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 OfficersItem 5.02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Director John L. Goolsby has informed the Board of Directors that he will complete his current term as a Director at the May 17, 2017 board meeting and annual meeting and will not stand for reelection as a director at the May 2017 annual meeting, completing 18 years of service to the Company and shareholders.
Mr. Goolsby has served the Company as a director since 1999. He served the Company on the Audit Committee and most recently he was also Chairman of the Real Estate Committee. Mr. Goolsby’s extensive real estate development experience and business acumen will be missed by the Board and the Company as he has been a valuable resource during his tenure.
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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 up +0.01 at 21.59 with 72,846 shares trading hands.