The Henrico-based convenience store operator said CFO Don Bassell intends to retire by the end of 2023. Bassell has been with ARKO for 16 years and in the industry 42 years. Bassell is expected to remain CFO until his successor is in place and remain with the company until approximately April 2024 to assist with the transition process and ensure continuity of operations. The company said it will consider both internal and external candidates to succeed him.
The used car retailer filed its quarterly earnings report for its third quarter of fiscal year 2023, which ended Nov. 30. The company reported net revenue of $6.5 billion, which was about 24 percent lower than the net revenue generated the same period the previous year.
President and CEO William Nash bought 8,220 shares at about $61 per share for a total of $501,420. Nash directly owns 165,128 shares of common stock.
The power utility entered a $2.5 billion, 364-day term loan facility and borrowed $1 billion, according to a company announcement last week. Proceeds are intended to repay existing short-term and long-term debt and other purposes. The facility will mature Jan. 12, 2024.
Hamilton Beach Brands (HBB)
Michelle Mosier resigned her post as CFO, senior vice president and treasurer of the company effective last week, a plan that was previously announced. The board of directors appointed Linda Woermer as interim principal financial officer and principal accounting officer on Jan. 13. See full announcement here.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT was notified by Nasdaq on Jan. 10 that it had not regained compliance with the minimum bid price requirement to be listed on the market after an initial 180 days to do so. Though that’s the case, the company has been given an additional 180-calendar day period to regain compliance, which requires its stock close at more than $1 per share for at least 10 consecutive trading days. For more details, see announcement here.
Performance Food Group (PFGC)
President and COO Craig Hoskins sold 60,402 shares of common stock for an average of about $58 for a total of about $3.5 million. Hoskis directly owns 166,293 shares of common stock.
Executive Vice President Patrick Hagerty sold 500 shares at about $59 per share for a total of $29,500. Hagerty directly owns 154,790 shares of common stock.
Director David Singer sold 1,267 shares at about $58 per share for a total of $73,486. Singer directly owns 10,372 shares of common stock.
CAO Christine Vlahcevic sold 4,210 shares at about $60 per share for a total of $252,600. Vlahcevic directly owns 15,930 shares of common stock.
Director Kimberly Grant sold 3,000 shares at about $59 per share for a total of $177,000. Grant directly owns 11,416 shares of common stock.
John Gottwald informed the board of directors on Jan. 6 that he would retire as board chairman and member of the board effective immediately, the company announced. Board member Gregory Pratt was appointed to be chairman effective Jan. 8.
Universal Corp. (UVV)
Director Thomas Johnson sold 2,800 shares at about $54 per share for a total of $151,200. Johnson directly owns 24,652 shares of common stock.