75 foot high wall without wearing a safety belt and line. No injuries resulted.

Owens & Minor
Anne Whittemore, a director, cashed out 1,006 shares of previously granted phantom stock for $29.56 per share or a total of $29,737.

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