FREDERICK C. TUOMI - Corporate Board Profile

TEJON RANCH CO

Filing Date	Source Excerpt
2015-03-30	Mr. Tuomi has been Chief Operating Officer for Colony American Homes, Inc., Scottsdale, AZ since July of 2013. Mr. Tuomi also served as Executive Vice President and President, Property Management for Equity Residential, a multi-family REIT from January 1994 through June 2013. Mr. Tuomi received B.A. and M.B.A. degrees from Georgia State University. Our Board believes that Mr. Tuomi’s background and experience make him very qualified to serve as a director. Directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock in arrears, based on the closing price of the Company’s common shares at each quarter end. Mr. Tuomi’s total compensation was $27,150.
2016-03-31	Frederick C. Tuomi Mr. Tuomi is currently the Chief Executive Officer of Colony Starwood Homes (SFR), the company formed from the merger of Colony America Homes (CAH) and Starwood Waypoint Residential Trust (SWAY). SFR is a public single family REIT, owning over 30,000 homes in markets across the U.S. Mr. Tuomi served as CAH's Co-President from March 2015 to January 2016 and COO from July 2013 to January 2016. He was responsible for setting CAH's strategic direction and leading the operations of CAH's operations including construction/renovations, marketing, leasing, property management, asset management, human resources and information technology. Mr. Tuomi also served as Executive Vice President and President, Property Management for Equity Residential, a multi-family REIT from January 1994 through June 2013. He led the development of Equity Residential's Property Management Group through years of rapid growth and expansion to become the nation's largest apartment REIT. Throughout his 35 year career, he has served on numerous multi-family industry boards and executive committees, including the National Multi-Housing Council, California Housing Council, California Apartment Association and the USC Lusk Center for Real Estate. Mr. Tuomi also serves on the board of directors and as treasurer of the National Rental Housing Council. Mr. Tuomi is a graduate of Georgia State University, with degrees in Business Information Systems and an M.B.A. Our Board believes that Mr. Tuomi's real estate background and understanding of the single family housing market make him very qualified to serve as a director. Director Compensation in Fiscal Year 2015 In 2015, non-employee directors received 1,000 shares of stock and an annual retainer of $60,000 payable quarterly in the form of common stock in arrears, based on the closing price of the Company's common shares at each quarter end. In addition, the Chairman of the Board received an annual retainer of $25,000 payable in common stock, and the Chairman of each of the Audit, Compensation, Real Estate Committees, and Nominating and Corporate Governance Committee received an annual retainer of $15,000 payable in common stock. Directors affiliated with a person or entity owning 10% or more of the Company's total shares outstanding could elect to receive their entire annual retainer in cash. Directors are not paid any fees for board or committee meeting attendance. During 2012, the Compensation Committee approved stock retention guidelines for non-employee directors; the target retention value is five times the value of the annual director retainer. Frederick C. Tuomi Fees Earned or Paid in Cash ($) — Stock Awards ($) 83,280 Total ($) 83,280
2017-03-30	Mr. Tuomi is currently the Chief Executive Officer of Colony Starwood Homes. Our Board believes that Mr. Tuomis real estate background and understanding of the single-family housing market make him very qualified to serve as a director. He serves on the Executive and Audit Committees.
2018-03-28	Frederick C. Tuomi who has served as a Class I Director since 2014, informed the Board that he did not intend to stand for reelection at the 2018 Annual Meeting and as such was not nominated to stand for reelection.