NEWS IN BRIEF

Construction starts soon on Hilton in LR

Construction of the Hilton Homewood Suites extended-stay hotel will begin within a month and is expected to be completed about 14 months later, said Wes Townson, vice president of the McKibbon Hotel Group of Gainesville, Ga.

McKibbon recently closed on the purchase of a half acre from River Market South LLC, a Moses and Tucker subsidiary, for $2.25 million. It is on the northern end of the block defined by Capitol and River Market avenues and Rock and Fourth streets in Little Rock.

The MacArthur Commons, an 84-apartment complex to be developed by Moses and Tucker, will be built on the southern half.

Townson said on Friday that Clark Contractors of Little Rock will be the contractor for the 115-room hotel.

McKibbon has built the Marriott Courtyard on President Clinton Avenue and the Hampton Inn and Suites and the Residence Inn by Marriott, both on River Market Avenue.

  • Jack Weatherly

Murphy Oil, spinoff list execs’ earnings

Roger Jenkins, president and chief executive officer of Murphy Oil Corp., earned about $11.6 million in 2013, the El Dorado-based company reported Friday in its proxy statement.

Jenkins, who replaced Steven Cosse, made about $1.06 million in salary, $1.9 million in incentive plan compensation, $6.7 million in stock and option awards, $1.79 million of exercised stock options and $133,483 in other compensation. Cosse was paid about $6.8 million. Kevin Fitzgerald, executive vice president and chief financial officer, was paid about $4.5 million.

Murphy Oil will hold its annual stockholders meeting at 10 a.m. May 14 at El Dorado’s South Arkansas Arts Center.

Murphy USA Inc. on Friday released its first proxy statement since its spinoff from Murphy Oil Corp.

Andrew Clyde, Murphy USA Inc.’s president and chief executive officer, was paid about $6.55 million.

Mindy West, executive vice president, chief financial officer and treasurer, made about $7.07 million.

Murphy USA Inc. will hold its annual meeting at 2 p.m. May 7 at the El Dorado Conference Center.

  • Jessica Seaman

State index climbs 1.21; 13 issues gain

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 1.21 to 335.69 Friday.

Thirteen stocks rose and four declined.

First Federal Bancshares climbed 3.4 percent in light trading. Both Arkansas Best and P.A.M. Transportation Services rose 3 percent. Bank of the Ozarks shares fell 2.8 percent.

Volume for the index was 36.2 million shares. The average daily volume for the week was 20.8 million shares.

The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business, Pages 27 on 03/22/2014

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