Trading Day: Local SEC filings for 6.14.18

Genworth Financial (GNW)

The Henrico-based insurer announced it received clearance from the Committee on Foreign Investment in the U.S. to move forward with its pending deal to be acquired by China Oceanwide Holdings Group. CFIUS concluded “there are no unresolved national security concerns with respect to the proposed transaction.”

Genworth said the closing of the transaction remains subject to other conditions, including the receipt of regulatory approvals in the U.S., China and other international jurisdictions.

Kinsale Capital Group (KNSL)

Frederick Russell Jr., a director, sold 1,000 shares at $56.06 apiece for a total of $56,000.

Markel (MKL)

Vice Chairman Steven Markel sold 200 shares over five transactions at an average price of $1,108 per share for a total of approximately $221,000.

Owens & Minor (OMI)

CFO Richard Meier announced he’ll be leaving the company to “pursue other opportunities.”

O&M said Meier will remain employed for a transition period to help facilitate the transfer to his successor, a search for which is to begin immediately. In the interim, Robert Snead, group vice president of finance – global solutions, has assumed the role of CFO. His interim service allows for an annualized base salary of $450,000.

Effective June 1, corporate controller Michael Lowry became the company’s chief accounting officer. His annual salary is set at $293,423.

Also leaving to pursue other opportunities is Rony Kordahi, executive vice president of the company’s North American operations. He’s agreed to remain employed with O&M until July 25.

Performance Food Group (PFGC)

Craig Hoskins, president and CEO of PFG Customized, sold 10,500 shares at $35.10 apiece for a total of approximately $368,000.

Universal Corp. (UVV)

Director Eddie Moore Jr. sold 2,000 shares at $65.57 for a total of $131,000.

Tredegar Corp. (TG)

The company said it will close its facility in Shanghai, China, where it primarily produces plastic films used for personal care products. The company said it will maintain sales offices in Shanghai and will continue production at its facility in Guangzhou, China. It expects production to cease at the Shanghai plant by the end of 2018.  It expects total shutdown and exit costs of $7.1 million, and annual savings of $1.7 million.

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