Norfolk Southern Corporation · NYSE:NSC
Norfolk Southern — Proxy Contest (April 2024)
6 slides from Norfolk Southern's proxy contest presentation, Apr 18, 2024
Slide 1: Dear Fellow Shareholder
April 18, 2024 Dear Fellow Shareholder, Norfolk Southern’s A Better Way strategy is the foundation of our transformation, and is already delivering meaningful results. Our strategy, overseen by our fit-for-purpose board and executed by our proven management team, is the optimal path forward for our
Slide 2: Accelerating Our Productivity with John Orr
Accelerating Our Productivity with John Orr To accelerate operational improvement and the execution of our balanced strategy, on March 20, 2024, we brought in operational veteran John Orr as chief operating officer. Over his four-decade career, John has safely applied scheduled railroading principle
Slide 3: Operating ratio improvements and non-GAAP note
7 The operating ratio improvements represent adjusted operating ratio. See “Non-GAAP Financial Measures” below for information regarding the definition and reconciliation to GAAP operating ratio. To learn more, visit
Slide 4: Customers Are Supportive of Norfolk Southern and Are Concerned with Ancora's Plan
Do You Support NSC’s Strategic Plan How Do You Think the Activist’s or the Activist’s Strategic Plan? Strategic Plan Could Impact NSC’s Rail Service in the Next Year? Worse Service = No Chan, 0 NSC’s Plan Activists Plan Inditferent If The Activist’s Strategie Plan Is Implemented, How Would This Impa
Slide 5: Orr's Tenure at KCS vs Boychuk's Tenure at CSX
Orr’s Tenure at KCS Boychuk’s Tenure at CSX Train Speed Terminal Dwell Train Speed Terminal Dwell 1% 11% 17% 14% Improvement Improvement Deterioration Worsened KCS Mainline Accident Rate CSX Mainline Accident Rate (indexed to 100) (indexed to 100) 200 200 John Orr Tenure Jamie Boychuk Tenure 160 160
Slide 6: Your Vote Is Important!
YOUR VOTE IS IMPORTANT! If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies: