secwatch.observer — SEC 8-K summary
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Issuer:     TEJON RANCH CO (TRC)
CIK:        0000096869
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001193125-24-076651
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tejon Ranch CEO Bielli to retire Dec 31, 2024; will remain as director and senior advisor
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- Gregory Bielli, President and CEO since 2013, intends to retire on December 31, 2024.
- Bielli will continue to serve on the Board after retirement and provide consulting services through 2025.
- Consulting Agreement pays $85,000 per month for a one-year term starting January 1, 2025.
- Board formed ad hoc search committee (Norm Metcalfe, Michael Winer, Steve Betts, Bielli) and retained Korn Ferry.
- Press release highlights accomplishments: entitlements, 5.5M sq ft industrial/commercial, Outlets at Tejon, first residential project.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96869/000119312524076651/0001193125-24-076651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96869/000119312524076651/d796643d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-076651

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