Trading Day: Local SEC filings for Jan. 7, 2016

Brink’s (BCO)

The armored car giant entered into an agreement with majority shareholder Starboard Value LP that will see the early retirement of CEO Thomas Schievelbein and directors Murray Martin and Ronald Turner step down from the board. Elected to the board are Peter Feld, a managing member of Starboard; Ian Clough; and George Stoeckert.

Feld will chair the nominating committee overseeing a search for a new CEO. A succession agreement specifies that Schievelbein will resign his board seat and chairmanship upon the selection of his successor or the date of the company’s annual shareholders meeting, typically held in May.

CarMax (KMX)

Director Shira Goodman gifted 2,843 shares of common stock on Dec. 23. Goodman now owns 11,310 shares.

Cordia Bankshares (BOVA)

Ed Barham, who joined the company as president and CEO of its Bank of Virginia subsidiary last year, was awarded stock options for 3,289 shares at an exercise price of $3.85 per share.

Dominion (D)

Director Mark Kington gifted 3,100 shares of common stock, split evenly between Emery Kington 1994 Trust and Mark J. Kington Jr. 1994 Trust.

Dynex Capital (DX)

Co-CIO Smriti Laxman Popenoe disposed of 5,260 shares of common stock valued at $33,401 to satisfy tax withholding obligations.

Eastern Virginia Bankshares (EVBS)

Continuing a streak of purchases in recent weeks, director Boris Gutin acquired 1,200 shares at $6.80 each. The shares were purchased on behalf of GCP Capital Partners and various related affiliates. GCP is a private equity firm that invested in the bank’s capital raise in 2013.

James River Coal (JRC)

The company filed its latest monthly operating report as part of its reorganization under Chapter 11 bankruptcy protection.

Markel (MKL)

Vice chairman Steven Markel gifted 2,565 shares of common stock. He now directly owns 240,980 shares and indirectly owns more than 2 million.

Owens & Minor (OMI)

The company announced a voluntary employee separation program as part of an initiative to reduce costs and streamline its organizational structure. U.S.-based employees who are salaried-exempt and meet age and length-of-service criteria can voluntarily resign in exchange for separation benefits. The program is expected to substantially complete in the first quarter.

Senior VP Grace R. den Hartog announced she will retire effective March 1.

Tredegar (TG)

Six directors each purchased 1,037 shares of common stock valued at $14,123. Director William Gottwald purchased 1,633 shares, likewise priced at $13.62 per share, for a total of $22,241.

Village Bank and Trust Financial (VBFC)

The parent of Village Bank has been released from a consent order overseen by the FDIC and Virginia Bureau of Financial Institutions. The bank has been under the order for nearly four years. It was designed to help the bank recover from its past financial struggles in the wake of the recession. Village said the order was terminated “as a result of the steps the company and the bank took to, among other things, improve asset quality, increase capital, augment management and board oversight, and increase earnings.”

Village said it will remain party to a more informal regulatory agreement through written assurances to the regulators in a so-called memorandum of understanding. It contains provisions concerning asset quality, earnings, regulatory violations, minimum capital levels, asset growth and restrictions on paying dividends. It also will furnish progress reports to the FDIC and Virginia BFI.

WestRock (WRK)

Director John Luke Jr. disposed of 115,350 shares of common stock valued at $5.24 million for payment of excise tax or tax liability. He now directly owns 471,729 shares and indirectly owns more than 250,000.

Brink’s (BCO)

The armored car giant entered into an agreement with majority shareholder Starboard Value LP that will see the early retirement of CEO Thomas Schievelbein and directors Murray Martin and Ronald Turner step down from the board. Elected to the board are Peter Feld, a managing member of Starboard; Ian Clough; and George Stoeckert.

Feld will chair the nominating committee overseeing a search for a new CEO. A succession agreement specifies that Schievelbein will resign his board seat and chairmanship upon the selection of his successor or the date of the company’s annual shareholders meeting, typically held in May.

CarMax (KMX)

Director Shira Goodman gifted 2,843 shares of common stock on Dec. 23. Goodman now owns 11,310 shares.

Cordia Bankshares (BOVA)

Ed Barham, who joined the company as president and CEO of its Bank of Virginia subsidiary last year, was awarded stock options for 3,289 shares at an exercise price of $3.85 per share.

Dominion (D)

Director Mark Kington gifted 3,100 shares of common stock, split evenly between Emery Kington 1994 Trust and Mark J. Kington Jr. 1994 Trust.

Dynex Capital (DX)

Co-CIO Smriti Laxman Popenoe disposed of 5,260 shares of common stock valued at $33,401 to satisfy tax withholding obligations.

Eastern Virginia Bankshares (EVBS)

Continuing a streak of purchases in recent weeks, director Boris Gutin acquired 1,200 shares at $6.80 each. The shares were purchased on behalf of GCP Capital Partners and various related affiliates. GCP is a private equity firm that invested in the bank’s capital raise in 2013.

James River Coal (JRC)

The company filed its latest monthly operating report as part of its reorganization under Chapter 11 bankruptcy protection.

Markel (MKL)

Vice chairman Steven Markel gifted 2,565 shares of common stock. He now directly owns 240,980 shares and indirectly owns more than 2 million.

Owens & Minor (OMI)

The company announced a voluntary employee separation program as part of an initiative to reduce costs and streamline its organizational structure. U.S.-based employees who are salaried-exempt and meet age and length-of-service criteria can voluntarily resign in exchange for separation benefits. The program is expected to substantially complete in the first quarter.

Senior VP Grace R. den Hartog announced she will retire effective March 1.

Tredegar (TG)

Six directors each purchased 1,037 shares of common stock valued at $14,123. Director William Gottwald purchased 1,633 shares, likewise priced at $13.62 per share, for a total of $22,241.

Village Bank and Trust Financial (VBFC)

The parent of Village Bank has been released from a consent order overseen by the FDIC and Virginia Bureau of Financial Institutions. The bank has been under the order for nearly four years. It was designed to help the bank recover from its past financial struggles in the wake of the recession. Village said the order was terminated “as a result of the steps the company and the bank took to, among other things, improve asset quality, increase capital, augment management and board oversight, and increase earnings.”

Village said it will remain party to a more informal regulatory agreement through written assurances to the regulators in a so-called memorandum of understanding. It contains provisions concerning asset quality, earnings, regulatory violations, minimum capital levels, asset growth and restrictions on paying dividends. It also will furnish progress reports to the FDIC and Virginia BFI.

WestRock (WRK)

Director John Luke Jr. disposed of 115,350 shares of common stock valued at $5.24 million for payment of excise tax or tax liability. He now directly owns 471,729 shares and indirectly owns more than 250,000.

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