Business
Barnwell Announces Second Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders
Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, which reconvened today, has been adjourned to Tuesday, June 17, 2025.
About this update from Barnwell Industries, Inc.
[{"type":"text","content":"HONOLULU, June 2, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, which reconvened today, has been adjourned to Tuesday, June 17, 2025.","length":267,"tagName":"p"},{"type":"image","alt":"Barnwell Industries, Inc. Logo (PRNewsfoto/Barnwell Industries, Inc.)","displaySize":"","headline":null,"caption":"Barnwell Industries, Inc. Logo (PRNewsfoto/Barnwell Industries, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":299,"url":"https://media.zenfs.com/en/prnewswire.com/36ba71b7108766e191dafc860d4b7331"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PgYkMc89.0aTOPv8RtAtiA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/36ba71b7108766e191dafc860d4b7331","width":400,"height":299}},"href":"https://mma.prnewswire.com/media/2689871/Barnwell_Industries_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This is the second adjournment necessitated by the deliberate refusal of Ned Sherwood and his affiliates (collectively, the "Sherwood Group") to vote the proxies they actively solicited from Barnwell shareholders. Mr. Sherwood, in an effort to cure violations of federal securities laws due to inadequate disclosures of his intent, has now admitted in his May 30, 2025, press release that he will not vote the green proxy cards obtained from shareholders.","length":465,"tagName":"p"},{"type":"text","content":"By refusing to turn in the green proxy cards, Mr. Sherwood is holding hostage the votes of shareholders, including those shareholders who voted for the Company's candidates on the Sherwood Group's universal green proxy card. Accordingly, the Annual Meeting has again been adjourned to seek a quorum and prevent the continued expense of a long-term extension of the Annual Meeting process.","length":396,"tagName":"p"},{"type":"text","content":"Shareholders should be reminded that:","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"It is not too late to vote and only the latest card voted counts","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Shareholders should vote on the WHITE proxy card for ALL of the Barnwell nominees","length":8...