Barnwell reduces quorum to 33 1/3% for 2025 annual meeting amid proxy contest with Sherwood

BARNWELL INDUSTRIES INC

Board amended bylaws to reduce quorum from majority to 33 1/3% on a one-time basis for the 2025 meeting.
Annual meeting adjourned to Sept 19, 2025; previously submitted proxies will be voted unless revoked.
Company says Sherwood Group defeated quorum, causing multiple adjournments and additional costs.
Board recommends voting FOR its four nominees; urges stockholders to discard green proxy cards from Sherwood.
Company remains open to settlement discussions but says Sherwood rejected offers seeking board control.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BARNWELL INDUSTRIES INC: Reduced quorum requirement for 2025 annual meeting to 33 1/3% on a one-time basis (effective 2025-09-10).

Change: bylaw amendment
Effective: 2025-09-10

Exact text from the filing

On September 10, 2025, the Board of Directors of Barnwell Industries, Inc. (the “Company”) approved an amendment to the Company’s Amended and Restated Bylaws (the “Bylaws Amendment”) to reduce the quorum needed to transact business at the 2025 annual meeting of stockholders (including any adjournment or postponement thereof) on a one-time, limited basis to thirty three one-third percent (33 1/3%) of the Company’s voting power of the issued and outstanding shares of capital stock of the Company entitled to vote thereat, present in person or represented by proxy.

View on SEC.gov

83 governance changes filed in the last 30 days. Browse all governance changes →

BARNWELL INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001140361-25-034938

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.