Tejon Ranch appoints Eric Speron to board, enters standstill with Nitor Capital

TEJON RANCH CO

Appointed Eric Speron to fill newly created board vacancy; term expires at 2025 annual meeting.
Nitor Capital, beneficial owner of ~1.8% of common stock, agrees to standstill and voting commitments through early 2026.
Standstill period ends earlier of 30 days before 2026 annual meeting nomination deadline or 80 days before 2025 annual meeting anniversary.
Company must nominate and support Speron at 2025 annual meeting; Speron may be replaced if unable to serve, subject to conditions.

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