Barnwell disqualifies Sherwood's nominees; sets Mar 14 record date for consent solicitation

BARNWELL INDUSTRIES INC

Executive Committee disqualified Ned Sherwood's director slate for 2025 annual meeting as defective and insufficient.
Record date set as March 14, 2025, for shareholders to act by written consent on Sherwood's bid to replace the Board.
Sherwood seeks 100% control without offering any premium; no alternative strategy presented despite repeated requests.
Company entered non-binding LOI to sell its water well subsidiary as part of refocus on oil and gas, previously endorsed by Sherwood.
Uncontested 2025 annual meeting expected in fiscal Q3 (calendar Q2); record date and meeting date not yet set.

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.