Business
Barnwell Announces Reduction of Quorum for Further Adjourned 2025 Annual Meeting
HONOLULU, HI / ACCESS Newswire / September 11, 2025 / Barnwell Industries, Inc. (NYSE American:BRN) ("Barnwell" or the "Company") today convened and then adjourned the 2025 Annual Meeting of Stockholders (the "2025 Annual Meeting") without transacting ...
About this update from Barnwell Industries, Inc.
[{"type":"text","content":"HONOLULU, HI / ACCESS Newswire / September 11, 2025 / Barnwell Industries, Inc. (NYSE American:BRN) ("Barnwell" or the "Company") today convened and then adjourned the 2025 Annual Meeting of Stockholders (the "2025 Annual Meeting") without transacting any other business. The 2025 Annual Meeting was adjourned to be held on Friday, September 19, 2025 at 9:00 a.m., Hawaii Standard Time, at Suite 210, Alakea Corporate Tower, 1100 Alakea Street, Honolulu, Hawaii. The 2025 Annual Meeting will continue to be uncontested and the adjournment of the 2025 Annual Meeting will not reopen the nomination window for the election of directors under the Company's Amended and Restated Bylaws (the "Bylaws").","length":741,"tagName":"p"},{"type":"text","content":"So that a stockholder vote on the nominees to the Board may occur and the Company's annual meeting be concluded, the Board decided yesterday to amend the Bylaws to reduce the quorum requirement on a one-time, limited basis to transact business at the 2025 Annual Meeting from a majority of the shares of the Company issued and outstanding and entitled to vote to thirty-three and one-third percent (33","length":405,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"Barnwell Industries","className":"","disableSlideshowImg":false,"size":{"original":{"width":6,"height":25,"url":"https://media.zenfs.com/en/accesswire.ca/799ec2045465f5b0e0291c722ef039ca"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vs_MC8s6jvDZPr9clZVLwg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2O2g9MTUwO2NmPXdlYnA-/https://media.zenfs.com/en/accesswire.ca/799ec2045465f5b0e0291c722ef039ca","width":6,"height":25}}},{"type":"text","content":"%) of the issued and outstanding shares of the Company entitled to vote, represented in person or by proxy.","length":107,"tagName":"p"},{"type":"text","content":"By purposefully defeating a quorum, Mr. Sherwood forced multiple adjournments of the 2025 Annual Meeting, depriving all stockholders of the orderly and timely election of directors, forced the Company to incur additional costs over the past several quarters, and caused management to divert attention and resources away from executing on its strategy for enhancing stockholder value.","length":383,"tagName":"p"},{"type":"text","content":"Over the past ...