Tejon Ranch Co. Files Investor Presentation Highlighting Strategy for Significant Long-Term Value Creation

Core Viewpoint - Tejon Ranch Co. is actively pursuing strategic initiatives to enhance growth and shareholder value, particularly through its real estate development and agribusiness operations [1][2]. Group 1: Company Strategy and Development - Tejon Ranch is executing its strategy by developing residential and industrial projects at Tejon Ranch Commerce Center (TRCC) and progressing with entitlements for Master-Planned Communities (MPCs) [2]. - The company has achieved significant industrial land price appreciation of nearly 1,500% since the inception of TRCC, generating over $110 million in cumulative cash flows from commercial and industrial development since 2000 [2]. - Tejon is strategically investing in its Mountain Village, Grapevine, and Centennial developments to sustain growth and long-term value creation [2]. Group 2: Leadership and Governance - In 2024, Tejon's Board implemented a succession planning process, resulting in the appointment of a new CEO and four new directors, enhancing the Board's expertise and strategic outlook [2]. - The company engaged a compensation consultant to evaluate its executive compensation program, improving transparency and disclosures [2]. Group 3: Shareholder Engagement - Tejon urges shareholders to vote for its 10 nominees on the WHITE proxy card, emphasizing the importance of their support for the company's long-term value creation and economic growth in California [3][4]. - The company criticizes Bulldog Investors for lacking the necessary skills and knowledge to drive Tejon's strategy, asserting that Bulldog's nominees would derail the company's value creation plan [2].