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Norfolk Southern Corporation (0K8M.L)
- Reuters
Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors
Egan-Jones is the third proxy advisory firm to support Ancora director candidates after Institutional Shareholder Services supported five of Ancora's seven nominees and Glass-Lewis backed six of the hedge fund's director candidates. Egan-Jones said the Atlanta-based railway's board has failed its "oversight responsibilities by allowing a non-optimum approach to operational transformation" at Norfolk Southern.
- Reuters
Egan Jones recommends Ancora's board nominees in Norfolk Southern proxy fight
Proxy advisory firm Egan Jones said on Thursday that it recommended Norfolk Southern shareholders vote for activist investor Ancora's nominees to the company's board and backed a CEO change at the railroad. The advisory firm said it favored Ancora's plan to replace the company's current CEO Alan Shaw with former UPS executive Jim Barber and elect seven of its candidates to the railroad's 13-member board.
- Business Wire
General Chairmen of the Brotherhood of Locomotive Engineers and Trainmen, Representing Members at Norfolk Southern, Address CEO Alan Shaw’s "Unfounded and Desperate" Attacks on Labor Discussions
INDEPENDENCE, Ohio, May 02, 2024--The three Brotherhood of Locomotive Engineers and Trainmen ("BLET") General Chairmen (Scott Bunten, Dewayne Dehart, and Jerry Sturdivant), who are affiliated with the International Brotherhood of Teamsters and represent members at Norfolk Southern Corporation (NYSE: NSC) ("Norfolk Southern"), issued the following statement:
