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Tejon Ranch Co . (NYSE:TRC) reported Friday that Brett A. Brown, Executive Vice President, Chief Financial Officer, and Treasurer, has separated from employment with the company. The announcement was made in a press release statement filed with the Securities and Exchange Commission. The news comes as TRC trades near its 52-week high of $19.82, with the stock showing strong momentum, gaining over 20% in the past six months.
Brown’s departure was effective Friday. No further details regarding the circumstances of his separation or plans for his replacement were provided in the filing.
Tejon Ranch Co. is a real estate company incorporated in Delaware and headquartered in Lebec, California. Its common stock is listed on the New York Stock Exchange under the symbol TRC.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Tejon Ranch Co. reported the results of its 2025 Annual Meeting of Shareholders, where ten directors were elected, including a nominee from Bulldog Investors. Shareholders ratified Deloitte & Touche LLP as the independent auditor for the fiscal year 2025. A proposal to allow shareholders with at least a 10% stake to call special meetings was narrowly defeated. In the lead-up to the meeting, Tejon Ranch urged shareholders to support its director nominees, citing endorsements from proxy advisory firms like ISS and Glass Lewis (JO:LEWJ). The company expressed concerns about Bulldog Investors’ nominees, arguing they lack relevant real estate experience. Meanwhile, Tejon Ranch gained support from Kern County leaders, who emphasized the company’s importance to the region’s sustainable growth. Glenbrook Capital Management, a shareholder, endorsed Bulldog’s nominees and supported the proposal for special meetings, criticizing the current board’s management. Proxy advisory firms ISS and Glass Lewis backed the proposal, arguing it enhances shareholder rights. These developments highlight the ongoing proxy battle between Tejon Ranch and Bulldog Investors.
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