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Ancora Sends Letter To Shareholders About Collective Opportunity To Transform And Turn Around Norfolk Southern; Highlights Opportunity To Install Trustworthy Leadership With Governance Acumen And The Operational Experience To Implement A PSR-Powered Scheduled Network That Has Underpinned Superior Service, Safety And Value At Other Class I Rails

Author: Benzinga Newsdesk | April 22, 2024 09:16am

Highlights Opportunity to Install Trustworthy Leadership with Governance Acumen and the Operational Experience to Implement a PSR-Powered Scheduled Network that has Underpinned Superior Service, Safety and Value at Other Class I Rails

Outlines Shareholder Slate's Commitment to Protecting Norfolk Southern's Interests in the Meridian and Wylie Assets Following the Board's Costly, Opaque Deal with CPKC to Hire a Third COO in 2.5 Years Amidst a Contest  

Underscores the Risks Associated with Giving Incumbent Leadership More Time to Control the Company's Governance and Run a Resilience Network Producing Worst-in-Class Results

Shares an Appendix with Facts-Based and Well-Sourced Responses to Incumbent Leadership's Claims

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora" or "we"), which owns a large equity stake in Norfolk Southern Corporation (NYSE:NSC) ("Norfolk Southern" or the "Company"), today updated shareholders on its campaign to elect seven unaffiliated and qualified candidates (the "Shareholder Slate") to the Company's 13-member Board of Directors (the "Board") at the Annual Meeting of Shareholders (the "Annual Meeting") on May 9, 2024. Vote on the BLUE Proxy Card to elect the entire Shareholder Slate at the Annual Meeting.

Posted In: NSC

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