CarMax (KMX)
Board member Beth A. Stewart notified the company that she would resign as a director effective April 15. Her reason was to focus on her role as chief executive of Trewstar Corporate Board Services.
The company subsequently amended its bylaws to decrease the number of directors serving on the board from 11 to 10.
Dynex Capital (DX)
The REIT is offering 4.45 million shares of its common stock at $8.63 per share. It will seek to raise up to $38.4 million. The stock is being offered through a dividend reinvestment program for current shareholders and to new potential shareholders.
Genworth Financial (GNW)
Kevin Schneider, an executive vice president, exercised options for 5,926 shares for $7.80 per share. He then sold 4,320 shares at $16.21 each for total sale of $70,000.
Media General (MEG)
The company amended its credit agreement with Royal Bank of Canada and other lenders. It provides for up to $1.6 billion. The amendments will become effective upon Media General’s completion of its proposed merger with LIN Media.
Universal Corp. (UVV)
The leaf tobacco supplier said it has entered the fruit and vegetable food ingredients market through a new subsidiary, Carolina Innovative Food Ingredients, Inc. It will produce dehydrated and juiced fruit and vegetable products. It will initially focus on ingredients derived from sweet potatoes. The new subsidiary will invest approximately $20 million over two years in a new juice and dehydration facility in Nash County, N.C. It’s expected to begin production during the first quarter of 2015 and will employ 64 people. The company said the venture will help supply its tobacco growers with a new market for sweet potatoes.
CarMax (KMX)
Board member Beth A. Stewart notified the company that she would resign as a director effective April 15. Her reason was to focus on her role as chief executive of Trewstar Corporate Board Services.
The company subsequently amended its bylaws to decrease the number of directors serving on the board from 11 to 10.
Dynex Capital (DX)
The REIT is offering 4.45 million shares of its common stock at $8.63 per share. It will seek to raise up to $38.4 million. The stock is being offered through a dividend reinvestment program for current shareholders and to new potential shareholders.
Genworth Financial (GNW)
Kevin Schneider, an executive vice president, exercised options for 5,926 shares for $7.80 per share. He then sold 4,320 shares at $16.21 each for total sale of $70,000.
Media General (MEG)
The company amended its credit agreement with Royal Bank of Canada and other lenders. It provides for up to $1.6 billion. The amendments will become effective upon Media General’s completion of its proposed merger with LIN Media.
Universal Corp. (UVV)
The leaf tobacco supplier said it has entered the fruit and vegetable food ingredients market through a new subsidiary, Carolina Innovative Food Ingredients, Inc. It will produce dehydrated and juiced fruit and vegetable products. It will initially focus on ingredients derived from sweet potatoes. The new subsidiary will invest approximately $20 million over two years in a new juice and dehydration facility in Nash County, N.C. It’s expected to begin production during the first quarter of 2015 and will employ 64 people. The company said the venture will help supply its tobacco growers with a new market for sweet potatoes.