Tejon Ranch Co. Reports Board and Officer Changes
Ticker: TRC · Form: 8-K · Filed: Feb 11, 2025 · CIK: 96869
| Field | Detail |
|---|---|
| Company | Tejon Ranch Co (TRC) |
| Form Type | 8-K |
| Filed Date | Feb 11, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $625,000, $800,000, $300,000, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, compensation
Related Tickers: TRC
TL;DR
TRC board shakeup and comp changes announced Feb 10.
AI Summary
Tejon Ranch Co. announced on February 10, 2025, changes in its board of directors and officer compensation. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. These changes are effective as of February 10, 2025.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may affect the company's future performance.
Key Players & Entities
- Tejon Ranch Co. (company) — Registrant
- February 10, 2025 (date) — Date of Report
FAQ
What specific roles have been affected by the changes in officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but does not specify the exact roles affected in this summary.
Were there any new directors elected?
Yes, the filing explicitly mentions the 'Election of Directors' as a key item.
What is the nature of the changes in compensatory arrangements?
The filing states 'Compensatory Arrangements of Certain Officers' are being addressed, but the specific details of these arrangements are not provided in this summary.
When were these changes reported?
The report was filed on February 11, 2025, and the earliest event reported is dated February 10, 2025.
What is Tejon Ranch Co.'s primary business?
Tejon Ranch Co. is classified under 'REAL ESTATE [6500]'.
Filing Stats: 1,369 words · 5 min read · ~5 pages · Grade level 11.1 · Accepted 2025-02-11 09:32:09
Key Financial Figures
- $625,000 — e paid an annual base salary in 2025 of $625,000 and provides a target annual bonus in 2
- $800,000 — Mr. Walker a sign-on incentive totaling $800,000, comprised of (i) $300,000 paid in cash
- $300,000 — ive totaling $800,000, comprised of (i) $300,000 paid in cash on October 15, 2025, (ii)
- $200,000 — ommencement of his employment, and (ii) $200,000 in price vested stock units that shall
Filing Documents
- d930665d8k.htm (8-K) — 32KB
- d930665dex1001.htm (EX-10.01) — 50KB
- d930665dex991.htm (EX-99.1) — 9KB
- g930665g0211015438351.jpg (GRAPHIC) — 7KB
- 0001193125-25-024064.txt ( ) — 237KB
- trc-20250210.xsd (EX-101.SCH) — 3KB
- trc-20250210_lab.xml (EX-101.LAB) — 17KB
- trc-20250210_pre.xml (EX-101.PRE) — 11KB
- d930665d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. For the exhibits that are filed herewith, see the Index to Exhibits immediately following. INDEX TO EXHIBITS (10.01) Compensatory Agreement approved by the Board on February 10, 2025, by and among Tejon Ranch Co. and Matthew H. Walker (filed herewith and incorporated herein by reference). (99.1) Press release, dated February 11, 2025. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
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: February 11, 2025 TEJON RANCH CO. By: /S/ A LLEN E. L YDA Name: Allen E. Lyda Title: Executive Vice President, Chief Operating Officer