Barnwell Industries Urges Shareholders to Reject Sherwood's Takeover Attempt, Supports ISS Recommendation for Board Voting

Reuters

2025/05/13

Barnwell Industries Urges Shareholders to Reject Sherwood's Takeover Attempt, Supports ISS Recommendation for Board Voting

Barnwell Industries Inc. has urged its shareholders to follow the voting recommendations made by Institutional Shareholder Services Inc. (ISS) ahead of its upcoming shareholder meeting. In their report dated May 7, 2025, ISS recommended the election of Heather Isidoro from the slate proposed by Ned Sherwood and his affiliates. However, ISS advised against the removal of Kenneth Grossman, Joshua Horowitz, and Douglas Woodrum from Barnwell's Board, while supporting the removal of Alex Kinzler. The advisory firm also recommended votes against dissident nominees James Cornell, Stuart Oran, Ned Sherwood, and Gregory Sullivan. Barnwell expressed disappointment over the recommendation to remove Mr. Kinzler but acknowledged the election of Ms. Isidoro as a reasonable outcome. The company emphasized the importance of protecting shareholder value by rejecting the Sherwood Group's attempt to take over the board, highlighting the lack of a credible plan from the Sherwood Group. Shareholders are encouraged to vote using the WHITE consent revocation card.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barnwell Industries Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY85973) on May 12, 2025, and is solely responsible for the information contained therein.

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(ISS) ahead of its upcoming shareholder meeting. In their report dated May 7, 2025, ISS recommended the election of Heather Isidoro from the slate proposed by Ned Sherwood and his affiliates. However, ISS advised against the removal of Kenneth Grossman, Joshua Horowitz, and Douglas Woodrum from Barnwell's Board, while supporting the removal of Alex Kinzler. The advisory firm also recommended votes against dissident nominees James Cornell, Stuart Oran, Ned Sherwood, and Gregory Sullivan. Barnwell expressed disappointment over the recommendation to remove Mr. Kinzler but acknowledged the election of Ms. Isidoro as a reasonable outcome. The company emphasized the importance of protecting shareholder value by rejecting the Sherwood Group's attempt to take over the board, highlighting the lack of a credible plan from the Sherwood Group. Shareholders are encouraged to vote using the WHITE consent revocation card.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barnwell Industries Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY85973) on May 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250512:nNDL5RwR1b:1","article_id":"2535784409","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535784409","pubTimestamp":1747082190,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Barnwell Industries Inc. has urged its shareholders to follow the voting recommendations made by Institutional Shareholder Services Inc.  ahead of its upcoming shareholder meeting. 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