Ancora, Norfolk Southern strike settlement deal to avert proxy …
13 hours ago · Ancora got its candidates three board seats at Norfolk's annual meeting earlier this year, but it fell short of its aims. Get Tri-state area news delivered to your inbox. Sign up for NBC New York ...
Norfolk Southern to add new board member as part of deal with Ancora …
6 hours ago · Norfolk Southern will add a new member to its board of directors — the 14th overall and 13th independent director — under a “cooperation agreement” with shareholder Ancora Holdings, NS ...
Norfolk Southern makes deal with investors to prevent ... - ABC News
3 hours ago · Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad ... 24/7 coverage of breaking news ...
Norfolk Southern makes deal with investors to prevent
4 hours ago · Norfolk Southern announced an agreement Thursday with Ancora Holdings to keep the investor from launching a repeat of this year's campaign to take control of the railroad. Under the deal, Norfolk ...
Norfolk Southern strikes cooperation agreement with activist Ancora …
7 hours ago · Norfolk Southern to add board member in deal with activist Ancora Holdings. Norfolk Southern Corp. (NYSE: NSC) and Cleveland's Ancora Holdings Group LLC have called a truce to avoid a proxy fight. The Atlanta-based railroad operator announced Thursday, Nov. 14, that under a cooperation agreement reached following what it termed "constructive ...
Norfolk Southern makes deal with investors to prevent another …
4 hours ago · Norfolk Southern announced an agreement Thursday with Ancora Holdings to keep the investor from launching a repeat of this year's campaign to take control of the railroad. Under the deal, Norfolk ...
Activist investor wins 3 Norfolk Southern board ... - Associated Press News
May 9, 2024 · The key support Ancora picked up from major investors, two major rail unions and proxy advisory firms wasn’t enough to persuade shareholders to elect Ancora’s entire slate. Ancora executive Jim Chadwick blamed passive investors for failing to …
Investors trying to take control of Norfolk ... - Associated Press News
Apr 29, 2024 · Ancora — and the former UPS and CSX railroad executives the investors nominated to lead Norfolk Southern — argue that a dramatic overhaul of the railroad’s operations is needed to streamline the way its trains move and bring Norfolk Southern’s profits in …
Activist Ancora Wins Three Norfolk Southern Board Seats but Will …
May 9, 2024. Shareholders of Norfolk Southern, the beleaguered freight railroad, on Thursday voted down an attempt by an activist investment firm to remove the company’s chief executive and take...
Norfolk Southern urges shareholders to reject ... - Associated Press News
Feb 27, 2024 · In Monday’s filing, Norfolk Southern disclosed that Shaw received a 37% raise last year to receive $13.4 million in total compensation in 2023. Ancora called that an alarming “failure of corporate governance” that “reinforces the need for sweeping changes.”