Latest news with #Tejon
Yahoo
12-05-2025
- Business
- Yahoo
Tejon Urges Shareholders to Vote 'FOR' ONLY the Company's 10 Highly Qualified Director Nominees on the WHITE Proxy Card Ahead of Tomorrow's Annual Meeting
TEJON RANCH, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC), ('Tejon' or the 'Company'), a diversified real estate development and agribusiness company, today reminded all Tejon shareholders to vote 'FOR' ONLY Tejon's 10 highly qualified director nominees on the Company's WHITE Proxy Card in connection with its Annual Meeting of Shareholders scheduled for May 13, 2025. Additional information, including details on how to vote, can be found at Tejon issued the following statement: Ahead of tomorrow's Annual Meeting, you have the opportunity to make a critical decision that impacts our company. Our Board of Directors and executive team have worked to position Tejon for long-term growth and establish a clear path toward strategic value creation. With decades of progress at stake, now is the time to take action to protect your investment. Your vote is important, no matter how many shares you own. Bulldog Investors ('Bulldog') is attempting to install three unqualified individuals whose experience waging proxy fights at closed-end funds is entirely unrelated to navigating the complicated real estate development process in California. Bulldog has shown an astonishing lack of effort in articulating any credible plan, demonstrating that it will not bring the diligence and thoughtfulness required to support Tejon's continued growth. Bulldog's self-serving campaign threatens to derail our work developing true master-planned communities for the benefit of all Tejon stakeholders and the State of California. By contrast, Tejon's directors bring expertise that is crucial to our business, particularly regarding California's commercial and residential real estate industry. Our directors have proven that they can successfully execute Tejon's strategy and are committed to acting in the best interests of our shareholders. Our Board's leadership and dedication are exactly what Tejon needs to thrive going forward as we enter this critical phase of growth. Independent third parties, including all three leading proxy advisory firms – ISS, Glass Lewis and Egan-Jones – also recognize the deficiencies in Bulldog's campaign. They all have endorsed Tejon's 10 director nominees, emphasizing that our Board is best positioned to drive our company forward. Tejon's nominees have earned the trust and support of state and local leaders because they bring the experience to help shape the region's future. Time is running out! We urge you to vote TODAY 'FOR' ONLY Tejon's 10 director nominees – Steven A. Betts, Gregory S. Bielli, Denise Gammon, Anthony L. Leggio, Jeffrey J. McCall, Norman J. Metcalfe, Eric H. Speron, Daniel R. Tisch, Michael H. Winer and Kenneth G. Yee – on the Company's WHITE proxy card. Do not let Bulldog's short-term agenda disrupt the long-term value we are delivering. The future of Tejon and your investment depends on your vote. YOUR VOTE IS IMPORTANT, NO MATTER HOW MANY SHARES YOU OWN. YOU MAY VOTE BY THE INTERNET OR MAIL BY FOLLOWING THE INSTRUCTIONS ON THEWHITE PROXY CARD. WE URGE YOU TO VOTE TODAY! If you have any questions or require any assistance with voting your shares, please contact: D.F. King & Co., Inc.48 Wall StreetNew York, NY 10005Banks and Brokers: (212) 390-0450All Others: (866) 796-7184Email: TRC@ Vestra Advisors is serving as financial advisor to Tejon and Gibson, Dunn & Crutcher LLP is serving as the Company's legal advisor. About Tejon Ranch Co. (NYSE: TRC) Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to Forward Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon's business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon's business results, refer to Tejon's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission. Additional Information and Where to Find It Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC's website at Copies of the documents filed by Tejon are also available free of charge by accessing Tejon's website at Participants Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon's definitive proxy statement filed with the SEC on April 3, 2025 under 'Supplemental Information Regarding Participants in the Solicitation' in Appendix A, which is available free of charge at the SEC's website at Contacts: InvestorsNicholas OrtizTejon Ranch Co., Senior Vice President, Corporate Communications & Public Affairs(661) 663-4212nortiz@ MediaEric Brielmann / Jed RepkoJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
02-05-2025
- Business
- Globe and Mail
Leading Proxy Advisory Firm ISS Recommends Shareholders Vote 'FOR' ONLY Tejon's 10 Director Nominees
