Ahead of the Barnwell Industries Inc. Annual Meeting on May 29, 2025, the Sherwood Group, a significant shareholder with nearly 30% of the company's shares, has issued voting recommendations. The group urges shareholders to vote in favor of their nominees, Henry, Pierson, and Sherwood, using the GREEN proxy card. Preliminary results show about 40% support for the Sherwood Group's nominees, significantly outpacing the company's management nominees, who have garnered only 14% to 15.8% of the votes. The Sherwood Group is advocating for change, accountability, and transparency, urging Barnwell's board to respect shareholder votes and abandon efforts in Delaware Court aimed at blocking the universal proxy.
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