Tejon Ranch (TRC) AGM 2026 summary

Opening remarks and agenda

• Hybrid meeting format maximized accessibility for both in-person and virtual shareholders.

• Meeting rules, agenda, and Q&A procedures were provided to all participants.

• Board Chair Norman Metcalfe presided, with introductions of directors, officers, auditor, and inspector of elections.

• Quorum was confirmed, allowing official business to proceed.

Board and executive committee updates

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

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

Shareholder proposals

• Nine directors were elected for one-year terms.

• Amendments approved to allow shareholders with at least 25% ownership to call special meetings and to change proposal submission deadlines to 90-120 days prior to meetings.

• Ratification of Deloitte & Touche as independent auditor for 2026.

• Advisory vote on executive compensation was approved.