We believe results of the 2024 shareholder vote indicate rising investor sentiment that change is needed within the company's top management & compensation structure, which we also believe has important implications for the search for a new CEO to replace the company's outgoing CEO who announced his intention to retire on 12/31/24. In our view, TRC now has an opportunity to strengthen its management team and improve its interaction with public shareholders, just as we believe it did with the 2023 appointment of new CFO Brett Brown.
