The company entered into a consulting agreement with Frank Lennon, its outgoing chief administrative officer. Brink’s announced in May that Lennon would retire Sept. 1 after 35 years with the company. Under the agreement, he’ll receive a monthly fee of $27,500.00, equal to $330,000 a year, plus additional fees and benefits. Lennon, according to Brink’s, will provide the company with advice regarding human resources and will assist with the transition of a new chief human resources officer and other new positions. His consulting agreement runs throughDec. 31, 2013.
C&F Financial (CFFI)
The company declared a cash dividend of $0.27 per common share, payable Oct. 1 to shareholders of record on Sept. 15.
First Capital Bancorp (FCVA)
Martin L. Brill, Robert G. Whitten and Neil P. Amin were elected to the First Capital board of directors.
First Capital also said that its shareholders voted to allow the bank to conduct a reverse stock split.
Wendell Willkie II, MWV’s general counsel, exercised options for 39,493 shares at a $21.27 per share. He then sold those shares at market price for $28.46 per share or a total of $1.12 million.
Xenith Bankshares (XBKS)
Mark Sisisky, a director, sold 32,300 shares at $4.15 per share for a total of approximately $134,000. He still owns 2,500 shares.
President and CEO Gaylon Layfield bought 2,500 shares at $4.24 and another 5,000 shares for $4.25. Layfield now owns more than 131,000 shares.
Edward Phillips Jr., chief lending officer, bought 1,173 shares for $4.24 per share. He now owns more than 13,000 shares.
Judy Gavant, Xenith’s controller, purchased 2,000 shares at $4.30 per share. She owns more than 21,000 shares.