{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-15T16:49:49.291420+00:00","company":{"ticker":"TRC","cik":96869,"company_name":"TEJON RANCH CO"},"pagination":{"limit":100,"returned":26,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"AgWest Farm Credit, PCA","detail":"credit_facility","count":1,"first_seen":"2023-11-20T23:59:59+00:00","last_seen":"2023-11-20T23:59:59+00:00","evidence_fact_ids":[92210]},{"display_name":"Bank of America, N.A.","detail":"credit_facility","count":1,"first_seen":"2023-11-20T23:59:59+00:00","last_seen":"2023-11-20T23:59:59+00:00","evidence_fact_ids":[92211]}],"lender":[{"display_name":"AgWest Farm Credit, PCA","detail":"revolving_credit","count":1,"first_seen":"2023-11-20T23:59:59+00:00","last_seen":"2023-11-20T23:59:59+00:00","evidence_fact_ids":[92213]}]},"facts":[{"fact_type":"shareholder_vote","fact_key":"2e36e1f4f76216a373f59c5dbe3a880c8b934cf1","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2026-05-15T01:12:43+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Advisory Vote to Approve Executive Compensation","proposal_type":"say_on_pay","results":[{"broker_non_votes":"2,611,423","subject":null,"votes_abstain":"261,908","votes_against":"1,796,845","votes_for":"20,112,826","votes_withheld":null}]},"claim":"TEJON RANCH CO shareholders approved Advisory Vote to Approve Executive Compensation at the 2026-05-13 meeting.","evidence_excerpt":"Proposal 5 Advisory Vote to Approve Executive Compensation The Company’s executive compensation for our named executive officers, as described in the Proxy Statement, was approved on an advisory, non-binding basis, by the following vote: For Against Abstain Broker Non-Votes 20,112,826 1,796,845 261,908 2,611,423","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001193125-26-224752","anchor_url":"https://secwatch.observer/filing/0001193125-26-224752#claim-2e36e1f4f76216a373f59c5dbe3a880c8b934cf1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312526224752/0001193125-26-224752-index.htm"},{"fact_type":"shareholder_vote","fact_key":"f414f555c43c41321e56f9d25834b6658a959a38","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2026-05-15T01:12:43+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Ratification of the Appointment of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"61,677","votes_against":"115,894","votes_for":"24,605,431","votes_withheld":null}]},"claim":"TEJON RANCH CO shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2026-05-13 meeting.","evidence_excerpt":"Proposal 4 The Ratification of the Appointment of Independent Registered Public Accounting Firm Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year was approved by the following vote: For Against Abstain 24,605,431 115,894 61,677","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001193125-26-224752","anchor_url":"https://secwatch.observer/filing/0001193125-26-224752#claim-f414f555c43c41321e56f9d25834b6658a959a38","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312526224752/0001193125-26-224752-index.htm"},{"fact_type":"shareholder_vote","fact_key":"f60e847aa963c14544a3ce02898816bf7c7e01a8","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH 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as follows: For Against Abstain Broker Non-Votes 19,453,704 2,657,015 60,860 2,611,423","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001193125-26-224752","anchor_url":"https://secwatch.observer/filing/0001193125-26-224752#claim-f60e847aa963c14544a3ce02898816bf7c7e01a8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312526224752/0001193125-26-224752-index.htm"},{"fact_type":"shareholder_vote","fact_key":"1df9a632dc70d110f0ee8a442846a5181e19b3b3","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2026-05-15T01:12:43+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Approval of Amendment to Our Certificate of Incorporation to Provide Certain Shareholders Special Meeting Rights","proposal_type":"charter_amendment","results":[{"broker_non_votes":"2,611,423","subject":null,"votes_abstain":"402,029","votes_against":"650,004","votes_for":"21,119,546","votes_withheld":null}]},"claim":"TEJON RANCH CO shareholders approved Approval of Amendment to Our Certificate of Incorporation to Provide Certain Shareholders Special Meeting Rights at the 2026-05-13 meeting.","evidence_excerpt":"Proposal 2 Approval of Amendment to Our Certificate of Incorporation to Provide Certain Shareholders Special Meeting Rights The voting results for the approval of the Company’s proposed amendment to its Certificate of Incorporation to provide certain shareholders special meeting rights were as follows: For Against Abstain Broker Non-Votes 21,119,546 650,004 402,029 2,611,423","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001193125-26-224752","anchor_url":"https://secwatch.observer/filing/0001193125-26-224752#claim-1df9a632dc70d110f0ee8a442846a5181e19b3b3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312526224752/0001193125-26-224752-index.htm"},{"fact_type":"shareholder_vote","fact_key":"6ee98b67d5e3de5a4360d9610107524df8581fce","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2026-05-15T01:12:43+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-13","outcome":"passed","proposal_text":"Election