Tejon Ranch Co., a diversified real estate development and agribusiness company, has received a recommendation from Institutional Shareholder Services (ISS) for shareholders to vote "FOR" only Tejon's 10 director nominees ahead of its Annual Meeting of Shareholders on May 13, 2025. ISS highlighted that Bulldog Investors failed to present a compelling case for change and noted that two of Bulldog's three nominees are already overboarded. Tejon Ranch Co. expressed satisfaction with ISS's endorsement, emphasizing that their board has the right mix of experience and strategic vision to protect shareholder value. Shareholders are urged to vote using the company's WHITE proxy card, supporting Tejon's nominees exclusively and withholding votes from Bulldog's nominees.
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