Tejon Ranch faces new shareholder challenge

Tejon Ranch faces new shareholder challenge

Another uncomfortable shareholder meeting is in store for Tejon Ranch Co. after a New Jersey-based investment group nominated three new directors this month hoping to redirect the company's development plans.

28.4% Owner Challenges Board: Five New Directors Proposed to Transform Company

Largest shareholder initiates proxy battle to elect five new directors, citing board entrenchment and spending concerns. See proposed changes and strategic vision.

Elliott Sues Phillips Over Board Seats

Activist investor Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four board seats be up for election at the oil refiner’s next annual shareholder meeting. Elliott, which about three weeks ago nominated seven directors to the Phillips 66 board after disclosing a $2.5 billion stake in the company, said its lawsuit comes after Phillips 66 failed to disclose the number of seats that will be up…

Phillips 66 to Propose New Board Members Amid Elliott Battle, WSJ Reports - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Phillips 66 is expected to nominate two new directors to its board as the proxy fight with activist Elliott Investment Management intensifies, the Wall Street Journal reported on Wednesday citing people familiar with the matter. The refiner is set to disclose four nominees, including the two new ones, in its proxy materials Wednesday ...