Core Points - Barnwell Industries, Inc. has adjourned its 2025 Annual Meeting of Shareholders to June 17, 2025, due to the Sherwood Group's refusal to vote the proxies they solicited from shareholders [1][4] - The Sherwood Group's actions have led to a second adjournment, as they are not submitting the green proxy cards, which is impacting the voting process [2][3] - Heather Isidoro, a director elected as part of the Sherwood Group's solicitation, has resigned from the Board effective immediately [3] Company Actions - The Company is seeking to achieve a quorum for the Annual Meeting and prevent further expenses related to the extended meeting process [3] - Barnwell will disclose Isidoro's resignation to the SEC through a Current Report on Form 8-K [3] Shareholder Guidance - Shareholders are encouraged to vote on the WHITE proxy card for all Barnwell nominees, and those who previously voted on the Sherwood Group's green proxy card can change their vote [6]

HONOLULU, May 30, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, held yesterday, Thursday, May 29, 2025, has been adjourned to Monday, June 2, 2025.The adjournment was necessitated by the deliberate refusal of Ned Sherwood and his affiliates (collectively, the "Sherwood Group") to vote the proxies they actively and aggressively solicited from Barnwell shareholders. Mr. Sherwood's actions directly ...

Court Agrees Board Acted Reasonably to Reject Sherwood's Director Nominations for Failure to Comply with BylawsUncontested 2025 Annual Meeting to be Held as Scheduled on May 29, 2025Alex Kinzler Informs Board of His Decision Not to Stand for Election at the 2025 Annual MeetingHONOLULU, May 22, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that the Delaware Court of Chancery (the "Court") has ruled in favor of Barnwell and its Board of Direc ...

Vero Beach, Florida--(Newsfile Corp. - May 19, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company") today issued the following letter to Barnwell shareholders. Dear Barnwell Shareholders:In response to Barnwell Industries' (NYSE American: BRN) latest attempt to deflect attention from the Company's deteriorating financial position, the Sherwood Group urges sharehold ...

Announces Glass Lewis - For the Second Time in Three Weeks - Rejected Yet Another Attempt by the Sherwood Group to Take Control of Barnwell Sets the Record Straight in Response to the Sherwood Group's Misleading Claims Company Welcomes Heather Isidoro to the BoardHONOLULU, May 16, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today reiterated its commitment to serving the best interests of all shareholders, upholding governance best practices and creating ...

Exhibit 99.1 BARNWELL INDUSTRIES, INC. P R E S S R E L E A S E 1100 Alakea Street, Suite 500 Honolulu, Hawaii 96813 Telephone (808) 531-8400 Fax (808) 531-7181 Website: www.brninc.com Barnwell Industries, Inc. Reports Results for its Second Quarter Ended March 31, 2025 HONOLULU, HAWAII, May 15, 2025 -- Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its second quarter ended March 31, 2025. For the quarter, the Company had revenue from continuing operations of $3,569,000 a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-5103 BARNWELL INDUSTRIES, INC. 1100 Alakea Street, Suite 500, Honolulu, Hawaii 96813 (Address of principal executive offices) (Zip code) (Exact name of registrant as specified ...

HONOLULU, May 15, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its second quarter ended March 31, 2025. For the quarter, the Company had revenue from continuing operations of $3,569,000 and a net loss from continuing operations of $1,538,000 or $0.15 per share. In the prior year quarter ended March 31, 2024, the Company reported quarterly revenue from continuing operations of $4,678,000 and a net loss from continuing operations of $1,306,000 or ...

Core Viewpoint - Barnwell Industries, Inc. shareholders have rejected the Sherwood Group's attempt to take control of the Board of Directors, while also consenting to the removal of certain directors and the election of a new nominee [1][2][3]. Group 1: Shareholder Decisions - Preliminary results indicate that shareholders consented to remove directors Alexander Kinzler and Douglas Woodrum, while electing Heather Isidoro from the Sherwood Group [2]. - Despite some changes, Barnwell Directors Ken Grossman and Joshua Horowitz will continue to serve, ensuring continuity and independent oversight [2]. - The Sherwood Group's campaign to remove Douglas Woodrum was notably supported, as he received the most consents for removal among directors [3]. Group 2: Legal and Governance Matters - Barnwell is awaiting a decision from the Delaware Court of Chancery regarding the validity of the Sherwood Group's nomination notice for the upcoming 2025 annual meeting [4]. - The Company has determined that the Sherwood Group's nomination notice did not comply with applicable bylaws and has rejected it [4]. - Barnwell intends to supplement its proxy materials for the 2025 annual meeting following the Court's decision [4]. Group 3: Executive Commentary - Alexander Kinzler expressed disappointment with the consent solicitation results but indicated a willingness to step down as a director by the end of 2025 if elected [5]. - Kinzler plans to assist in identifying a successor Chief Financial Officer and transitioning the Company's headquarters from Honolulu to Calgary [5]. - The Company remains open to constructive discussions with the Sherwood Group to reach a resolution that benefits all shareholders [6]. Group 4: Reporting and Certification - The results of the consent solicitation are considered preliminary until certified by the independent Inspector of Elections [7]. - Barnwell will report the final results on a Form 8-K to be filed with the Securities and Exchange Commission by May 19, 2025 [7].

HONOLULU, May 12, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today urged shareholders to follow the recommendation by leading proxy advisory firm Institutional Shareholder Services Inc. ("ISS") in its May 7, 2025, report in which it recommended just one candidate, Heather Isidoro, from the slate put forward by Ned Sherwood and his affiliates (the "Sherwood Group").In its report, ISS stated1: Barnwell Industries, Inc. As such, votes on the dissiden ...