Altria (MO)
Senior vice president of tobacco products Jody Begley sold 3,250 shares at $53 per share for a total of $173,485. Begley directly owns 120,752 shares of common stock.
CarMax (KMX)
The used car retailer released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
CEO William Nash received a total pay package of $8.9 million. He received a base salary of $1 million, $1.5 million in stock awards and $6.4 million in other incentives.
Click here and see page 41 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held June 25 at its Goochland headquarters.
Dominion (D)
The power utility filed its first quarter earnings report.
Dominion reported $3.8 billion in revenue and a loss of $680 million in the first quarter 2019, down from a profit of $503 billion in the same period last year. Click here to see the full report.
Dominion also filed its 10-Q, providing further detail from its quarterly earnings. Click here for the full report.
Dynex Capital (DX)
The mortgage REIT filed its 10-Q, providing further detail from its previously filed quarterly earnings. Click here for the full report.
Kinsale Capital Group (KNSL)
The insurer reported net income of $18.7 million for the first quarter of 2019, up from $7.3 million in the same period last year. Click here for the full report.
Fred Russell, a director, sold 5,000 shares at $81.95 apiece for a total of $409,750.
Owens & Minor (OMI)
The healthcare logistics company filed its first quarter earnings report.
Owens & Minor reported $2.4 billion in revenue and a loss of $14.1 million in the first quarter 2019, down from a profit of $8.2 million in the same period last year. Click here to see the full report.
Owens & Minor also filed its 10-Q, providing further detail from its quarterly earnings. Click here for the full report.
Performance Food Group (PFGC)
The Goochland-based foods distributor filed its third quarter earnings report for fiscal year 2019.
Performance reported $4.7 billion in revenue and a profit of $32.3 million in the first quarter 2019, down from a profit of $33.7 million in the same period last year. Click here to see the full report.
Union Bankshares (UBSH)
Shareholders approved a plan to change the company’s name to Atlantic Union Bankshares, which will occur May 20 to coincide with the name change of its bank subsidiary from Union Bank & Trust to Atlantic Union Bank. The holding company’s stock ticker symbol also will change from UBSH to AUB. Its stock will continue to trade on Nasdaq.
Union declared a quarterly dividend of $0.23 per share, payable on May 31 to shareholders of record as of May 17.
The company’s board named director Ronald Tillett as chairman and Patrick McCann as vice chairman. That coincides with the retirement of previous chairman Raymond Smoot. Tillett, 63, has been a Union director since 2003 and was previously vice chairman. The VCU grad is managing director and head of Raymond James mid-Atlantic public finance operations and is a former state secretary of finance.
McCann, 62, joined the board in 2004 and is CFO of University of Virginia Foundation and former Bank of America executive. He’s a graduate of Florida State University.
Altria (MO)
Senior vice president of tobacco products Jody Begley sold 3,250 shares at $53 per share for a total of $173,485. Begley directly owns 120,752 shares of common stock.
CarMax (KMX)
The used car retailer released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
CEO William Nash received a total pay package of $8.9 million. He received a base salary of $1 million, $1.5 million in stock awards and $6.4 million in other incentives.
Click here and see page 41 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held June 25 at its Goochland headquarters.
Dominion (D)
The power utility filed its first quarter earnings report.
Dominion reported $3.8 billion in revenue and a loss of $680 million in the first quarter 2019, down from a profit of $503 billion in the same period last year. Click here to see the full report.
Dominion also filed its 10-Q, providing further detail from its quarterly earnings. Click here for the full report.
Dynex Capital (DX)
The mortgage REIT filed its 10-Q, providing further detail from its previously filed quarterly earnings. Click here for the full report.
Kinsale Capital Group (KNSL)
The insurer reported net income of $18.7 million for the first quarter of 2019, up from $7.3 million in the same period last year. Click here for the full report.
Fred Russell, a director, sold 5,000 shares at $81.95 apiece for a total of $409,750.
Owens & Minor (OMI)
The healthcare logistics company filed its first quarter earnings report.
Owens & Minor reported $2.4 billion in revenue and a loss of $14.1 million in the first quarter 2019, down from a profit of $8.2 million in the same period last year. Click here to see the full report.
Owens & Minor also filed its 10-Q, providing further detail from its quarterly earnings. Click here for the full report.
Performance Food Group (PFGC)
The Goochland-based foods distributor filed its third quarter earnings report for fiscal year 2019.
Performance reported $4.7 billion in revenue and a profit of $32.3 million in the first quarter 2019, down from a profit of $33.7 million in the same period last year. Click here to see the full report.
Union Bankshares (UBSH)
Shareholders approved a plan to change the company’s name to Atlantic Union Bankshares, which will occur May 20 to coincide with the name change of its bank subsidiary from Union Bank & Trust to Atlantic Union Bank. The holding company’s stock ticker symbol also will change from UBSH to AUB. Its stock will continue to trade on Nasdaq.
Union declared a quarterly dividend of $0.23 per share, payable on May 31 to shareholders of record as of May 17.
The company’s board named director Ronald Tillett as chairman and Patrick McCann as vice chairman. That coincides with the retirement of previous chairman Raymond Smoot. Tillett, 63, has been a Union director since 2003 and was previously vice chairman. The VCU grad is managing director and head of Raymond James mid-Atlantic public finance operations and is a former state secretary of finance.
McCann, 62, joined the board in 2004 and is CFO of University of Virginia Foundation and former Bank of America executive. He’s a graduate of Florida State University.