C&F Financial (CFFI)
The parent of C&F Bank filed its proxy statement, disclosing the compensation packages paid to its top executives in 2015. Chairman and CEO Larry Dillon received $854,000 in total compensation during the year, down from $905,000 in 2014. His total compensation included a base salary of $309,000, incentive payout of $174,000 and stock awards worth $151,000.
The full pay table can be found on page 32 of this filing.
The company will hold its annual shareholders meeting April 19 at 3:30 p.m. at its office in Toano.
President Tom Cherry sold 600 shares at $38.50 per share for a total of $23,100.
Genworth Financial (GNW)
The company said it will pay $219 million to resolve a class action lawsuit case filed by a Michigan retirement fund that accused it and some top executives of misleading investors and making false statements about the health of its long-term care insurance reserves, in violation of federal securities laws.
New Market (NEU)
General counsel Steven Edmonds was awarded $80,000 in recognition of his years of service. Edmonds is retiring at the end of this month.
The company will hold its annual shareholders meeting April 28 at 10 a.m. at the Virginia War Memorial, 621 S. Belvidere St. Business to be conducted can be found here.
The plastic and aluminum parts manufacturer filed its annual report for 2015. Sales totaled $896.1 million, down from $951.8 million in 2014 and $794.4 million in 2011. Net income was a loss of $32.13 million, compared to gains of $36.87 million last year and $24.8 million five years earlier.
Union Bankshares (UBSH)
Jan Hoover, a director, acquired 528 shares at $23.82 per share, for a total of $12,600.