Business Context and Reporting Period
This Form 8-K filing by Barnwell Industries, Inc. reports on the company's annual meeting of stockholders held on March 5, 2012. The filing details the submission of matters to a vote of security holders, specifically the election of directors and the ratification of independent auditors.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. There is no information provided regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing reports the successful completion of the annual stockholder meeting. All director nominees were elected, and the ratification of KPMG, LLP as the independent auditors for fiscal year 2012 was approved. No material changes to financial operations or corporate structure are disclosed in this specific report.
Guidance, Outlook, and Risks
The document contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is strictly a record of voting results.
Important Facts for Investors
- Meeting Date: March 5, 2012.
- Voting Participation: 7,193,164 shares of common stock were present in person or by proxy.
- Director Election Results: All nine nominees (Morton H. Kinzler, Martin Anderson, Murray C. Gardner, Alexander C. Kinzler, Russell M. Gifford, Diane G. Kranz, Kevin K. Takata, Ahron H. Haspel, and Robert J. Inglima, Jr.) were elected.
- Auditor Ratification: KPMG, LLP was ratified as the independent auditor for fiscal year 2012 with 7,095,000 votes in favor.
- Broker Non-Votes: 1,403,830 broker non-votes were recorded for the director elections.