Trading Day: Local SEC filings for 3.9.23

Altria (MO)

The tobacco giant announced this week it had agreed to buy e-cigarette company NJoy Holdings for about $2.8 billion in cash and an additional $500 million contingent on regulatory approval of some NJOY products.

Altria also recently announced it exchanged its minority interest in JUUL Labs for a global license to some of JUUL’s intellectual property.

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust announced that effective March 1 Carolyn Handlon will fill a board of directors vacancy until the 2023 annual shareholders meeting. Full announcement here.

The REIT recently uploaded an updated investor presentation to its website, which can be found here.

ARKO (ARKO)

The convenience store operator completed its previously announced acquisition of Transit Energy Group and its affiliates, including approximately 135 convenience stores, supply fuel to approximately 190 independent dealers, and a transportation business with 58 trucks and 78 tanker trailers. It’s ARKO’s 23rd acquisition since 2013. The purchase price was $370 million. TEG’s stores are located throughout South Carolina, North Carolina, Tennessee, Mississippi, Missouri, Louisiana, Alabama and Arkansas. ARKO now has over 1,500 store locations. BofA Securities advised TEG on the deal, as did Nelson Mullins Riley & Scarborough; Latham & Watkins; and Harriton & Furrer. Greenberg Traurig, and the law firm of Schwarz and L’Altrelli represented ARKO.

Brink’s (BCO)

The armored car giant filed its year-end earnings report. In 2022, the company reported $361.3 million in operating profit. The prior year, the company reported an operating profit of $354.7 million. Click here to see the full report.

Michael Beech plans to retire from the company March 31. Beech is executive vice president and president, Latin America and global security.

Dynex Capital (DX)

The mortgage REIT filed its year-end earnings report. It reported net income of $143.2 million in 2022. The previous year, Dynex reported $102.3 million in net income. See the full report here.

Genworth Financial (GNW)

Jerome Upton was named Genworth’s CFO effective March 1, replacing Daniel Sheehan IV. Upton, 59, had been deputy CFO and controller since April 2022, and was previously CFO of the company’s U.S. life insurance segment and its global mortgage insurance business. Upton is a graduate of the University of North Carolina at Pembroke. For his new role, Upton will receive an annual base salary of $600,000, plus other incentives.

Owens & Minor (OMI)

The healthcare logistics company filed its year-end earnings report. Owens & Minor reported a full-year net income of $22.4 million in 2022. In 2021, the company reported a net income of $221.6 million. See the full report here.

Performance Food Group (PFGC)

Executive Vice President and CCO Patrick Hagerty sold 500 shares at about $56 per share for a total of $28,000. Hagerty directly owns 153,790 shares of common stock.

Altria (MO)

The tobacco giant announced this week it had agreed to buy e-cigarette company NJoy Holdings for about $2.8 billion in cash and an additional $500 million contingent on regulatory approval of some NJOY products.

Altria also recently announced it exchanged its minority interest in JUUL Labs for a global license to some of JUUL’s intellectual property.

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust announced that effective March 1 Carolyn Handlon will fill a board of directors vacancy until the 2023 annual shareholders meeting. Full announcement here.

The REIT recently uploaded an updated investor presentation to its website, which can be found here.

ARKO (ARKO)

The convenience store operator completed its previously announced acquisition of Transit Energy Group and its affiliates, including approximately 135 convenience stores, supply fuel to approximately 190 independent dealers, and a transportation business with 58 trucks and 78 tanker trailers. It’s ARKO’s 23rd acquisition since 2013. The purchase price was $370 million. TEG’s stores are located throughout South Carolina, North Carolina, Tennessee, Mississippi, Missouri, Louisiana, Alabama and Arkansas. ARKO now has over 1,500 store locations. BofA Securities advised TEG on the deal, as did Nelson Mullins Riley & Scarborough; Latham & Watkins; and Harriton & Furrer. Greenberg Traurig, and the law firm of Schwarz and L’Altrelli represented ARKO.

Brink’s (BCO)

The armored car giant filed its year-end earnings report. In 2022, the company reported $361.3 million in operating profit. The prior year, the company reported an operating profit of $354.7 million. Click here to see the full report.

Michael Beech plans to retire from the company March 31. Beech is executive vice president and president, Latin America and global security.

Dynex Capital (DX)

The mortgage REIT filed its year-end earnings report. It reported net income of $143.2 million in 2022. The previous year, Dynex reported $102.3 million in net income. See the full report here.

Genworth Financial (GNW)

Jerome Upton was named Genworth’s CFO effective March 1, replacing Daniel Sheehan IV. Upton, 59, had been deputy CFO and controller since April 2022, and was previously CFO of the company’s U.S. life insurance segment and its global mortgage insurance business. Upton is a graduate of the University of North Carolina at Pembroke. For his new role, Upton will receive an annual base salary of $600,000, plus other incentives.

Owens & Minor (OMI)

The healthcare logistics company filed its year-end earnings report. Owens & Minor reported a full-year net income of $22.4 million in 2022. In 2021, the company reported a net income of $221.6 million. See the full report here.

Performance Food Group (PFGC)

Executive Vice President and CCO Patrick Hagerty sold 500 shares at about $56 per share for a total of $28,000. Hagerty directly owns 153,790 shares of common stock.

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