ARKO (ARKO)
The convenience store and gas station owner released its latest proxy statement, which includes data on compensation packages paid to its top executives in 2022. Chairman, President and CEO Arie Kotler was the highest paid among them with total compensation of $6.68 million last year. Click here to view the proxy.
The company said it will hold its annual shareholders meeting on June 7 at 10 a.m. It will be held virtually.
The company continues its pursuit of an acquisition of rival TravelCenters of America, however continues to be rebuffed in its efforts by a competing offer. ARKO, in a letter this week to TravelCenters, reiterated that its offer is superior to that of BP Products North America. Click here to read the letter.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank reported its first quarter financials, posting net income of $32.7 million compared to $40.7 million in the same period a year ago. Those results included a $13 million loss on the sale of securities during the quarter, the same sort of securities that been closely watched by investors and regulators during the recent banking turmoil. Deposits also have been a point of emphasis for banks of late, and AUB increased its deposit base to $16.5 billion during the last three months, up $524 million from December 31 of last year. Click here for the full report.
CarMax (KMX)
The used car retailer filed its year-end earnings report. In CarMax’s fiscal year 2023, which ended Feb. 28, the company reported net earnings of $484.8 million for the year, compared to $1.2 billion in net earnings the previous fiscal year. See here for the full report.
C&F Financial (CFFI)
The parent of C&F Bank posted its first quarter earnings, posting net income of $6.5 million compared to $5.7 million a year ago. Its deposits were largely flat from Dec. 31 at $1.99 billion. Click here for the full report.
Dynex Capital (DX)
The mortgage REIT filed its earnings report for the quarter that ended March 31. The company reported a loss of $41.7 million for the period. The company reported net income of $43.3 million for the preceding fourth quarter of 2022.
Markel (MKL)
The insurance underwriter released its latest proxy statement, disclosing compensation packages paid last year to its top executives. CEO Thomas Gayner received a total pay package of $4 million. He received a base salary of $1.1 million, $2.1 million in stock awards and $841,400 in other incentives. Click here and see page 32 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held May 17.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT last week announced a reverse stock split.
Owens & Minor (OMI)
The healthcare logistics company announced that Nicholas Pace, executive vice president, general counsel and corporate secretary will resign from his position effective May 17, according to a company announcement. Pace is planning to take on a role as executive vice president and general counsel with a private revenue-cycle management company. Heath Galloway will assume Pace’s position at Owens & Minor on his departure.
ARKO (ARKO)
The convenience store and gas station owner released its latest proxy statement, which includes data on compensation packages paid to its top executives in 2022. Chairman, President and CEO Arie Kotler was the highest paid among them with total compensation of $6.68 million last year. Click here to view the proxy.
The company said it will hold its annual shareholders meeting on June 7 at 10 a.m. It will be held virtually.
The company continues its pursuit of an acquisition of rival TravelCenters of America, however continues to be rebuffed in its efforts by a competing offer. ARKO, in a letter this week to TravelCenters, reiterated that its offer is superior to that of BP Products North America. Click here to read the letter.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank reported its first quarter financials, posting net income of $32.7 million compared to $40.7 million in the same period a year ago. Those results included a $13 million loss on the sale of securities during the quarter, the same sort of securities that been closely watched by investors and regulators during the recent banking turmoil. Deposits also have been a point of emphasis for banks of late, and AUB increased its deposit base to $16.5 billion during the last three months, up $524 million from December 31 of last year. Click here for the full report.
CarMax (KMX)
The used car retailer filed its year-end earnings report. In CarMax’s fiscal year 2023, which ended Feb. 28, the company reported net earnings of $484.8 million for the year, compared to $1.2 billion in net earnings the previous fiscal year. See here for the full report.
C&F Financial (CFFI)
The parent of C&F Bank posted its first quarter earnings, posting net income of $6.5 million compared to $5.7 million a year ago. Its deposits were largely flat from Dec. 31 at $1.99 billion. Click here for the full report.
Dynex Capital (DX)
The mortgage REIT filed its earnings report for the quarter that ended March 31. The company reported a loss of $41.7 million for the period. The company reported net income of $43.3 million for the preceding fourth quarter of 2022.
Markel (MKL)
The insurance underwriter released its latest proxy statement, disclosing compensation packages paid last year to its top executives. CEO Thomas Gayner received a total pay package of $4 million. He received a base salary of $1.1 million, $2.1 million in stock awards and $841,400 in other incentives. Click here and see page 32 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held May 17.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT last week announced a reverse stock split.
Owens & Minor (OMI)
The healthcare logistics company announced that Nicholas Pace, executive vice president, general counsel and corporate secretary will resign from his position effective May 17, according to a company announcement. Pace is planning to take on a role as executive vice president and general counsel with a private revenue-cycle management company. Heath Galloway will assume Pace’s position at Owens & Minor on his departure.