0000899681-17-000110.txt : 20170306 0000899681-17-000110.hdr.sgml : 20170306 20170306172728 ACCESSION NUMBER: 0000899681-17-000110 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170306 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20170306 DATE AS OF CHANGE: 20170306 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: 17668915 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 p17-0084_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): March 6, 2017
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 240.14d‑2(b))
   
 ☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e‑4(c))
 


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.
(b)            At the meeting, stockholders voted on the election of 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
  
0
    
                   
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

 
 
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:  March 6, 2017
 
BARNWELL INDUSTRIES, INC.
 
 
By:
/s/ Russell M. Gifford
   
Name:
Russell M. Gifford
   
Title:
Executive Vice President and
 Chief Financial Officer