Trading Day: Inside the SEC filings for 4.19.12

Community Bankers Trust

The parent of Essex Bank released its proxy statement disclosing the total pay packages given to its top executives in 2011.

President and CEO Rex Smith received $238,634 in total pay last year, including a $205,000 base salary.

CFO Bruce Thomas received total compensation of $283,000. That included a $165,000 base salary and other perks.

John Oakey, general counsel, received $172,000 in total pay last year, including a $165,000 base salary.

William Saunders Jr., chief risk officer, received $180,000 in total compensation. That included a $152,000 base salary.

W. Thomas Townsend, chief credit officer, received $208,000 in total compensation last year. That includes a $180,000 base salary and a $20,000 signing bonus Thomas received when he joined the company in January.

CBTC announced that its annual shareholders meeting would be May 17 at the Richmond Marriott West in Glen Allen.

Dynex Capital
Barry Igdaloff, a director, exercised options for 5,000 shares at $9.02 per share. He now owns more than 327,000 shares.

Eastern Virginia Bankshares
The holding company of EVB released its proxy and the total compensation packages paid to its top executives last year.

President and CEO Joe Shearin received $434,000 in total compensation in 2011. That included a $296,000 base salary and other perks.

CFO J. Adam Sothen received $109,000 in total pay last year, including a $105,000 base salary.

COO Joseph James Jr. received $232,000 in total compensation last year. That consisted of a $174,000 base salary and other perks.

Douglas Taylor, chief risk officer, received $120,000 in total pay in 2011, including a $115,000 base salary.

James Thomas, chief credit officer, received $170,000 in total compensation in 2011, including a $142,000 base.

Douglas Haskett II, who resigned as CFO in August, received $105,000 in total compensation in 2011, consisting mostly of a $100,000 base salary.

EVB said its annual shareholders meeting would be May 17 at King William Ruritan Club in King William, Va.

Genworth Financial
Genworth appointed Kelly L. Groh, 44, as its principal accounting officer effective May 11. Groh has been with the company and its predecessors since 1996. She graduated from the University of Washington.

Groh replaces Amy Corbin, who will stay on as CFO of the company’s insurance and wealth management division.

Genworth also said it has set a new date for the proposed completion of the IPO of its Australian mortgage insurance business. It previously had sought to have it complete by the second quarter of this year. The delay is attributed to a struggling real estate and business climate in Australia.

MeadWestvaco
MWV said it expects the spinoff and merger of its consumer and office products division to ACCO Brands Corp. to close April 30. Upon completion of the merger, MWV stockholders will collectively own 50.5 percent of the shares of ACCO Brands common stock.

Community Bankers Trust

The parent of Essex Bank released its proxy statement disclosing the total pay packages given to its top executives in 2011.

President and CEO Rex Smith received $238,634 in total pay last year, including a $205,000 base salary.

CFO Bruce Thomas received total compensation of $283,000. That included a $165,000 base salary and other perks.

John Oakey, general counsel, received $172,000 in total pay last year, including a $165,000 base salary.

William Saunders Jr., chief risk officer, received $180,000 in total compensation. That included a $152,000 base salary.

W. Thomas Townsend, chief credit officer, received $208,000 in total compensation last year. That includes a $180,000 base salary and a $20,000 signing bonus Thomas received when he joined the company in January.

CBTC announced that its annual shareholders meeting would be May 17 at the Richmond Marriott West in Glen Allen.

Dynex Capital
Barry Igdaloff, a director, exercised options for 5,000 shares at $9.02 per share. He now owns more than 327,000 shares.

Eastern Virginia Bankshares
The holding company of EVB released its proxy and the total compensation packages paid to its top executives last year.

President and CEO Joe Shearin received $434,000 in total compensation in 2011. That included a $296,000 base salary and other perks.

CFO J. Adam Sothen received $109,000 in total pay last year, including a $105,000 base salary.

COO Joseph James Jr. received $232,000 in total compensation last year. That consisted of a $174,000 base salary and other perks.

Douglas Taylor, chief risk officer, received $120,000 in total pay in 2011, including a $115,000 base salary.

James Thomas, chief credit officer, received $170,000 in total compensation in 2011, including a $142,000 base.

Douglas Haskett II, who resigned as CFO in August, received $105,000 in total compensation in 2011, consisting mostly of a $100,000 base salary.

EVB said its annual shareholders meeting would be May 17 at King William Ruritan Club in King William, Va.

Genworth Financial
Genworth appointed Kelly L. Groh, 44, as its principal accounting officer effective May 11. Groh has been with the company and its predecessors since 1996. She graduated from the University of Washington.

Groh replaces Amy Corbin, who will stay on as CFO of the company’s insurance and wealth management division.

Genworth also said it has set a new date for the proposed completion of the IPO of its Australian mortgage insurance business. It previously had sought to have it complete by the second quarter of this year. The delay is attributed to a struggling real estate and business climate in Australia.

MeadWestvaco
MWV said it expects the spinoff and merger of its consumer and office products division to ACCO Brands Corp. to close April 30. Upon completion of the merger, MWV stockholders will collectively own 50.5 percent of the shares of ACCO Brands common stock.

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Bill
Bill
10 years ago

Community Bankers Trust owes the government $17 million plus past due dividends, still has $40 million in nonperforming loans, cannot pay a shareholder dividend, and pays its top 5 managers between $172,000 and $283,000 which includes substantial bonuses? Explain, please…