BRN consent solicitation: two directors removed, one elected, bylaw restored

BARNWELL INDUSTRIES INC

Sherwood Group consent solicitation certified May 16: Proposal 1 (repeal board bylaw amendment) approved with 53.43% consent.
Directors Alexander Kinzler and Douglas Woodrum removed with 53.44% and 55.73% consent; Kenneth Grossman and Joshua Horowitz not removed.
Heather Isidoro elected to board with 53.44% consent; other Sherwood nominees failed to reach majority.
Bylaw amended to restore right of 25% stockholders to call special meetings.

item 5.02item 5.07item 5.03item 9.01

Executive movements

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Departed

Douglas N. Woodrum

Director

BRN · BARNWELL INDUSTRIES INC

Effective: 2025-05-16
Filed: May 19, 2025 23:59 UTC

As discussed in Item 5.07 below, the requisite written consents were received with respect to Proposal 1, and with respect to Proposals 2 and 3, the requisite written consents were received to remove Mr. Kinzler and Mr. Woodrum from the Board and to elect Ms. Isidoro to the Board.

Appointed

Heather Isidoro

Director

BRN · BARNWELL INDUSTRIES INC

Effective: 2025-05-16
Filed: May 19, 2025 23:59 UTC

On May 16, 2025, following the certification by the independent inspector of elections of the Consent Solicitation results, Ms. Isidoro was elected to the Board.

Departed

Alexander C. Kinzler

Director

BRN · BARNWELL INDUSTRIES INC

Effective: 2025-05-16
Filed: May 19, 2025 23:59 UTC

As discussed in Item 5.07 below, the requisite written consents were received with respect to Proposal 1, and with respect to Proposals 2 and 3, the requisite written consents were received to remove Mr. Kinzler and Mr. Woodrum from the Board and to elect Ms. Isidoro to the Board.

Source: SEC EDGAR

accession 0001140361-25-019788

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