TEJON RANCH, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC), ('Tejon' or the 'Company'), a diversified real estate development and agribusiness company, today announced that Institutional Shareholder Services (ISS) has recommended that shareholders vote 'FOR' ONLY Tejon's 10 highly-qualified director nominees on the Company's WHITE Proxy Card in connection with its Annual Meeting of Shareholders scheduled for May 13, 2025. In its May 2, 2025, report, ISS highlighted: 1 Bulldog Investors ('Bulldog') 'has not presented a compelling case for change. As such, support for all management nominees is warranted on the management card.' 'Moreover, the dissident does not even provide a public view on which management nominees it hopes to unseat, and two of the dissident's three nominees are already overboarded. As such, the dissident has not presented a compelling case for change.' Tejon issued the following statement: We are pleased that ISS has recommended shareholders vote 'FOR' all 10 of Tejon's director nominees. ISS's endorsement reinforces what we believe and what many of our long-term shareholders recognize: Tejon's Board has the right mix of experience, discipline, and strategic vision to continue unlocking the full value of our unmatched land portfolio. ISS's support confirms that Tejon's Board is best positioned to protect shareholder value and Bulldog's nominees would pose unnecessary risk to the Company's long-term success. We urge all Tejon shareholders to follow ISS's recommendation by voting 'FOR' ONLY Tejon's 10 nominees on the Company's WHITE proxy card and withholding all votes from Bulldog's nominees. _________________________________ 1 Permission to use quotations was neither sought nor obtained. Vestra Advisors is serving as financial advisor to Tejon and Gibson, Dunn & Crutcher LLP is serving as the Company's legal advisor. About Tejon Ranch Co. (NYSE: TRC) Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to Forward Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon's business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon's business results, refer to Tejon's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission. Additional Information and Where to Find It Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC's website at Copies of the documents filed by Tejon are also available free of charge by accessing Tejon's website at Participants Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon's definitive proxy statement filed with the SEC on April 3, 2025 under 'Supplemental Information Regarding Participants in the Solicitation' in Appendix A, which is available free of charge at the SEC's website at Contacts: Investors Nicholas Ortiz Tejon Ranch Co., Senior Vice President, Corporate Communications & Public Affairs 661-663-4212 nortiz@ Media Eric Brielmann / Jed Repko Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449
Yahoo
02-05-2025
- Business
- Yahoo
Leading Proxy Advisory Firm ISS Recommends Shareholders Vote 'FOR' ONLY Tejon's 10 Director Nominees
TEJON RANCH, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC), ('Tejon' or the 'Company'), a diversified real estate development and agribusiness company, today announced that Institutional Shareholder Services (ISS) has recommended that shareholders vote 'FOR' ONLY Tejon's 10 highly-qualified director nominees on the Company's WHITE Proxy Card in connection with its Annual Meeting of Shareholders scheduled for May 13, 2025. In its May 2, 2025, report, ISS highlighted:1 Bulldog Investors ('Bulldog') 'has not presented a compelling case for change. As such, support for all management nominees is warranted on the management card.' 'Moreover, the dissident does not even provide a public view on which management nominees it hopes to unseat, and two of the dissident's three nominees are already overboarded. As such, the dissident has not presented a compelling case for change.' Tejon issued the following statement: We are pleased that ISS has recommended shareholders vote 'FOR' all 10 of Tejon's director nominees. ISS's endorsement reinforces what we believe and what many of our long-term shareholders recognize: Tejon's Board has the right mix of experience, discipline, and strategic vision to continue unlocking the full value of our unmatched land portfolio. ISS's support confirms that Tejon's Board is best positioned to protect shareholder value and Bulldog's nominees would pose unnecessary risk to the Company's long-term success. We urge all Tejon shareholders to follow ISS's recommendation by voting 'FOR' ONLY Tejon's 10 nominees on the Company's WHITE proxy card and withholding all votes from Bulldog's nominees. YOUR VOTE IS IMPORTANT, NO MATTER HOW MANY SHARES YOU MAY VOTE BY THE INTERNET OR MAIL BY FOLLOWING THE INSTRUCTIONS ON THE WHITE PROXY CARD. WE URGE YOU TO VOTE TODAY!If you have any questions or require any assistance with voting your shares, please contact:D.F. King & Co., Inc.48 Wall StreetNew York, NY 10005Banks and Brokers: (212) 390-0450All Others: (866) 796-7184Email: TRC@ _________________________________1 Permission to use quotations was neither sought nor obtained. Vestra Advisors is serving as financial advisor to Tejon and Gibson, Dunn & Crutcher LLP is serving as the Company's legal advisor. About Tejon Ranch Co. (NYSE: TRC) Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to Forward Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon's business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon's