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]
Barnwell Announces Second Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders