---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-036721"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2026-09-16T11:30:24+00:00"
generated_at: "2026-09-16T11:35:08.936457+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries completes sale of Hawaii development interests for $1.77M gross

## Summary
- Gross purchase price $1.77M; net proceeds to Barnwell approx. $1.54M.
- Pre-closing distributions of approx. $0.14M bring total cash receipts to ~$1.7M.
- Buyer David Johnston acquired interests in KKM Makai, LLLP and KD Kona 2013 LLLP; deal closes exit from Hawaii.
- Company expects minimal winding-up costs for related partnerships and will pursue strategic investments and acquisitions.
- Seller protections include limited reps/survival, 10% liability cap, and indemnity for potential Terry Johnston commission claim.

## SEC filing metadata
- accession: 0001140361-26-036721
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2026-09-16T11:30:24+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036126036721/0001140361-26-036721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036126036721/ef20082080_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-036721
- JSON: https://secwatch.observer/filing/0001140361-26-036721.json
- Plain text: https://secwatch.observer/filing/0001140361-26-036721.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.