BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security
Holders.
| (a) |
On March 6, 2017, Barnwell Industries, Inc.
(“Barnwell”) held an annual meeting of stockholders. |
directors, an advisory (non-binding) vote on executive
compensation, an advisory (non-binding) vote on the frequency of
the advisory vote on executive compensation and the ratification
of KPMG, LLP as the independent auditors for fiscal year 2017. A
total of 7,774,838 shares of Barnwell’s common stock outstanding
and entitled to vote were present at the meeting in person or by
proxy. All nominees were elected, the vote on executive
compensation was approved and the ratification of KPMG LLP as the
independent auditors for fiscal year 2017 was approved.
Considering that highest vote total with respect to the vote on
the frequency of the advisory vote on executive compensation
reflected a preference for a vote every 3 years, Barnwell’s
Board of Directors resolved to have Barnwell conduct such
advisory vote every 3 years until the next required vote on the
frequency of the advisory vote on executive compensation.
Barnwell is required to hold votes on frequency every six years.
The results of the meeting were as follows:
|
For
|
Withheld/ Against
|
Abstain
|
Broker Non-Votes
|
||||||
|
1. Directors
|
|||||||||
|
Morton H. Kinzler
|
4,480,152
|
1,819,411
|
1,475,275
|
||||||
|
Martin Anderson
|
4,980,753
|
1,318,810
|
1,475,275
|
||||||
|
Murray C. Gardner
|
5,055,237
|
1,244,326
|
1,475,275
|
||||||
|
Alexander C. Kinzler
|
4,445,806
|
1,853,757
|
1,475,275
|
||||||
|
Russell M. Gifford
|
4,478,272
|
1,821,291
|
1,475,275
|
||||||
|
Kevin K. Takata
|
5,015,427
|
1,284,136
|
1,475,275
|
||||||
|
Robert J. Inglima, Jr.
|
5,061,587
|
1,237,976
|
1,475,275
|
||||||
|
James S. Barnwell III
|
5,052,101
|
1,247,462
|
1,475,275
|
||||||
|
2. Advisory (non-binding) vote on executive compensation
|
5,131,447
|
1,046,617
|
121,499
|
1,475,275
|
|||||
|
4. Ratification of Independent Auditors
|
7,477,775
|
286,909
|
10,154
|
||||||
|
3. Advisory (non-binding) vote to approve executive
compensation every |
1 Year
|
2 Years
|
3 Years
|
Abstain
|
Broker Non-Votes
|
||||
|
2,109,261
|
205,766
|
3,826,370
|
158,166
|
1,475,275
|
About BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN)
Barnwell Industries, Inc. is engaged in various lines of business, such as acquiring, developing, producing and selling oil and natural gas in Canada; investing in land interests in Hawaii; drilling wells, and installing and repairing water pumping systems in Hawaii, and developing homes for sale in Hawaii. The Company’s segments include Oil and Natural Gas Segment; Land Investment Segment; Contract Drilling Segment, and Residential Real Estate Segment. The Company’s investments in oil and natural gas properties are located in Canada, principally in the province of Alberta, with other non-producing holdings in the provinces of Saskatchewan and British Columbia. It holds interests in Kaupulehu Developments, a Hawaii general partnership. Its subsidiary, Water Resources International, Inc., drills water and water monitoring wells of varying depths in Hawaii, installs and repairs water-pumping systems, and is the distributor for Floway pumps and equipment in the state of Hawaii. BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN) Recent Trading Information
BARNWELL INDUSTRIES, INC. (NYSEMKT:BRN) closed its last trading session down -0.14 at 2.20 with 3,697 shares trading hands.
