Barnwell Industries Urges Shareholders to Vote in Accordance with ISS Recommendation and Reject Ned Sherwood's Attempt to Take Over the Company

Core Viewpoint - Barnwell Industries, Inc. urges shareholders to support the recommendation by Institutional Shareholder Services Inc. (ISS) to elect Heather Isidoro and to reject the Sherwood Group's proposals [1][2][3] Group 1: Shareholder Recommendations - ISS recommends voting for Heather Isidoro and against the removal of Kenneth Grossman, Joshua Horowitz, and Douglas Woodrum, while supporting the removal of Alex Kinzler [2] - Barnwell expresses disappointment over ISS's recommendation to remove Mr. Kinzler but believes that electing Ms. Isidoro and removing Mr. Kinzler is a reasonable outcome [2][3] - The company emphasizes that replacing the entire board without a plan would be imprudent and value destructive [2][3] Group 2: Sherwood Group's Position - Barnwell asserts that the Sherwood Group lacks a credible plan for the company, which was a key criterion for ISS's recommendations [3] - The company strongly urges shareholders to protect their investment by voting against the Sherwood Group's agenda [4]