Barnwell Industries, Inc. Informs Ned Sherwood of Defective and Insufficient Director Nomination Notice and Investigation of Circumstances that May Have Triggered Shareholder Rights Plan
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Barnwell Industries, Inc. has informed Ned Sherwood of a defective and insufficient director nomination notice and is investigating circumstances that may have triggered a shareholder rights plan. The company accuses Sherwood of a history of disruption and disregard for bylaws.
February 25, 2025 | 11:15 am
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Barnwell Industries is addressing a defective director nomination notice from Ned Sherwood and investigating potential triggers for a shareholder rights plan. The company accuses Sherwood of disruptive actions and bylaw breaches.
The news highlights internal governance issues and potential legal disputes involving Barnwell Industries, which could negatively impact investor sentiment and the stock price in the short term. The company's accusations against Ned Sherwood suggest ongoing conflicts that may affect stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100