{"id":849586,"date":"2025-05-09T12:50:13","date_gmt":"2025-05-09T16:50:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/"},"modified":"2025-05-09T12:50:13","modified_gmt":"2025-05-09T16:50:13","slug":"kern-county-leaders-sign-letter-supporting-tejons-board","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/","title":{"rendered":"Kern County leaders sign letter supporting Tejon\u2019s Board"},"content":{"rendered":"<h2>\nState legislators, County supervisors highlight critical role of Tejon Master Planned Communities for economic development and growth<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">TEJON RANCH, Calif., May  09, 2025  (GLOBE NEWSWIRE) &#8212; Tejon Ranch Co.\u00a0(NYSE: TRC), (\u201cTejon\u201d or the \u201cCompany\u201d), a diversified real estate development and agribusiness company, today distributed a letter to shareholders signed by Kern County leaders in support of Tejon\u2019s Board and management and opposing efforts by Bulldog Investors (\u201cBulldog\u201d) that would jeopardize the development of Tejon\u2019s Master Planned Communities.<\/p>\n<p>The letter, signed by State Senators Shannon Grove and Melissa Hurtado, State Assemblymembers Stan Ellis and Dr. Jasmeet Bains, and Kern County Supervisors Chris Parlier, Jeff Flores and Leticia Perez, emphasized both the long-standing partnership between Tejon and Kern County and the critical role Tejon\u2019s Master Planned Communities represent for long-term, sustainable growth in Kern County.<\/p>\n<p>\u201cTejon Ranch is a crown jewel of Kern County and one of Kern\u2019s most trusted business and community partners,\u201d said Kern County Fifth District Supervisor and 2025 Chairwoman of the Board of Supervisors Leticia Perez. \u201cTejon\u2019s leadership has been part of the foundation for the building of Kern\u2019s economic success for nearly two centuries. Tejon\u2019s reliable partnership with Kern County stems from the Tejon Board\u2019s extensive historical knowledge of our region. The loss of this long term and intimate relationship between Tejon\u2019s current leadership and the people of Kern, would undermine the nearly two centuries of cooperation in our community and endanger the stability of our economy.\u201d<\/p>\n<p>\u201cTejon has been an engaged corporate citizen and forward-thinking partner for decades,\u201d said Kern County Second District Supervisor Chris Parlier, whose district includes the Kern County portions of Tejon Ranch. \u201cTejon\u2019s Board understands what it takes to develop large-scale Master Planned Communities in California, and they\u2019ve pursued bold and innovative strategies for navigating the State\u2019s challenging regulatory environment. To a serial proxy activist, these Master Planned Communities are little more than architect\u2019s renderings and investor presentations. But to the people I represent, they are real. They are our future.\u201d<\/p>\n<p>The full letter is attached.<\/p>\n<p>\n        <strong>About Tejon Ranch Co. (NYSE: TRC)<\/strong>\n      <\/p>\n<p>Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to www.tejonranch.com.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon\u2019s plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon\u2019s expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon\u2019s business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon\u2019s business results, refer to Tejon\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission.<\/p>\n<p>\n        <strong>Additional Information and Where to Find It<\/strong>\n      <\/p>\n<p>Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders.<\/p>\n<p>SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V38JDNuJP9AvJk91-NkQ0R77m8uWKAcsaNEi0rY0IKGQKrTJrsnGKBYsVeooxYaji_n5DJX5MOL_ALQppOA5vA==\" rel=\"nofollow\" target=\"_blank\">www.sec.gov<\/a>. Copies of the documents filed by Tejon are also available free of charge by accessing Tejon\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hJU7ltqJP01M_TZmVlkt_dr0hYFHjrJwwgbV-DIGBCaRx4XYMpyqhc3HknoG1fbiTBSQFODenmpVTaVGjUUbFlYTMZMRTPxtGMt55tHm8AQ=\" rel=\"nofollow\" target=\"_blank\">www.tejonranch.com<\/a>.