21 Apr 2021agm notice● Neutral
At the April 20, 2021 annual meeting, Barnwell stockholders elected all seven director nominees and ratified Weaver & Tidwell, L.L.P. as independent auditor for fiscal 2021.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2021securities registration● Neutral
BARNWELL INDUSTRIES INC registered a securities offering with the SEC using its shelf eligibility.
16 Mar 2021material agreement● Neutral
Barnwell set up an at-the-market equity sales program with A.G.P./Alliance Global Partners, letting it sell shares from time to time for a 3% commission under a newly filed shelf registration.
11 Mar 2021agm notice● Neutral
Barnwell sent stockholders notice of its annual meeting on April 20, 2021 in Honolulu. Holders were to vote on electing directors and ratifying Weaver & Tidwell as auditor for fiscal 2021.
17 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC EVP, CFO, Treasurer, Secretary Russell M Gifford received a stock option grant for 60,000 shares.
17 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC director Philip James Mcpherson received a stock option grant for 50,000 shares.
17 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC director Peter J. O'malley received a stock option grant for 50,000 shares.
17 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC director Bradley M Tirpak received a stock option grant for 50,000 shares.
17 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC director Kenneth S Grossman received a stock option grant for 60,000 shares.
17 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC director Robert J. Inglima Jr. received a stock option grant for 50,000 shares.
17 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC director Douglas N Woodrum received a stock option grant for 50,000 shares.
16 Feb 2021quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $4.4 million and net income of $584 thousand for the period ended 2020-12-31.
11 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Philip James Mcpherson received a stock option grant for 50,000 shares.
11 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Kenneth S Grossman received a stock option grant for 60,000 shares.
11 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Robert J. Inglima Jr. received a stock option grant for 50,000 shares.
11 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Douglas N Woodrum received a stock option grant for 50,000 shares.
11 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Peter J. O'malley received a stock option grant for 50,000 shares.
11 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC insider Bradley M Tirpak received a stock option grant for 50,000 shares.
11 Feb 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC President and CEO Alexander C Kinzler received a stock option grant for 60,000 shares.
10 Feb 2021quarterly activities report● Neutral
BARNWELL INDUSTRIES INC reported quarterly revenue of $4.4 million and net income of $584 thousand for the period ended 2020-12-31.
2 Feb 2021substantial holder notice● Neutral
Alexander C. Kinzler, Barnwell's CEO, filed a Schedule 13D/A reporting 930,000 shares, about 11.2% of the company. He agreed in a January 27, 2021 letter agreement not to raise his holding above 20% during a standstill period without Board consent.
1 Feb 2021agm notice● Neutral
Barnwell filed an 8-K detailing its January 27, 2021 cooperation agreement with the MRMP Stockholders. The Board would nominate seven named directors, the MRMP Stockholders accepted a standstill, and Barnwell would reimburse up to $300,000 of their expenses.
1 Feb 2021material agreement● NeutralMajor
Barnwell settled a threatened proxy contest with activist investors MRMP-Managers, Ned L. Sherwood and Bradley Tirpak: the board agreed to nominate an agreed seven-person slate (including Tirpak) at the 2021 annual meeting, and the activists withdrew their own nominees and agreed to a standstill conditioned on Barnwell turning a fiscal-2021 profit.
28 Jan 2021agm notice● Neutral
Barnwell announced a cooperation and support agreement with the MRMP Stockholders to end a potential proxy contest. The company agreed to nominate its current slate of directors at the 2021 annual meeting, and the MRMP Stockholders agreed to withdraw their own slate and vote for it.
20 Jan 2021director interest notice● Neutral
BARNWELL INDUSTRIES INC 10%+ owner Ned L Sherwood bought 233,545 shares on the open market.
12 Jan 2021agm notice● Neutral
Barnwell said Ned Sherwood, Bradley Tirpak and MRMP-Managers LLC had given notice of director nominations for the 2021 annual meeting, so the board formed a special committee to consider the possible proxy contest. It also reported two Kaupulehu lot closings in December 2020, with $1,712,000 in cash distributions to Barnwell.
31 Dec 2020director interest notice● Neutral
BARNWELL INDUSTRIES INC 10%+ owner Ned L Sherwood bought 3,062 shares on the open market at $0.99.
13 Aug 2020quarterly activities report▼ Bad
BARNWELL INDUSTRIES INC reported quarterly revenue of $4.0 million and a net loss of $3.5 million for the period ended 2020-06-30.
11 Aug 2020quarterly activities report▼ Bad
BARNWELL INDUSTRIES INC reported quarterly revenue of $4.0 million and a net loss of $3.5 million for the period ended 2020-06-30.
13 July 2020auditor change● Neutral
Barnwell dismissed KPMG as its auditor after a competitive review (no disagreements or adverse opinions in the relationship) and engaged Weaver and Tidwell, L.L.P. for fiscal 2020.