BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Kinzler has resigned as Chief Executive Officer effective
December 31, 2016 and that Mr. Alexander C. Kinzler will be
promoted to Chief Executive Officer on that same date. Mr. Morton
H. Kinzler will continue as Chairman of the Board of Directors.
Mr. Alexander C. Kinzler will retain his titles of President and
Chief Operating Officer of Barnwell. Mr. Alexander C. Kinzler
will not receive any additional compensation for his service as
Chief Executive Officer.
as Exhibit 99.1 to this Current Report.
Press release dated December 13, 2016
About BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN)
Barnwell Industries, Inc. is engaged in the acquisition and development of oil and natural gas properties. The Company’s four principal segments are Oil and Natural Gas Segment, Land Investment Segment, Contract Drilling Segment and Residential Real Estate Segment. The Company’s Oil and Natural segment is engaged in oil and natural gas development, acquisitions and sales in Canada. The Company’s Land Investment Segment invests in land interests in Hawaii. The Company’s Contract Drilling Segment provides well drilling services and water pumping system installation and repairs in Hawaii. The Company’s Residential Real Estate segment develops homes for sale in Hawaii. As of September 30, 2015, the Company had interests in approximately 200 gross (32.4 net) productive wells. The Company’s subsidiaries include Barnwell of Canada, Limited, Water Resources International, Inc., Barnwell Hawaiian Properties, Inc. and Gypsy Petroleum Ltd. BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN) Recent Trading Information
BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN) closed its last trading session 00.00 at 1.71 with 5,936 shares trading hands.