The armored car giant announced that Ray Shemanski has been appointed president of the company’s U.S. business. Shemanski previously served in operational leadership positions over the past 20 years at Johnson Controls, a global diversified technology company.
C&F Financial (CFFI)
The parent of C&F Bank declared a cash dividend of $0.33 per common share, payable Oct. 1 to shareholders of record on Sept. 15.
The insurer said it expects to report third quarter pre-tax underwriting losses of $503 million as a result of Hurricanes Harvey, Irma and Maria as well as the recent earthquakes in Mexico City. It said that figure is a preliminary estimate based on “claims received to date and detailed policy level reviews, industry loss estimates, output from both industry and proprietary models as well as a review of in-force contracts.”
Performance Food Group (PFGC)
The Goochland-based foods distributor disclosed a labor union letter that urges shareholders to withhold votes for two of its three board directors up for re-election at its annual shareholder meeting Nov. 10. The notice, sent by International Brotherhood of Teamsters, says Douglas Steenland and Jeffrey Overly adopted “unfavorable governance positions” and overpaid a retiring CFO.
Union Bankshares (UBSH)
The company posted a transcript of its earnings conference, held Wednesday morning. See the full transcript here.