Glenbrook Capital Engages with Tejon's Board of Directors

Published: 2025-05-22 16:52:45 ET TRC

Published on 05/22/2025 at 16:52

On May 22, 2025, Glenbrook Capital Management announced that it has engaged with Tejon Ranch Co and urged the Company?s Board of Directors to implement PFS Trust's shareholder proposal to allow Company shareholders owning a combined 10% of outstanding shares to call a special meeting of shareholders, and Glenbrook Capital questioned the Company?s timing and motive behind Company quietly filing a $200 million shelf offering 3 days after the Company Annual Meeting of Shareholders and before the newly elected Company board can properly consider it.