TRC - Nitor Capital Management Commends Tejon Ranch Stockholders for Withholding Support for Certain Directors and Voting Against Executive Compensation at Upcoming Annual Meeting | Benzinga
Highlights ISS and Glass Lewis Recommend to Withhold Votes for Nominating Committee Chair Michael H. Winer and Glass Lewis Recommends Voting Against Executive Compensation
Urges Stockholders to Withhold Support for Steven A. Betts, Norman J. Metcalfe, Geoffrey L. Stack and Michael H. Winer and Vote Against Executive Compensation
ENGLEWOOD CLIFFS, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Nitor Capital Management LLC (together with its affiliates, "Nitor Capital Management" or "we"), a significant stockholder of Tejon Ranch Company (NYSE:TRC) ("Tejon Ranch" or the "Company") which beneficially owns approximately 1.8% of Tejon Ranch's outstanding shares, today commented on the Company's upcoming annual meeting of stockholders scheduled to be held on May 14, 2024.
"We wanted to commend our fellow stockholders, California State Teachers' Retirement System (CalSTRS) and Calvert Research and Management for joining us in taking an important first step to hold the Board accountable for the Company's over ...