{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-001946","form_type":"8-K","ticker":"BRN","cik":"0000010048","company_name":"BARNWELL INDUSTRIES INC","filed_at":"2025-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.654399+00:00","generated_at":"2026-05-27T08:54:41.786507+00:00","sec_items":["1.01","3.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Barnwell Industries adopts limited-duration poison pill to counter 30% holder Sherwood Group","bullets":["Rights plan effective Jan 26, 2025; expires Jan 26, 2026; triggered at 20% ownership; Sherwood Group grandfathered at ~30% but cannot buy additional 0.25%+.","Special committee formed Nov 7, 2024 recommended plan after Sherwood Group rebuffed engagement and cooperation agreement expired.","Rights become exercisable upon trigger; each right allows purchase of common stock at effectively half price; Board can redeem at $0.001/right.","Press release states Sherwood designees may seek to exit oil & gas business; potential proxy fight at next annual meeting.","Plan designed to prevent creeping control and ensure fair treatment for all shareholders; any extension requires shareholder vote."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-001946","json":"https://secwatch.observer/filing/0001140361-25-001946.json","markdown":"https://secwatch.observer/filing/0001140361-25-001946.md","text":"https://secwatch.observer/filing/0001140361-25-001946.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10048/000114036125001946/0001140361-25-001946-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10048/000114036125001946/ef20042328_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T08:54:41.786507+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}