Barnwell informs shareholder Sherwood his director nomination is defective, forms Executive Committee to investigate

BARNWELL INDUSTRIES INC

Sherwood submitted a control slate of five nominees; Barnwell says notice lacks required information and will likely be rejected.
Board formed Executive Committee of independent directors to investigate relationship between Sherwood and nominee Ben Pierson.
Executive Committee alleges Sherwood and his designees have a history of interfering with management, breaching standstill agreements.
Barnwell says Sherwood has no plan for the company other than to take control without paying a premium.
Company is shutting down water well drilling, focusing on Twining oil & gas property in Alberta with ~50 wells to drill.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.