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Brett A. Brown, Executive Vice President and CFO of Tejon Ranch Co (NYSE:TRC), sold 5,356 shares of the company’s common stock on July 11, 2025. The shares were sold at a price of $18.55, for a total transaction value of $99,353.
In other recent news, Tejon Ranch Co. has announced the departure of its Chief Financial Officer, Brett A. Brown, effective immediately. The company did not provide further details on the circumstances of his exit or plans for his replacement. Additionally, Tejon Ranch Co. held its 2025 Annual Meeting of Shareholders, where ten directors were elected, including Andrew Dakos from Bulldog Investors, despite the company’s recommendation against his nomination. The shareholders also ratified Deloitte & Touche LLP as the independent auditor for the fiscal year 2025. Furthermore, Tejon Ranch has been actively urging shareholders to support its slate of director nominees amidst a proxy battle with Bulldog Investors, emphasizing the nominees’ expertise in real estate development. Kern County leaders have publicly backed Tejon Ranch, highlighting the company’s significant role in regional development and expressing concerns over Bulldog Investors’ proposals. Proxy advisory firms ISS, Glass Lewis (JO:LEWJ), and Egan-Jones have recommended voting for Tejon’s nominees, citing Bulldog’s lack of a coherent plan and relevant experience. The company continues to encourage shareholders to review its SEC filings for detailed information on the ongoing proxy contest.
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