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Leading Proxy Advisory Firm ISS Recommends Shareholders Vote “FOR” ONLY Tejon’s 10 Director Nominees
TEJON RANCH, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today announced that Institutional Shareholder Services (ISS) has recommended that shareholders vote “FOR” ONLY Tejon’s 10 highly-qualified director nominees on the Company’s WHITE Proxy Card in connection with its Annual Meeting of Shareholders scheduled for May 13, 2025. In its May 2, 2025, report, ISS highlighted:1 Bulld
About this update from Tejon Ranch Co
[{"type":"image","alt":"Tejon Ranch Co","displaySize":"","headline":null,"caption":"Tejon Ranch Co","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":122,"url":"https://media.zenfs.com/en/globenewswire.com/62ec3c694364e3068b9409435b0f83ea"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/c5b7LJqPJJA2Y1bG1EVdAA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE3MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/62ec3c694364e3068b9409435b0f83ea","width":300,"height":122}},"lazy":false},{"type":"text","content":"TEJON RANCH, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today announced that Institutional Shareholder Services (ISS) has recommended that shareholders vote “FOR” ONLY Tejon’s 10 highly-qualified director nominees on the Company’s WHITE Proxy Card in connection with its Annual Meeting of Shareholders scheduled for May 13, 2025.","length":448,"tagName":"p"},{"type":"text","content":"In its May 2, 2025, report, ISS highlighted:1","length":45,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Bulldog Investors (“Bulldog”) “has not presented a compelling case for change. As such, support for all management nominees is warranted on the management card.”","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"“Moreover, the dissident does not even provide a public view on which management nominees it hopes to unseat, and two of the dissident's three nominees are already overboarded. As such, the dissident has not presented a compelling case for change.”","length":252,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":413,"olType":false},{"type":"text","content":"Tejon issued the following statement:","length":37,"tagName":"p"},{"type":"text","content":"We are pleased that ISS has recommended shareholders vote “FOR” all 10 of Tejon’s director nominees. ISS’s endorsement reinforces what we believe and what many of our long-term shareholders recognize: Tejon’s Board has the right mix of experience, discipline, and strategic vision to continue unlocking the full value of our unmatched land portfolio.","length":350,"tagName":"p","attribs":{}},{"type":"text","content":"ISS’s support confirms that Tejon’s Board is best positioned to protect shareholder value and Bulldog...