Apple REIT
A special meeting will be held for the shareholders of Apple REITs Nine, Eight and Seven at which a vote will be held to approve a merger of Seven and Eight into wholly owned subsidiaries of Nine. The meeting will be held at the company’s downtown headquarters at 814 E. Main St. on Feb. 21.
Dynex Capital (DX)
The REIT approved annual bonuses for 2013 performance for its top executives including” Chairman Thomas Akin, President and CEO Byron Boston, and COO and CFO Stephen Benedetti. Akin, Boston and Benedetti received $600,000, $600,000, and $285,000, respectively.
Genworth Financial (GNW)
Kevin Schneider, an executive vice president, exercised options for 5,926 shares at $7.80 per share for a total of $46,000. He then sold 4,013 shares at $16.41 each for a total of $65,000.
MeadWestvaco (MWV)
The company announced a special dividend of $1 per share to be paid in March. That accounts for $175 million of a $569 million in final proceeds that will be returned to shareholders as a result of MWV’s sale of all its forestlands to Plumb Creek Timber Co.
Xenith Bankshares (XBKS)
The parent of Xenith Bank announced that its chairman, Malcolm McDonald will not stand for re-election to the board. His term will expire at the company’s May 1 shareholders meeting. Xenith Bankshares, Inc. (NASDAQ:XBKS), parent company of Xenith Bank, today announced that its Board Chairman will not stand for re-election to the company’s board of directors at the company’s annual meeting of shareholders scheduled for May 1, 2014.
McDonald has been a director of the company since 2009 and is the former chairman and CEO of Signet Banking Corp.
Apple REIT
A special meeting will be held for the shareholders of Apple REITs Nine, Eight and Seven at which a vote will be held to approve a merger of Seven and Eight into wholly owned subsidiaries of Nine. The meeting will be held at the company’s downtown headquarters at 814 E. Main St. on Feb. 21.
Dynex Capital (DX)
The REIT approved annual bonuses for 2013 performance for its top executives including” Chairman Thomas Akin, President and CEO Byron Boston, and COO and CFO Stephen Benedetti. Akin, Boston and Benedetti received $600,000, $600,000, and $285,000, respectively.
Genworth Financial (GNW)
Kevin Schneider, an executive vice president, exercised options for 5,926 shares at $7.80 per share for a total of $46,000. He then sold 4,013 shares at $16.41 each for a total of $65,000.
MeadWestvaco (MWV)
The company announced a special dividend of $1 per share to be paid in March. That accounts for $175 million of a $569 million in final proceeds that will be returned to shareholders as a result of MWV’s sale of all its forestlands to Plumb Creek Timber Co.
Xenith Bankshares (XBKS)
The parent of Xenith Bank announced that its chairman, Malcolm McDonald will not stand for re-election to the board. His term will expire at the company’s May 1 shareholders meeting. Xenith Bankshares, Inc. (NASDAQ:XBKS), parent company of Xenith Bank, today announced that its Board Chairman will not stand for re-election to the company’s board of directors at the company’s annual meeting of shareholders scheduled for May 1, 2014.
McDonald has been a director of the company since 2009 and is the former chairman and CEO of Signet Banking Corp.