Norfolk Southern makes deal with investors to prevent another fight for control of the railroad [Yahoo! Finance]
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: Yahoo! Finance
Under the deal, Norfolk Southern will add another independent director to its board and work to further improve its operations. Ancora, meanwhile, agreed to drop its nominations of four new board directors to be elected at next year's annual meeting. The Ohio-based investor won three seats on the board earlier this year, but didn't win enough seats to make the sweeping changes , including replacing management, that it sought. But management changes came anyway in September, when former CEO Alan Shaw was fired for having an inappropriate relationship with the railroad's chief legal officer. CFO Mark George was promoted to lead the railroad alongside the new operating chief who was hired in the spring in the middle of the fight with Ancora. George has said he doesn't plan to abandon the strategy Shaw outlined, which aims to maintain more resources on hand during economic downturns so the railroad can provide better service and be prepared to respond to increased shipments when th
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NSC
Earnings
- 10/22/24 - Beat
NSC
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- NSC's page on the SEC website