Tejon Ranch (US:TRC) Prnewswire·2024-05-23 20:28Core Viewpoint - Glenbrook Capital Management urges Tejon Ranch Co. to enhance transparency and investor engagement through periodic investor calls and an outreach program to unlock the company's value [1][5]. Group 1: Shareholder Concerns - Glenbrook has been a shareholder since the 1970s and currently holds 300,000 shares, with options for an additional 160,000 shares, indicating a significant financial commitment [2]. - There is a strong sentiment among shareholders, including Glenbrook and Nitor Capital Management, that Tejon's management has failed to effectively communicate the value of the company's assets, leading to the stock trading below its book value [3][4]. - The lack of transparency and disclosure issues have been highlighted as obstacles for shareholders to understand Tejon's business, which is deemed unacceptable for a public company [5]. Group 2: Management and Governance - Glenbrook agrees with Nitor's criticisms regarding management's lack of commitment and the need for better communication about the company's asset value [3][4]. - The recent CEO search and the hiring of a new CFO present an opportunity for Tejon to change direction and improve corporate governance [6]. - Glenbrook encourages engagement with Nitor and other shareholders regarding potential board changes, advocating for a more inclusive decision-making process [7].