Trading Day: Local SEC filings for 4.18.19

Bay Banks of Virginia (BAYK)
Directors Larry Tucker, Lawrence Ashworth and James McNeer informed the company they will not stand for re-election to the board at its 2019 annual meeting of stockholders. Their departures are due to a bylaw of the company that calls for directors to resign when they reach 72 years of age.

The company has nominated John Hodges, Randy Reynolds, and Kyle Woolfolk Jr. to fill the vacancies. They each are already members of the company’s Virginia Commonwealth Bank subsidiary.

Bay Banks also posted its latest proxy statement, disclosing the compensation packages paid to its top executives in 2018. The highest among them was President and CEO Randy Greene, who’s total compensation last year was valued at $600,000. That included a $352,000 base salary, $122,000 in stock award and other perks. Click here to read the full document.

Its annual shareholders meeting will be held May 20 at the Commonwealth Club, 401 W. Franklin St. downtown.

C&F Financial (CFFI)
The company held its annual shareholders meeting on April 16. Click here to see the results of votes that were cast at the meeting.

Community Bankers Trust (ESXB)
The parent of Essex Bank filed its latest proxy, including details of its executive compensation. President and CEO Rex Smith was atop the list with total pay of $942,000 last year. That included a base salary of $420,000, $146,000 in option awards, $99,000 in cash incentives and other perks. Click here to see the full compensation table.

The company also announced that its annual shareholders meeting will be held May 17 at 11 a.m. at the Deep Run 3 Building, 9954 Mayland Drive in Henrico.

Kinsale Capital Group (KNSL)
The insurer posted its latest proxy statement, announcing that its annual shareholders meeting will be held May 23 at 10:30 a.m. at the Commonwealth Club.

It also disclosed a breakdown of its executive compensation packages. CEO Michael Kehoe received a total of $1.66 million last year, including a $500,000 base salary, $749,000 in stock awards, $400,000 in cash incentives and other perks. The full compensation table can be found here.

Markel (MKL)
Executive Alan Kirshner sold 200 shares at $1,002 per share for a total of $200,500. Kirshner directly owns 21,984 shares of common stock.

Union Bankshares (UBSH)
The parent of Union Bank & Trust said it will release its first quarter 2019 earnings before the stock market opens on April 24.

Village Bank and Trust Financial (VBFC)
The parent of Midlothian-based Village Bank filed its proxy, setting its annual shareholders meeting for May 21 at Salisbury Country Club at 10 a.m.

The executive compensation table included in the proxy shows that President and CEO Bill Foster received $497,000 in total pay last year. That consisted of a $294,000 base salary, $67,000 in stock awards and other perks. The full breakdown can be found here.

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