The hotel-focused real estate firm will hold its annual shareholders meeting May 14 at 11:15 a.m. at the Richmond Marriott, 500 E. Broad St. Votes will be held on elections of directors, executive compensation and appointment of the company’s public accounting firm, among other business. The meeting notice and related proxy statement can be viewed here.
The used-car retailer reported fourth quarter and fiscal year results. Net sales and operating revenues increased 14.2 percent to $3.51 billion in the fourth quarter and 13.5 percent to $14.27 billion for the fiscal year that ended Feb. 28. Total used unit sales rose 12.4 percent in the fourth quarter and 10.5 percent in the fiscal year, and total wholesale unit sales increased 12.3 percent in the fourth quarter and 9.8 percent in the fiscal year. Net earnings increased 44.3 percent to $143.1 million in the fourth quarter and 21.3 percent to $597.4 million for the fiscal year.
The full report is viewable here.
The power company filed a notice of exempt solicitation urging shareholders to vote for a resolution directing Dominion to prepare a report on greenhouse gas emissions from its wood-burning power plants. The report would also assess whether increasing regulation of emissions reduces the value of Dominion’s investments in wood-burning for power generation.
Dynex Capital (DX)
The mortgage loans and securities REIT will hold its annual shareholders meeting May 19 at 9 a.m. at the Ritz-Carlton, Tysons Corner, located at 1700 Tysons Blvd., McLean. Business includes election of directors and approval of executive compensations. Proxy information is available here.
Genworth Financial (GNW)
The insurance company will hold its annual stockholders meeting on May 14 at 9 a.m. at the Westin Richmond, 6631 W. Broad St. Elections of directors and executive compensations are among items of business to be voted on at the meeting. A related proxy statement is available here.
James River Coal (JRC)
The company filed financial statements relating to a monthly operating report filed with U.S. Bankruptcy Court. The filing follows the company’s voluntary petitions in April 2014 for reorganization through Chapter 11 bankruptcy. The monthly operating report is available here.
Media General (MEG)
The media company filed an underwriting agreement with a stockholder and RBC Capital Markets LLC regarding the stockholder’s sale of 7.82 million shares of the company’s voting common stock. RBC Capital Markets, representing the underwriters, would then resell them to the public. The agreement is detailed here.
A related statement of acquisition of beneficial ownership can be viewed here.
The plastic films and aluminum extrusions manufacturer filed an amendment to a $350 million credit agreement with JPMorgan Chase Bank. The amendment removes a covenant regarding limits on consolidated stockholders’ equity. The agreement can be viewed here.
Union Bankshares (UBSH)
The holding company for Union Bank & Trust will hold its annual shareholders meeting April 21 at 10 a.m. at the Wyndham Virginia Crossings Hotel & Conference Center, located at 1000 Virginia Center Parkway, Glen Allen. The company filed a proxy statement regarding an agreement to pay Regan & Associates Inc. a fee of $15,000 plus reimbursement of expenses for services relating to proxy solicitations.
Village Bank & Trust Financial (VBFC)
The Midlothian-based bank reported the Nasdaq Stock Market has indicated the company has regained compliance with a listing rule regarding the minimum number of publicly held shares. The matter is now closed.
Other filings relate to the bank’s recently completed standby rights offering, which brought in more than $14.5 million from current shareholders and Northern Virginia investor Kenneth Lehman. Those filings can be viewed here and here.