Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
President and CEO Justin Knight received a total pay package of $3.6 million. He received a base salary of $500,000, $2.2 million in stock awards and $697,000 in other incentives.
Click here and see page 32 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 17 at the Courtyard and Residence Inn Richmond Downtown.
The used car retailer reported its fourth-quarter results for its fiscal year ended Feb. 28. It reported $4 billion in total revenue and $536 million in profit for the fourth quarter. Click here to read the full report.
The power utility filed a definitive agreement relating to a previously announced $1.3 billion public offering. Click here to read the agreement.
Dynex Capital (DX)
The mortgage REIT released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
President, CEO and co-chief investment officer received a total pay package of $2.1 million. He received a base salary of $675,000, $678,000 in stock and cash awards and $135,000 in dividends on unvested restricted stock.
Click here and see page 16 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, May 15 in New York.
Union Bankshares (UBSH)
The company’s Union Bank & Trust subsidiary on April 1 completed its acquisition of Roanoke-based investment advisory firm Dixon, Hubard, Feinour, & Brown, which brings with it approximately $600 million in assets under management. DHFB will operate as a subsidiary of the bank. It will continue to operate from its current offices in Roanoke. Click here to read more about the deal.
Union said it will release first quarter 2018 results before market open on April 24.
Village Bank and Trust Financial (VBFC)
The bank on March 30 redeemed all of its remaining 5,027 shares of preferred stock that had originally been issued as part of the TARP Capital Purchase Program. It paid $5.02 million for the shares and $56,000 for accrued dividends. Click here to read more about the process, which was funded by a recent $5.7 million debt offering.
Devon Henry, a newly elected member of the company’s board of directors, received 215 shares of Village common stock as part of that appointment.
The bank filed the 10K summarizing its previously released fourth quarter and year-end 2017 financials. Click here to see the full file.
The company gave executives and director various amounts of performance shares valued at $32.25 per share as part of its long-term incentive plan. Among them, CEO Bill Foster received 595 shares. Kenneth Lehman, a director and the bank’s largest shareholder, received 90 shares.