Norfolk Southern and Wyndham Hotels & Resorts

Each filed their PREC14A today in preparation for respective proxy contests

Norfolk Southern (NSC) -vs- Ancora Catalyst Institutional, LP

In anticipation of likely arguments from Ancora, the company underscores the East Palestine disaster response and “strengthening [of their] safety culture” in the Board Chair Letter:

Wyndham Hotels & Resorts (WH) -vs- Choice Hotels International, Inc.

. . .Choice is making these nominations with the sole purpose of advancing its hostile exchange offer, which your Board unanimously determined is inadequate, risk-laden and not in the best interests of Wyndham shareholders. - WH Board

Choice Hotels also intends on presenting a “proposal to repeal certain by-laws” dating back to January of 2023.

It appears the only bylaw changes that were unilaterally made occured in July of 2023 and can be found here. Synopsis from company below:

Wyndham notes that “[o]n February 22, 2022, the Company, in accordance with [their] By-Laws, sent Choice a letter requesting that Jay Shah provide certain supplemental information about potential conflicts of interest that may exist if he were to join the Wyndham Board because of his existing roles and investments.”

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