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Barnwell Announces Third Adjournment of 2025 Annual Meeting Due to Ned Sherwood’s Continued Refusal to Submit Votes Solicited from Shareholders
GlobeNewswire· 2025-06-18 10:00
Core Points - Barnwell Industries, Inc. has adjourned its 2025 Annual Meeting of Shareholders to September 3, 2025, due to the inability to obtain a quorum [1][3] - Shareholders of record as of July 21, 2025, are eligible to vote at the adjourned meeting [1][4] - The meeting remains uncontested, and the adjournment does not reopen the nomination window for director elections [4] Shareholder Voting - Shareholders are encouraged to vote on the WHITE proxy card for all of Barnwell's director nominees [2][7] - Those who previously voted on the Sherwood Group's green proxy card can change their vote to the WHITE proxy card to contribute to the quorum [2][7] - An amended notice and updated proxy materials will be sent to shareholders of record following the new record date [4] Company Commentary - Kenneth Grossman, Vice Chairman of Barnwell's Board, expressed optimism about the company's future and the value of its assets, while criticizing Ned Sherwood's actions as obstructive [3] - The company plans to actively solicit shareholders to achieve a quorum for the Annual Meeting [3]