11.04.2024 14:18:05 - dpa-AFX: Norfolk Southern Urges Shareholders To Vote In Its 13 Director Nominees

NORFOLK (dpa-AFX) - Norfolk Southern Corp. (NSC) said Thursday it has sent a
letter to shareholders highlighting the collective strength of its board of
directors and its commitment to acting in shareholders' best interests.

Norfolk Southern said its highly qualified and engaged board has taken decisive
action to drive long-term shareholder value. They are holding management
accountable, addressing shareholder feedback, and enhancing safety and
operational performance.

The company strongly urges shareholders to protect their investment by voting
'FOR' ONLY Norfolk Southern's 13 highly qualified nominees on the WHITE proxy
card later in the day.

The company said it believes Ancora Alternatives LLC's nominees lack critical
expertise and their appointment would be detrimental to shareholder value by
putting the franchise at risk.

The company added that Ancora's slate is seeking wholesale change to push
through its short-term focused agenda, which would put the company's franchise
at risk and be detrimental to shareholder value.

Ancora's reckless plan and demands for an overhaul of management and the board
would decelerate the momentum of Norfolk Southern's strategic transformation,
force substantial furloughs, and destroy long-term value for shareholders.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
NORFOLK STHN CORP. DL 1 867028 Frankfurt 220,000 03.05.24 13:04:56 +8,000 +3,77% 0,000 0,000 218,000 212,000

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH