Apple REIT Eight
The downtown-based hotel REIT received a $60 million credit line from KeyBank. The company immediately borrowed $48 million of that money to pay its balances on two previously existing credit lines. The remaining $12 million will be used for general corporate purposes, including capital expenditures, redemptions and distributions to shareholders.
Brink’s Co.
The armored car giant released its latest proxy, disclosing compensation for its top executives in 2011.
Former chairman, president and CEO Michael Dan received $10.97 million in total compensation in 2011. Dan, who retired at the end of 2011, received a $1.08 million base salary, a $1.1 million bonus, millions in other compensation such as stock and option awards, and $4 million as part of a succession agreement.
Interim president and CEO Thomas Schievelbein received total pay of $110,000?? Seems low in 2011. CFO Joseph Dziedzic received $1.43 million; Vice President Ronald Rokosz, $1.17 million; chief administrative officer Frank Lennon, $1.34 million; and general counsel McAlister Marshall II received $1.03 million. Those totals included base salary, bonuses and other perks.
Brink’s also said its annual shareholders meeting will be at 10 a.m. May 4 at the office of Troutman Sanders at 1001 Haxall Point, Floor 15.
CarMax
Michael Dolan, CarMax’s chief administrative officer, told the company he would retire effective July 20.
Dynex Capital
Director James Wheat III bought 20,000 shares at about $9.31 each for a total of $186,000.
President and CIO Byron Boston received 25,143 shares of restricted stock at no cost as part of a performance bonus plan. Under the same plan, Chairman and CEO Thomas Akin received 17,959 shares of restricted stock, and COO and CFO Stephen Benedetti received 12,571 shares.
Genworth Financial
Director Robert “Bob” Kerrey resigned from the Genworth board effective March 14 in order to pursue his campaign for the U.S. Senate representing Nebraska.
James River Coal
JRC released its proxy disclosing the details of compensation paid to its top executives in 2011.
Chairman, President and CEO Peter Socha received $1.71 million in total compensation last year, including a $765,000 base salary, a $350,000 bonus and other awards and perks.
The total pay packages given to JRC’s remaining named top executives in 2011: $1.38 million to COO Coy Lane Jr., $412,000 to chief commercial officer Michael Weber and $1.08 million to chief accounting officer Samuel Hopkins II.
The company said its annual shareholders meeting would be at 10 a.m. April 23 at its headquarters at 901 E. Byrd St.
Markel
The local specialty insurer released its proxy and the pay packages for its top insiders.
Chairman and CEO Alan Kirshner received $672,000 in total compensation in 2011. That included a $650,000 base salary.
The total pay packages given to Markel’s remaining named top executives in 2011: $641,000 to Vice Chairman Steve Markel; $1.95 million to President and co-COO Michael Crowley; $573,000 to Chief Investment Officer Thomas Gayner; $572,000 to co-COO Richard Whitt III and $923,000 to CFO Anne Waleski. Those totals included base salaries and other forms of compensation.
Crowley also sold 550 shares for $424.50 per share, or $233,475. He still owns almost 8,000 shares.
Vice Chairman Anthony Markel sold 69 shares for $422.39 each. The shares were held in a trust. He directly owns more than 74,000 shares.
Markel also announced that its annual shareholders meeting would be at 4:30 p.m. May 14 at Richmond CenterStage.
MeadWestvaco
MWV’s proxy showed an $8.98 million pay package for Chairman and CEO John Luke Jr. That included a $1.05 million base salary, $1.48 million in option awards and other perks including $73,331 charges for home security services paid by the company.
MWV’s other top executives received the following total pay packages: $2.68 million to CFO E. Mark Rajkowski; $4.94 million to President James Buzzard; $2.57 million to general counsel Wendell Willkie II and $2.36 million to Robert Feeser, a senior vice president. Those totals include salaries, options, awards and other perks. Feeser, for example, was given a $150,000 relocation benefit from the company to cover a portion of the loss he incurred selling his home to relocate to Richmond.
MWV said its annual shareholders meeting would be at 11 a.m. April 23 at the Waldorf Astoria Hotel in New York.
Media General
The parent of the Richmond Times-Dispatch reached an agreement with its lenders to amend the terms of $363 million in loans that were coming due next year. The new agreement buys the company some time until March 2015. Media General will have to raise at least $225 million through the sale of bonds to help pay down part of its existing loan. Its interest costs will be higher in 2012 as a result.
NewMarket
NewMarket entered into a $650 million, five-year credit agreement with J.P. Morgan, RBS Citizens and other large banks. The company said it would use a portion of the credit line to redeem $150 million in senior notes and to repay a $63 million mortgage secured by its Found Park I office.
Xenith Bankshares
Director Michael Mancusi bought 5,000 shares for about $4.28 each.
