Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust announced the completion of its merger with Apple REIT Ten, a non-listed real estate investment trust that shares the same downtown office and staff. The combined company is valued at $5.7 billion with a portfolio of 236 hotels.
CarMax (KMX)
The used car retailer reported the previously announced retirement of Thomas Folliard as CEO and the election of president William Nash as president and CEO effective Sept. 1. Nash was also elected to the board of directors.
Nash’s base salary will increase to $1 million, and his target annual incentive bonus was increased from 100 percent to 130 percent of his base salary. He was also granted stock options valued at $2 million, to vest in four annual installments.
Community Bankers Trust (ESXB)
The parent of Essex Bank awarded retainers of 735 shares of the company’s stock to each of its nine board of directors members.
Kinsale Capital Group (KNSL)
The insurance company reported its second quarter financial results, its first quarterly report since going public. See the full report here.
Owens & Minor (OMI)
Senior VP Erika Davis sold 2,900 shares of common stock at $34.31 per share for a total of $99,499.
Union Bankshares (UBSH)
The parent of Union Bank filed a presentation it plans to make to investors, analysts and other interested parties. See the full slideshow here.
Universal Corp. (UVV)
VP Preston Wigner sold 1,500 shares of common stock at $60.65 per share for a total of $90,975.
Xenith Bankshares (XBKS)
Linda Majikes, director of human resources, sold 18,000 shares at $2.17 per share.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust announced the completion of its merger with Apple REIT Ten, a non-listed real estate investment trust that shares the same downtown office and staff. The combined company is valued at $5.7 billion with a portfolio of 236 hotels.
CarMax (KMX)
The used car retailer reported the previously announced retirement of Thomas Folliard as CEO and the election of president William Nash as president and CEO effective Sept. 1. Nash was also elected to the board of directors.
Nash’s base salary will increase to $1 million, and his target annual incentive bonus was increased from 100 percent to 130 percent of his base salary. He was also granted stock options valued at $2 million, to vest in four annual installments.
Community Bankers Trust (ESXB)
The parent of Essex Bank awarded retainers of 735 shares of the company’s stock to each of its nine board of directors members.
Kinsale Capital Group (KNSL)
The insurance company reported its second quarter financial results, its first quarterly report since going public. See the full report here.
Owens & Minor (OMI)
Senior VP Erika Davis sold 2,900 shares of common stock at $34.31 per share for a total of $99,499.
Union Bankshares (UBSH)
The parent of Union Bank filed a presentation it plans to make to investors, analysts and other interested parties. See the full slideshow here.
Universal Corp. (UVV)
VP Preston Wigner sold 1,500 shares of common stock at $60.65 per share for a total of $90,975.
Xenith Bankshares (XBKS)
Linda Majikes, director of human resources, sold 18,000 shares at $2.17 per share.