<\/p>\n<p>\n        <strong>Participants<\/strong>\n      <\/p>\n<p>Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon\u2019s <strong>definitive proxy statement filed with the SEC on April 3, 2025 under \u201cSupplemental Information Regarding Participants in the Solicitation\u201d in Appendix A,<\/strong> which is available free of charge at the SEC\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V38JDNuJP9AvJk91-NkQ0bzLg_kzx9OwzNbHHzw-C9F4vuIO1ILjAPYJ0UVJYi-M8cZLl8HGPJWpEgntXSot-g==\" rel=\"nofollow\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p>\n        <strong>Contacts:<\/strong>\n      <\/p>\n<p>\n        <em>Investors <\/em><br \/>\n        <br \/>Nicholas Ortiz<br \/>Tejon Ranch Co., Senior Vice President,\u00a0Corporate Communications &amp; Public Affairs<br \/>661-663-4212<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1iHpWqWibLqwRH9TFSwxVPzQ4tr_uEJkRpi-muJTnNgb8j3QdzLwQxpcOojxxCOmxulSEvg70bRPbzrYtX_gLgQkJ1ueN8h2BeZ99JMM9sg=\" rel=\"nofollow\" target=\"_blank\">nortiz@tejonranch.com<\/a><\/p>\n<p>\n        <em>Media <\/em><br \/>\n        <br \/>Eric Brielmann \/ Jed Repko<br \/>Joele Frank, Wilkinson Brimmer Katcher<br \/>(212) 355-4449<\/p>\n<p>May 9, 2025<\/p>\n<p>Dear Tejon Ranch Shareholders:<\/p>\n<p>We write you today as Kern County community and civic leaders to demonstrate our appreciation of your investment in Tejon Ranch Company and trust in the Tejon Board of Directors.<\/p>\n<p>We ask you to continue supporting the Tejon Board, which has long been an engaged corporate citizen in our region. We take immense pride that Tejon is headquartered in Kern County, and we are appreciative to have a partner like Tejon committed to positioning our region for long-term sustainable growth.<\/p>\n<p>Kern County is proud of our reputation for successfully navigating the California Environmental Quality Act, ensuring environmental protection while enabling economic growth. <strong>As a developer, Tejon has demonstrated ingenuity and thoughtfulness in its land use entitlement strategy<\/strong>, with Tejon Ranch Commerce Center serving as <em>the<\/em> test case that has been studied and replicated to entitle and permit renewable and traditional energy projects in Kern County and leveraged as a model across the state.<\/p>\n<p>\n        <strong>We want to be clear: the success of Tejon\u2019s master planned communities is key to the future success of not only Tejon Ranch but also Kern County. <\/strong>With calls to liquidate Tejon\u2019s master planned communities, Bulldog\u2019s proxy contest at Tejon has become more than a corporate governance issue; it has become a public policy concern for Kern County. We cannot sit idly by while a serial proxy activist runs a campaign that could undo the decades of work Tejon has spent developing its assets, jeopardizing projects that are closely intertwined with our County\u2019s future economic growth and community development.<\/p>\n<p>While Bulldog pursues its adversarial campaign with no concrete plan,\u00a0<strong>the Tejon Board and management team are focused on delivering value for both its shareholders and our region.<\/strong><\/p>\n<p>We want our constituents and neighbors to understand how important Tejon\u2019s master planned communities are not only for the future of the Company, but also the future of California. We are proud to be forward thinking partners with a company like Tejon and look forward to a long and mutually rewarding future in the years and decades to come.<\/p>\n<p>Sincerely,<\/p>\n<p>The Honorable Shannon Grove<br \/>Senator, 12<sup>th<\/sup> District<br \/>California State Senate<\/p>\n<p>The Honorable Melissa Hurtado<br \/>Senator, 16<sup>th<\/sup> District<br \/>California State Senate<\/p>\n<p>The Honorable Stan Ellis<br \/>Assemblymember, 32<sup>nd<\/sup> District<br \/>California State Assembly<\/p>\n<p>The Honorable Chris Parlier<br \/>Supervisor, Second District<br \/>Kern County<\/p>\n<p>The Honorable Leticia Perez<br \/>Supervisor, Fifth District<br \/>2025 Chairwoman of the Board of Supervisors<br \/>Kern County<\/p>\n<p>The Honorable Dr. Jasmeet Bains<br \/>Assemblymember, 35<sup>th<\/sup> District<br \/>California State Assembly<\/p>\n<p>The Honorable Jeff Flores<br \/>Supervisor, Third District<br \/>Kern County<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ0ODQ2OCM2OTMyNTYzIzIwMDc2NDI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YzQ1YWJhNTEtZjFkOC00Y2I0LWIwNjItYmVmZGE3MjczMzQ0LTEwMTkyMTUtMjAyNS0wNS0wOS1lbg==\/tiny\/Tejon-Ranch-Co.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>State legislators, County supervisors highlight critical role of Tejon Master Planned Communities for economic development and growth TEJON RANCH, Calif., May 09, 2025 (GLOBE NEWSWIRE) &#8212; Tejon Ranch Co.