Norfolk Southern (NSC)

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation (“Norfolk Southern” or “the Company”) (NYSENSC) for potential breaches of fiduciary duty on the part of its directors and management.

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Norfolk Southern Corporation (NYSENSC).

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”) today commented on the prospective outcome of Norfolk Southern Corporation’s (NYSENSC) (“Norfolk Southern” or the “Company”) 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Based on preliminary vote results, shareholders voted to elect Ancora nominees William Clyburn, Jr., Sameh Fahmy and Gilbert Lamphere to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”). This means that a majority of Norfolk Southern’s Board will now be comprised of directors nominated or unopposed by Ancora.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”) today issued the below letter to the Board of Directors (the “Board”) of Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), focusing on topics that include recent public statements from CEO Alan Shaw, Board Chair Amy Miles and Corporate Governance Committee Chairperson Jennifer Scanlon about the firm’s engagement with the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters (the “BLET”) and the Brotherhood of Maintenance of Way Employees Division of the International Brotherhood of Teamsters (the “BMWED”).

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today issued the below letter from James Barber, Jr., who is one the seven unaffiliated and qualified candidates the firm is seeking to elect to the Company’s 13-member Board of Directors (the “Board”) at the Annual Meeting of Shareholders (the “Annual Meeting”) on May 9, 2024. Vote on the BLUE Proxy Card to elect the entire Shareholder Slate at the Annual Meeting.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that all three independent proxy advisory firms – Institutional Shareholder Services Inc. (“ISS”), Glass, Lewis & Co. (“Glass Lewis”), and Egan-Jones Ratings Company (“Egan-Jones”) – have now recommended that Norfolk Southern shareholders vote “FOR” significant boardroom change at the Company’s upcoming Annual Meeting of Shareholders (the “Annual Meeting”) on May 9, 2024. Notably, all three proxy advisory firms also recommend voting AGAINST Norfolk Southern’s proposed executive compensation.

The three Brotherhood of Locomotive Engineers and Trainmen (“BLET”) General Chairmen (Scott Bunten, Dewayne Dehart, and Jerry Sturdivant), who are affiliated with the International Brotherhood of Teamsters and represent members at Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern”), issued the following statement:

The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters (“BMWED Teamsters” or “BMWED-IBT”) today reiterated its support for Ancora Holdings Group, LLC’s (“Ancora”) efforts to elect seven director candidates and install Jim Barber at Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”).

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that Norfolk Southern shareholders support meaningful boardroom change by voting for five of its seven director candidates (the “Shareholder Slate”) at the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”) on May 9th. ISS recommends that shareholders elect William Clyburn, Jr., Sameh Fahmy, John Kasich, Gilbert Lamphere and Allison Landry to the Company’s Board of Directors (the “Board”). Previously, Glass Lewis recommended shareholders elect six of Ancora’s director candidates, including proposed CEO Jim Barber.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that Glass, Lewis & Co. ("Glass Lewis"), a leading independent proxy advisory firm, recommends the Company’s shareholders vote to elect six dissident nominees on the BLUE Proxy Card at the upcoming Annual Meeting of Shareholders (“Annual Meeting”) on May 9, 2024. In particular, Glass Lewis recommends for the following Ancora nominees: Betsy Atkins, James Barber, Jr., William Clyburn, Jr., Sameh Fahmy, Gilbert Lamphere and Allison Landry.

The Brotherhood of Locomotive Engineers and Trainmen (“BLET”), an affiliate of the Rail Division of the International Brotherhood of Teamsters, announced today that it has determined, after careful review and new developments since the proxy battle began, that a change in leadership at Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern”) is necessary and in the best interest of both BLET members and the railroad’s long-term success.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that its seven candidates (the “Shareholder Slate”) for election to the Company’s 13-member Board of Directors (the “Board”) have received support from the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of Teamsters (“BLET Teamsters”). The BLET Teamsters represent locomotive engineers, conductors, brakemen, firemen, switchmen, hostlers and other train service employees at Norfolk Southern.

The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters (“BMWED-IBT”) today announced that it has determined a change in leadership at Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern”) is necessary.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that its seven candidates (the “Shareholder Slate”) for election to the Company’s 13-member Board of Directors (the “Board”) have received support from the Brotherhood of Maintenance of Way Employees Division of the International Brotherhood of Teamsters (“BMWED Teamsters”). The nominees have collectively expressed their gratitude to the union.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today updated shareholders on its campaign to elect seven unaffiliated and qualified candidates (the “Shareholder Slate”) to the Company’s 13-member Board of Directors (the “Board”) at the Annual Meeting of Shareholders (the “Annual Meeting”) on May 9, 2024. Vote on the BLUE Proxy Card to elect the entire Shareholder Slate at the Annual Meeting.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today issued a presentation on the urgent need for leadership, safety and strategy changes at Norfolk Southern. The presentation also showcases the comprehensive plan prepared by Ancora’s nominees and proposed management team to transform Norfolk Southern and meaningfully improve shareholder value.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that its proposed CEO and director candidate Jim Barber, proposed COO Jamie Boychuk and director candidate Sameh Fahmy will be participating in a fireside chat with Deutsche Bank’s Transportation and Shipping markets analyst Amit Mehrotra on Monday, April 15 from 10:00 AM to 11:00 AM Eastern Standard Time.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board”) apparent failures of diligence and poor judgment in appointing John Orr as COO.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that it is filing a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its nomination of seven highly qualified director candidates for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”) scheduled for May 9, 2024. Additionally, Ancora sent a letter to shareholders regarding its leadership team’s three-year path to superior performance and significant value creation at Norfolk Southern.

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today issued the below statement in response to the Company’s appointment of its third COO in two years under CEO Alan Shaw:

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today announced that its slate of director candidates and suggested management team have issued the below statement and released a summarized white paper that includes analysis and recommendations pertaining to the Company’s safety culture (downloadable here).

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today issued the below statement regarding the Company’s latest derailment. As a reminder, we recently announced the nomination of eight highly qualified, independent candidates (the “Investor Slate”) for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders. In addition, we announced a proposed management team that includes transportation network leader Jim Barber, Jr. as Chief Executive Officer and lifelong railroad operator and turnaround expert Jamie Boychuk as Chief Operating Officer. To learn more, visit www.MoveNSCForward.com.

Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (collectively, the “Investor Group” or “we”), who collectively own a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today issued an open letter to the Company’s Chair, Amy Miles.

Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (collectively, the “Investor Group” or “we”), who collectively own a large equity stake in Norfolk Southern Corporation (NYSENSC) (“Norfolk Southern” or the “Company”), today issued the below statement following the Federal Railroad Administration’s recent letter.

Shares of Norfolk Southern Corporation (NYSENSC) traded at a new 52-week high today and are currently trading at $259.69. So far today, approximately 404.12k shares have been exchanged, as compared to an average 30-day volume of 1.15M shares.