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Stock impact report

GLENBROOK CAPITAL MANAGEMENT RELEASES OPEN LETTER TO TEJON RANCH BOARD CALLING FOR TRANSPARENCY [Yahoo! Finance]

Tejon Ranch Co (TRC) 
US:NYSE Investor Relations: ir.tejonranch.com
Company Research Source: Yahoo! Finance
PALO ALTO, Calif. May 23, 2024 /PRNewswire/ -- Glenbrook Capital Management ("Glenbrook" or "we"), a long-time shareholder of Tejon Ranch Co. (NYSE:TRC) ("Tejon"), today issued the following open letter to the Chairman of the Nominating and Corporate Governance Committee of Tejon's Board of Directors May 23, 2024 Tejon Ranch Co. P.O. Box 1000 Tejon Ranch California Attn: Michael H. Winer , Chairman of the Nominating and Corporate Governance Committee Dear Mr. Winer, You will remember that we wrote to you two years ago in connection with our shareholder proposal that Tejon Ranch Co. ("Tejon" or the "Company") should hold quarterly earnings calls like 97% of NYSE listed companies. Because of Tejon's out of hand rejection of our prior plea that Tejon should behave like a normal public company, we are skeptical that what Nitor Capital Management LLC ("Nitor") referred to as "a wake-up call" (namely May's overwhelming shareholder vote against management) has registered with Show less Read more
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