Trading Day: Local SEC filings for 7.13.17

Apple Hospitality REIT (APLE)

The company confirmed in a statement that CEO Justin Knight sustained serious but non-life-threatening injuries in a plane crash July 4. COO Krissy Gathright and CFO Bryan Peery will share Knight’s responsibilities during his recovery.

CarMax (KMX)

Executive VP Eric Margolin exercised options for 18,659 shares at $64.06 per share and 26,838 shares at $64.15 per share for a total of $2,916,952.

The used car retailer reported its earnings for the quarter that ended May 31. Net revenues totaled $4.54 billion, up from $4.12 billion the same quarter of 2016. Profits totaled $211.7 million, up from $175.3 million last year.

Universal Corp. (UVV)

CEO George Freeman III gifted 465 shares of common stock. He now directly owns 225,083 shares and indirectly owns 600 shares.

Village Bank and Trust Financial (VBFC)

The company said its Village Bank subsidiary will file regulatory applications requesting approval to open a new branch office in Williamsburg. The filing did not list a specific location. It said it will initially open as a loan production office this month and, “if approved by regulators, will thereafter become a full-service branch.” It will be the bank’s 10 branch overall and its first in Williamsburg and the broader Hampton Roads market.

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