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News Breaks
June 27, 2014
17:07 EDTCHCIComstock Homebuilding enters into option agreement with former COO
Comstock Holding Companies announced its entry into an option and separation agreement with Gregory Benson, former COO. Benson has granted the company, or its designee, an option through June 30, 2015 to purchase all or a portion of his Class A and Class B common stock for a price of $1.09 a share. The company may execute the repurchase in a single or in multiple transactions during the option period, provided the first such purchase includes a minimum of 1M shares. Additionally, the company announced that pursuant to Bensonís employment contract, the company will pay Benson severance of up to $597,000, payable over an 18-month period commencing from May 1, which is approximately the amount of Bensonís ordinary base salary during the severance period. Benson remains on the companyís board. His current term will expire at the companyís 2015 annual meeting of stockholders.
News For CHCI From The Last 14 Days
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November 10, 2014
08:14 EDTCHCIComstock unit acquires 24 developed building lots in Virginia
Comstock Homes of Washington, LC, a wholly owned subsidiary of Comstock Holding Companies, announced that it has acquired 24 developed building lots, known as The Estates at Leeland, in Fredericksburg, Virginia within Stafford County. Comstock will introduce an all-new line of single-family detached product at the community, which is located approximately one mile from the Virginia Railway Express Commuter Station on Leeland Road.

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