Barnwell Industries, Inc. Disqualifies Ned Sherwood's Board Nominees Included in Defective and Insufficient Nomination Notice for 2025 Annual Meeting
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Barnwell Industries, Inc. has disqualified Ned Sherwood's board nominees due to a defective and insufficient nomination notice for the 2025 Annual Meeting. The company has set March 14, 2025, as the record date for shareholders to act by written consent regarding Sherwood's campaign to take control of Barnwell.
March 05, 2025 | 11:30 am
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Barnwell Industries disqualified Ned Sherwood's board nominees due to a defective nomination notice. The company set March 14, 2025, as the record date for shareholder action in response to Sherwood's campaign to take control.
The disqualification of board nominees and setting a record date for shareholder action are significant corporate governance events. However, the immediate impact on stock price is uncertain as it depends on shareholder reactions and future developments in Sherwood's campaign.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100