Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank announced two additions to its executive ranks. It hired Ramsey Hamadi as its chief strategic officer. Hamadi most recently held the same position at American National Bank and Trust Co. in Danville and was CFO of NewBridge Bancorp from 2009 until its sale to Yadkin Financial Corp. in 2016.
The bank also hired Brett Raynor as controller. Raynor was most recently with Xenith Bank, and held prior positions at Owens & Minor and KPMG. Raynor is a CPA and has a bachelor’s from VCU.
The bank announced its fourth quarter and year-end results for 2017. It reported a net loss of $2 million for the quarter, compared to a profit of $571,000 in the same period in 2016. It also had a net loss for the full year of $943,000, compared to profit of $2.5 million in 2016. It said those results included $850,000 in expenses related to its merger, the succession of its CFO and an increase in its provision for loan and lease losses. Click here to read the full report.
Dominion (D)
The power utility released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman, president and CEO Thomas Farrell received a total pay package of $15.4 million in 2017, up from $13.2 million in 2016. He received a base salary of $1.5 million, $5.2 million in stock awards and $7.2 million in other incentives.
Click here and see page 42 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 9 at the Greater Richmond Convention Center.
Dominion also announced a $1.3 billion public offering, offering 20 million shares at $68.10. Click here to read the full announcement.
Genworth Financial (GNW)
The Henrico-based insurer once again extended the deadline for it to be acquired by a Chinese conglomerate for nearly $3 billion. It sets a deadline of July 1, after which each side will have the right to abandon the deal. The deal still awaits approval from various state, federal and international regulators, including the Committee on Foreign Investment in the U.S. It has received approval for the deal from regulators in Australia, Virginia, North Carolina, South Carolina and Vermont.
Hamilton Beach Brands (HBB)
The electrical products supplier released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
President and CEO Gregory Trepp received $2.4 million in 2017, down $16,000 from 2016. He received a $693,000 salary and $1.4 million in incentive pay. Click here and see page 17 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 15 in Cleveland, Ohio.
Kinsale Capital Group (KNSL)
The insurer filed its latest proxy statement, disclosing the compensation packages paid to its top executives in 2017. The highest-paid among them was president and CEO Michael Kehoe, who received a pay package valued at $917,000. That included a $500,000 base salary, incentive pay of $400,000 and other perks. Click here to read the full proxy.
The company also announced its annual shareholders meeting will be held May 24 at The Commonwealth Club at 401 W. Franklin St.
Markel (MKL)
The insurance underwriter released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Co-chief executive officers Thomas Gayner and Richard Whitt III each received $3.2 million in total compensation in 2017, up from $2.3 million in 2016. They both received $950,000 salaries, $1.1 million in stock awards and $1.1 million in incentive pay. Click here to read the full proxy statement.
The proxy also announced the date of the company’s annual shareholders meeting, May 14 at Altria Theater in Richmond.
Owens & Minor (OMI)
The healthcare logistics company released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman, president and CEO P. Cody Phipps received a total package of $6.6 million in 2017, up from $6.2 million in 2016. His 2017 base salary was $922,000 and he received $5 million in stock awards and $383,000 in incentive pay. Click here and see page 17 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 8 at The Jefferson Hotel in Richmond.
Tredegar (TG)
The plastic and aluminum parts manufacturer released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Vice president and CFO Andrew Edwards received a total package of $1.4 million in 2017, up from $1.2 million in 2016. He received a $393,000 base salary, $475,000 in incentives and $490,000 in stock option awards. Click here to read the full proxy.
The proxy also announced the date of the company’s annual shareholders meeting, May 2 at the University of Richmond’s Jepson Alumni Center.
Village Bank and Trust Financial (VBFC)
The company appointed Devon Henry to its board directors. He is CEO and president of Team Henry Enterprises, a contracting and logistics firm headquartered in Newport News, with offices in Richmond, Raleigh and Miami, Florida.
