Altria (MO)
Director Elizabeth E. Bailey notified the company of her decision to retire from the board following the Altria annual meeting in May. She had been a director at Altria since 1989.
The company’s board approved new base salaries for its top five executives that go into effect March 1. Chief executive Martin Barrington’s salary was set at $1.2 million. The others are: COO David Beran, $908,000; Altria Group Distribution President Craig Johnson, $825,000; General Counsel Denise Keane, $863,000; and CFO Howard Willard III, $651,000.
The company also set annual cash incentive awards for the top five including: $2.5 million for Barrington; $1.3 million for Beran; $900,000 for Johnson; Keane $1.05 million for Keane; and $750,000 for Willard.
Apple REITs
MacKenzie Capital Management, a West Coast investment firm has made another offer to buy shares from Apple REIT shareholders. It is looking to 400,000 shares of Apple REIT Eight at $3.50 per share through March 23, and 1 million shares of Apple REIT Six at $8.50 per share. MacKenzie has made several offers to shareholders of Apple REIT various funds over the last two years.
Apple REIT Ten entered into a purchase contract for the potential purchase of 310-room Marriott hotel in Fairfax, Va. for $34 million.
CarMax (KMX)
Director Vivian M. Stephenson notified the company she will be retiring from the board effective Jan. 29.
CarMax announced a $500 million extension of its existing share repurchase program for the company’s outstanding common stock through Dec. 31, 2014. The extension is in addition to the previously announced $300 million repurchase approved in October.
Community Bankers Trust (BTC)
L. McCauley Chenault, a director, resigned from the board effective Jan. 31. Chenault had been a director of the company and its predecessors since 1987.
NewMarket Corp. (NEV)
Mark Gambill, a director, bought 500 shares at $256.07 per share, a total purchase of $128,00.
Director Patrick Hanley bought 200 shares at $256.17 each, a total of $51,000.
Union First Market Bankshares (UBSH)
Union declared a quarterly dividend of $0.13 per share, payable on March 1 to shareholders of record as of Feb. 15.
Universal Corp. (UVV)
CFO David Moore exercised options for 5,000 shares at $39.71 per share. He then sold 4,144 shares at market price for $55 per share for a total of $227,000.
Universal declared a quarterly dividend of $0.50 per common share payable May 13 to shareholders of record at the close of business on April 8.
It also declared a quarterly dividend of $16.87 per share on its Series B Preferred Stock, payable March 15, to shareholders of record as of 5 p.m. on March 1.
Altria (MO)
Director Elizabeth E. Bailey notified the company of her decision to retire from the board following the Altria annual meeting in May. She had been a director at Altria since 1989.
The company’s board approved new base salaries for its top five executives that go into effect March 1. Chief executive Martin Barrington’s salary was set at $1.2 million. The others are: COO David Beran, $908,000; Altria Group Distribution President Craig Johnson, $825,000; General Counsel Denise Keane, $863,000; and CFO Howard Willard III, $651,000.
The company also set annual cash incentive awards for the top five including: $2.5 million for Barrington; $1.3 million for Beran; $900,000 for Johnson; Keane $1.05 million for Keane; and $750,000 for Willard.
Apple REITs
MacKenzie Capital Management, a West Coast investment firm has made another offer to buy shares from Apple REIT shareholders. It is looking to 400,000 shares of Apple REIT Eight at $3.50 per share through March 23, and 1 million shares of Apple REIT Six at $8.50 per share. MacKenzie has made several offers to shareholders of Apple REIT various funds over the last two years.
Apple REIT Ten entered into a purchase contract for the potential purchase of 310-room Marriott hotel in Fairfax, Va. for $34 million.
CarMax (KMX)
Director Vivian M. Stephenson notified the company she will be retiring from the board effective Jan. 29.
CarMax announced a $500 million extension of its existing share repurchase program for the company’s outstanding common stock through Dec. 31, 2014. The extension is in addition to the previously announced $300 million repurchase approved in October.
Community Bankers Trust (BTC)
L. McCauley Chenault, a director, resigned from the board effective Jan. 31. Chenault had been a director of the company and its predecessors since 1987.
NewMarket Corp. (NEV)
Mark Gambill, a director, bought 500 shares at $256.07 per share, a total purchase of $128,00.
Director Patrick Hanley bought 200 shares at $256.17 each, a total of $51,000.
Union First Market Bankshares (UBSH)
Union declared a quarterly dividend of $0.13 per share, payable on March 1 to shareholders of record as of Feb. 15.
Universal Corp. (UVV)
CFO David Moore exercised options for 5,000 shares at $39.71 per share. He then sold 4,144 shares at market price for $55 per share for a total of $227,000.
Universal declared a quarterly dividend of $0.50 per common share payable May 13 to shareholders of record at the close of business on April 8.
It also declared a quarterly dividend of $16.87 per share on its Series B Preferred Stock, payable March 15, to shareholders of record as of 5 p.m. on March 1.