Tejon Ranch Announces Board Restructuring Following Vote

Tejon Ranch Unveils Results of 2025 Shareholder Election

TEJON RANCH, Calif. – Tejon Ranch Co. (NYSE:TRC), a prominent name in diversified real estate development and agribusiness, recently disclosed the outcomes from its significant 2025 Annual Meeting of Shareholders. The finalized tally, overseen by an independent election inspector, confirmed that shareholders have re-elected several key board members: Steven Betts, Gregory Bielli, Denise Gammon, Anthony Leggio, Jeffrey McCall, Norman Metcalfe, Eric Speron, Daniel Tisch, and Kenneth Yee. Additionally, Andrew Dakos has been elected to join the board, marking an important step for the company.

Shareholders Show Strong Support

In the wake of the election results, Tejon Ranch expressed deep gratitude for the robust backing from its shareholders. The company released a statement highlighting their appreciation for the affirmation of the board's experience and vision, underscoring the overwhelming support for their existing leadership. The message conveyed a commitment to continuing successful land entitlement and master-planned community development practices.

Engaging with Shareholders

Throughout this process, Tejon Ranch actively engaged with a diverse range of shareholders, gathering valuable insights and perspectives. The company expressed its intent to take this feedback into account, affirming the results of the election as a reflection of shareholder confidence as well as a reminder of their responsibility. The board aims to uphold trust within the community by maintaining disciplined execution and clear communication.

Welcome Andrew Dakos

As the newest board member, Andrew Dakos, a Principal & Partner with Bulldog Investors, expressed his belief that Tejon Ranch's stock does not fully reflect the value of its assets. He looks forward to collaborating with the existing board and management team in maximizing shareholder value, making his arrival a significant moment for the company's future endeavors.

Recognition of Departing Board Member

Tejon Ranch also took the opportunity to recognize the contributions of Michael Winer, who has served on the board for 24 years. His tenure brought critical insights and experience, and the company wished him well in his future pursuits as he steps down.

Filing with the SEC

In connection with the shareholder meeting, Tejon Ranch will be filing the final voting results with the U.S. Securities and Exchange Commission via a Form 8-K. This transparency initiative underscores the company's commitment to keeping shareholders informed about significant governance changes.

About Tejon Ranch Co.

Tejon Ranch Co. is recognized as a leader in the real estate development and agribusiness sectors. The company possesses a remarkable 270,000-acre land holding strategically located approximately 60 miles north of a major metropolitan area in California. Tejon Ranch is dedicated to innovating sustainable developments while maximizing the potential of its vast resources.

Frequently Asked Questions

What are the major outcomes of the 2025 Annual Meeting?

Shareholders voted to re-elect several board members and welcomed Andrew Dakos to the board.

Why is Andrew Dakos's election significant?

His experience is expected to help enhance shareholder value and steer the company's strategic direction.

What role did Michael Winer play in the company?

Michael Winer served as a board member for 24 years, providing valuable insights and guidance throughout his tenure.

How does Tejon Ranch engage with its shareholders?

Tejon Ranch actively communicates with shareholders to gather feedback and understand diverse perspectives regarding corporate governance.

What is the mission of Tejon Ranch Co.?

Tejon Ranch aims to successfully develop its land while maximizing value in real estate and agribusiness sectors, sustaining growth and innovation.

About The Author

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