Recent 8-K filings for NSC

• June 1, 2026, 9:15 AM ET leadership materiality 0.70 neutral item 5.02item 7.01item 9.01 ◈ executive_change ×2

  Norfolk Southern COO John Orr resigns; Brian Barr appointed successor effective June 1

  John Orr resigned as EVP & COO effective May 31, 2026, citing good reason due to proposed operational changes.

• April 24, 2026, 7:59 PM ET earnings materiality 0.75 negative item 2.02item 7.01item 9.01 ◈ Earnings Releases

  Norfolk Southern Q1 EPS $2.43 (-27% YoY); operating ratio 70.7%

  Railway operating revenues $3.0B flat YoY; volume down 1%.

• January 29, 2026, 6:59 PM ET earnings materiality 0.70 positive item 2.02item 7.01item 9.01

  Norfolk Southern Q4 adj. EPS $3.22 (+6%); revenue $3.0B (-2%); OR 65.3%

  Q4 revenue $3.0B (-2% YoY); volume down 4%. Income from railway ops $937M (-17%).

• December 19, 2025, 6:59 PM ET M&A materiality 0.85 positive item 7.01

  Norfolk Southern & Union Pacific file STB merger application for first transcontinental railroad

  7,000-page application filed with STB on Dec. 19, 2025; 2,000 support letters; 99% shareholder approval at both companies.

• November 17, 2025, 6:59 PM ET M&A materiality 0.85 positive item 5.07item 8.01item 9.01

  Norfolk Southern shareholders approve merger with Union Pacific; ~99% vote FOR

  Shareholders voted 162.2M FOR, 2.4M AGAINST, 310k abstain — ~98.6% of votes cast in favor.

• November 6, 2025, 6:59 PM ET litigation materiality 0.65 neutral item 8.01

  Norfolk Southern discloses three shareholder lawsuits challenging UP merger; supplements proxy

  Three lawsuits filed in NY Supreme Court (Oct 23-26, 2025) allege disclosure deficiencies in merger proxy.

• October 23, 2025, 7:59 PM ET earnings materiality 0.70 positive item 2.02item 7.01item 9.01

  Norfolk Southern Q3 rev $3.1B (+2%), adj EPS $3.30 (+2%); raises FY25 productivity target to ~$200M

  GAAP EPS $3.16 vs $4.85 YoY (prior year included $380M railway line gains).

• September 29, 2025, 7:59 PM ET other material materiality 0.65 neutral item 5.02item 9.01

  Norfolk Southern awards $13.25M retention bonuses to five NEOs for merger stability

  CEO Mark R. George receives $4M; CFO Jason A. Zampi $2.25M; John F. Orr $3M; Claude E. Elkins $2M; Anil Bhatt $2M.

• July 29, 2025, 7:59 PM ET M&A materiality 1.00 positive item 8.01item 9.01

  Union Pacific to acquire Norfolk Southern for $320/sh; creates first transcontinental railroad

  Transaction values Norfolk Southern at $85B enterprise; combined enterprise over $250B.

• July 29, 2025, 7:59 PM ET M&A materiality 1.00 positive item 2.02item 7.01item 9.01

  Norfolk Southern Q2 EPS $3.41, announces $85B merger with Union Pacific

  Revenue $3.1B (+2% YoY), diluted EPS $3.41 vs $3.25; adjusted EPS $3.29 (+8%).

• July 29, 2025, 7:59 PM ET M&A materiality 0.90 neutral item 1.01item 9.01

  Union Pacific to acquire Norfolk Southern in stock-and-cash deal valued at $88.82 cash plus 1 UNP share per NSC share

  Each NSC share converts into 1 share of UNP common stock plus $88.82 in cash.

• July 24, 2025, 7:59 PM ET other material materiality 0.75 neutral item 7.01item 9.01

  Norfolk Southern and Union Pacific in advanced merger discussions

  Norfolk Southern (NSC) and Union Pacific (UNP) confirmed advanced discussions for a potential business combination.

• June 13, 2025, 7:59 PM ET leadership materiality 0.60 neutral item 7.01item 9.01

  Norfolk Southern elects Richard H. Anderson as independent board chair, effective immediately

  Anderson succeeds Claude Mongeau, who resigned June 2, 2025 for personal reasons.

• April 23, 2025, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 7.01item 9.01

  Norfolk Southern Q1 adjusted EPS up 8% to $2.69; OR improves 200 bps to 67.9%

  Adjusted diluted EPS $2.69, up $0.20 or 8% YoY; reported EPS $3.31 included $185M Eastern Ohio insurance benefit.

• January 29, 2025, 6:59 PM ET earnings materiality 0.75 positive item 2.02item 7.01item 9.01

  Norfolk Southern Q4 adj OR 64.9%, adj EPS $3.04; full-year adj OR 65.8%

  Q4 revenue $3.0B (-2% YoY); GAAP diluted EPS $3.23 (+39%); adjusted EPS $3.04 (+7%).

• November 14, 2024, 6:59 PM ET other material materiality 0.70 positive item 1.01item 7.01item 9.01

  Norfolk Southern and Ancora agree to add independent director, nominate four candidates for 2025 meeting

  Cooperation agreement with Ancora Catalyst Institutional; board to expand to 14 directors from 13.

