Details Proposed Leadership Team's Strategy and Targets for a PSR-Powered Scheduled Network, Including Reaching a 57% Operating Ratio and Recapturing High-Margin Growth in 36 Months
Fit-for-Purpose Slate of Seven Directors Includes Class I Railroaders, Transportation Experts, Policymakers with Relevant Experience and Directors with Change Management Expertise
Proposed CEO Jim Barber's Experience as UPS President of International and COO Included Leading Complex Shipping Networks, Overseeing Numerous Functions and Massive Employee Bases, and Running Reportable Segments with $15+ Billion in Revenue and ~$3 Billion in EBIT
Proposed COO Jamie Boychuk's Tenure as EVP of Operations at CSX Included a Successful PSR Implementation, Significant Improvements in Service and Safety, and Outperformance of Norfolk Southern on Every Notable Metric
Vote on the BLUE Proxy Card to Elect the Ancora Slate and Ensure Norfolk Southern Follows the Best Practice of Replacing Failed Leadership Following Crises and Extended Underperformance
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 announced that it is filing a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its nomination of seven highly qualified director candidates for election to the Company's Board of Directors (the "Board") at the 2024 Annual Meeting of Shareholders (the "Annual Meeting") scheduled for May 9, 2024. Additionally, Ancora sent a letter to shareholders regarding its leadership team's three-year path to superior performance and significant value creation at Norfolk Southern.
A copy of the letter sent to shareholders is available to download here. For more information on how to vote for Ancora's full slate on the BLUE Proxy Card, visit www.MoveNSCForward.com.