Barnwell Industries Encourages Investor Participation and Support
Barnwell Industries Appeals to Shareholders
Barnwell Industries, Inc. (NYSE American: BRN) urges its shareholders to align their votes with the recommendations provided by Institutional Shareholder Services Inc. (ISS). The recent ISS report emphasizes the importance of supporting nominee Heather Isidoro from the opposing candidate slate led by Ned Sherwood and his group.
Importance of Voting Correctly
According to the ISS report, shareholders should reconsider voting on the dissident card put forth by the Sherwood Group. Such a move would include the removal of Alex Kinzler and would ultimately jeopardize the presence of other valuable board members like Kenneth Grossman, Joshua Horowitz, and Douglas Woodrum.
The Company’s Position
Barnwell’s response to ISS's recommendations reflects its disappointment over the suggestion to remove Mr. Kinzler. However, the company stands by the rationale for electing Ms. Isidoro, as this is seen as a logical approach to securing the future of Barnwell Industries. It is vital to maintain a balance on the board to protect the company's overall value.
Strategic Decisions for Future Growth
The company is committed to resisting the Sherwood Group's attempt to overhaul the board without a solid plan. ISS's assessment shows that the Sherwood Group does not possess a credible strategy for Barnwell's direction, further reinforcing the imperative for shareholders to vote for stability rather than change for change's sake.
Voting Against the Agenda
Barnwell firmly advocates for shareholders to protect their investments by voting against the Sherwood Group's agenda. The company strongly believes that by voting the designated WHITE consent revocation card, investors will maintain the integrity and future potential of their holdings.
Engagement for Clarifications
For any inquiries or details on revoking any previously submitted consent, Barnwell encourages shareholders to contact Okapi Partners directly. They are available to provide guidance on the voting process and support shareholders seeking more information.
The Role of Proxy Advisors
Barnwell acknowledges the critical role of proxy advisory firms like ISS in shaping shareholder decisions. These firms provide insightful recommendations that can greatly influence voting outcomes, and their endorsement for Barnwell’s direction signifies a call to action for shareholders.
Community and Investor Relations
Barnwell holds its shareholders in high regard and emphasizes the importance of community involvement in the company's operational decisions. This collaborative approach aims to foster transparency and engage investors thoroughly in the company's journey.
Value-focused Strategy
Maintaining a value-driven strategy is at the forefront of Barnwell's objectives. The focus is always on strengthening the core business while navigating through the complexities of shareholder expectations and market demands.
Frequently Asked Questions
What is the main message from Barnwell Industries to its shareholders?
Barnwell Industries urges its shareholders to vote in accordance with ISS recommendations to reject the attempts by Sherwood Group for control of the company.
Who is the recommended nominee according to ISS?
ISS has recommended Heather Isidoro from the dissident candidate slate.
Why does Barnwell oppose the Sherwood Group’s proposals?
Barnwell believes that the Sherwood Group lacks a credible plan for the company’s future, and their proposals are not in the best interest of shareholders.
How can shareholders express their support for Barnwell Industries?
Shareholders can express their support by voting the WHITE consent revocation card to protect their investment.
Who should shareholders contact for questions regarding their votes?
Shareholders are encouraged to contact Okapi Partners for any questions or to revoke previously submitted consents.
About The Author
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