Norfolk Southern digs in as board battle with Ancora heats up [Seeking Alpha]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
nscorp.com/content/nscorp/en/investor-relations.html
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Source: Seeking Alpha
"We've gone to the activist, and we've offered a settlement — their responses have been unreasonable at the determination of our board," stated Shaw. "Ancora's looking for wholesale change, and our board firmly believes that is, drives, long-term shareholder destruction," he added. Ancora has been putting pressure on Norfolk Southern ( NSC ) since February and would like to see wholesale changes such as the addition of eight directors and a new CEO. Ancora has also outlined a three-year proposal for Norfolk Southern ( NSC ) to cut costs. In a recent statement, Ancora said the Norfolk Southern ( NSC ) board refused to even speak with its proposed candidate for the Chief Operating Officer position, even though he oversaw best-in-class operating metrics and network efficiencies at CSX. "Rather than putting the best people in place to drive shareholder value, the Board seems to be making costly deals and poor decisions at the expense of shareholders in order to insulate CEO Alan Shaw
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NSC
News
- TFI's US LTL operations need heavier shipments, CEO says of Q1 results [Yahoo! Finance]Yahoo! Finance
- DHL to Pay $8.7 Million in Racial Discrimination Lawsuit Settlement [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 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