US EditionBarnwell Industries calls removal of exec chairman 'reasonable outcome' of proxy battle
- On May 12, 2025, Barnwell Industries, Inc. In Honolulu urged shareholders to vote following ISS's recommendation regarding the upcoming board election.
- ISS issued its report on May 7, 2025, recommending Heather Isidoro from the Sherwood Group slate but rejecting the group’s plan to replace the entire board for lacking credibility.
- ISS supported the removal of Alex Kinzler and election of Ms. Isidoro while opposing the removal of directors Grossman, Horowitz, and Woodrum and other dissident nominees.
- Barnwell expressed disappointment over ISS’s call to remove Kinzler but agrees that electing Isidoro is reasonable and urges shareholders to reject the Sherwood Group’s agenda by voting the WHITE consent card.
- Barnwell and proxy advisors ISS and Glass Lewis agree replacing the entire board without a credible plan would harm shareholder value and consider the Sherwood Group’s approach imprudent.
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Barnwell Industries Urges Shareholders to Vote in Accordance with ISS Recommendation and Reject Ned Sherwood's Attempt to Take Over the Company
HONOLULU, May 12, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today urged shareholders to follow the recommendation by leading proxy advisory firm Institutional Shareholder Services Inc. ("ISS") in its May 7, 2025, report in…
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