Tejon Ranch Co. Elects New Directors, Updates Executive Compensation
Ticker: TRC · Form: 8-K · Filed: Dec 18, 2024 · CIK: 96869
| Field | Detail |
|---|---|
| Company | Tejon Ranch Co (TRC) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, officer-appointments
TL;DR
Tejon Ranch Co. adds two new board members and finalizes new pay deals for CEO & CFO.
AI Summary
Tejon Ranch Co. announced on December 17, 2024, changes in its board of directors and officer compensation. Specifically, the company elected two new directors, Mark J. Miller and Gregory S. McWilliams, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Gregory S. McWilliams, and Chief Financial Officer, Robert A. Poutre, detailing their compensation and severance packages.
Why It Matters
The election of new directors and updated executive compensation agreements can signal strategic shifts or reinforce current leadership, impacting investor confidence and the company's future direction.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect future performance and strategy.
Key Numbers
- December 17, 2024 — Report Date (Date of the earliest event reported)
Key Players & Entities
- Tejon Ranch Co. (company) — Registrant
- Mark J. Miller (person) — Newly elected director
- Gregory S. McWilliams (person) — Newly elected director and CEO
- Robert A. Poutre (person) — Chief Financial Officer
- Delaware (jurisdiction) — State of Incorporation
- Lebec, California (location) — Principal Executive Offices
FAQ
Who were the new directors elected to Tejon Ranch Co.'s Board?
Mark J. Miller and Gregory S. McWilliams were elected as new directors to Tejon Ranch Co.'s Board.
When were the new directors elected?
The new directors were elected effective December 17, 2024.
What other significant events were reported in this 8-K filing?
The filing also reports on new employment agreements for the Chief Executive Officer and Chief Financial Officer.
What is the principal executive office address for Tejon Ranch Co.?
The principal executive offices are located at P. O. Box 1000, Lebec, California, 93243.
What is the company's state of incorporation?
Tejon Ranch Co. is incorporated in Delaware.
Filing Stats: 592 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-12-18 12:33:58
Filing Documents
- d844416d8k.htm (8-K) — 24KB
- 0001193125-24-281087.txt ( ) — 139KB
- trc-20241217.xsd (EX-101.SCH) — 3KB
- trc-20241217_lab.xml (EX-101.LAB) — 17KB
- trc-20241217_pre.xml (EX-101.PRE) — 11KB
- d844416d8k_htm.xml (XML) — 3KB
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. Date: December 18, 2024 TEJON RANCH CO. By: /S/ ALLEN E. LYDA Name: Allen E. Lyda Title: Executive Vice President, Chief Operating Officer 3