Trading Day: Local SEC filings for 10.13.22

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust posted to its website an updated investors presentation, which can be found here.

ARKO (ARKO)

The convenience store and gas station chain struck a deal with Transit Energy Group to buy from TEG approximately 150 convenience stores, fuel supply rights to approximately 200 dealers, commercial, government, and industrial customers, as well as TEG’s bulk storage, distribution and transportation assets, all in the Southeastern United States. The purchase was $375 million. The deal is still pending. It would bring ARKO’s store count to over 1,530 locations and expand its wholesale segment to over 1,800 sites.

Altria (MO)

The tobacco giant announced recently it had ended its non-compete agreement with Juul. Full announcement here.

Brink’s (BCO)

The armored car giant recently announced the appointment of Walmart executive Keith Wyche to the board of directors. The addition of Wyche, effective Dec. 7, expands the board to 10 members. Wyche is currently a corporate office and community engagement and support vice president at Walmart. See announcement here.

The company announced earlier this month the $179 million acquisition of NoteMachine, an ATM network in the United Kingdom. NoteMachine manages more than 9,000 ATMs and expands Brink’s ATM managed services footprint to about 130,000 ATMs across the globe, according to a news release.

CarMax (KMX)

The used car retailer filed its quarterly earnings report for its second quarter that ended Aug. 31. The company reported net revenues of $8.1 billion, a 2 percent increase compared to the same period the previous year.

Dynex Capital (DX)

The mortgage REIT recently announced that the company’s board of directors declared a 13 cent per common share cash dividend for October 2022, payable Nov. 1.

President and Co-CIO Smriti Popenoe bought 2,000 shares at $15.50 per share for a total of $31,000. Popenoe directly owns 124,526 shares of common stock.

Kinsale Capital Group (KNSL)

President and CEO Michael Kehoe exercised options for 3,500 shares at $16 apiece or $56,000 in total. He then sold them at market value for $253.16 per share or $886,000. Kehoe owns more than 314,000 shares, valued at around $84 million.

Lumber Liquidators (LL)

The company notified Chief Accounting Officer Timothy J. Mulvaney that his employment would end on Oct. 10. He’ll be due a severance payment.

The company said it would replace Mulvaney with Chasity Grosh, 44, who joins the company from Capital One. Grosh previously held roles at General Electric, The Martin Agency, Ernst & Young, and KPMG. Grosh will receive an annual base salary of $340,000, an annual incentive plan and one-time sign-on cash bonus of $100,000 and a one-time sign-on equity award worth $120,000.

Medalist Diversified REIT (MDRR)

Alfred Lee Finley, a 10 percent owner, bought 141,900 shares at about 90 cents per share for a total of $127,710. Finley directly owns 2.4 million shares of common stock.

Performance Food Group (PFGC)

Executive Vice President Patrick Hagerty sold 500 shares at about $49 per share for a total of $24,500. Hagerty directly owns 158,609 shares of common stock.

Village Bank and Trust Financial (VBFC)

The Midlothian-based bank posted an investor slideshow here.

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust posted to its website an updated investors presentation, which can be found here.

ARKO (ARKO)

The convenience store and gas station chain struck a deal with Transit Energy Group to buy from TEG approximately 150 convenience stores, fuel supply rights to approximately 200 dealers, commercial, government, and industrial customers, as well as TEG’s bulk storage, distribution and transportation assets, all in the Southeastern United States. The purchase was $375 million. The deal is still pending. It would bring ARKO’s store count to over 1,530 locations and expand its wholesale segment to over 1,800 sites.

Altria (MO)

The tobacco giant announced recently it had ended its non-compete agreement with Juul. Full announcement here.

Brink’s (BCO)

The armored car giant recently announced the appointment of Walmart executive Keith Wyche to the board of directors. The addition of Wyche, effective Dec. 7, expands the board to 10 members. Wyche is currently a corporate office and community engagement and support vice president at Walmart. See announcement here.

The company announced earlier this month the $179 million acquisition of NoteMachine, an ATM network in the United Kingdom. NoteMachine manages more than 9,000 ATMs and expands Brink’s ATM managed services footprint to about 130,000 ATMs across the globe, according to a news release.

CarMax (KMX)

The used car retailer filed its quarterly earnings report for its second quarter that ended Aug. 31. The company reported net revenues of $8.1 billion, a 2 percent increase compared to the same period the previous year.

Dynex Capital (DX)

The mortgage REIT recently announced that the company’s board of directors declared a 13 cent per common share cash dividend for October 2022, payable Nov. 1.

President and Co-CIO Smriti Popenoe bought 2,000 shares at $15.50 per share for a total of $31,000. Popenoe directly owns 124,526 shares of common stock.

Kinsale Capital Group (KNSL)

President and CEO Michael Kehoe exercised options for 3,500 shares at $16 apiece or $56,000 in total. He then sold them at market value for $253.16 per share or $886,000. Kehoe owns more than 314,000 shares, valued at around $84 million.

Lumber Liquidators (LL)

The company notified Chief Accounting Officer Timothy J. Mulvaney that his employment would end on Oct. 10. He’ll be due a severance payment.

The company said it would replace Mulvaney with Chasity Grosh, 44, who joins the company from Capital One. Grosh previously held roles at General Electric, The Martin Agency, Ernst & Young, and KPMG. Grosh will receive an annual base salary of $340,000, an annual incentive plan and one-time sign-on cash bonus of $100,000 and a one-time sign-on equity award worth $120,000.

Medalist Diversified REIT (MDRR)

Alfred Lee Finley, a 10 percent owner, bought 141,900 shares at about 90 cents per share for a total of $127,710. Finley directly owns 2.4 million shares of common stock.

Performance Food Group (PFGC)

Executive Vice President Patrick Hagerty sold 500 shares at about $49 per share for a total of $24,500. Hagerty directly owns 158,609 shares of common stock.

Village Bank and Trust Financial (VBFC)

The Midlothian-based bank posted an investor slideshow here.

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