Ancora, Norfolk Southern strike settlement deal to avert proxy fight [CNBC]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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nscorp.com/content/nscorp/en/investor-relations.html
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Source: CNBC
Norfolk's board will expand from 13 members to 14 members as part of the settlement, the railroad said. Norfolk Southern and activist Ancora struck a deal to avert a second proxy fight in as many years, the railroad announced Thursday morning. Norfolk's board will expand from 13 members to 14 members as part of the settlement, the railroad said. An unspecified candidate will join the railroad's board after a search process, the company said. Ancora had nominated four candidates to Norfolk's board in anticipation of an eventual proxy fight but withdrew those candidates as part of the cooperation agreement. Ancora had been expected to pursue a second proxy fight after former CEO Alan Shaw, whom the activist had targeted for removal, was ousted over an inappropriate workplace relationship with the company's chief legal officer. ? I am confident that together with Ancora we will find the right independent director to join our board ,” Norfolk chief Mark George said. Ancora got
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News
- Norfolk Southern Insiders Added US$5.00m Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern to present at Stephens Annual Investment ConferencePR Newswire
- Norfolk Southern makes deal with investors to prevent another fight for control of the railroad [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern to add new board member as part of deal with Ancora Holdings [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern to Add New Director Under Settlement Deal With Ancora [Yahoo! Finance]Yahoo! Finance
NSC
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- 10/22/24 - Beat
NSC
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- 11/14/24 - Form 8-K
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- NSC's page on the SEC website