Director O. Woodland Hogg Jr. will retire from the board effective March 31. He has been a director since 2008, when Village absorbed the former River City Bank.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank announced two additions to its executive ranks. It hired Ramsey Hamadi as its chief strategic officer. Hamadi most recently held the same position at American National Bank and Trust Co. in Danville and was CFO of NewBridge Bancorp from 2009 until its sale to Yadkin Financial Corp. in 2016.
The bank also hired Brett Raynor as controller. Raynor was most recently with Xenith Bank, and held prior positions at Owens & Minor and KPMG. Raynor is a CPA and has a bachelor’s from VCU.
The bank announced its fourth quarter and year-end results for 2017. It reported a net loss of $2 million for the quarter, compared to a profit of $571,000 in the same period in 2016. It also had a net loss for the full year of $943,000, compared to profit of $2.5 million in 2016. It said those results included $850,000 in expenses related to its merger, the succession of its CFO and an increase in its provision for loan and lease losses. Click here to read the full report.
Dominion (D)
The power utility released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman, president and CEO Thomas Farrell received a total pay package of $15.4 million in 2017, up from $13.2 million in 2016. He received a base salary of $1.5 million, $5.2 million in stock awards and $7.2 million in other incentives.
Click here and see page 42 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 9 at the Greater Richmond Convention Center.
Dominion also announced a $1.3 billion public offering, offering 20 million shares at $68.10. Click here to read the full announcement.
Genworth Financial (GNW)
The Henrico-based insurer once again extended the deadline for it to be acquired by a Chinese conglomerate for nearly $3 billion. It sets a deadline of July 1, after which each side will have the right to abandon the deal. The deal still awaits approval from various state, federal and international regulators, including the Committee on Foreign Investment in the U.S. It has received approval for the deal from regulators in Australia, Virginia, North Carolina, South Carolina and Vermont.
Hamilton Beach Brands (HBB)
The electrical products supplier released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
President and CEO Gregory Trepp received $2.4 million in 2017, down $16,000 from 2016. He received a $693,000 salary and $1.4 million in incentive pay. Click here and see page 17 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 15 in Cleveland, Ohio.
Kinsale Capital Group (KNSL)
The insurer filed its latest proxy statement, disclosing the compensation packages paid to its top executives in 2017. The highest-paid among them was president and CEO Michael Kehoe, who received a pay package valued at $917,000. That included a $500,000 base salary, incentive pay of $400,000 and other perks. Click here to read the full proxy.
The company also announced its annual shareholders meeting will be held May 24 at The Commonwealth Club at 401 W. Franklin St.
Markel (MKL)
The insurance underwriter released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Co-chief executive officers Thomas Gayner and Richard Whitt III each received $3.2 million in total compensation in 2017, up from $2.3 million in 2016. They both received $950,000 salaries, $1.1 million in stock awards and $1.1 million in incentive pay. Click here to read the full proxy statement.
The proxy also announced the date of the company’s annual shareholders meeting, May 14 at Altria Theater in Richmond.
Owens & Minor (OMI)
The healthcare logistics company released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman, president and CEO P. Cody Phipps received a total package of $6.6 million in 2017, up from $6.2 million in 2016. His 2017 base salary was $922,000 and he received $5 million in stock awards and $383,000 in incentive pay. Click here and see page 17 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 8 at The Jefferson Hotel in Richmond.
Tredegar (TG)
The plastic and aluminum parts manufacturer released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Vice president and CFO Andrew Edwards received a total package of $1.4 million in 2017, up from $1.2 million in 2016. He received a $393,000 base salary, $475,000 in incentives and $490,000 in stock option awards. Click here to read the full proxy.
The proxy also announced the date of the company’s annual shareholders meeting, May 2 at the University of Richmond’s Jepson Alumni Center.
Village Bank and Trust Financial (VBFC)
The company appointed Devon Henry to its board directors. He is CEO and president of Team Henry Enterprises, a contracting and logistics firm headquartered in Newport News, with offices in Richmond, Raleigh and Miami, Florida.
Director O. Woodland Hogg Jr. will retire from the board effective March 31. He has been a director since 2008, when Village absorbed the former River City Bank.