CarMax (KMX)
The used car retailer filed its annual report for the fiscal year that ended on Feb. 29. Used vehicle sales totaled $12.43 billion, up from $11.67 billion in fiscal year 2015 and $7.82 billion in fiscal 2012. Net earnings totaled $623 million, up from $597 million the year before and $413 million five years earlier.
Community Bankers Trust (ESXB)
The parent of Essex Bank filed its annual proxy statement disclosing the compensation packages paid to its top five executives. Among them, CEO Rex Smith received $623,000 in total compensation, including a $390,000 base salary, $147,000 in option awards, $58,000 in incentive payments and other perks. See full the compensation table here.
The company will hold its annual shareholders meeting May 20 at 10 a.m. at its headquarters at Deep Run 3, 9954 Mayland Drive.
Cordia Bancorp (BOVA)
The parent of Bank of Virginia filed its proxy statement and executive pay disclosures. Jack Zoeller, who recently stepped down as CEO to spin off the company’s student loan startup, was Cordia’s highest paid executive in 2015, with $430,000 in total compensation. That included a $400,000 base salary and other perks. See the full table on page 16 here.
The company will hold its annual meeting at the Hampton Inn at 3620 Price Club Blvd. in Midlothian on May 25 at noon.
Dominion (D)
The power utility announced that longtime Questar Corp. executive Craig Wagstaff will lead its western U.S. natural gas operations once its merger with Questar is completed. Wagstaff is currently president of Questar Gas Co. and will become president of Dominion Questar, overseeing all current Questar operating companies. Dominion Questar will be based at Questar’s headquarters in Salt Lake City.
Two other Questar executives – Colleen Larkin Bell and Brady B. Rasmussen – were appointed Dominion Questar VP and Dominion Wexpro executive VP/COO, respectively. Questar chairman and CEO Ronald Jibson plans to retire once the merger is complete.
Dynex Capital (DX)
The mortgage REIT reported its first quarter earnings for 2016. Mortgage-backed securities totaled $3.32 billion, down from $3.49 billion the previous three months. Total assets were $3.58 billion, down from $3.67 billion the last quarter of 2015.
Markel (MKL)
Director Darrell Martin sold 364 shares of common stock at $920 per share for a total of $334,880.
Owens & Minor (OMI)
Senior VP Geoff Taylor Marlatt sold 1,288 shares of common stock at $36.97 per share to satisfy tax withholding obligations. Controller Michael Wayne Lowry sold 410 shares at the same price for the same purpose.
Performance Food Group (PFGC)
Officer A. Brent King acquired 1,715 shares of common stock that will vest in four equal annual installments starting on April 20, 2017.
WestRock (WRK)
The packaging giant announced the separation of its specialty chemicals business from the remaining businesses of WestRock to form Ingevity Corp. The separation is expected to be free to WestRock stockholders, except with respect to fractional shares, and is slated for completion on May 15.
CarMax (KMX)
The used car retailer filed its annual report for the fiscal year that ended on Feb. 29. Used vehicle sales totaled $12.43 billion, up from $11.67 billion in fiscal year 2015 and $7.82 billion in fiscal 2012. Net earnings totaled $623 million, up from $597 million the year before and $413 million five years earlier.
Community Bankers Trust (ESXB)
The parent of Essex Bank filed its annual proxy statement disclosing the compensation packages paid to its top five executives. Among them, CEO Rex Smith received $623,000 in total compensation, including a $390,000 base salary, $147,000 in option awards, $58,000 in incentive payments and other perks. See full the compensation table here.
The company will hold its annual shareholders meeting May 20 at 10 a.m. at its headquarters at Deep Run 3, 9954 Mayland Drive.
Cordia Bancorp (BOVA)
The parent of Bank of Virginia filed its proxy statement and executive pay disclosures. Jack Zoeller, who recently stepped down as CEO to spin off the company’s student loan startup, was Cordia’s highest paid executive in 2015, with $430,000 in total compensation. That included a $400,000 base salary and other perks. See the full table on page 16 here.
The company will hold its annual meeting at the Hampton Inn at 3620 Price Club Blvd. in Midlothian on May 25 at noon.
Dominion (D)
The power utility announced that longtime Questar Corp. executive Craig Wagstaff will lead its western U.S. natural gas operations once its merger with Questar is completed. Wagstaff is currently president of Questar Gas Co. and will become president of Dominion Questar, overseeing all current Questar operating companies. Dominion Questar will be based at Questar’s headquarters in Salt Lake City.
Two other Questar executives – Colleen Larkin Bell and Brady B. Rasmussen – were appointed Dominion Questar VP and Dominion Wexpro executive VP/COO, respectively. Questar chairman and CEO Ronald Jibson plans to retire once the merger is complete.
Dynex Capital (DX)
The mortgage REIT reported its first quarter earnings for 2016. Mortgage-backed securities totaled $3.32 billion, down from $3.49 billion the previous three months. Total assets were $3.58 billion, down from $3.67 billion the last quarter of 2015.
Markel (MKL)
Director Darrell Martin sold 364 shares of common stock at $920 per share for a total of $334,880.
Owens & Minor (OMI)
Senior VP Geoff Taylor Marlatt sold 1,288 shares of common stock at $36.97 per share to satisfy tax withholding obligations. Controller Michael Wayne Lowry sold 410 shares at the same price for the same purpose.
Performance Food Group (PFGC)
Officer A. Brent King acquired 1,715 shares of common stock that will vest in four equal annual installments starting on April 20, 2017.
WestRock (WRK)
The packaging giant announced the separation of its specialty chemicals business from the remaining businesses of WestRock to form Ingevity Corp. The separation is expected to be free to WestRock stockholders, except with respect to fractional shares, and is slated for completion on May 15.