CSX Corp.’s proxy-vote results for the election of 12 directors Wednesday were “too close to call,” said spokesman Garrick Francis. Two hedge funds — The Children’s Investment Fund and 3G Capital Partners — and affiliates of the funds nominated a dissident slate of five directors. The two hedge funds and affiliates own a combined 8.7% of CSX stock, according to their SEC filings.
The Jacksonville, Fla., company will reconvene the annual meeting July 25 to announce certified voting results, Mr. Francis said. Company officials might release the results earlier, depending on how soon certification is completed by IVS, the firm hired for the tabulation, he added.
CSX will release the results of voting on other proxy issues at the same time, Mr. Francis said.
The $240.7 billion California Public Employees’ Retirement System, Sacramento, and the C$108.5 billion (US$107.3 billion) Ontario Teachers’ Pension Plan, Toronto, both voted for CSX’s slate of 12 nominees to the board.
