Barnwell announces delaware court of chancery rules in favor of barnwell and its board of directors

Court agrees board acted reasonably to reject sherwood's director nominations for failure to comply with bylaws uncontested 2025 annual meeting to be held as scheduled on may 29, 2025 alex kinzler informs board of his decision not to stand for election at the 2025 annual meeting honolulu , may 22, 2025 /prnewswire/ -- barnwell industries, inc. (nyse american: brn) ("barnwell" or the "company") today announced that the delaware court of chancery (the "court") has ruled in favor of barnwell and its board of directors in determining that the director nomination notice submitted by ned sherwood and certain of his affiliates (the "sherwood group") in connection with the company's 2025 annual meeting of stockholders was deficient and did not comply with the company's bylaws. as a result, the company will disqualify the sherwood group's nominees from standing for election at the 2025 annual meeting, which will be held as an uncontested election on its currently scheduled date of may 29, 2025.
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