\u00a0(NYSE: TRC), (\u201cTejon\u201d or the \u201cCompany\u201d), a diversified real estate development and agribusiness company, today distributed a letter to shareholders signed by Kern County leaders in support of Tejon\u2019s Board and management and opposing efforts by Bulldog Investors (\u201cBulldog\u201d) that would jeopardize the development of Tejon\u2019s Master Planned Communities. The letter, signed by State Senators Shannon Grove and Melissa Hurtado, State Assemblymembers Stan Ellis and Dr. Jasmeet Bains, and Kern County Supervisors Chris Parlier, Jeff Flores and Leticia Perez, emphasized both the long-standing partnership between Tejon and Kern County and the critical &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kern County leaders sign letter supporting Tejon\u2019s Board&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-849586","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kern County leaders sign letter supporting Tejon\u2019s Board - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kern County leaders sign letter supporting Tejon\u2019s Board - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"State legislators, County supervisors highlight critical role of Tejon Master Planned Communities for economic development and growth TEJON RANCH, Calif., May 09, 2025 (GLOBE NEWSWIRE) &#8212; Tejon Ranch Co.\u00a0(NYSE: TRC), (\u201cTejon\u201d or the \u201cCompany\u201d), a diversified real estate development and agribusiness company, today distributed a letter to shareholders signed by Kern County leaders in support of Tejon\u2019s Board and management and opposing efforts by Bulldog Investors (\u201cBulldog\u201d) that would jeopardize the development of Tejon\u2019s Master Planned Communities. The letter, signed by State Senators Shannon Grove and Melissa Hurtado, State Assemblymembers Stan Ellis and Dr. Jasmeet Bains, and Kern County Supervisors Chris Parlier, Jeff Flores and Leticia Perez, emphasized both the long-standing partnership between Tejon and Kern County and the critical &hellip; Continue reading &quot;Kern County leaders sign letter supporting Tejon\u2019s Board&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-09T16:50:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ0ODQ2OCM2OTMyNTYzIzIwMDc2NDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kern-county-leaders-sign-letter-supporting-tejons-board\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kern-county-leaders-sign-letter-supporting-tejons-board\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kern County leaders sign letter supporting Tejon\u2019s Board\",\"datePublished\":\"2025-05-09T16:50:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kern-county-leaders-sign-letter-supporting-tejons-board\\\/\"},\"wordCount\":1221,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kern-county-leaders-sign-letter-supporting-tejons-board\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ0ODQ2OCM2OTMyNTYzIzIwMDc2NDI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kern-county-leaders-sign-letter-supporting-tejons-board\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kern-county-leaders-sign-letter-supporting-tejons-board\\\/\",\"name\":\"Kern County leaders sign letter supporting Tejon\u2019s Board - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/","og_locale":"en_US","og_type":"article","og_title":"Kern County leaders sign letter supporting Tejon\u2019s Board - Market Newsdesk","og_description":"State legislators, County supervisors highlight critical role of Tejon Master Planned Communities for economic development and growth TEJON RANCH, Calif., May 09, 2025 (GLOBE NEWSWIRE) &#8212; Tejon Ranch Co.\u00a0(NYSE: TRC), (\u201cTejon\u201d or the \u201cCompany\u201d), a diversified real estate development and agribusiness company, today distributed a letter to shareholders signed by Kern County leaders in support of Tejon\u2019s Board and management and opposing efforts by Bulldog Investors (\u201cBulldog\u201d) that would jeopardize the development of Tejon\u2019s Master Planned Communities. The letter, signed by State Senators Shannon Grove and Melissa Hurtado, State Assemblymembers Stan Ellis and Dr. Jasmeet Bains, and Kern County Supervisors Chris Parlier, Jeff Flores and Leticia Perez, emphasized both the long-standing partnership between Tejon and Kern County and the critical &hellip; Continue reading \"Kern County leaders sign letter supporting Tejon\u2019s Board\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/","og_site_name":"Market Newsdesk","article_published_time":"2025-05-09T16:50:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ0ODQ2OCM2OTMyNTYzIzIwMDc2NDI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kern County leaders sign letter supporting Tejon\u2019s Board","datePublished":"2025-05-09T16:50:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/"},"wordCount":1221,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ0ODQ2OCM2OTMyNTYzIzIwMDc2NDI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/kern-county-leaders-sign-letter-supporting-tejons-board\/","name":"Kern County leaders sign letter supporting Tejon\u2019s Board - 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