15 May 2023quarterly activities report▼ Bad
Barnwell filed an 8-K saying it had issued a press release announcing its financial results for the fiscal quarter ended March 31, 2023. The press release itself was furnished as an exhibit.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 May 2023director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Douglas N Woodrum received 11,363 shares as part of the equity award.
26 Apr 2023director interest notice● Neutral
BARNWELL INDUSTRIES INC director Joshua Horowitz bought 20,244 shares on the open market.
20 Apr 2023director interest notice● Neutral
BARNWELL INDUSTRIES INC 10%+ owner Ned L Sherwood bought 79,119 shares on the open market.
18 Apr 2023agm notice● Neutral
BARNWELL INDUSTRIES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
7 Apr 2023director interest notice● Neutral
BARNWELL INDUSTRIES INC 10%+ owner Ned L Sherwood bought 201,505 shares on the open market at $2.73.
23 Mar 2023director interest notice● Neutral
BARNWELL INDUSTRIES INC President and CEO Alexander C Kinzler bought 10,000 shares on the open market at $2.14.
6 Mar 2023agm notice● Neutral
Barnwell filed additional definitive proxy materials (DEFA14A) relating to its upcoming annual meeting of stockholders. The filing text contained only the cover page and gave no agenda details.
13 Feb 2023substantial holder notice● Neutral
Renaissance Technologies LLC, RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION reported a BARNWELL INDUSTRIES INC shareholding of 389,722 shares (3.91% of votes) in a periodic institutional filing.
13 Feb 2023quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $7.5 million and net income of $1.1 million for the period ended 2022-12-31.
10 Feb 2023quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $7.5 million and net income of $1.1 million for the period ended 2022-12-31.
10 Feb 2023director interest notice● Neutral
Joshua Horowitz became a BARNWELL INDUSTRIES INC company insider (initial ownership filing).
10 Feb 2023director interest notice● Neutral
Laurance Elliot Narbut became a BARNWELL INDUSTRIES INC company insider (initial ownership filing).
26 Jan 2023security holder rights change● Neutral
As part of the renewed activist settlement, Barnwell terminated its October 2022 Tax Benefits Preservation Plan early, accelerating its expiration to January 25, 2023.
26 Jan 2023agm notice● Neutral
Barnwell disclosed its January 21, 2023 cooperation agreement with Kinzler and the MRMP Stockholders. It covered new directors, a standstill through 2025, ownership caps of 28% then 30%, ending the tax rights plan, and naming Kenneth Grossman chairman.
26 Jan 2023material agreement● NeutralMajor
Barnwell reached a second, broader settlement with the same MRMP activist group: two new independent directors (Horowitz and Narbut) joined the board and the standstill was extended through the 2025 annual meeting cycle; Alexander Kinzler, originally an activist board nominee, is now the company's CEO and President.
25 Jan 2023substantial holder notice● Neutral
Alexander Kinzler filed Amendment No. 8 to his Schedule 13D after signing the January 21, 2023 cooperation agreement. It reported he held 929,500 shares directly, about 9.33% of Barnwell's common stock.
24 Jan 2023agm notice● Neutral
Barnwell announced a cooperation and support agreement with its two largest stockholders, Alexander Kinzler and the MRMP Stockholders. It added Joshua Horowitz and Laurance Narbut to the board, extended the standstill two years and ended the threat of a 2023 proxy contest.
21 Dec 2022dividend declaration▲ Good
Barnwell's board declared a cash dividend of $0.015 per share on December 13, 2022, announced December 20. It was payable January 11, 2023 to holders of record on December 27, 2022.
19 Dec 2022material agreement● NeutralMajor
A new Barnwell Texas subsidiary bought a 22.3% non-operated working interest in Permian Basin, Texas leasehold acreage (plus a 15.4% interest in two planned wells) from Alchemist Energy LeaseCo for $805,651, prepaying about $4.29 million toward drilling costs -- a new US onshore growth push after years focused on Canada and Hawaii.
4 Nov 2022substantial holder notice● Neutral
Cynthia M. White reported a BARNWELL INDUSTRIES INC shareholding of 475,941 shares (4.78% of votes) in a periodic institutional filing.
4 Nov 2022substantial holder notice● Neutral
Alexander C. Kinzler reported a BARNWELL INDUSTRIES INC shareholding of 929,500 shares (9.33% of votes) in a periodic institutional filing.
17 Oct 2022security holder rights change● Neutral
Barnwell adopted a shareholder rights plan ("poison pill") triggered at 4.95% ownership to protect its net operating loss carryforwards from a Section 382 ownership change that would limit their future tax value; the plan was set to expire in October 2025 unless redeemed or renewed sooner.
13 Sept 2022director interest notice● Neutral
BARNWELL INDUSTRIES INC 10%+ owner Ned L Sherwood bought 134,590 shares on the open market.
12 Aug 2022quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $8.0 million and net income of $2.5 million for the period ended 2022-06-30.
12 Aug 2022quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $8.0 million and net income of $2.5 million for the period ended 2022-06-30.
16 June 2022director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Douglas N Woodrum bought 100,000 shares on the open market at $2.66.
13 May 2022quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $6.7 million and net income of $2.1 million for the period ended 2022-03-31.
13 May 2022quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $6.7 million and net income of $2.1 million for the period ended 2022-03-31.
24 Mar 2022agm notice● Neutral
Barnwell sent stockholders notice of its May 6, 2022 annual meeting. Stockholders were asked to elect directors, expand the 2018 equity plan from 800,000 to 1,600,000 shares, double authorized common stock to 40,000,000, authorize blank-check preferred stock, and ratify the auditors.