C&F Financial (CFFI)
The company declared a cash dividend of $0.29 per common share, payable April 1 to shareholders of record on March 14.
Bryan McKernon, president of the company’s mortgage operations, sold 225 shares at $36.17 per share for a total of $8,100.
Anthony Markel, vice chairman, sold 51 shares at $572.58 per share for a total sale of $29,200.
The company disclosed that President James Buzzard is no longer in that role as of Feb. 21. It said it anticipates that he will remain an employee of MeadWestvaco until March 31.
CFO David Fiorenza sold 700 shares at $367.27 per share for a total sale of $257,000.
Tredegar Corp. (TG)
At the urging of some of its most powerful shareholders, the company appointed three new directors to its board. They include Kenneth R. Newsome, Gregory A. Pratt, and Carl E. Tack, III.
The company also announced that Austin Brockenbrough III, who has served on the Tredegar board since 1993, will retire from the board upon the expiration of his current term at the 2014 annual meeting.
Newsome is CEO and president of Richmond-based AMF Bakery Systems and a University of Virginia alum.
Pratt has nearly two decades of manufacturing and distribution experience in the steel and technology industries. He is currently chairman and former CEO of the Carpenter Technology Corp. He is a graduate of Cheyney University and the Wharton School at the University of Pennsylvania.
Tack is currently a visiting professor for the Marshall Wythe School of Law and an adjunct professor for the Mason School of Business at the College of William & Mary. He was also an investment banker for 25 years, retiring as a vice-chairman at Deutsche Bank. He holds degrees from William & Mary and the University of Chicago Law School.
Local businessmen John Gottwald and William Gottwald, who pushed the company toward bringing on new directors, issued a statement expressing confidence in the new appointees.
Union First Market Bankshares (UBSH)
John Neal, an executive vice president, sold 4,000 shares at $24.75 each for a total of $99,000.