Sherwood Group Reiterates Concerns Regarding Barnwell Board Process and Urges Constructive Resolution
Vero Beach, Florida--(Newsfile Corp. - June 20, 2025) - The Sherwood Group, a long-term shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company"), today issued the following letter to fellow shareholders.To Our Fellow Shareholders,We appreciate the continued support and engagement of shareholders during this important period for Barnwell Industries. Like many of you, we share the goal of seeing Barnwell positioned for long-term growth, responsible governance, and enhanced shareholder value.As...
2025-06-20 7:30 AM EDT
Sherwood Group Continues to Stand by The Green Card and The Will of The Shareholders
Vero Beach, Florida--(Newsfile Corp. - May 30, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company") today issued the following letter to Barnwell shareholders. To our Long-Suffering Barnwell Shareholders, Once again, Barnwell management has failed shareholders. This time by failing to secure a quorum to elect their proposed slate of directors.As we stated clearly in my letter on Friday, May 23,...
2025-05-30 12:50 PM EDT
The Sherwood Group Stands by Shareholders on the Green Card
Vero Beach, Florida--(Newsfile Corp. - May 23, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company") today issued the following letter to Barnwell shareholders. To our Long-Suffering Barnwell Shareholders, On Wednesday, Delaware Vice Chancellor Paul A. Fioravanti, Jr. entered a judgment invalidating our slate of Board candidates from being considered for election at Barnwell's upcoming annual meeting. Not once in Judge...
2025-05-23 7:25 AM EDT
Barnwell Shareholders Demand Change: Sherwood Group Nominees Lead with Overwhelming Support Ahead of Annual Meeting
Over 40% of Outstanding Shares Have Already Voted on the Green Card in Favor of Change Ahead of May 29 Annual MeetingSherwood Group Calls on Barnwell Board to Respect Shareholder Vote Vero Beach, Florida--(Newsfile Corp. - May 19, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company") today issued the following letter to Barnwell shareholders providing a voting update ahead of...
2025-05-19 4:42 PM EDT
Governance Spin Can't Hide Underperformance at Barnwell Industries, Inc.
Vero Beach, Florida--(Newsfile Corp. - May 19, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company") today issued the following letter to Barnwell shareholders. Dear Barnwell Shareholders:In response to Barnwell Industries' (NYSE American: BRN) latest attempt to deflect attention from the Company's deteriorating financial position, the Sherwood Group urges shareholders to focus on what truly matters: results. Barnwell's results are clear...
2025-05-19 8:50 AM EDT
Barnwell on Its Way to Insolvency in the Hands of Incumbent Directors
Vero Beach, Florida--(Newsfile Corp. - May 16, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") today issued the following letter to Barnwell shareholders following release of the Company's results:Dear Barnwell Shareholders:Barnwell released results for the fiscal quarter ending March 31, 2025 - and they were abysmal. Under so-called leadership of Kinzler, Grossman and Horowitz, Barnwell burned through $978,000 in legal fees in...
2025-05-16 8:31 AM EDT
Directors Kinzler, Grossman & Horowitz Undermine Consent Solicitation Process in an Attempt to Retain "Control"
Vero Beach, Florida--(Newsfile Corp. - May 15, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") today issued the following letter to Barnwell shareholders following receipt of the preliminary results disclosed in the Barnwell press release yesterday in connection with the Consent Solicitation:Dear Barnwell Shareholders:Yesterday, Barnwell issued a press release attempting to spin the outcome of the Consent Solicitation. When the Sherwood Group...
2025-05-15 12:03 PM EDT
BRN Shareholders Clearly Support Change on the Barnwell Board
Vero Beach, Florida--(Newsfile Corp. - May 14, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") today issued the following letter to Barnwell shareholders following the closing of the Consent Solicitation:Dear Barnwell Shareholders:We wanted to thank all shareholders who participated in the Consent Solicitation process and supported change by submitting the Blue Card in favor of our proposals. Based upon the Consents that...
2025-05-14 1:10 PM EDT
Barnwell Industries Claims Open to Resolution - All Talk, No Action
Vero Beach, Florida--(Newsfile Corp. - May 1, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") today issued the following letter to Barnwell shareholders: Dear Barnwell Shareholders: To set the record straight, the Sherwood Group has made repeated efforts to work constructively with this management team. Over the last four years, the Sherwood Group has entered into two separate cooperation agreements and...
2025-05-01 12:01 PM EDT
Ned L. Sherwood, MRMP-Managers LLC and Ned L. Sherwood Revocable Trust (Collectively, the "Sherwood Group") a 30% Shareholder Calls to Restore Value at Barnwell
Vero Beach, Florida--(Newsfile Corp. - April 3, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 30% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") has issued the following letter to Barnwell shareholders: On March 14, 2025, I, as the largest shareholder in BRN, commenced a consent solicitation effort to replace Barnwell's entire board with five highly qualified nominees who possess the diverse expertise necessary to reverse Barnwell's decades long decline in...
2025-04-03 8:06 AM EDT
Ned L. Sherwood, MRMP-Managers LLC and Ned L. Sherwood Revocable Trust (collectively, the "Sherwood Group") Urges All Barnwell Industries, Inc. ("Barnwell" or "BRN") Shareholders to Consent on the Blue Card as Consent Window Opens
Vero Beach, Florida--(Newsfile Corp. - March 19, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") is pleased to announce that the consent window has officially begun with the receipt of the first consent. On Friday, March 14, 2025, Mr. Alex Kinzler, Executive Chairman of the Board, Secretary, and General Counsel of Barnwell, submitted a Blue Consent Card and consented to all three...
2025-03-19 8:00 AM EDT