LabCorp announces board changes


BURLINGTON — LabCorp (NYSE: LH) announced that Robert E. Mittelstaedt Jr., lead independent director, will retire from the board of directors at the conclusion of his current term on May 9, 2019, and that director Adam H. Schechter has been elected to serve as lead independent director, effective Jan. 2, 2019, so that he and Mittelstaedt may work together on a smooth transition. Mittelstaedt will retire from the board pursuant to the company’s mandatory retirement policy which provides that when a director reaches the age of 75 he or she is not eligible to stand for re-election at the next regularly scheduled annual shareholder meeting. Mittelstaedt became a director of LabCorp in 1996.


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Pinnacle outpaces projections


NASHVILLE — Pinnacle Financial Partners’ longstanding hiring strategy continues to build momentum for growth across the firm’s franchise. The firm made significant commercial and industrial hires and is still running ahead of schedule in meeting its stated goal of hiring 65 C&I and private banking financial advisors in the Carolinas and Virginia. During the second quarter, the firm recruited 16 new revenue producers in these markets compared to 10 in the first quarter. For more information, visit www.pnfp.com.


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Company raises $1.8 million


CHAPEL HILL — A food processing company helping local farmers has raised $1.8 million in a private equity offering, according to a filing Wednesday with the Securities and Exchange Commission. Seal the Seasons Inc. raised the money from 13 investors. In March, the company raised $160,000 in a debt offering and in November, $735,000 in a private debt offering through 20 investors. The company flash freezes produce to enable small to mid-sized local farmers to market their produce in grocery stores year round. Its products are available in Harris Teeter, The Fresh Market, Whole Foods Market, Ingles and Lowes Foods.


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