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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) March 10, 2015
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)) |
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
The Company announced today that it has appointed Joseph N. Rentfro to be the Company’s Executive Vice President, Real Estate, effective immediately as more particularly described in the Press Release attached hereto.
| Item 9.01 | Financial Statements, Pro Forma Financial Information and Exhibits |
Exhibits
| 99.1 | Press Release of the Company dated March 10, 2015, announcing that the Company hired Joseph N. Rentfro to be the Company’s Executive Vice President, Real Estate. | |
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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: March 10, 2015 | TEJON RANCH CO. | |||||
| By: | /S/ ALLEN E. LYDA | |||||
| Name: | Allen E. Lyda | |||||
| Title: | Executive Vice President, and Chief Financial Officer | |||||
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Exhibit 99.1
FOR IMMEDIATE RELEASE
March 10, 2015
TEJON RANCH CO. NAMES EXECUTIVE VICE PRESIDENT OF REAL ESTATE
VIA BUSINESS WIRE: (Tejon Ranch, CA) — Tejon Ranch Co. (NYSE: TRC) announced today that Joe Rentfro has joined the company as Executive Vice President of Real Estate. Rentfro is a veteran real estate executive with 25 years of experience, including development oversight for some of the highest profile projects in the USA and Middle East. He has managed development projects totaling more than $7 billion and been responsible for creating or leading the design and/or development of more than 50 master-planned, mixed-use, hospitality, residential, retail, commercial and infrastructure projects.
“We are extremely pleased to have a person of the caliber and experience of Joe Rentfro lead our real estate development efforts,” said Gregory S. Bielli, President and CEO of Tejon Ranch Co. “He has a global track record of success, and given the diversity of our real estate ventures, his wide range of experience will serve us well.”
For the last five years, Rentfro directed development efforts for a number of major projects within the Emirate of Abu Dhabi in the United Arab Emirates. Notable developments include the Westin Abu Dhabi Golf Resort & Spa, Monte Carlo Beach Club-Saadiyat, Eastern Mangroves Resort and Residences, St. Regis Saadiyat Island Resort and Residences, and the Al Yamm and Al Sahel Villas at the Desert Islands Resort & Spa by Anantara. Most recently, he oversaw design, development, asset management, retail leasing, business operations and budgeting for a subsidiary of the Executive Affairs Authority, which plans, develops and delivers projects on behalf of the Government of Abu Dhabi, projects including New York University Abu Dhabi.
Prior to his work in the Middle East, Rentfro held executive positions at The St. Joe Company (NYSE: JOE), ascending ultimately to Regional Vice President and General Manager. There he led all efforts related to planning, design, entitlement, development, construction, asset management, marketing and sales for real estate operations within a 330,000-acre region along the Gulf Coast in Northwest Florida.
During his tenure with St. Joe, the largest landowner in the State of Florida with ownership of more than one million acres, he was responsible for the sale of many millions of dollars in real estate assets, including single family homes, residential lots, industrial/business park sites, entitled parcels, right-of-ways, and timberlands.
Renfro has also held executive positions with Aramark Corporation (NYSE: RMK) and Marriott International, Inc. (NYSE: MAR)—as well as positions early in his career with PKF Consulting, Loews Hotels & Resorts, and The Walt Disney Company (NYSE: DIS).
A native Texan, Rentfro received a bachelor degree from Texas A&M University, his Master’s Degree from Georgia Institute of Technology and has completed executive education programs at Penn State University’s Smeal College of Business, Harvard Business School, and Stanford’s Graduate School of Business.
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About Tejon Ranch Company (NYSE: TRC)
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, visit www.tejonranch.com
| CONTACT: | Barry Zoeller, Vice President | |||
| Corporate Communications & Investor Relations | ||||
| (661) 663-4212 | ||||
| bzoeller@tejonranch.com |