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Barnwell Announces Second Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders

Barnwell Industries, Inc. Has postponed its shareholder meeting for the second time, rescheduling it to June 17, 2025, in Honolulu, Hawaii.
The adjournment followed Ned Sherwood and his affiliates, the Sherwood Group, deliberately refusing to vote the proxies they solicited from shareholders.
On May 30, 2025, Mr. Sherwood acknowledged that he will withhold voting the green proxy cards that were collected from shareholders, despite attempting to address alleged federal securities law violations related to disclosure.
Barnwell urges shareholders to vote the WHITE proxy card for all Company nominees, noting only the latest vote counts and some votes remain held hostage by Sherwood.
The adjournment aims to secure a quorum while preventing excess meeting expense, and Barnwell will disclose the director resignation related to this matter with the SEC.

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Barnwell Announces Second Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders

HONOLULU, June 2, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, which reconvened today, has been adjourned to Tuesday, June 17, 2025.

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