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Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
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  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Nitor Capital Management Thanks Fellow Stockholders for Sending Clear Message to Tejon Ranch Board

By: via GlobeNewswire

Maintains Voting Results Demonstrate that Stockholders Have Lost Confidence in Current Board’s Stewardship

Calls on Board to Immediately Engage with Nitor Capital Management to Address Widespread Stockholder Concerns

ENGLEWOOD CLIFFS, N.J., May 20, 2024 (GLOBE NEWSWIRE) -- Nitor Capital Management LLC (together with its affiliates, “Nitor Capital Management” or “we”), a significant stockholder of Tejon Ranch Company (NYSE: TRC) (“Tejon Ranch” or the “Company”) which beneficially owns approximately 1.8% of Tejon Ranch’s outstanding shares, today expressed its views on the clear message sent by the Company’s stockholders at the 2024 annual meeting of stockholders held on May 14, 2024 (the “Annual Meeting”).

Nitor Capital Management is grateful to its fellow stockholders for supporting its efforts to send an unequivocal message to Tejon Ranch’s board of directors (the “Board”) that the status quo is unacceptable. We hope that the voting results serve as a wake-up call to the incumbent directors, but at a minimum, we are confident that they represent an important first step towards creating meaningful change at the Company. Notably, each of the directors we targeted – Steven A. Betts, Norman J. Metcalfe, Geoffrey L. Stack and Michael H. Winer – barely received support from more than a majority of the outstanding shares, with each receiving support from only approximately 54% to 58% of the outstanding shares. Additionally, only 49% of the outstanding shares voted in favor of approval of the executive compensation proposal at the Annual Meeting. Clearly this is not a stockholder base satisfied by the current state of affairs at Tejon Ranch.

We believe the voting results at the Annual Meeting demonstrate that stockholders have lost confidence in the current Board’s ability to lead the Company and act in the best interests of stockholders. In our view, a board of directors that has lost the confidence of stockholders, the true owners of a company, no longer deserves to make formative decisions about the future of that company. We also question how the current Board, which has seemingly been content with the Company’s share price being lower today than it was in 1985, could truly be committed to or capable of change that would benefit long-term stockholders. Accordingly, we call on the Board to immediately engage with its stockholders, including Nitor Capital Management, prior to completing the CEO search process or making any other changes to executive management or the Board. We encourage fellow stockholders who share our concerns to let the Company know that they are not supportive of the current Board continuing to make critical decisions about the future leadership of the Company at this time.

Since our initial letter was issued on April 18, 2024, Tejon Ranch’s stock price has increased by over 20%.1 We view the response from the market, together with the voting results at the Annual Meeting, as unmistakable evidence that our views are shared by many stockholders. Given the clear mandate from stockholders that the status quo will no longer be tolerated, we look forward to the Board working constructively with us to deliver value to the Company’s long-suffering stockholders.

However, should the Board fail to adequately address the message sent by stockholders at the Annual Meeting, we are committed to holding the Board accountable and will not hesitate to take any actions that we believe are necessary to ensure that stockholder interests are prioritized in the boardroom.

About Nitor Capital Management LLC
Nitor Capital Management LLC is an investment management firm based in Englewood Cliffs, New Jersey that manages capital on behalf of institutional and high-net worth investors. The firm manages Nitor Capital LLC, an investment fund that makes long-term, concentrated investments in companies that own unique, high-caliber, businesses and assets.

Contact
David J. Spier
Nitor Capital Management LLC
dspier@nitorcapital.com

1 Calculated based on the closing price of the Company’s stock on April 17, 2024 and May 17, 2024.


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