Barnwell Industries Inc. Announces 2024 Annual Meeting of Stockholders

AI Summary

BARNWELL INDUSTRIES INC (BRN) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. The 2024 Annual Meeting of Stockholders for Barnwell Industries, Inc. will be held on May 20, 2024, at 9:00 a.m. Hawaii Standard Time. The meeting will take place in Suite 210, Alakea Corporate Tower, 1100 Alakea Street, Honolulu, Hawaii. Key purposes include the election of directors, ratification of Weaver and Tidwell, L.L.P. as independent auditors for fiscal year ending September 30, 2024, and other business. Stockholders of record as of April 1, 2024, are entitled to vote at the meeting. The Company's Annual Report for the fiscal year ended September 30, 2023, is enclosed or available online.

Why It Matters

For investors and stakeholders tracking BARNWELL INDUSTRIES INC, this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating the company is formally soliciting shareholder votes for upcoming corporate decisions. The meeting agenda includes director elections and auditor ratification, which are critical governance activities impacting company leadership and financial oversight.

Risk Assessment

Risk Level: low — BARNWELL INDUSTRIES INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational performance data presented.

Analyst Insight

Review the director nominees and auditor ratification to make informed voting decisions for the upcoming annual meeting.

Key Numbers

• 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
• May 20 — Meeting Date (2024 Annual Meeting of Stockholders)
• 9:00 a.m. — Meeting Time (2024 Annual Meeting of Stockholders)
• April 1, 2024 — Record Date (Stockholders of record at close of business on April 1, 2024)
• September 30, 2024 — Fiscal Year End (Fiscal year ending September 30, 2024)

Key Players & Entities

• BARNWELL INDUSTRIES INC (company) — Registrant name
• Weaver and Tidwell, L.L.P. (company) — Independent registered public accounting firm
• May 20, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders
• April 1, 2024 (date) — Record date for stockholders entitled to vote
• September 30, 2024 (date) — Fiscal year end for auditor ratification
• September 30, 2023 (date) — Fiscal year end for Annual Report

FAQ

Industry Context

Barnwell Industries operates in the Crude Petroleum & Natural Gas sector. This filing is a standard proxy statement for corporate governance.

Regulatory Implications

This filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, requiring public companies to provide shareholders with information for voting.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Evaluate the proposed independent auditor, Weaver and Tidwell, L.L.P.
3. Understand the voting procedures and deadlines for the annual meeting.

Key Dates

• 2024-05-20: 2024 Annual Meeting of Stockholders — Election of directors and ratification of auditors.
• 2024-04-01: Record Date — Determines which stockholders are entitled to vote.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 Annual Meeting, following the typical schedule for such corporate events.

Key Financial Figures

• $0.50 — ompany’s common stock, par value $0.50 per share (the “Common Stock&#x2

Filing Documents

• ny20021884x1_def14a.htm (DEF 14A) — 234KB
• ny20021884x1_pc01.jpg (GRAPHIC) — 417KB
• ny20021884x1_pc02.jpg (GRAPHIC) — 192KB
• 0001140361-24-017277.txt ( ) — 1074KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 14 DIRECTOR COMPENSATION 17 AUDIT COMMITTEE 18 REPORT OF THE AUDIT COMMITTEE 19 EXECUTIVE COMMITTEE 20 NOMINATING COMMITTEE 20 RESERVES COMMITTEE 21 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 21

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 21 PROPOSAL NO. 2 RATIFICATION OF THE APPOINTMENT OF WEAVER AND TIDWELL, L.L.P. AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024 24 SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 24 CODE OF ETHICS 25 SUBMISSION OF STOCKHOLDER PROPOSALS FOR 2025 ANNUAL MEETING 25 GENERAL 27       This page intentionally left blank         GENERAL INFORMATION   The Board of Directors (the “Board”) of Barnwell Industries, Inc. (“Barnwell” or the “Company”) is soliciting the enclosed proxy to be used at the Company’s 2024 Annual Meeting of Stockholders for the purposes set forth in the accompanying Notice of 2024 Annual Meeting of Stockholders. The proxy statement, proxy card, and the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023, as amended by Form 10-K/A Amendment No. 1 (together, the “2023 Annual Report”) are being distributed or made available to the Company’s stockholders on or about April 2, 2024.       QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE 2024 ANNUAL MEETING   Q: What is a proxy?   A: A proxy is your legal designation of another person to vote on your behalf. You are giving the individual(s) appointed by the Board as proxy the authority to vote your shares in the manner you indicate. We have designated Alexander C. Kinzler and Russell M. Gifford as the Company’s proxies for the 2024 Annual Meeting.   Q: Who can vote at the 2024 Annual Meeting?   A: Only stockholders of record of the Company’s common stock, par value $0.50 per share (the “Common Stock”) at the close of business on April 1, 2024 (the “Record Date”) will be entitled to v

View Full Filing

View this DEF 14A filing on SEC EDGAR