Brink’s Co.
Reginald Hedgebeth, who was named to the Brink’s board of directors in July, was appointed as a member of the board’s compensation and benefits committee, and corporate governance and nominating committee, effective Sept. 9.
Dynex Capital
As part of moving Byron Boston, the company’s chief investment officer from Florida to Richmond, Dynex reported that it gave Boston a sweet relocation package. The company will reimburse him for the costs related to shipping his household goods and vehicles from Jacksonville, Fla. to Richmond. He’ll receive reimbursement for living expenses in Richmond until his Florida home is old or until Sept. 30, whichever comes first. He’ll get reimbursed for three house-hunting trips he made to Richmond. Boston’s deal gives him reimbursement of costs related to the sale of his home and closing costs on the purchase of a new home in Richmond, up to $90,000. The agreement also calls for Dynex to purchase Boston’s Florida home for $811,000 if a sale contract is not executed by Oct. 31. If Dynex then sells the house for more than the $811,000, Boston will be awarded the difference, up to $174,000. If Mr. Boston leaves the company before Dec. 31, he’d have to pay the $811,000 back to Dynex.
Boston also received 35,000 shares at no cost as a restricted stock award. He also purchased 2,297 shares for around $19,000.
Chairman and CEO Thomas Akin bought 50,000 shares at $8.49 each, a total of $424,500.
Star Scientific
Director Neil Chayet was granted options for 50,000 shares at an exercise price of $2.29 per share. The options expire in 2021.
Universal Corp.
The General Court of the European Union rejected Universal Corp.’s appeal of a $41 million fine levied against its Italian subsidiary Deltafina. The fine dates back to an investigation in 2002 related to the leaf tobacco markets in Italy. Universal initially received immunity in the case, but it was later revoked. Universal said it will evaluate whether to file another appeal. In the meantime, it will likely accrue a $49 million charge related to the case during the third quarter.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].
Brink’s Co.
Reginald Hedgebeth, who was named to the Brink’s board of directors in July, was appointed as a member of the board’s compensation and benefits committee, and corporate governance and nominating committee, effective Sept. 9.
Dynex Capital
As part of moving Byron Boston, the company’s chief investment officer from Florida to Richmond, Dynex reported that it gave Boston a sweet relocation package. The company will reimburse him for the costs related to shipping his household goods and vehicles from Jacksonville, Fla. to Richmond. He’ll receive reimbursement for living expenses in Richmond until his Florida home is old or until Sept. 30, whichever comes first. He’ll get reimbursed for three house-hunting trips he made to Richmond. Boston’s deal gives him reimbursement of costs related to the sale of his home and closing costs on the purchase of a new home in Richmond, up to $90,000. The agreement also calls for Dynex to purchase Boston’s Florida home for $811,000 if a sale contract is not executed by Oct. 31. If Dynex then sells the house for more than the $811,000, Boston will be awarded the difference, up to $174,000. If Mr. Boston leaves the company before Dec. 31, he’d have to pay the $811,000 back to Dynex.
Boston also received 35,000 shares at no cost as a restricted stock award. He also purchased 2,297 shares for around $19,000.
Chairman and CEO Thomas Akin bought 50,000 shares at $8.49 each, a total of $424,500.
Star Scientific
Director Neil Chayet was granted options for 50,000 shares at an exercise price of $2.29 per share. The options expire in 2021.
Universal Corp.
The General Court of the European Union rejected Universal Corp.’s appeal of a $41 million fine levied against its Italian subsidiary Deltafina. The fine dates back to an investigation in 2002 related to the leaf tobacco markets in Italy. Universal initially received immunity in the case, but it was later revoked. Universal said it will evaluate whether to file another appeal. In the meantime, it will likely accrue a $49 million charge related to the case during the third quarter.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].