Norfolk Southern Proxy Fight: 3 of 13 elected–71873?oly_enc_id=0240G5852612I5U&utm_medium=email&utm_source=prdailynews&utm_campaign=prnewsletter-2024

" Norfolk Southern Corp. today announced that the preliminary vote count of its proxy solicitor indicates that its shareholders have elected 10 of NS’s 13 proposed director nominees at the 2024 annual meeting of shareholders.

Three of investor activist Ancora Holdings Group LLC’s nominees also were elected, according to preliminary results."

This appears to be mostly about cost cutting.

"DiSanto and Chadwick added: “The first step toward turning around Norfolk Southern has been taken by electing Messrs. Clyburn, Fahmy and Lamphere. Given that we have no standstill agreement and a clear mandate from a critical mass of shareholders, we will continue to hold Mr. Shaw to account and push for the appointment of a qualified operator who can actually drive shareholder value. The campaign for change at this great American railroad will continue.”