Proxy Advisory Firm Endorses 6 Activist Nominees for Norfolk Southern's Board

Monday, 29 April 2024, 13:15

In the latest development, Glass Lewis has backed six of Ancora Holdings' board nominees in the proxy fight against Norfolk Southern. The endorsement marks a significant setback for Norfolk Southern's leadership and a win for activist investors seeking change.

https://store.livarava.com/22099c23-062e-11ef-a6c0-63e1980711b2.jpg — Proxy Advisory Firm Endorses 6 Activist Nominees for Norfolk Southern's Board

Proxy Advisory Firm Supports Activist Nominees

Norfolk Southern leaders faced a setback as Glass Lewis backed six of Ancora Holdings' proposed board members.

Impact on Leadership

Ancora Holdings received a significant boost while Norfolk Southern’s leaders faced challenges.

Glass Lewis endorsed six of the seven activist nominees.
This move signals a potential shift in the board composition.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.