Norfolk Southern Files Definitive Proxy Statement

TL;DR

NSC dropped its proxy statement, shareholders vote soon.

AI Summary

Norfolk Southern Corporation (NSC) filed a DEFA14A on April 3, 2024, updating its proxy statement materials. The company is soliciting proxies for its upcoming annual meeting, with information available on its website www.VoteNSC.com. This filing is a definitive proxy statement, indicating it contains the final information for shareholders regarding the meeting and voting procedures.

Why It Matters

This filing provides shareholders with the official information needed to vote on company matters at the upcoming annual meeting, impacting corporate governance and strategic direction.

Risk Assessment

Risk Level: low — This is a routine proxy filing, not indicating any immediate financial distress or unusual corporate activity.

Key Players & Entities

• Norfolk Southern Corporation (company) — Registrant
• NSC (company) — Abbreviation for Norfolk Southern Corporation
• April 3, 2024 (date) — Filing date
• www.VoteNSC.com (url) — Company website for proxy voting information

FAQ

Key Financial Figures

• $12.7B — 2 prior to the East Palestine incident: $12.7B RECORD RAILWAY OPERATING REVENUE LOW ~
• $104M — support the surrounding communities... $104M +11,700 DONATED TO SUPPORT THE EAST PAL
• $4.3M — VISITS TO OUR FAMILY ASSISTANCE CENTER $4.3M FUND ESTABLISHED TO PROTECT DRINKING WA

Filing Documents

• d820284ddefa14a.htm (DEFA14A) — 20KB
• g820284dsp003a.jpg (GRAPHIC) — 242KB
• g820284dsp003b.jpg (GRAPHIC) — 178KB
• g820284dsp003c.jpg (GRAPHIC) — 217KB
• 0001193125-24-086027.txt ( ) — 900KB

From the Filing

DEFA14A Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under Rule 14a-12 Norfolk Southern Corporation (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Table of Contents On April 3, 2024, Norfolk Southern Corporation (NSC) updated its website www.VoteNorfolkSouthern.com, which contains information relating to NSCs 2024 Annual Meeting of Shareholders. A copy of the updated website content (other than that previously filed) can be found below: ALAN SHAW A PROVEN LEADER WITH THE RIGHT EXPERIENCE & STRATEGY TO DELIVER FOR SHAREHOLDERS VETERAN RAILROADER WITH EXTENSIVE OPERATIONAL AND STRATEGIC EXPERTISE Drove revenue growth outpacing Class I railroad peers during tenure as Chief Marketing Officer from 2015 2021 Led Norfolk Southerns Intermodal operations overseeing the operations of the most service sensitive business as VP, Intermodal Operations, from 2013 2015 Delivered record annual railway operating revenue in first year as CEO in 2022 Experience leading teams across Norfolk Southerns Operations, Marketing and Finance functions DEVELOPED AND IMPLEMENTED BALANCED STRATEGY THAT IS DELIVERING RESULTS Scheduled railroading strategy balances delivering safe, reliable and resilient service, driving continuous productivity improvements and propelling sustainable growth to enhance shareholder value Alan and the Norfolk Southern team drove significant progress in 2022 prior to the East Palestine incident: $12.7B RECORD RAILWAY OPERATING REVENUE LOW ~ 60% OPERATING RATIO RANGE CLOSING THE GAP WITH CLASS 1 PEERS 14% IMPROVEMENT IN TRAIN SPEED IN Q4 2022 Following investments to accelerate safety and service improvements, Alan has put Norfolk Southerns operations back on track. The results are clear Alan has delivered significant operational improvement since taking over as CEO in May 2022: 2,670BPS IMPROVEMENT IN INTERMODAL SERVICE LEVELS 27% IMPROVEMENT IN TRAIN SPEED 14% IMPROVEMENT IN TRAIN DWELL NOW WERE TAKING THE NEXT STEP WITH TOP!SPG, NORFOLK SOUTHERNS MODERN VERSION OF PSR, WHICH APPROPRIATELY BALANCES SERVICE, PRODUCTIVITY & GROWTH.Alan Shaw, Norfolk Southern Investor Day December 6, 2022 Table of Contents DELIVERING ON COMMITMENTS TO MAKE IT RIGHT IN EAST PALESTINE & SET GOLD STANDARD OF INDUSTRY SAFETY THESE IMPROVEMENTS LED TO A 38% REDUCTION IN MAINLINE ACCIDENT RATE IN 2023 AND THE FEWEST MAINLINE ACCIDENTS SINCE 1999 Under Alans leadership, Norfolk Southern has made notable achievements to East Palestine and support the surrounding communities... $104M +11,700 DONATED TO SUPPORT THE EAST PALESTINE COMMUNITY TESTING SHOWS NO AIR QUALITY CONCERNS, IMPACTS TO PUBLIC DRINKING WATER OR PRIVATE WELLS FAMILY VISITS TO OUR FAMILY ASSISTANCE CENTER $4.3M FUND ESTABLISHED TO PROTECT DRINKING WATER ... while taking decisive action to put Norfolk Southern on the forefront of safety in the railroad industry Implementing our six-point safety plan addressing the findings of the National Transportation Safety Board (NTSB), installing cutting-edge digital train inspection portals and incorporating feedback from our labor leaders Appointed AtkinsRéalis, a leading independent safety consultant with project management and Nuclear Navy experience, to conduct an independent safety culture assessment and recommend responsive actions Implementing recommendations from the Federal Railroad Administration (FRA), including to improve our early warning systems, enhance communication with our craft employees, enhance mutual trust, bolster safety training and increase focus on exceeding safety standards Implemented enhanced training and development including a leadership development program for more than 1,000 front-line field supervisors who manage nearly 78% of our workforce rebuilding trust with unions and garnering recognition from union leadership Table of Contents RECOGNIZED BY ELECTED OFFICIALS AND REGULATORS1 WE HAVE BEEN ENCOURAGED BY RECENT DATA SHOWING THAT NORFOLK SOUTHERN HAS EXPERIENCED A 34 PERCENT REDUCTION IN THE RATE OF MAINLINE DERAILMENTS IN THE LAST YEAR. Less encouraging is the fact that data for 2023 suggest that Norfolk Southern is alone among the Class I railroads to achieve significant reductions in the rate of mainline derailments this past year. Norfolk Southern has stepped up to the pla

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View this DEFA14A filing on SEC EDGAR