Tejon Ranch (TRC) AGM 2026 summary

Opening remarks and agenda

• Welcomed shareholders to a hybrid in-person and virtual meeting, emphasizing accessibility and engagement.

• Outlined meeting procedures, agenda, and Q&A logistics for both in-person and virtual participants.

• Introduced board members, senior management, auditor, and inspector of elections.

Board and executive committee updates

• Board size was reduced and the executive committee eliminated to increase agility and reduce overhead.

• Updated executive compensation plan to increase accountability and align management with shareholder interests.

Shareholder proposals

• Voted on election of nine directors, amendments to the certificate of incorporation for special meetings and nomination deadlines, ratification of auditor, and advisory vote on executive compensation.

• All nine nominated directors were re-elected.

• Amendments to allow shareholders with 25% ownership to call special meetings and to change nomination deadlines were approved.

• Deloitte & Touche ratified as auditor for 2026.

• Advisory vote on executive compensation approved.