Atlantic Union Bankshares (AUB)
The bank said it will release its second quarter earnings on July 23.
The used car retailer filed its quarterly earnings report. The company reported $3.2 billion in net sales and operating revenues and a net earnings of $5 million in the first quarter 2020, compared to 5.4 billion in net sales and operating revenues and $266.7 million in net earnings in the same period last year.
CarMax issued a recommendation that shareholders not tender shares of common stock in response to an unsolicited offer by TRC Capital Investment Corporation to buy up to 1.5 million shares. Click here to see the full announcement.
Executive Vice President Eric M. Margolin sold 1,200 shares at about $94 per share for a total of $112,800. Margolin directly owns 24,440 shares of common stock.
CFO Enrique N. Mayor-Mora sold 37,500 shares at about $92 per share for a total of $3.5 million. Mayor-Mora directly owns 5,386 shares of common stock.
CIO Mohammad Shamim sold 15,782 shares at about $92 per share for a total of $1.5 million. Shamim directly owns 8,555 shares of common stock.
Senior Vice President Joseph Charles Wilson sold 39,085 shares at about $93 per share for a total of $3.6 million. Wilson directly owns 6,518 shares of common stock.
Executive Vice President of Finance Thomas W. Reedy Jr. sold 53,697 shares at about $93 per share for a total of $5 million. Reedy directly owns 34,626 shares of common stock.
The power utility announced it has entered into a purchase and sale agreement with Berkshire Hathaway Energy Company to sell “substantially all” of its gas transmission and storage assets for $9.7 billion. Read the full announcement here.
Dominion announced the cancellation of the Atlantic Coast Pipeline. Read the full announcement here.
Genworth Financial (GNW)
The Henrico-based insurer announced yet another extension of the deadline to close its pending deal to be acquired by China Oceanwide. Genworth said its suitor needs more time to line up financing for the deal due to the pandemic. The deadline is now extended to Sept. 30. It’s the fifteenth time the deadline has been extended since the deal was announced several years ago.
Universal Corp. (UVV)
The tobacco company released its latest proxy statement, disclosing compensation packages paid last fiscal year to its top executives.
Chairman, CEO and President George C. Freeman III received a total pay package of $4.6 million. He received a base salary of $945,500, $1.8 million in stock awards and $1.8 million in other incentives.
Click here and see page 46 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held Aug. 4.