Activist Ancora Wins Three Norfolk Southern Board Seats but Will Not Oust CEO [The New York Times]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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Source: The New York Times
Shareholders of Norfolk Southern, the beleaguered freight railroad, on Thursday voted down an attempt by an activist investment firm to remove the company’s chief executive and take control of its board.But the activist, Ancora, a Cleveland firm, managed to secure a foothold at the company, after shareholders voted to place three of its directors onto Norfolk Southern’s 13-member board. Ancora had hoped to take control of the company’s leadership with an aim to cut costs and increase Norfolk Southern’s profits and stock price.The result is a partial victory for Norfolk Southern’s executives, who had to defend themselves against criticisms of the company’s safety record and its lackluster financial performance. A company train carrying hazardous chemicals derailed last year in East Palestine, Ohio, forcing residents to evacuate.The results of the shareholder vote, which are preliminary, were announced Thursday morning at a virtual company annual meeting.During the meeting, Alan Shaw, N
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News
- Which Is A Better Pick – Norfolk Southern Or Snowflake Stock? [Forbes]Forbes
- Norfolk Southern to present at Wolfe 17th Annual Global Transportation and Industrials Conference [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern to present at Wolfe 17th Annual Global Transportation and Industrials ConferencePR Newswire
- East Palestine resident says whistleblower is 'tip of the iceberg' for disaster response 'cover-up' [FOX Business Network]FOX Business Network
- To hold team members accountable, trust them, says JLL boss Christian Ulbrich [Fortune]Fortune
NSC
Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 5/15/24 - Form 8-K
- 5/14/24 - Form 4
- 5/10/24 - Form 144
- NSC's page on the SEC website