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Barnwell Industries Shareholders Reject Ned Sherwood's Attempt to Take Full Control of the Company
- On May 14, 2025, Barnwell Industries shareholders voted against Ned Sherwood's effort to overhaul the full Board of Directors.
- This event followed the Sherwood Group's proxy campaign and legal disputes over nomination notices not complying with Barnwell's bylaws.
- Shareholders approved the removal of directors Alexander Kinzler and Douglas Woodrum, a former nominee of the Sherwood Group, and elected Heather Isidoro; however, the Sherwood Group did not secure control of the majority on the Board.
- Executive Chairman Alexander Kinzler, a 9.5% shareholder, said he is disappointed and will step down by December 31, 2025, while assisting with key transitions in management and headquarters relocation.
- Barnwell characterized the results as preliminary, remains open to good-faith settlement discussions, and plans to file final consent solicitation results with the SEC by May 19, 2025.
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Coverage Details
Total News Sources43
Leaning Left3Leaning Right5Center13Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
14%
C 62%
R 24%
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