Richard Wolfson, general counsel of filtration and packaging company Clarcor, was plenty busy on the option front Wednesday. The 44-year-old, who has been with Franklin-based Clarcor since 2006, bought and sold tens of thousands of options and shares that resulted in a profit of about $240,000 and new share holdings worth another $400,000. Shares of Clarcor (Ticker: CLC) are up 5 percent so far in 2011 and almost 30 percent over the past year.
Looks like J. Marc Adam will get to stick around on Clarcor's board of directors for a little while longer. On Monday the filtration and packaging manufacturer's board unanimously voted to increase the mandatory retirement age for directors from 72 to 74, allowing Adam — who turned 72 prior to the company's annual meeting on Tuesday — to continue in his role through at least the end of the 2012 annual meeting.