of Nine Directors","proposal_type":"director_election","results":[{"broker_non_votes":"2,611,423","subject":"Steven A. Betts","votes_abstain":null,"votes_against":null,"votes_for":"21,315,196","votes_withheld":"856,383"},{"broker_non_votes":"2,611,423","subject":"Gregory S. Bielli","votes_abstain":null,"votes_against":null,"votes_for":"18,616,084","votes_withheld":"3,555,495"},{"broker_non_votes":"2,611,423","subject":"Andrew Dakos","votes_abstain":null,"votes_against":null,"votes_for":"21,216,629","votes_withheld":"954,950"},{"broker_non_votes":"2,611,423","subject":"Denise Gammon","votes_abstain":null,"votes_against":null,"votes_for":"21,566,632","votes_withheld":"604,947"},{"broker_non_votes":"2,611,423","subject":"Anthony L. Leggio","votes_abstain":null,"votes_against":null,"votes_for":"21,423,830","votes_withheld":"747,749"},{"broker_non_votes":"2,611,423","subject":"Jeffrey J. McCall","votes_abstain":null,"votes_against":null,"votes_for":"21,608,147","votes_withheld":"563,432"},{"broker_non_votes":"2,611,423","subject":"Norman J. Metcalfe","votes_abstain":null,"votes_against":null,"votes_for":"20,572,145","votes_withheld":"1,599,434"},{"broker_non_votes":"2,611,423","subject":"Eric H. Speron","votes_abstain":null,"votes_against":null,"votes_for":"21,666,070","votes_withheld":"505,509"},{"broker_non_votes":"2,611,423","subject":"Daniel R. Tisch","votes_abstain":null,"votes_against":null,"votes_for":"20,483,706","votes_withheld":"1,687,873"}]},"claim":"TEJON RANCH CO shareholders approved Election of Nine Directors at the 2026-05-13 meeting.","evidence_excerpt":"Proposal 1 Election of Nine Directors Voting results for the election of directors were as follows: Nominees For Withhold Broker Non-Votes Steven A. Betts 21,315,196 856,383 2,611,423 Gregory S. Bielli 18,616,084 3,555,495 2,611,423 Andrew Dakos 21,216,629 954,950 2,611,423 Denise Gammon 21,566,632 604,947 2,611,423 Anthony L. Leggio 21,423,830 747,749 2,611,423 Jeffrey J. McCall 21,608,147 563,432 2,611,423 Norman J. Metcalfe 20,572,145 1,599,434 2,611,423 Eric H. Speron 21,666,070 505,509 2,611,423 Daniel R. Tisch 20,483,706 1,687,873 2,611,423","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001193125-26-224752","anchor_url":"https://secwatch.observer/filing/0001193125-26-224752#claim-6ee98b67d5e3de5a4360d9610107524df8581fce","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312526224752/0001193125-26-224752-index.htm"},{"fact_type":"earnings_release","fact_key":"4b5bc9a4300f7363497e63642ee0bb75d8bdfe4c","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2026-05-07T23:59:59+00:00","payload":{"eps_text":"$0.01/share basic and diluted","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$0.2 million","period_text":"the first quarter ended March 31, 2026","report_date":"2026-05-07","result_type":"reported_results","revenue_text":"$10.8 million"},"claim":"TEJON RANCH CO reported the first quarter ended March 31, 2026 results: revenue $10.8 million, net income $0.2 million, EPS $0.01/share basic and diluted.","evidence_excerpt":"TEJON RANCH CO. ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS TEJON RANCH, California - May 7, 2026 - Tejon Ranch Co. (NYSE:TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights • Net income attributable to common stockholders increased by $1.6 million to $0.2 million ($0.01/share basic and diluted), compared to a loss of $1.5 million, ($0.05/share) in the first quarter of 2025. • Revenues and other income, including equity in earnings of unconsolidated joint ventures increased by $1.3 million to $10.8 million, compared to $9.6 million, while overall results also benefited from lower operating expenses compared to the first quarter of 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-26-210595","anchor_url":"https://secwatch.observer/filing/0001193125-26-210595#claim-4b5bc9a4300f7363497e63642ee0bb75d8bdfe4c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312526210595/0001193125-26-210595-index.htm"},{"fact_type":"earnings_release","fact_key":"e38db5e8ab8d54501ae4b9c2282bcece76974fd6","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2026-03-19T23:59:59+00:00","payload":{"eps_text":"$0.06/share basic and diluted","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$1.6 million ($0.06/share basic and diluted)","period_text":"the fourth quarter and year-ended December 31, 2025","report_date":"2026-03-19","result_type":"reported_results","revenue_text":"$23.3 million"},"claim":"TEJON RANCH CO reported the fourth quarter and year-ended December 31, 2025 results: revenue $23.3 million, net income $1.6 million ($0.06/share basic and diluted), EPS $0.06/share basic and diluted.","evidence_excerpt":"compared to $4.5 million ($0.17/share) in fourth