Tejon Ranch Co. (NYSE:TRC) Files An 8-K Other Events
Item8.01 Other Events.
On May17, 2017, Tejon Ranch Co. (Company) distributed a press
release announcing the issuance of a Draft Environmental Impact
Report (DEIR) for the Centennial at Tejon Ranch project. The DEIR
was published for public review on May18, 2017 by the County of
Los Angeles. The Centennial at Tejon Ranch project is a proposed
master plan community located in Los Angeles County that is
expected to offer a wide array of housing, business park/office,
commercial, schools, natural open space, and other public
services and amenities.
A copy of the press release is attached hereto as Exhibit99.1 and
incorporated herein by this reference.
Centennial Founders, LLC (Centennial Founders) is the applicant
for the project. Tejon Ranchcorp (TRC), a wholly-owned subsidiary
of the Company, is the owner of land within the project area, is
Centennial Founders development manager and TRC holds in excess
of 85% interest in Centennial Founders (as of March31, 2017).
Centennial Founders was organized to pursue the entitlement and
development of land owned by TRC and Centennial Founders in Los
Angeles County. Additional information on Centennial Founders can
be found in the Companys 2016 Annual Report on Form 10-K, filed
Certain statements in this Current Report on Form 8-K may be
deemed to be forward-looking statements under the Private
Securities Litigation Reform Act of 1995. The Company intends
that all such statements be subject to the safe-harbor provisions
of that Act. Such statements include those pertaining to the
ultimate approval of the project by governmental entities, the
level and intensity of development that may be approved, the
timing of potential governmental approvals, the timing of
commencement of project development and the potential public
revenue surpluses resulting from the project. Many factors may
cause the Companys actual results to differ materially from those
discussed in any such forward-looking statements, including risks
and uncertainties described in the Companys filings with the U.S.
Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
Item9.01 Financial Statements and Exhibits
|99.1||Press Release, dated May17, 2017|
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 -0.37 at 20.54 with 47,899 shares trading hands.