Tejon Ranch Co. (NYSE:TRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Tejon Ranch Co. (NYSE:TRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 17, 2017, Tejon Ranch Co. held its 2017 Annual Meeting of Stockholders. In connection with his election as a Class III Director at the 2017 Annual Meeting, on May 17, 2017 Anthony L. Leggio resigned as a Class I Director, effective as of his taking office as a Class III Director.

As previously reported on Form 8-K on March 9, 2017, John L. Goolsby did not stand for reelection at the May 17, 2017 Annual Meeting and completed his term as a director that day.

Item 5.03 Amendments to Articles of Incorporation or By-Laws

The Company’s By-Laws provide that the authorized number of Directors of the Company shall be 10 unless amended by resolution of the Board of Directors. With the departure of Mr. Goolsby as a Director, the Board of Directors on May 17, 2017, through an amendment to the By-Laws decreased the number of Directors from 10 to 9.

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About Tejon Ranch Co. (NYSE:TRC)

Tejon Ranch Co. is a diversified real estate development and agribusiness company. The Company operates through five business segments: commercial/industrial real estate development; resort/residential real estate development; mineral resources; farming, and ranch operations. Its commercial/industrial real estate development segment is engaged in building, land lease activities, and land and building sales. The resort/residential real estate development segment is involved in the land entitlement and development process. Within its resort/residential segment, the three active developments are MV, Centennial and Grapevine. Its mineral resources segment includes oil and gas royalty leases, rock and aggregate mining leases, a lease with National Cement and sales of water. The farming segment is engaged in the sale of wine grapes, almonds and pistachios. The Ranch Operations segment consists of grazing leases, game management, and other ancillary services supporting the ranch.

Tejon Ranch Co. (NYSE:TRC) Recent Trading Information

Tejon Ranch Co. (NYSE:TRC) closed its last trading session down -0.54 at 20.91 with 58,549 shares trading hands.

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