It’s our favorite time of year — Proxy season — when publicly traded companies reveal how much their executives make. It’s good to be the kings at Media General and Owens & Minor.
Big paydays for local execs as companies begin to release their proxies; a local real estate investment trust works more big hotel deals; shareholders of a local coal company dump millions of dollars worth of shares; and a local drug maker takes a step toward selling its new drug in Europe.
A local REIT puts the brakes on a big hotel purchase and then announces an even larger deal; a local pharmaceutical firm does a reverse split on its stock; big bonuses for Brink’s execs; and Owens & Minor executives cash in on tons of stock options.
More local execs cashing in on big money stock options; a local REIT raises $100 million a local video game maker losses millions. Plus a huge performance bonus at Tredegar.
Executives from several local public companies exercised millions of dollars worth of stock options over the past week. Genworth execs get big stock awards. Meanwhile, another company had to delay its year-end financials, and NewMarket pays big cash bonuses to its top dogs.
A local REIT is looking to buy almost $100 million worth of hotels; struggling bank-holding companies showed at least some signs of a turnaround; and dividends are being paid by several local public companies.
Big paydays at Altria and Insmed; CarMax and Apple REIT Ten elect new directors to their boards; Massey Energy discloses internal letters related it being acquired.
A bank gets a slap on the hand from the FDIC; yet another director resigns from a local bank’s board; and a local tech firm goes bankrupt.
Big paydays at Insmed, which is also considering a reverse stock split to help boost its share price.
A director and general counsel resigned from a local bank. Plus CarMax is going to start opening new stores again.