On March 26, 2024, Norfolk Southern Corporation announced that it has issued a statement highlighting the strength of its board of directors and its track record of thoughtful refreshment. The Company stated that board embraces change and feedback from investors to ensure alignment with shareholders' best interests and has led a thoughtful and comprehensive refreshment process to ensure it is best positioned to hold management accountable and deliver results for shareholders. This includes appointing 6 new directors in the past 5 years.

The Company added that board is cohort of directors that Ancora would have shareholders dismantle and replace with its nominees who the board has determined lack the necessary qualifications to serve on the board and are being put forward solely as part of Ancora's campaign to remove management and take control of the board to implement Ancora's ill-conceived and reckless strategy. The Company urged shareholders to vote for the entire slate of 13 director nominees and discard any blue proxy card received from Ancora.