UPDATE 1-Ancora scores in Norfolk Southern proxy fight with Glass Lewis recommendation [Yahoo! Finance]
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: Yahoo! Finance
when proxy advisory firm Glass Lewis recommended investors in the railway replace its CEO and others with six of the activist investor's board director candidates. Glass Lewis said that CEO Alan Shaw and other long-serving directors shoulder much of the blame for Norfolk Southern's underperformance and that it is time for a board shake-up. "Ancora has presented a compelling case for supporting a substantial overhaul of the Company's current leadership," said the Glass Lewis report, which was seen by Reuters. Ancora is seeking to replace Shaw with Jim Barber, a former United Parcel Service executive, who Glass Lewis said had "compelling credentials". It recommended shareholders withhold support from Shaw. Norfolk has rejected all of Ancora's nominees saying they would not bring fresh skills or experience, but proposed plans in February to add two new directors to its board. Glass Lewis and its bigger competitor, Institutional Investor Services (ISS), can help guide investors
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News
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- Norfolk Southern welcomes new board members, reiterates commitment to shareholders [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern welcomes new board members, reiterates commitment to shareholdersPR Newswire
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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