The tobacco giant recently entered into an extension and amendment agreement to a $3 billion senior unsecured, five-year revolving credit agreement. Full announcement here.
Apple Hospitality REIT (APLE)
Daryl Nickel retired effective Aug. 24 from the board of directors of the hotel-focused real estate investment trust.
Atlantic Union Bankshares (AUB)
The bank named Sherry Williams as its new chief risk officer. She’ll start with the company by October and replaces David Bilko, who announced his retirement earlier this year. Williams most recently was in the same role at Amalgamated Bank and also previously worked at PricewaterhouseCoopers and SunTrust Bank and Ernst & Young. She holds a doctorate in business administration from Temple University and is also CPA.
The company also named Heather Cox to its board of directors. Cox, 51, was most recently an executive at Humana. She also held prior roles at USAA, Citi FinTech, Citi Global Consumer Bank and Capital One. She has a bachelor’s degree from the University of Illinois at Urbanna-Champaign.
The power utility recently announced that it entered into an underwriting agreement for the sale of $400 million aggregate principal amount of its 2022 Series A senior notes and $600 million aggregate principal amount of its 2022 Series B senior notes.
Dynex Capital (DX)
Robert Colligan bought 10,000 shares at about $16 per share for a total of $160,000. Colligan directly owns 10,000 shares of common stock.
Hamilton Beach Brands (HBB)
The electrical products supplier recently amended a credit agreement to increase the credit facility from $150 million to $165 million and other changes. See announcement here.
The insurance underwriter amended its employment agreement with Co-CEO Richard Whitt in relation to Whitt’s plans to retire by March 31, 2023. Details of the amendment can be found here.
Lynne Puckett bought 83 shares at about $1,213 per share for a total of $100,679. Puckett directly owns 955 shares of common stock.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT filed its latest quarterly earnings report. The company reported a net loss of $1 million for the three-month second quarter period ended June 30. The company reported a net loss of $640,824 for the same period last year.
Alfred Lee Finely, a 10 percent owner, bought 50,000 shares at about 89 cents per share for a total of $44,500. Finely directly owns 2 million shares of common stock.
CFO Brent Winn bought 50,000 shares at about 90 cents per share for a total of $45,000. Winn directly owns 322,084 shares of common stock.
The REIT’s subsidiaries inked an agreement in August to sell the Best Western Plus University Inn and Conference Center in Clemson, South Carolina for $10.2 million. More information here.
The petroleum-focused holding company filed its second-quarter earnings report. The company reported a net income of $66.5 million for the three-month period that ended June 30. At the end of the same period last year, it reported a net income of $52 million.
The board of directors in early August declared a $2.10 dividend per share of common stock to company shareholders payable Oct. 3.
Owens & Minor (OMI)
The health care logistics company filed its earnings report for the second quarter. The company reported net income of $28.6 million for the three months that ended June 30. The company reported a net income of $65.9 million for the same period last year.
Performance Food Group (PFGC)
The Goochland-based foods distributor filed its latest quarterly report. The company reported a net income of $76 million for its fourth quarter 2022, which ended July 2. For the same three-month period last year, the company reported $31.4 million
CEO and board Chairman George Holm sold 80,000 shares at about $52 per share for a total of $4.2 million. Holm directly owns 1.4 million shares of common stock.
The plastic and aluminum parts manufacturer filed its quarterly earnings report for its second quarter. The company reported a net income of $14.9 million for the quarter ended June 30. The company reported a net income of $21.2 million for the same period last year.
Universal Corp. (UVV)
The tobacco company filed its earnings report for the quarter that ended June 30. The company reported net income of $6.8 million for the three-month period, compared to $6.4 million for the same period last year.
Village Bank and Trust Financial (VBFC)
The Midlothian-based bank declared a cash dividend of $0.14 per share payable on Sept. 9, to shareholders of record at the close of business on Sept. 2, 2022.