Eastern Virginia Bankshares (EVBS)
A shareholder vote has been set by Newport News-based Virginia Company Bank to be acquired by EVB. The meeting will be held Oct. 22 at the Newport News Marriott at City Center.
Dominion Resources (D)
The company, along with Duke Energy Corp., Piedmont Natural Gas Co. and AGL Resources announced the formation of a joint venture to build and own the proposed Atlantic Coast Pipeline. It would be a 550-mile natural gas pipeline that will run from Harrison County, West Virginia, southeast through Virginia with an extension to Chesapeake, and then south through central North Carolina to Robeson County. The project is expected to cost between $4.5 billion and $5 billion. Dominion will own 45 percent of the venture and will build and operate the pipeline.
James River Coal (JRCC)
The bankrupt coal company completed the sale of its Hazard, West Virginia and Indiana mining assets to Blackhawk for $52 million.
JRC’s Chairman and CEO Peter T. Socha resigned following the sale of the company’s assets to Blackhawk.
Board members Alan F. Crown, Ronald J. FlorJancic, Leonard J. Kujawa and Joseph H. Vipperman each resigned following the sale.
The company hired William B. Murphy as its chief restructuring officer after approval by federal bankruptcy court. He has a long list of experience in helping companies restructure an exit bankruptcy. He’ll receive a $60,000 per month consulting fee through Jan. 31, 2015. Thereafter, the monthly fee will be reduced to $30,000 per month.
Media General (MEG)
Timothy Mulvaney, the company’s chief accounting officer, exercised options for 2,533 shares at $2.16 per share. He then sold those shares at $15.52 per share for a total of $39,000.
NewMarket (NEU)
President and CEO Thomas E. Gottwald sold 10,000 at an average of about $407 per share for a total sale of $4.06 million.
Owens & Minor (OMI)
Brian J. Shotto, the company’s senior vice president of manufacturer services resigned effective. Aug. 31. As part of a severance agreement he’ll receive 18 months of salary and the continuation of health benefits for the earlier of 18 months following his resignation or his alternate employment.
Universal Corp. (UVV)
Preston Wigner, the company’s general counsel, sold 2,500 shares at $51 per share for a total of $127,500.
COO Keith Brewer sold 2,500 shares at $53.11 per share for a total of $132,775.
Eastern Virginia Bankshares (EVBS)
A shareholder vote has been set by Newport News-based Virginia Company Bank to be acquired by EVB. The meeting will be held Oct. 22 at the Newport News Marriott at City Center.
Dominion Resources (D)
The company, along with Duke Energy Corp., Piedmont Natural Gas Co. and AGL Resources announced the formation of a joint venture to build and own the proposed Atlantic Coast Pipeline. It would be a 550-mile natural gas pipeline that will run from Harrison County, West Virginia, southeast through Virginia with an extension to Chesapeake, and then south through central North Carolina to Robeson County. The project is expected to cost between $4.5 billion and $5 billion. Dominion will own 45 percent of the venture and will build and operate the pipeline.
James River Coal (JRCC)
The bankrupt coal company completed the sale of its Hazard, West Virginia and Indiana mining assets to Blackhawk for $52 million.
JRC’s Chairman and CEO Peter T. Socha resigned following the sale of the company’s assets to Blackhawk.
Board members Alan F. Crown, Ronald J. FlorJancic, Leonard J. Kujawa and Joseph H. Vipperman each resigned following the sale.
The company hired William B. Murphy as its chief restructuring officer after approval by federal bankruptcy court. He has a long list of experience in helping companies restructure an exit bankruptcy. He’ll receive a $60,000 per month consulting fee through Jan. 31, 2015. Thereafter, the monthly fee will be reduced to $30,000 per month.
Media General (MEG)
Timothy Mulvaney, the company’s chief accounting officer, exercised options for 2,533 shares at $2.16 per share. He then sold those shares at $15.52 per share for a total of $39,000.
NewMarket (NEU)
President and CEO Thomas E. Gottwald sold 10,000 at an average of about $407 per share for a total sale of $4.06 million.
Owens & Minor (OMI)
Brian J. Shotto, the company’s senior vice president of manufacturer services resigned effective. Aug. 31. As part of a severance agreement he’ll receive 18 months of salary and the continuation of health benefits for the earlier of 18 months following his resignation or his alternate employment.
Universal Corp. (UVV)
Preston Wigner, the company’s general counsel, sold 2,500 shares at $51 per share for a total of $127,500.
COO Keith Brewer sold 2,500 shares at $53.11 per share for a total of $132,775.