Apple REIT Companies
A class action suit filed against the company’s five REIT funds, their boards of directors and company executives was dismissed. The case had been filed in federal court by Apple REIT investors alleging that the companies and their New York broker misrepresented the value and risks related to investing in the funds.
CarMax (KMX)
Ronald Blaylock, a director, bought 700 shares at $42.40 per share for a total of $29,000.
The company released its latest proxy statement disclosing the compensation packages paid to its top seven executives last year.
President and chief executive Tom Folliard’s total compensation of $7.4 million last year far outpaced CarMax’s other top executives. His total included a $1.08 million base salary, $4.5 million in stock and option awards, $1.2 million in incentive pay and other perks. His perks included more than $100,000 worth of use on the company aircraft.
Joseph Kunkel, who left his position as a senior vice president in December, was the second highest paid on the list with $3.6 million in total compensation last year. That included $1.6 million in severance pay.
Genworth Financial (GNW)
The company released the total pay packages earned by its top four executives last year. Martin Klein, who was CFO and then became chief executive in February, received $3.4 million in total compensation last year. That included a $724,000 base salary, a $200,000 bonus, $1.5 million in stock and options awards, $800,000 in incentive and other perks.
Michael Frazier, who left his post as CEO in May, received $6.6 million in total compensation last year. That included a $582,000 base salary, $3.2 million in stock and options awards and $2.25 million in severance pay.
Apple REIT Companies
A class action suit filed against the company’s five REIT funds, their boards of directors and company executives was dismissed. The case had been filed in federal court by Apple REIT investors alleging that the companies and their New York broker misrepresented the value and risks related to investing in the funds.
CarMax (KMX)
Ronald Blaylock, a director, bought 700 shares at $42.40 per share for a total of $29,000.
The company released its latest proxy statement disclosing the compensation packages paid to its top seven executives last year.
President and chief executive Tom Folliard’s total compensation of $7.4 million last year far outpaced CarMax’s other top executives. His total included a $1.08 million base salary, $4.5 million in stock and option awards, $1.2 million in incentive pay and other perks. His perks included more than $100,000 worth of use on the company aircraft.
Joseph Kunkel, who left his position as a senior vice president in December, was the second highest paid on the list with $3.6 million in total compensation last year. That included $1.6 million in severance pay.
Genworth Financial (GNW)
The company released the total pay packages earned by its top four executives last year. Martin Klein, who was CFO and then became chief executive in February, received $3.4 million in total compensation last year. That included a $724,000 base salary, a $200,000 bonus, $1.5 million in stock and options awards, $800,000 in incentive and other perks.
Michael Frazier, who left his post as CEO in May, received $6.6 million in total compensation last year. That included a $582,000 base salary, $3.2 million in stock and options awards and $2.25 million in severance pay.