business results, refer to Tejon's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission. Additional Information and Where to Find It Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC's website at Copies of the documents filed by Tejon are also available free of charge by accessing Tejon's website at Participants Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon's definitive proxy statement filed with the SEC on April 3, 2025 under 'Supplemental Information Regarding Participants in the Solicitation' in Appendix A, which is available free of charge at the SEC's website at Contacts: Investors Nicholas OrtizTejon Ranch Co., Senior Vice President, Corporate Communications & Public Affairs661-663-4212nortiz@ Media Eric Brielmann / Jed RepkoJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449Sign in to access your portfolio
Associated Press
01-05-2025
- Business
- Associated Press
Tejon Ranch Co. Emphasizes Commitment to Execution, Oversight and Transparency
Bulldog's Apparent Lack of Understanding of Tejon's Business Risks Significant Value Destruction at Tejon Urges Shareholders to Vote 'FOR' ALL of Tejon Ranch's 10 Highly Qualified Director Nominees on the WHITE Proxy Card TEJON RANCH, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), ('Tejon' or the 'Company'), a diversified real estate development and agribusiness company, today announced that it has mailed a letter to shareholders in connection with its upcoming Annual Meeting of Shareholders (the 'Annual Meeting') to be held on May 13, 2025. The full text of the letter follows: The May 13, 2025, Tejon Ranch Annual Meeting is a few weeks away. You have a critical decision to make regarding the future of your investment. Support Tejon TODAY by voting 'FOR' ONLY Tejon's highly qualified director nominees on the Company's WHITE proxy card. Dear Fellow Tejon Ranch Shareholders, We value your investment and trust in the Tejon Board of Directors. We ask you to continue supporting our Board, which has continued to deliver for you and remains committed to generating long-term shareholder value. Our value creation strategy, aimed at unlocking the full potential of Tejon's unique assets, is informed by disciplined capital allocation and discretionary spending under the oversight of our deeply experienced and highly qualified Board. We have a demonstrated track record of acting in shareholders' best interests – regularly engaging with investors and fortifying our corporate governance practices to help ensure shareholder representation, accountability and, ultimately, shareholder returns. On the contrary, Bulldog Investors ('Bulldog'), a New Jersey-based hedge fund and serial proxy agitator, is running a campaign to derail our progress and install three unqualified director nominees on your Board, despite only just recently purchasing shares in TRC. Make no mistake, Bulldog's nominees lack the requisite experience in real estate, land development and California-specific regulation needed to govern a company like Tejon. A vote in favor of Bulldog's uninformed and ill-conceived ideas risks unravelling the purposeful work of Tejon's Board and management team over several decades. Bulldog has yet to provide any reasoned or articulate approaches to realize enhanced value for shareholders. In fact, we believe Bulldog's agenda would forego significant long-term gains for, if anything, a modest short-term return. Don't be misled. Tejon has engaged with Bulldog in good faith since learning of their investment mere months ago. Despite this, Bulldog has chosen to pursue an opportunistic proxy contest, taking advantage of our shareholder-friendly cumulative voting structure in an attempt to obtain outsized influence over the Board and direction of this company. Bulldog's Sparse Proxy Materials Demonstrate a Lack of Effort and Understanding of Our Business Bulldog has offered only surface-level commentary that ignores the reality of driving value in real estate development at Tejon. We believe shareholders deserve to know the truth and are providing the following facts in response to Bulldog's assertions: Capital Allocation Executive Compensation Shareholder Communications and Transparency Expense Management Bulldog's Campaign Highlights that its Nominees Lack the Commitment Required to Provide Strategic Oversight at Tejon In addition to introducing misleading commentary regarding Tejon and our value-creating strategy, Bulldog has deprived shareholders of vital details necessary to inform their decisions on how to vote in this election. Bulldog's proxy materials demonstrate a lack of diligence and willingness to provide complete disclosure to shareholders. On the other hand, Tejon has presented considerable and detailed information about our plans and value creation strategy. Bulldog has repeatedly rejected requests to complete the Company's standard director nominee questionnaire, which would help ensure shareholders have appropriate information about Bulldog's nominees' potential conflicts of interest and stock ownership. Bulldog's haphazard campaign stands in stark contrast to the efforts