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Luna claws back cash, benefits from former CEO Graeff
Luna Innovations declared this week that its former president and CEO, Scott Graeff, engaged in prohibited conduct in connection with a series of incorrect financial statements — triggering a claw back of severance and stock benefits payable to Graeff for his assisting the company after his March 24 retirement, according to the company. A personnel shakeup continued as Luna leadership also fired Chief Technology Officer Brian Soller for cause Friday … The disclosures appeared in a late Wednesday afternoon filing with the U.S. Securities and Exchange Commission and triggered a temporary plunge in company stock to near $2 a share.
Virginia Guard, Finland in formal partnership
The connection was forged nearly 25 years ago when soldiers from the Virginia National Guard‘s 29th Infantry Division served alongside soldiers from Finland on a peacekeeping rotation in Bosnia-Herzegovina. Now, Virginia’s Guard is the official state partner of Finland’s Defense Forces. Gov. Glenn Youngkin made it formal during a visit to Helsinki on his four-nation trade mission, signing a partnership agreement with Finnish Minister of Defense Antti Häkkänen.
UVa student protest diminishes in size as it enters third day
A student-led protest at the University of Virginia remained peaceful but had noticeably diminished in size as it entered its third day Thursday. UVa’s demonstration stands in stark contrast to how larger anti-Israel protests have unfolded across the country and the commonwealth. As of Thursday evening, there were roughly 40 protesters on UVa Grounds, mostly concentrated near the chapel adjacent to the university’s landmark Rotunda.
Luna Innovations considers options including sale or merger as it reports latest executive turnover
Luna Innovations Inc., a publicly traded Roanoke-based technology company, will consider a sale or merger among its options going forward, in the wake of financial reporting irregularities that led to the resignations of its chief executive officer and chief financial officer, and the firing of its chief technology officer. The company announced on Wednesday that it has found that former CEO Scott Graeff, who resigned in late March, had engaged in conduct that constituted “cause” under his contract, so Luna will cancel his severance payments and take back stock from him.
Adkins: 250 years later, Native Americans have a chance to reclaim the narrative
The 250th anniversary of the Declaration of Independence is a momentous occasion for the United States. It’s a time to celebrate the ideals enshrined in that document — life, liberty and the pursuit of happiness. However, for the Chickahominy people and other Native American tribes, this anniversary carries a more complex weight. The declaration, for all its eloquence, wasn’t written with us in mind. It spoke of freedom from tyranny, a right blatantly denied to my ancestors through broken treaties and forced removal from our lands.
Police raze pro-Palestine encampment at VCU; students outraged
Pro-Palestine VCU students protested what they called the ongoing genocide in Gaza on Monday, April 29, by building an encampment on campus. The protest began with song and dance and ended with pepper spray, smoke bombs and 13 arrests by police. The incident comes amid a wave of pro-Palestinian protests and consequential arrests on college campuses across the country. In Virginia, at least 94 protesters in total have been arrested at Virginia Tech and the University of Mary Washington over the last week. Students started peaceful protests at the University of Virginia and Christopher Newport University on Tuesday, April 30, and at James Madison University on Wednesday, May 1, according to reports by multiple Virginia newspapers.
These are the people who will decide Metro’s future
The Washington Metropolitan Area Transit Authority and the Metropolitan Washington Council of Governments (COG) have created a task force charged with developing a unified vision for the region’s transportation system and coming up with a sustainable funding model for Metro that is palatable to political leaders in D.C., Maryland and Virginia. The task force, dubbed DMV Moves, was unveiled in D.C. Wednesday at the first-ever joint board meeting of two organizations. The 20-person task force will be made up primarily of political leaders across D.C., Virginia and Maryland appointed by the Council of Governments as well as four representatives appointed by Metro.
Friday Read Centuries ago, Black freedmen found refuge harvesting oysters. A descendant carries on their legacy.
On a warm spring morning, Mary Hill is on a boat working her oyster grounds just north of the Crittenden Bridge in Chuckatuck Creek. “I’ve got about 500 acres out here,” she says, pointing to markers dotting the creek, which feeds into the Nansemond River. Thousands of oysters in buckets already line the boat’s perimeter while Hill and two colleagues lower a dredge into the water. The metal cage scrapes the bottom of the oyster beds. The crew raise it up, dump the bounty and start sifting through oyster shells, tossing small ones back into the water to replenish the reefs. To Hill, these mornings out on the water are more than just a job. It’s her family legacy.
Virginia Tech protesters call for charges, disciplinary action to be dropped
A group of pro-Palestinian protesters who were arrested decried Virginia Tech’s move to clear their encampment and urged the school to drop all legal charges and threats of disciplinary action against those who participated during a news conference Thursday. It was held on the Graduate Life Center lawn – where the encampment was located. Desiree Poets, an assistant professor of political science at Virginia Tech who was arrested on Sunday, said: “We, the faculty of Virginia Tech, demand from Virginia Tech, that they drop all charges against the peaceful protesters arrested on April 28 and 29. We additionally demand that they reinstate and that they protect students’ and faculty’s right to assembly, free speech, and protest moving forward.”
Rural Loudoun Residents Hear Opposition Strategies to NextEra Power Line
Nearly 200 residents filled the banquet hall at the Lovettsville Fire and Rescue Station Wednesday night for a meeting hosted by the Lovettsville chapter of the Loudoun Transmission Line Alliance about the proposed transmission line by NextEra Energy expected to cut through the western part of the county to Leesburg. The meeting was led by Alliance member Mary Terpak and included presentations by Piedmont Environmental Council Senior Land Use Planner Tia Earman, Waterford Foundation President Sue Manch and Scenic Loudoun Legal Defense representative Tom Donahue.