leadership
confidence high
sentiment negative
materiality 0.75
Tejon Ranch elects dissident nominee Andrew Dakos; incumbent Winer loses
TEJON RANCH CO
- Andrew Dakos (Bulldog Investors) elected to board; incumbent Michael H. Winer not re-elected (821,536 for, 2,974,871 withhold).
- Say-on-pay advisory vote passed with 12,372,371 for (55%) vs 8,709,016 against; abstentions 1,728,805.
- Shareholder proposal for 10%-owner special meeting rights narrowly defeated: 11,300,681 for, 11,371,732 against.
- Ratification of Deloitte as auditor approved with 22,668,135 for, 59,462 against, 82,595 abstain.
- Ten directors elected: Betts, Bielli, Gammon, Leggio, McCall, Metcalfe, Speron, Tisch, Yee, and Dakos.