Mark Kington, a director at Dominion who also recently stepped down from his post as vice rector at the University of Virginia, received 74 shares of the company’s stock at $54 per share as part of a director’s compensation plan. Directors Robert Spilman and Frank Royal received 111 and 37 shares, respectively, through the same plan.
Eastern Virginia Bankshares (EVBS)
The company’s top executives were each awarded shares of restricted stock at no cost. President and CEO Joe Shearin received 12,000 such shares. Each director received 500 shares at no cost.
Genworth Financial (GNW)
The company’s directors each received 5,448 shares of deferred stock that will convert into common stock upon their eventual departures from the company’s board. Shares represent a portion of the retainer fees due to each director for their service on the board.
The company issued $350 million in bonds. It said it will use the proceeds to pay down existing debt and for general corporate purposes. Several financial firms worked the bond dea,l including Citigroup Global Markets, Wells Fargo Securities, Barclays Capital, J.P. Morgan Securities, SunTrust Robinson Humphrey and Richmond-based BB&T Capital Markets.
MWV’s top executives were each issued stock options for thousands of shares with an exercise price of $27.95 per share. Chairman and CEO John Luke received options for 292,000 shares as part of a performance incentive plan.
Media General (MEG)
Following the sale of almost all of its newspapers to Warren Buffett’s Berkshire Hathaway, the company said it is streamlining its operations to reflect its new focus as a “pure-play television broadcaster.” Accordingly, it changed its market structure from five geographic regions to two. The company said John Schauss, its vice president of market operations, is retiring. MG will not look to fill that position.
Universal Corp. (UVV)
The company said its annual shareholders meeting will be Aug. 7 at 2 p.m. at its headquarters at 9201 Forest Hill Ave.