Tejon is making to provide shareholders with clear, comprehensive information about the future of their investment. If Bulldog's proxy filing is indicative of its approach to corporate oversight and management, their nominees pose a serious threat to Tejon and our shareholders. Vote for Tejon's Highly Qualified Nominees and Safeguard your Investment It is unclear why Bulldog and its nominees believe they can apply their irrelevant experience of waging proxy contests at closed-end funds into overseeing a complex and multi-faceted real-estate and land development business in California's specialized environment. Regardless, if Bulldog truly understood real estate, its commentary would reflect that material changes in land-development companies are incremental, and thus, there is little benefit to hasty monetization at this stage. Bulldog's campaign to install three unqualified directors on Tejon's Board is an overreach. Two of Bulldog's nominees, Phillip Goldstein and Andrew Dakos, are current Bulldog employees while its third nominee, Aaron Morris, has repeatedly acted as Bulldog's litigation counsel. These individuals are seemingly not focused on shareholders' best interests. While Bulldog pursues its short-term focused campaign with no concrete plan for meaningful long-term value creation, the Tejon Board and management team remain focused on maximizing value for all shareholders. We strongly recommend that you vote your shares 'FOR' ONLY Tejon's nominees on the Company's WHITE proxy card. Thank you for your continued support. Sincerely, The Tejon Ranch Co. Board of Directors Vestra Advisors is serving as financial advisor to Tejon and Gibson, Dunn & Crutcher LLP is serving as the Company's legal advisor. About Tejon Ranch Co. (NYSE: TRC) Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to Forward Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon's business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon's business results, refer to Tejon's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission. Additional Information and Where to Find It Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC's website at Copies of the documents filed by Tejon are also available free of charge by accessing Tejon's website at Participants Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon's definitive proxy statement filed with the SEC on April 3, 2025 under 'Supplemental Information Regarding Participants in the Solicitation' in Appendix A, which is available free of charge at the SEC's website at Contacts: Investors Nicholas Ortiz Tejon Ranch Co., Senior Vice President, Corporate Communications & Public Affairs 661-663-4212 [email protected] Media Eric Brielmann / Jed Repko Joele Frank, Wilkinson Brimmer Katcher 212-355-4449
Associated Press
22-04-2025
- Business
- Associated Press
Tejon Ranch Co. Files Investor Presentation Highlighting Strategy for Significant Long-Term Value Creation
Tejon's Board Continues to Take Decisive Strategic Steps to Drive the Company's Growth at Tejon Ranch Commerce Center and is Uniquely Positioned to Advance the Value of its Master-Planned Communities Urges Shareholders to Vote 'FOR' Only Tejon's Highly Qualified Director Nominees on the Company's WHITE Proxy Card TODAY TEJON RANCH, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), ('Tejon' or the 'Company'), a diversified real estate development and agribusiness company, today filed an investor presentation with the U.S. Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders (the 'Annual Meeting') to be held on May 13, 2025. Highlights of the presentation include: Protect your investment in Tejon. Tejon urges shareholders to vote ONLY 'FOR' Tejon's 10 nominees on the Company's WHITE proxy card and withhold all votes from Bulldog's nominees. Your support is essential to Tejon's ability to drive long-term value for shareholders while providing vital housing and economic growth for the State of California. Vestra Advisors is serving as financial advisor to Tejon and Gibson, Dunn & Crutcher LLP is serving as the Company's legal advisor. About Tejon Ranch Co. (NYSE: TRC) Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to Forward Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon's business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon's business results, refer to Tejon's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission. Additional Information and Where to Find It Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC's website at Copies of the documents filed by Tejon are also available free of charge by accessing Tejon's website at Participants Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon's definitive proxy statement filed with the SEC on April 3, 2025 under 'Supplemental Information Regarding Participants in the Solicitation' in Appendix A, which is available free of charge at the SEC's website at Contacts: Investors Nicholas Ortiz Tejon Ranch Co., Senior Vice President, Corporate Communications & Public Affairs 661-663-4212 [email protected] Media Eric Brielmann / Jed Repko Joele Frank, Wilkinson Brimmer Katcher 212-355-4449
