Management Change/Compensation Form 8 K

For over 34 years, it has been a great experience to work at Tejon Ranch. It has been a wonderful opportunity to learn and be a part of a team setting the foundation for the company to continue to grow. I have enjoyed working with you, prior CEOs, and all of our team over these years.

It has been a very tough decision that my family and I have made that I will be retiring effective March 1, 2025.

I will miss working with the team but in life there is a season for everything and now it is time for me to move forward and discover new opportunities.

I want to thank the Board of Directors and you for the opportunity I have had these last several years and I wish everyone continued success.

Sincerely,

/s/Allen E. Lyda

Allen E. Lyda