quarter of 2024. • Revenues and other income, including equity in earnings from unconsolidated joint ventures, increased 8% to\n$23.3 million, compared to $21.6 million. • Farming segment revenues increased 26% to $12.2 million, compared to $9.7 million. • Adjusted EBITDA, a non-GAAP measure, increased 9% to $11.4","confidence":0.85,"filing_url":"https://secwatch.observer/filing/0001193125-26-115207","anchor_url":"https://secwatch.observer/filing/0001193125-26-115207#claim-e38db5e8ab8d54501ae4b9c2282bcece76974fd6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312526115207/0001193125-26-115207-index.htm"},{"fact_type":"governance_change","fact_key":"7a05b6728f6dcf21b90857c74876eff5229a59c5","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2025-12-15T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2025-12-10","item_codes_triggered":["5.03"],"summary_text":"Amended and Restated Bylaws to align with DGCL, clarify meeting procedures, voting thresholds, and committee reporting, and delete outdated references."},"claim":"TEJON RANCH CO: Amended and Restated Bylaws to align with DGCL, clarify meeting procedures, voting thresholds, and committee reporting, and delete outdated references (effective 2025-12-10).","evidence_excerpt":"On December 10, 2025, as part of a periodic review of corporate governance matters, the Board of Directors (the “Board) of Tejon Ranch Company (the “Company”) approved Amended and Restated Bylaws of the Company (as so amended and restated, the “Bylaws”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-25-319192","anchor_url":"https://secwatch.observer/filing/0001193125-25-319192#claim-7a05b6728f6dcf21b90857c74876eff5229a59c5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312525319192/0001193125-25-319192-index.htm"},{"fact_type":"executive_change","fact_key":"08195fbb7b","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2025-03-17T23:59:59+00:00","payload":{"action":"not stand for reelection","action_category":"departure","departure_tone":"routine","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Rhea Frawn Morgan departed as Director at TEJON RANCH CO.","evidence_excerpt":"On March 12, 2025, Tejon Ranch Co. (\"Company\") Director Rhea Frawn Morgan informed the Company that she will not stand for reelection as a director at the 2025 annual meeting","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-055487","anchor_url":"https://secwatch.observer/filing/0001193125-25-055487#claim-08195fbb7b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312525055487/0001193125-25-055487-index.htm"},{"fact_type":"executive_change","fact_key":"dae6530ef9","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2025-02-11T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-31","interim":false,"role":"President and Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Matthew H. Walker was appointed as President and Chief Executive Officer at TEJON RANCH CO.","evidence_excerpt":"after which date Mr. Walker has been appointed and will begin serving as President and Chief Executive Officer of the Company","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-024064","anchor_url":"https://secwatch.observer/filing/0001193125-25-024064#claim-dae6530ef9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/0001193125-25-024064-index.htm"},{"fact_type":"executive_change","fact_key":"643f56772f","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2025-02-11T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-06","interim":true,"role":"Chief Operating Officer","role_category":"coo","successor_name":null,"successor_named":false},"claim":"Matthew H. Walker was appointed as Chief Operating Officer at TEJON RANCH CO.","evidence_excerpt":"appointed Matthew H. Walker, age 54, to serve as Chief Operating Officer effective March 6, 2025 through March 31, 2025","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-024064","anchor_url":"https://secwatch.observer/filing/0001193125-25-024064#claim-643f56772f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/0001193125-25-024064-index.htm"},{"fact_type":"executive_change","fact_key":"ec2102d7ec","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2025-02-11T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2025-03-31","interim":false,"role":"President and Chief Executive Officer","role_category":"ceo","successor_name":"Matthew H. Walker","successor_named":true},"claim":"Gregory S. Bielli retired as President and Chief Executive Officer at TEJON RANCH CO.","evidence_excerpt":"the previously reported retirement of Gregory S. Bielli, who has served in this capacity with the Company since December 2013.