ARKO (ARKO)
The convenience store company appointed Avram “Avi” Friedman as a director, filling the vacancy created by the previously reported resignation of Starlette Johnson. The company also expanded the size of its board from seven to eight directors and appointed Laura Karet as a director to fill the newly-created vacancy. Friedman is an adjunct associate professor of business at Columbia Business School and previously worked at Davidson Kempner Capital Management. He also was a director ARKO affiliate GPM Investments from 2014-2020. Karet has over 30 years of experience in the grocery and consumer products industries, including most recently as CEO of Giant Eagle.
Brink’s (BCO)
Executive Vice President Dominik Bossart sold 15,000 shares at $70 per share for a total of $1.1 million. Bossart directly owns 35,291 shares of common stock.
C&F Financial (CFFI)
CEO Tom Cherry sold 732 shares at $57 apiece for a total of approximately $41,000. He still owns more than 39,000 shares.
Dustin Crone, head of the bank’s C&F Finance subsidiary, sold 3,000 shares in three transactions at an average of $54.95 per share for a total of approximately $164,000.
CarMax (KMX)
The used car retailer reported net revenues of $7.7 billion for its first quarter of fiscal year 2024, which ended May 31. That was a 17.4 percent decrease compared to net revenues during the same period the prior fiscal year.
Genworth Financial (GNW)
The company said it was notified by third-party vendor PBI Research Services was subject to a data breach related to its use of the MOVEit file transfer system. Genworth said that as a result “the personal information of a significant number of insurance policyholders or other customers of its life insurance businesses was unlawfully accessed, and is working to ensure that protection services are provided to those impacted individuals.” Genworth said that number is estimated at 2.5 million to 2.7 million policyholders and that the information accessed in the breach included social security numbers. The company said it will notify individuals affected and will offer credit monitoring and identity theft protection services. Additional information can be found at www.genworth.com/moveit.
Markel (MKL)
The insurance underwriter announced an amended and restated credit agreement for its revolving credit facility, providing up to $300 million for acquisitions, investments and stock repurchases. Full announcement here.
Medalist Diversified REIT (MDRR)
The Board of Directors of the commercial real estate-focused REIT earlier this month granted a ownership limitations waiver to allow Frank Kavanugh and any affiliates to own up to 10.02 percent in the a ggregate of the company’s outstanding shares of capital stock.
NewMarket (NEU)
Regina Anne Harm will retire from the petroleum-focused holding company Aug. 1. This week, the Board of Directors compensation committee decided to waive forfeiture of about 1,600 shares of performance-based stock held by Harm that would be subject to forfeiture on her retirement, according to a company announcement.
Harm stepped down as president of Afton Chemical Corp. (a New Market subsidiary) Dec. 31, 2022.
Performance Food Group (PFGC)
Vice President and COO Patrick Hagerty sold 2,000 shares of common stock at about $56 per share for a total of $112,000. Hagery directly owns 151,790 shares of common stock.
ARKO (ARKO)
The convenience store company appointed Avram “Avi” Friedman as a director, filling the vacancy created by the previously reported resignation of Starlette Johnson. The company also expanded the size of its board from seven to eight directors and appointed Laura Karet as a director to fill the newly-created vacancy. Friedman is an adjunct associate professor of business at Columbia Business School and previously worked at Davidson Kempner Capital Management. He also was a director ARKO affiliate GPM Investments from 2014-2020. Karet has over 30 years of experience in the grocery and consumer products industries, including most recently as CEO of Giant Eagle.
Brink’s (BCO)
Executive Vice President Dominik Bossart sold 15,000 shares at $70 per share for a total of $1.1 million. Bossart directly owns 35,291 shares of common stock.
C&F Financial (CFFI)
CEO Tom Cherry sold 732 shares at $57 apiece for a total of approximately $41,000. He still owns more than 39,000 shares.
Dustin Crone, head of the bank’s C&F Finance subsidiary, sold 3,000 shares in three transactions at an average of $54.95 per share for a total of approximately $164,000.
CarMax (KMX)
The used car retailer reported net revenues of $7.7 billion for its first quarter of fiscal year 2024, which ended May 31. That was a 17.4 percent decrease compared to net revenues during the same period the prior fiscal year.
Genworth Financial (GNW)
The company said it was notified by third-party vendor PBI Research Services was subject to a data breach related to its use of the MOVEit file transfer system. Genworth said that as a result “the personal information of a significant number of insurance policyholders or other customers of its life insurance businesses was unlawfully accessed, and is working to ensure that protection services are provided to those impacted individuals.” Genworth said that number is estimated at 2.5 million to 2.7 million policyholders and that the information accessed in the breach included social security numbers. The company said it will notify individuals affected and will offer credit monitoring and identity theft protection services. Additional information can be found at www.genworth.com/moveit.
Markel (MKL)
The insurance underwriter announced an amended and restated credit agreement for its revolving credit facility, providing up to $300 million for acquisitions, investments and stock repurchases. Full announcement here.
Medalist Diversified REIT (MDRR)
The Board of Directors of the commercial real estate-focused REIT earlier this month granted a ownership limitations waiver to allow Frank Kavanugh and any affiliates to own up to 10.02 percent in the a ggregate of the company’s outstanding shares of capital stock.
NewMarket (NEU)
Regina Anne Harm will retire from the petroleum-focused holding company Aug. 1. This week, the Board of Directors compensation committee decided to waive forfeiture of about 1,600 shares of performance-based stock held by Harm that would be subject to forfeiture on her retirement, according to a company announcement.
Harm stepped down as president of Afton Chemical Corp. (a New Market subsidiary) Dec. 31, 2022.
Performance Food Group (PFGC)
Vice President and COO Patrick Hagerty sold 2,000 shares of common stock at about $56 per share for a total of $112,000. Hagery directly owns 151,790 shares of common stock.