Norfolk Southern Files DEFA14A for Shareholder Communications
Ticker: NSC · Form: DEFA14A · Filed: Apr 5, 2024 · CIK: 702165
Sentiment: neutral
Topics: filing, shareholder-communication, regulatory
Related Tickers: NSC
TL;DR
NSC filed a DEFA14A on 4/4/24 for shareholder comms, watch for updates.
AI Summary
Norfolk Southern Corporation filed a DEFA14A on April 4, 2024, related to soliciting material under Rule 14a-12 of the Exchange Act. The filing indicates a report date of April 4, 2024, and concerns the company's operations and potential shareholder communications.
Why It Matters
This filing is important as it relates to how Norfolk Southern communicates with its shareholders, potentially impacting corporate governance and investor relations.
Risk Assessment
Risk Level: low — This filing is a routine disclosure related to shareholder communications and does not appear to contain significant new financial or operational risks.
Key Players & Entities
- NORFOLK SOUTHERN CORP (company) — Filer of the DEFA14A
- April 4, 2024 (date) — Date of report and earliest event
- Rule 14a-12 (legal_document) — Regulation under which soliciting material is filed
FAQ
What is the primary purpose of this DEFA14A filing by Norfolk Southern Corporation?
The DEFA14A filing is intended to simultaneously satisfy the filing obligation of the registrant under Rule 14a-12 of the Exchange Act, which pertains to soliciting material.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is April 4, 2024.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is Norfolk Southern Corporation's principal executive office address?
Norfolk Southern Corporation's principal executive offices are located at 650 West Peachtree Street NW, Atlanta, Georgia 30308-1925.
What is the SIC code for Norfolk Southern Corporation?
The Standard Industrial Classification (SIC) code for Norfolk Southern Corporation is 4011, which corresponds to Railroads, Line-Haul Operating.
Filing Stats: 3,270 words · 13 min read · ~11 pages · Grade level 16.6 · Accepted 2024-04-04 20:21:27
Key Financial Figures
- $1.00 — ern Corporation Common Stock (Par Value $1.00) NSC New York Stock Exchange Indi
Filing Documents
- d823743ddefa14a.htm (DEFA14A) — 69KB
- g823743g0405013106857.jpg (GRAPHIC) — 18KB
- g823743g0405013841705.jpg (GRAPHIC) — 8KB
- 0001193125-24-087573.txt ( ) — 106KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORFOLK SOUTHERN CORPORATION (Registrant) /s/ Denise W. Hutson Name: Denise W. Hutson Title: Corporate Secretary Date: April 4, 2024 5 Exhibit 99.1 FOR IMMEDIATE RELEASE Norfolk Southern announces new initiatives to drive further productivity and accountability Executive compensation plan adjustments address shareholder feedback and holds management accountable to deliver on key objectives ATLANTA, April 4, 2024 Norfolk Southern Corporation (NYSE: NSC) provided an update Thursday on its plan to accelerate progress on its strategy and deliver long-term shareholder value. Alan Shaw, Norfolk Southern president and chief executive officer, said, The initiatives announced today will help us progress toward our strategic goals and close the margin gap with our peers. Our network enhancements and improvements to our reporting structure will empower our new chief operating officer, John Orr, with the scope to implement his scheduled railroading plans and accelerate our operational improvements. This positions Norfolk Southern to become a more productive, resilient, and efficient railroad, and drive long-term value creation. Accelerating Operational Performance Operations Reporting Changes: Intermodal and Automotive Operations, previously under the companys Marketing division, is now reporting to Orr. This change will instill additional operational rigor, enhance opportunity for further productivity, and improve alignment and coordination across the business, including in Merchandise and Bulk. This organization joins Car Management, which has also been moved into Operations. Near-Term Operational Priorities: Since Orrs appointment as COO on March 20, 2024, he has been streamlining operational processes and enhancing safety, productivity, and service.