0001193125-13-204444.txt : 20130507 0001193125-13-204444.hdr.sgml : 20130507 20130507161441 ACCESSION NUMBER: 0001193125-13-204444 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130507 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130507 DATE AS OF CHANGE: 20130507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEJON RANCH CO CENTRAL INDEX KEY: 0000096869 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 770196136 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07183 FILM NUMBER: 13820155 BUSINESS ADDRESS: STREET 1: 4436 LEBEC ROAD STREET 2: PO BOX 1000 CITY: LEBEC STATE: CA ZIP: 93243 BUSINESS PHONE: 6612483000 MAIL ADDRESS: STREET 1: 4436 LEBEC RD STREET 2: PO BOX 1000 CITY: LEBEC STATE: CA ZIP: 93243 8-K 1 d532540d8k.htm FORM 8-K FORM 8-K
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20509

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) May 7, 2013

 

 

Tejon Ranch Co.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   1-7183   77-0196136

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

P. O. Box 1000, Lebec, California   93243
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code 661 248-3000

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Table of Contents

TABLE OF CONTENTS

 

Item 5.02

   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers      3   

Item 9.01

   Financial Statements, Pro Forma Financial Information and Exhibits      3   

Signatures

     4   

 

2

Table of Contents
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

At the Company’s Annual Meeting of Stockholders on May 7, 2013, Robert A. Stine, President and CEO, announced that he plans to retire at the end of 2013. A Board committee, headed by independent director John Goolsby, was formed to lead the effort to locate a successor for Mr. Stine and has retained the services of an executive search firm to help identify qualified candidates.

 

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits

Exhibits

99.1 Press Release of the Company dated May 7, 2013, announcing that the Company’s CEO, Robert A. Stine, plans to retire at the end of 2013.

 

3

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 7, 2013     TEJON RANCH CO.
    By:  

/s/ ALLEN E. LYDA

    Name:   Allen E. Lyda
    Title:   Executive Vice President, and Chief Financial Officer

 

4

EX-99.1 2 d532540dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

TEJON RANCH PRESIDENT AND CEO TO RETIRE

May 7, 2013 – Tejon Ranch, CA – (BusinessWire) - (NYSE – TRC) Robert A. Stine, President and CEO of Tejon Ranch Company, announced today that he plans to retire at the end of 2013. He made the announcement at the Company’s Annual Shareholders’ Meeting. Mr. Stine, whose 17 years at the helm of Tejon Ranch makes him the longest-tenured CEO in the Company’s history, will continue to serve on its Board of Directors.

After becoming aware of Mr. Stine’s intention to retire, the Board began to implement the Company’s succession plan, which it reviews and updates on an annual basis. A Board committee, headed by independent director John Goolsby, was formed to lead the effort to locate Mr. Stine’s successor and has retained the services of an executive search firm to help identify qualified candidates, both internal and external.

“Bob Stine has established quite a legacy,” said Kent G. Snyder, chairman of the board of Tejon Ranch Company. “In 1996, when he took over leadership of Tejon Ranch, the company was primarily focused on its ranching and farming operations. In his 17 years at the Ranch, he has transformed Tejon into a truly diversified land development and agribusiness company committed to building long-term shareholder value.”

“The last 17 years have been the highlight of my career,” said Stine. “It’s been a privilege and an honor to work on this California landmark and I’m proud of what we accomplished—creating a master plan for the entire Ranch; successfully entitling Tejon Mountain Village and the Tejon Ranch Commerce Center; seeing the growth in industrial and commercial development at the Commerce Center and its emergence as a prime retail destination, highlighted by the prospect of the forthcoming Outlets at Tejon Ranch; and negotiating California’s most significant private conservation agreement. There are many more milestones I could list, but instead of looking back, it’s more important we look forward. The future of Tejon Ranch is extraordinarily bright, but it’s time for me to move to the next chapter of my life and turn over the reins of the company

to new leadership. My retirement from full time employment will allow my wife and me more time to be with our growing grandchildren and for travel. I look forward to working with the new president, as a member of the board, and watching Tejon Ranch Company continue to grow.”

The Board will continue to review and interview prospective candidates with the intention of having a new president in place well before Mr. Stine retires. It believes it is important, as noted in the succession plan, that there be an orderly transition in leadership.

####

About Tejon Ranch

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.

More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.

CONTACT:

Barry Zoeller

Vice President, Corporate Communications & Marketing

(661) 663-4212

bzoeller@tejonranch.com