Apple REIT Eight
The downtown-based hotel REIT received a $60 million credit line from KeyBank. The company immediately borrowed $48 million of that money to pay its balances on two previously existing credit lines. The remaining $12 million will be used for general corporate purposes, including capital expenditures, redemptions and distributions to shareholders.
Brink’s Co.
The armored car giant released its latest proxy, disclosing compensation for its top executives in 2011.
Former chairman, president and CEO Michael Dan received $10.97 million in total compensation in 2011. Dan, who retired at the end of 2011, received a $1.08 million base salary, a $1.1 million bonus, millions in other compensation such as stock and option awards, and $4 million as part of a succession agreement.
Interim president and CEO Thomas Schievelbein received total pay of $110,000?? Seems low in 2011. CFO Joseph Dziedzic received $1.43 million; Vice President Ronald Rokosz, $1.17 million; chief administrative officer Frank Lennon, $1.34 million; and general counsel McAlister Marshall II received $1.03 million. Those totals included base salary, bonuses and other perks.
Brink’s also said its annual shareholders meeting will be at 10 a.m. May 4 at the office of Troutman Sanders at 1001 Haxall Point, Floor 15.
CarMax
Michael Dolan, CarMax’s chief administrative officer, told the company he would retire effective July 20.
Dynex Capital
Director James Wheat III bought 20,000 shares at about $9.31 each for a total of $186,000.
President and CIO Byron Boston received 25,143 shares of restricted stock at no cost as part of a performance bonus plan. Under the same plan, Chairman and CEO Thomas Akin received 17,959 shares of restricted stock, and COO and CFO Stephen Benedetti received 12,571 shares.
Genworth Financial
Director Robert “Bob” Kerrey resigned from the Genworth board effective March 14 in order to pursue his campaign for the U.S. Senate representing Nebraska.
James River Coal
JRC released its proxy disclosing the details of compensation paid to its top executives in 2011.
Chairman, President and CEO Peter Socha received $1.71 million in total compensation last year, including a $765,000 base salary, a $350,000 bonus and other awards and perks.
The total pay packages given to JRC’s remaining named top executives in 2011: $1.38 million to COO Coy Lane Jr., $412,000 to chief commercial officer Michael Weber and $1.08 million to chief accounting officer Samuel Hopkins II.
The company said its annual shareholders meeting would be at 10 a.m. April 23 at its headquarters at 901 E. Byrd St.
Markel
The local specialty insurer released its proxy and the pay packages for its top insiders.
Chairman and CEO Alan Kirshner received $672,000 in total compensation in 2011. That included a $650,000 base salary.
The total pay packages given to Markel’s remaining named top executives in 2011: $641,000 to Vice Chairman Steve Markel; $1.95 million to President and co-COO Michael Crowley; $573,000 to Chief Investment Officer Thomas Gayner; $572,000 to co-COO Richard Whitt III and $923,000 to CFO Anne Waleski. Those totals included base salaries and other forms of compensation.
Crowley also sold 550 shares for $424.50 per share, or $233,475. He still owns almost 8,000 shares.
Vice Chairman Anthony Markel sold 69 shares for $422.39 each. The shares were held in a trust. He directly owns more than 74,000 shares.
Markel also announced that its annual shareholders meeting would be at 4:30 p.m. May 14 at Richmond CenterStage.
MeadWestvaco
MWV’s proxy showed an $8.98 million pay package for Chairman and CEO John Luke Jr. That included a $1.05 million base salary, $1.48 million in option awards and other perks including $73,331 charges for home security services paid by the company.
MWV’s other top executives received the following total pay packages: $2.68 million to CFO E. Mark Rajkowski; $4.94 million to President James Buzzard; $2.57 million to general counsel Wendell Willkie II and $2.36 million to Robert Feeser, a senior vice president. Those totals include salaries, options, awards and other perks. Feeser, for example, was given a $150,000 relocation benefit from the company to cover a portion of the loss he incurred selling his home to relocate to Richmond.
MWV said its annual shareholders meeting would be at 11 a.m. April 23 at the Waldorf Astoria Hotel in New York.
Media General
The parent of the Richmond Times-Dispatch reached an agreement with its lenders to amend the terms of $363 million in loans that were coming due next year. The new agreement buys the company some time until March 2015. Media General will have to raise at least $225 million through the sale of bonds to help pay down part of its existing loan. Its interest costs will be higher in 2012 as a result.
NewMarket
NewMarket entered into a $650 million, five-year credit agreement with J.P. Morgan, RBS Citizens and other large banks. The company said it would use a portion of the credit line to redeem $150 million in senior notes and to repay a $63 million mortgage secured by its Found Park I office.
Xenith Bankshares
Director Michael Mancusi bought 5,000 shares for about $4.28 each.
Third time asking for ticker symbols in this section. It would save me time in further research.