09:06 AM EDT, 05/09/2024 (MT Newswires) -- Norfolk Southern ( NSC ) shareholders voted to elect three board nominees supported by Ancora Holdings Group at the company's annual meeting of shareholders, preliminary results showed Thursday.

As a result, a majority of Norfolk Southern's ( NSC ) board will be comprised of directors nominated or unopposed by Ancora, according to a press release.

"Notably, CEO Alan Shaw received what we deem a resounding vote of no confidence based on preliminary voting results that indicate he barely received support from holders of 50% of the company's outstanding shares," Ancora Chief Executive and Chairman Frederick DiSanto and Ancora Alternatives President James Chadwick said in a joint statement.

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