Ancora, Norfolk Southern

Norfolk Southern enters cooperation pact with activist Ancora; to add one director
Norfolk Southern (NYSE:NSC) agreed to a cooperation pact with activist investor Ancora Holdings and will add one board member. Ancora and Norfolk Southern (NSC) will work together to find an independent director to add to the board,
Ancora, Norfolk Southern strike settlement deal to avert proxy fight
Norfolk Southern and activist investor Ancora struck a deal to avert a proxy fight at the railroad. Norfolk's board will expand from 13 members to 14 members as part of the settlement, the railroad said. Norfolk Southern and activist Ancora struck a deal to avert a second proxy fight in as many years, the railroad announced Thursday morning.
Norfolk Southern to add new board member as part of deal with Ancora Holdings
Norfolk Southern will add a new member to its board of directors — the 14th overall and 13th independent director — under a “cooperation agreement” with shareholder Ancora Holdings, NS
Norfolk Southern to add new independent director in cooperation pact with Ancora
Norfolk Southern (NSC) announced that it has entered into a cooperation agreement with Ancora Holdings after constructive engagement. Under the
Norfolk to add new board member in settlement with activist investor
Following the agreement, Ancora will withdraw its nomination of four candidates for election to Norfolk's board, the company said in a statement. Earlier this year, the activist investor nominated seven directors to Norfolk's board and urged the company to replace then-CEO Alan Shaw,
Norfolk Southern Reaches Deal with Activist Investor Firm
The Cleveland-based investment firm had sought to remove then-CEO Alan Shaw early in 2024, moves before he was eventually ousted by the railroad.
Norfolk Southern reaches agreement with Ancora to add new Board director
Norfolk Southern (NSC) has entered into a cooperation agreement with Ancora under which Norfolk Southern and Ancora will work together to
Norfolk Southern to Add New Independent Director to Board via Cooperation Agreement with Shareholder Ancora
Our strategy is unlocking the full value of the business for shareholders, customers, communities, and employees," said Mark George, chief executive officer of Norfolk Southern. "I am confident that together with Ancora we will find the right independent director to join our Board and support our team as we continue to build on the positive momentum that is underway at Norfolk Southern.
Norfolk Southern to add board member in deal with activist Ancora Holdings
The Atlanta-based railroad operator announced Thursday, Nov. 14, that under a cooperation agreement reached following what it termed "constructive engagement," Norfolk Southern and Ancora "will work together to identify an independent director" to join the company's board.
Norfolk Southern to Add New Director Under Settlement Deal With Ancora
Norfolk Southern (NSC) said Thursday that it struck a cooperation agreement with activist shareholder Ancora Holdings that will see the two parties collaborate on identifying a new independent director.
Norfolk Southern makes deal with investor to prevent another fight for board control
Norfolk Southern announced an agreement Thursday with Ancora Holdings to keep the investor from launching a repeat of this ...
News 80002mon
Norfolk Southern fires CEO Alan Shaw for an inappropriate relationship with an employee
Then, activist investor Ancora Holdings tried to take control of the railroad earlier this year and fire Shaw. The disappointing financial results Norfolk Southern delivered after the derailment ...
Altoona Mirror2mon
Norfolk Southern fires top executive
while promising to make Norfolk Southern the “gold standard for safety” in the industry. He also managed to persuade investors not to back the majority of Ancora’s board nominees.