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-024064","anchor_url":"https://secwatch.observer/filing/0001193125-25-024064#claim-ec2102d7ec","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312525024064/0001193125-25-024064-index.htm"},{"fact_type":"executive_change","fact_key":"25c7f7e37b","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2024-11-05T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2024-12-11","interim":false,"role":"Director","role_category":"director","successor_name":"Kenneth Yee","successor_named":true},"claim":"Geoffrey L. Stack retired as Director at TEJON RANCH CO.","evidence_excerpt":"Mr. Yee will fill an upcoming vacancy resulting from the December 11, 2024 retirement of long-time Director Geoffrey L. 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Stack departed as director at TEJON RANCH CO.","evidence_excerpt":"In a letter dated November 1, 2024, Director Geoffrey L. Stack informed the Board of Directors that he will retire as a director of Tejon Ranch Co. (“Company”) effective upon the adjournment of the December 11, 2024 regular meeting of the Board of Directors.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-24-250433","anchor_url":"https://secwatch.observer/filing/0001193125-24-250433#claim-d0d7b1e574","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312524250433/0001193125-24-250433-index.htm"},{"fact_type":"shareholder_vote","fact_key":"bb0649c645f314e0668fb1a3d62a816833bba786","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2024-05-16T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-14","outcome":"passed","proposal_text":"Advisory vote to approve named executive officer compensation","proposal_type":"say_on_pay","votes_abstain_text":"111,124","votes_against_text":"8,440,983","votes_for_text":"13,135,077"},"claim":"TEJON RANCH CO shareholders approved Advisory vote to approve named executive officer compensation at the 2024-05-14 meeting.","evidence_excerpt":"(the “Company”) held on May 14, 2024: (1) the election of eight Directors, (2) the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2024 and (3) an advisory vote to approve named executive officer compensation. The Company’s stockholders elected the eight Directors, approved the appointment of Deloitte & Touche LLP and approved the advisory vote on executive compensation.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-24-140298","anchor_url":"https://secwatch.observer/filing/0001193125-24-140298#claim-bb0649c645f314e0668fb1a3d62a816833bba786","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312524140298/0001193125-24-140298-index.htm"},{"fact_type":"shareholder_vote","fact_key":"87b51c721fb65eab5294cec1a40a0d9d6d4c591b","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2024-05-16T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-14","outcome":"passed","proposal_text":"Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2024","proposal_type":"auditor_ratification","votes_abstain_text":"168,304","votes_against_text":"437,761","votes_for_text":"23,133,094"},"claim":"TEJON RANCH CO shareholders approved Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2024 at the 2024-05-14 meeting.","evidence_excerpt":"(the “Company”) held on May 14, 2024: (1) the election of eight Directors, (2) the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2024 and (3) an advisory vote to approve named executive officer compensation.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-24-140298","anchor_url":"https://secwatch.observer/filing/0001193125-24-140298#claim-87b51c721fb65eab5294cec1a40a0d9d6d4c591b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312524140298/0001193125-24-140298-index.htm"},{"fact_type":"shareholder_vote","fact_key":"47ab46b5abef302b0820bd997b4713c91659fca3","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2024-05-16T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-14","outcome":"passed","proposal_text":"Election of eight Directors","proposal_type":"director_election","votes_abstain_text":null,"votes_against_text":null,"votes_for_text":null},"claim":"TEJON RANCH CO shareholders approved Election of eight Directors at the 2024-05-14 meeting.","evidence_excerpt":"(the “Company”) held on May 14, 2024: (1) the election of eight Directors, (2) the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2024 and (3) an advisory vote to approve named executive officer compensation.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-24-140298","anchor_url":"https://secwatch.observer/filing/0001193125-24-140298#claim-47ab46b5abef302b0820bd997b4713c91659fca3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312524140298/0001193125-24-140298-index.htm"},{"fact_type":"executive_change","fact_key":"d53329ee40","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2024-03-26T23:59:59+00:00","payload":{"action":"announced intent to retire","action_category":"departure","departure_tone":"retirement","effective_date":"2024-12-31","interim":false,"role":"President and Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Gregory Bielli departed as President and Chief Executive Officer at TEJON RANCH CO.","evidence_excerpt":"On March 20, 2024, Mr. Gregory Bielli, President and Chief Executive Officer (“CEO”) of Tejon Ranch Company (“Company”), announced his intent to retire on December 31, 2024 (“Retirement