JACKSONVILLE, Fla. — CSX Corp. announced that the preliminary report of IVS Associates, Inc. (IVS), the independent inspector of election for CSX’s 2008 annual meeting of shareholders, indicates that Board nominees Donna M. Alvarado, John B. Breaux, Steven T. Halverson, Edward J. Kelly III, John D. McPherson, David M. Ratcliffe, Donald J. Shepard, and Michael J. Ward, and TCI Group nominees Alexandre Behring, Christopher Hohn, Gilbert H. Lamphere and Timothy T. O’Toole are the twelve nominees to the Board who received the most votes cast at the meeting.
In addition, based on the independent inspector’s preliminary review of proxies submitted, CSX shareholders voted to approve ratification of the appointment of Ernst & Young, LLP as CSX’s independent auditors for the 2008 fiscal year as well as the TCI Group’s special meeting and nullification proposals.
The Company noted that the voting results are subject to a customary review and challenge period as well as the outcome of pending litigation between the Company and the TCI Group before the U.S. Court of Appeals for the Second Circuit.
The CSX annual meeting of shareholders was held on June 25, 2008 and has been adjourned until July 25, 2008.