• October 22, 2024, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 7.01item 9.01

  Norfolk Southern Q3 adjusted EPS $3.25 (+23% YoY); OR improves 570bps to 63.4%

  Q3 revenue $3.1B (+3% YoY); GAAP diluted EPS $4.85, adjusted $3.25 (+23% YoY).

• September 24, 2024, 7:59 PM ET leadership materiality 0.60 neutral item 5.02 ◈ executive_change

  Norfolk Southern appoints Jason Zampi as CFO with $600k base salary and $554k equity award

  Jason A. Zampi, age 49, appointed EVP, CFO and Treasurer effective September 24, 2024; served as Acting CFO since Sept 11.

• September 12, 2024, 7:59 PM ET leadership materiality 0.85 negative item 5.02item 7.01item 9.01 ◈ executive_change ×3

  Norfolk Southern fires CEO Alan Shaw for policy violation; appoints CFO Mark George as CEO

  Board terminated Alan H. Shaw for cause due to consensual relationship with Chief Legal Officer; no severance.

• July 25, 2024, 7:59 PM ET earnings materiality 0.70 positive item 2.02item 7.01item 9.01

  Norfolk Southern Q2 adj EPS $3.06, revenue $3.04B; reaffirms FY adj OR ~66%

  GAAP net income $737M ($3.25 diluted EPS); adjusted EPS $3.06, up 4% YoY.

• May 9, 2024, 7:59 PM ET other material materiality 0.60 neutral item 8.01item 9.01

  Norfolk Southern shareholders elect 10 of 13 company nominees; 3 Ancora nominees also join board

  Shareholders elected 10 of the company's director nominees and 3 nominees from Ancora Alternatives LLC.

• April 24, 2024, 7:59 PM ET earnings materiality 0.80 negative item 2.02item 7.01item 9.01 ◈ Earnings Releases

  Norfolk Southern Q1 net income drops to $53M ($0.23 EPS) from $466M; incident costs persist

  Q1 2024 diluted EPS $0.23 vs $2.04 a year ago; net income fell 89% to $53M.

• April 9, 2024, 7:59 PM ET earnings materiality 0.80 negative item 2.02item 7.01item 9.01 ◈ Earnings Releases

  Norfolk Southern reports preliminary Q1 GAAP loss; revenue down 4%; $600M East Palestine settlement

  Preliminary GAAP diluted EPS $0.23; adjusted EPS $2.49; operating ratio 92.9% GAAP vs 69.9% adjusted.

• March 20, 2024, 7:59 PM ET leadership materiality 0.70 neutral item 5.02item 7.01item 9.01 ◈ executive_change ×2

  Norfolk Southern appoints John Orr as COO, Paul Duncan departs

  John Orr appointed EVP & COO effective March 20, 2024; Paul Duncan departs effective March 31.

• January 26, 2024, 6:59 PM ET earnings materiality 0.80 negative item 2.02item 7.01item 9.01 ◈ Earnings Releases ×2

  Norfolk Southern Q4 EPS $2.32 (adj. $2.83); full-year EPS $8.02 down 42%

  Q4 revenue $3.1B, down 5% YoY; railway operating income $808M (incl. $150M Ohio incident charge) down 32%.

• November 21, 2023, 6:59 PM ET debt materiality 0.60 neutral item 1.01item 9.01 ◈ Material Agreements

  Norfolk Southern issues $1B in senior notes: $400M 5.55% due 2034, $600M 5.95% due 2064

  Issued $400M of 5.550% Senior Notes due 2034 and $600M of 5.950% Senior Notes due 2064 at 99.985% and 99.721% of par, respectively.

• October 25, 2023, 7:59 PM ET earnings materiality 0.80 negative item 2.02item 7.01item 9.01 ◈ Earnings Releases

  Norfolk Southern Q3 adjusted EPS $2.65 (-35% YoY); $163M Ohio incident charge

  Diluted EPS $2.10 GAAP; adjusted $2.65, down 35% vs Q3 2022 $4.10.

• August 2, 2023, 7:59 PM ET debt materiality 0.65 neutral item 1.01item 2.03item 9.01 ◈ Debt Financings

  Norfolk Southern closes $1.6B debt offering: $600M at 5.050% due 2030, $1B at 5.350% due 2054

  Issued $600M aggregate principal of 5.050% Senior Notes due 2030 and $1B of 5.350% Senior Notes due 2054 on August 2, 2023.

• July 27, 2023, 7:59 PM ET earnings materiality 0.80 negative item 2.02item 5.03item 7.01item 9.01 ◈ Earnings Releases

  Norfolk Southern Q2 revenue down 8%, EPS $1.56; $416M Ohio charge

  Revenue $2.98B (-8% YoY); GAAP diluted EPS $1.56 reflects $416M Eastern Ohio incident charge.

• April 26, 2023, 7:59 PM ET earnings materiality 0.75 negative item 2.02item 7.01item 9.01

  Norfolk Southern Q1 GAAP EPS $2.04, down 30% YoY; includes $387M Ohio derailment charge

  Railway operating revenues $3.1B, up 7% YoY; merchandise $1.878B, intermodal $814M, coal $440M.

Executive changes

Earnings & guidance

Materiality & sentiment trend

Max materiality 1.00 · Median 0.65 · Most common event earnings

12 positive 9 negative 29 neutral

source · NSC on sec.gov