The Brink’s Co. (BCO)
The armored transport company announced organizational changes that it said are designed to “accelerate the execution of its strategy and ensure the achievement of 2015 and 2016 financial targets. The changes include realigning its four geographic segments into two operating segments. One will include the operations of its five largest markets: the U.S., France, Mexico, Brazil and Canada. The other will encompass its remaining global operations in 37 countries.
It’s rearranging its country-based support functions in IT, HR, finance, legal and other departments. It did not specify how many jobs will be affected by those moves. Other moves include appointing Mike Beech to oversee the five largest markets. Amit Zukerman will assume responsibility for all other country operations. CFO Joe Dziedzic will assume additional responsibility for the company’s Global Payments business.
It said it expects cost savings of $10 million to $15 million in 2015 as a result of the changes. Brink’s said additional cost reduction initiatives are planned and will be disclosed in the first quarter of 2015.
Community Bankers Trust (ESXB)
Director Richard Bozard acquired 23,364 shares for $4.44 per share for a total purchase of $103,700.
Director Gerald Barber acquired 2,000 shares in four separate transactions valued at a total of $8,900.
Director Eugene Putnam acquired 5,000 shares at $4.43 per share for a total of $22,150.
Xenith Bankshares (XBKS)
CFO Thomas Osgood acquired 1,000 shares at $6.49 per share.
Director Scott Reed acquired 529 shares at $6.45 each.
Chief Credit Officer Wellington Cottrell acquired 700 shares at $6.48 each.