Incumbent Directors Re-elected Despite Withheld Votes at Tejon Ranch

Key Summary: On April 18, 2024, Nitor Capital Management expressed concerns about Tejon Ranch's performance and management. They aim to reform leadership, compensation, and capital allocation for shareholder value. Tejon Ranch's assets are valued at $1.2 billion, far above the stock price. At the May 14, 2024 AGM, shareholders re-elected all current dir…