ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees, but it recommended that shareholders withhold support from incumbent board chair Amy Miles.
Ancora is seeking to oust both current CEO Shaw and newly appointed COO John Orr. The activist holds Shaw accountable for NSC's historic underperformance relative to peers, and for a disastrous derailment in East Palestine, Ohio, just a few months into his tenure. ISS said in its report that it was clear "that the dissident has presented a balanced slate consisting of qualified nominees, and has generally targeted the appropriate management nominees."
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ISS endorses most of Ancora nominees for Norfolk Southern boardISS recommended that shareholders support five Ancora nominees and seven Norfolk Southern nominees, but it recommended that shareholders withhold support from…
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ISS endorses most of Ancora nominees for Norfolk Southern boardISS recommended that shareholders support five Ancora nominees and seven Norfolk Southern nominees, but it recommended that shareholders withhold support from…
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Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern boardNorfolk Southern shareholders should vote for activist Ancora’s nominees, proxy advisor firm Glass Lewis recommended, a strong sign of support ahead of a…
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Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern boardNorfolk Southern shareholders should vote for activist Ancora's nominees, proxy advisor firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.
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Teamsters union endorses activist Ancora in Norfolk Southern proxy fightThe activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.
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Activist Ancora endorsed by second Norfolk Southern union in proxy contestThe BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
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