0000899681-16-001889.txt : 20161214 0000899681-16-001889.hdr.sgml : 20161214 20161214060854 ACCESSION NUMBER: 0000899681-16-001889 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20161214 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161214 DATE AS OF CHANGE: 20161214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARNWELL INDUSTRIES INC CENTRAL INDEX KEY: 0000010048 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 720496921 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05103 FILM NUMBER: 162050252 BUSINESS ADDRESS: STREET 1: 1100 ALAKEA ST. STREET 2: SUITE 2900 CITY: HONOLULU STATE: HI ZIP: 96813 BUSINESS PHONE: 808-531-8400 MAIL ADDRESS: STREET 1: 1100 ALAKEA ST. STREET 2: SUITE 2900 CITY: HONOLULU STATE: HI ZIP: 96813 FORMER COMPANY: FORMER CONFORMED NAME: BMA CORP/TN DATE OF NAME CHANGE: 19770324 FORMER COMPANY: FORMER CONFORMED NAME: BARNWELL OFFSHORE INC DATE OF NAME CHANGE: 19671101 8-K 1 p16-0489_8k.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 13, 2016

BARNWELL INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

1-5103
(Commission File Number)
 
72-0496921
(IRS Employer
Identification No.)

1100 Alakea Street, Suite 2900
Honolulu, Hawaii  96813
(Address of Principal Executive Offices) (Zip Code)

(808) 531-8400
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d2(b))
 
 
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e4(c))

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 13, 2016, Barnwell announced that Mr. Morton H. 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.
The Company's press release announcing these events is furnished as Exhibit 99.1 to this Current Report.
Item 9.01  Financial Statements and Exhibits.
(d)            Exhibits
Exhibit No.
Description
   
99.1
Press release dated December 13, 2016

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:  December 13, 2016

BARNWELL INDUSTRIES, INC.
By:
/s/ Alexander C. Kinzler
 
Name:
Alexander C. Kinzler
 
Title:
President and Chief Operating Officer

 
Exhibit Index

Exhibit No.
Description
99.1
Press release dated December 13, 2016

EX-99.1 CHARTER 2 p16-0489_ex991.htm PRESS RELEASE DATED DECEMBER 13, 2016
 
BARNWELL INDUSTRIES, INC.
P  R  E  S  S                            
RELEASE
1100 Alakea Street, Suite 2900
Honolulu, Hawaii 96813
Telephone (808) 531-8400
Fax (808) 531-7181
Website: www.brninc.com


CONTACT:
Alexander C. Kinzler
 
President and Chief Operating Officer
   
 
Russell M. Gifford
 
Executive Vice President and Chief Financial Officer
 
Tel:  (808) 531-8400

BARNWELL INDUSTRIES, INC. REPORTS
CHANGE IN CHIEF EXECUTIVE OFFICER



HONOLULU, HAWAII, December 13, 2016 -- Barnwell Industries, Inc. (NYSE-MKT: BRN) today announced that Morton H. Kinzler resigned as Chief Executive Officer effective December 31, 2016 and that 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.

The Board of Directors wishes to recognize and note their appreciation for Mr. Morton Kinzler's service, dedication and many contributions to the Company from its date of incorporation in 1956 to the present.

The information contained in this press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts.  These statements include various estimates, forecasts, projections of Barnwell's future performance, statements of Barnwell's plans and objectives, and other similar statements.  Forward-looking statements include phrases such as "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates," "assumes," "projects," "may," "will," "will be," "should," or similar expressions.  Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved.  Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.  The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell's expectations are set forth in the "Forward-Looking Statements," "Risk Factors" and other sections of Barnwell's annual report on Form 10-K for the last fiscal year and Barnwell's other filings with the Securities and Exchange Commission.  Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.
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