C&F Financial (CFFI)
The parent of C&F Bank declared a regular cash dividend of $0.30 cents per common share, payable July 1 to shareholders of record on June 15.
The company also reauthorized a share repurchase program to purchase up to $5 million of its common stock. The program is authorized through May of 2016.
Community Bankers Trust (ESXB)
The company, parent of Essex Bank, posted the results of its annual shareholders meeting here.
Glenn Dozier, a director, purchased 3,000 shares at $4.42 per share for a total of $13,260.
Cordia Bancorp (BOVA)
The parent company of Bank of Virginia authorized a stock repurchase program to acquire up to $500,000 of its outstanding common stock.
Dominion (D)
The power company entered into an underwriting agreement with UBS Securities LLC for the sale of 2.8 million shares of its common stock, at a value of $201.4 million. The company previously said those proceeds will be used for general corporate purposes, to finance capital expenditures and to repay short-term debt.
Eastern Virginia Bankshares (EVBS)
The parent of EVB posted the results of its annual shareholders meeting here.
First Capital Bancorp (FCVA)
The parent company of First Capital Bank declared a cash dividend of $0.01 per common share, payable on June 25, to stockholders of record on June 10.
MeadWestvaco (MWV)
The packaging giant filed documents related to its pending merger with Rock-Tenn Co. The new company will be named WestRock Co. and will trade on the NYSE under the ticker symbol WRK.
A special stockholders meeting will be held June 24 at 9 a.m. at MWV headquarters at 501 S. Fifth St. The meeting, which will be held concurrently with a Rock-Tenn meeting, is to consider adoption of an amended agreement for the merger, which is expected to close on July 1.
Owens & Minor (OMI)
The medical and surgical supplies distributor announced the appointment of P. Cody Phipps as president and CEO effective July 1. Previously CEO of United Stationers Inc., Phipps succeeds James Bierman, who is retiring but will continue with the company as an advisor through December.
Phipps’ compensation will include an annual base salary of $900,000 and annual equity award grants with a value of $1 million of performance shares and $1 million of restricted stock. Phipps will also participate in the company’s annual executive incentive program, in which he will be eligible for annual incentives totaling 125 percent of his annual base salary. Phipps will also receive a one-time “sign-on” grant of $5 million of restricted stock.
Universal Corp. (UVV)
The tobacco processor filed its annual report for the fiscal year that ended March 31. Net income totaled $120.4 million, down from $155.1 million in fiscal year 2014 and $140.9 million in fiscal year 2013.
Village Bank & Trust Financial (VBFC)
William Chandler, a director, exercised subscription rights from a previous offering for 6,843 shares at $13.87 each for a total of approximately $95,000.
C&F Financial (CFFI)
The parent of C&F Bank declared a regular cash dividend of $0.30 cents per common share, payable July 1 to shareholders of record on June 15.
The company also reauthorized a share repurchase program to purchase up to $5 million of its common stock. The program is authorized through May of 2016.
Community Bankers Trust (ESXB)
The company, parent of Essex Bank, posted the results of its annual shareholders meeting here.
Glenn Dozier, a director, purchased 3,000 shares at $4.42 per share for a total of $13,260.
Cordia Bancorp (BOVA)
The parent company of Bank of Virginia authorized a stock repurchase program to acquire up to $500,000 of its outstanding common stock.
Dominion (D)
The power company entered into an underwriting agreement with UBS Securities LLC for the sale of 2.8 million shares of its common stock, at a value of $201.4 million. The company previously said those proceeds will be used for general corporate purposes, to finance capital expenditures and to repay short-term debt.
Eastern Virginia Bankshares (EVBS)
The parent of EVB posted the results of its annual shareholders meeting here.
First Capital Bancorp (FCVA)
The parent company of First Capital Bank declared a cash dividend of $0.01 per common share, payable on June 25, to stockholders of record on June 10.
MeadWestvaco (MWV)
The packaging giant filed documents related to its pending merger with Rock-Tenn Co. The new company will be named WestRock Co. and will trade on the NYSE under the ticker symbol WRK.
A special stockholders meeting will be held June 24 at 9 a.m. at MWV headquarters at 501 S. Fifth St. The meeting, which will be held concurrently with a Rock-Tenn meeting, is to consider adoption of an amended agreement for the merger, which is expected to close on July 1.
Owens & Minor (OMI)
The medical and surgical supplies distributor announced the appointment of P. Cody Phipps as president and CEO effective July 1. Previously CEO of United Stationers Inc., Phipps succeeds James Bierman, who is retiring but will continue with the company as an advisor through December.
Phipps’ compensation will include an annual base salary of $900,000 and annual equity award grants with a value of $1 million of performance shares and $1 million of restricted stock. Phipps will also participate in the company’s annual executive incentive program, in which he will be eligible for annual incentives totaling 125 percent of his annual base salary. Phipps will also receive a one-time “sign-on” grant of $5 million of restricted stock.
Universal Corp. (UVV)
The tobacco processor filed its annual report for the fiscal year that ended March 31. Net income totaled $120.4 million, down from $155.1 million in fiscal year 2014 and $140.9 million in fiscal year 2013.
Village Bank & Trust Financial (VBFC)
William Chandler, a director, exercised subscription rights from a previous offering for 6,843 shares at $13.87 each for a total of approximately $95,000.