Date”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-24-076651","anchor_url":"https://secwatch.observer/filing/0001193125-24-076651#claim-d53329ee40","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312524076651/0001193125-24-076651-index.htm"},{"fact_type":"debt_financing","fact_key":"9d579f73a60db76eacff3caa5fc7890b7cbf13f4","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2023-11-20T23:59:59+00:00","payload":{"counterparty":"AgWest Farm Credit, PCA","effective_date":"2023-11-17","event":"incurrence","instrument_type":"revolving_credit","interest_rate_text":"one-month term SOFR plus interest rate spread based on NLER (2.75% if NLER≥55%,","item_codes_triggered":["2.03"],"maturity_text":"January 1, 2029","principal_text":"$160,000,000"},"claim":"TEJON RANCH CO incurred revolving credit of $160,000,000 with AgWest Farm Credit, PCA at one-month term SOFR plus interest rate spread based on NLER (2.75% if NLER≥55%, maturing January 1, 2029.","evidence_excerpt":"to this Current Report on Form 8-K and incorporated herein by reference. The Revolving Credit Facility provides TRC with (i) a revolving credit line in the amount of up to $160,000,000 (RCL) and (ii) the option for TRC to utilize a letters of credit sub-facility in the amount of up to $15,000,000 (LOC Sub-Facility). The LOC Sub-Facility is part of, and not in","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-23-280777","anchor_url":"https://secwatch.observer/filing/0001193125-23-280777#claim-9d579f73a60db76eacff3caa5fc7890b7cbf13f4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312523280777/0001193125-23-280777-index.htm"},{"fact_type":"material_agreement","fact_key":"ecb73c5bdd352e1a435c86f61da47cffac843c7b","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2023-11-20T23:59:59+00:00","payload":{"action":"termination","agreement_name":"Bank of America, N.A. Term Note and Revolving Line of Credit Note","agreement_type":"credit_facility","counterparty":"Bank of America, N.A.","effective_date":"2023-11-17","item_codes_triggered":["1.02"],"value_text":"$47,078,564.00 plus accrued interest and fees"},"claim":"TEJON RANCH CO terminated Bank of America, N.A. Term Note and Revolving Line of Credit Note with Bank of America, N.A. valued at $47,078,564.00 plus accrued interest and fees (effective 2023-11-17).","evidence_excerpt":"Upon closing of the Revolving Credit Facility, funds from the RCL were used to pay off and close out the existing Bank of America, N.A. Term Note and Revolving Line of Credit Note.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-23-280777","anchor_url":"https://secwatch.observer/filing/0001193125-23-280777#claim-ecb73c5bdd352e1a435c86f61da47cffac843c7b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312523280777/0001193125-23-280777-index.htm"},{"fact_type":"material_agreement","fact_key":"5a9fc5004ba1a4973f91c758ae379cb38b490cc7","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2023-11-20T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Credit Agreement","agreement_type":"credit_facility","counterparty":"AgWest Farm Credit, PCA","effective_date":"2023-11-17","item_codes_triggered":["1.01"],"value_text":"$160,000,000 revolving credit line; $15,000,000 letters of credit sub-facility"},"claim":"TEJON RANCH CO entered into Credit Agreement with AgWest Farm Credit, PCA valued at $160,000,000 revolving credit line; $15,000,000 letters of credit sub-facility (effective 2023-11-17).","evidence_excerpt":"Tejon Ranch Co.’s (Company) wholly owned subsidiary Tejon Ranchcorp (TRC) entered into a Credit Agreement with AgWest Farm Credit, PCA, as administrative agent and letter of credit intermediary (Administrative Agent), and certain other lenders (the Credit Agreement Lenders) effective as of November 17, 2023 (the Revolving Credit Facility).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-23-280777","anchor_url":"https://secwatch.observer/filing/0001193125-23-280777#claim-5a9fc5004ba1a4973f91c758ae379cb38b490cc7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312523280777/0001193125-23-280777-index.htm"},{"fact_type":"executive_change","fact_key":"5cdba50184","cik":96869,"ticker":"TRC","company_name":"TEJON RANCH CO","filed_at":"2023-06-22T23:59:59+00:00","payload":{"action":"separated","action_category":"departure","departure_tone":"routine","effective_date":"2023-06-16","interim":false,"role":"Senior Vice President and General Counsel","role_category":"general_counsel","successor_name":null,"successor_named":false},"claim":"Marc W. Hardy departed as Senior Vice President and General Counsel at TEJON RANCH CO.","evidence_excerpt":"Marc W. Hardy, Senior Vice President and General Counsel, separated from employment with the Company on June 16, 2023.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-23-172426","anchor_url":"https://secwatch.observer/filing/0001193125-23-172426#claim-5cdba50184","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/96869/000119312523172426/0001193125-23-172426-index.htm"}]}