Norfolk Southern CEO says activist investor's responses to settlement are ‘unreasonable' [CNBC]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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Source: CNBC
proxy fight with the railroad company's board, during an interview with Jim Cramer on Wednesday. “We've gone to the activist, and we've offered a settlement — their responses have been unreasonable at the determination of our board,” he said. “Ancora's looking for wholesale change, and our board firmly believes that is, drives, long-term shareholder destruction.” Norfolk Southern faced criticism over the past year after one of its freight trains derailed in East Palestine, Ohio in February 2023 and released toxic chemicals into the soil, water and air. Based in Cleveland, Ohio, 90 minutes from East Palestine, Ancora challenged Norfolk Southern in February, aiming to add eight directors to the board and oust Shaw as CEO. Ancora has strongly criticized Shaw, saying in a presentation that he is a “30-year insider” who lacks “the strategic operating and financial experience needed to effectively oversee Norfolk Southern during this critical period.” Shaw maintained that the existi
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News
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- The Brotherhood of Locomotive Engineers and Trainmen, an Affiliate of the International Brotherhood of Teamsters, Calls for New Leadership at Norfolk Southern [Yahoo! Finance]Yahoo! Finance
- The Brotherhood of Locomotive Engineers and Trainmen, an Affiliate of the International Brotherhood of Teamsters, Calls for New Leadership at Norfolk SouthernBusiness Wire
- Ancora’s Proposed Directors and Management for Norfolk Southern Win Support from the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of TeamstersBusiness Wire
NSC
Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DFAN14A
- NSC's page on the SEC website