<SEC-DOCUMENT>0001140361-20-015843.txt : 20200713
<SEC-HEADER>0001140361-20-015843.hdr.sgml : 20200713
<ACCEPTANCE-DATETIME>20200710212516
ACCESSION NUMBER:		0001140361-20-015843
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200708
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200713
DATE AS OF CHANGE:		20200710

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:		201024178

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>p20-0041_8k.htm
<DESCRIPTION>FORM 8K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Washington, DC 20549</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">FORM 8-K</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Current Report Pursuant to Section&#160;13 or 15(d)</div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">of the Securities Exchange Act of 1934</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman';">Date of Report (Date of earliest event reported):<font style="font-weight: bold;"> July 8, 2020</font></div>
    <div style="font-family: 'Times New Roman';"><br>
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    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">BARNWELL INDUSTRIES, INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman';">(Exact Name of Registrant as Specified in its Charter)</div>
    <div style="font-family: 'Times New Roman';"><br>
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            <div style="text-align: center; font-weight: bold;">Delaware</div>
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            <div style="text-align: center; font-weight: bold;">1-5103</div>
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          <td style="width: 33.32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
            <div style="text-align: center; font-weight: bold;">72-0496921</div>
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            <div style="text-align: center;">(State or other jurisdiction of Incorporation)</div>
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            <div style="text-align: center;">(Commission File Number)</div>
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            <div style="text-align: center;">(IRS Employer Identification No.)</div>
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    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">1100 Alakea Street, Suite 2900</div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Honolulu, Hawaii&#160; 96813</div>
    <div style="text-align: center; font-family: 'Times New Roman';">(Address of Principal Executive Offices) (Zip Code)</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(808)&#160;531-8400</div>
    <div style="text-align: center; font-family: 'Times New Roman';">(Registrant&#8217;s Telephone Number, Including Area Code)</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman';">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div style="text-align: justify; font-family: 'Times New Roman';">&#160;</div>
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            <div style="text-align: center;">Title of each class</div>
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            <div>&#160;</div>
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            <div style="text-align: center;">Trading Symbol(s)</div>
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            <div>&#160;</div>
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          <td style="width: 40%; vertical-align: top; border-bottom: 2px double rgb(0, 0, 0); font-family: 'Times New Roman';">
            <div style="text-align: center;">Name of each exchange on which registered</div>
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            <div style="text-align: center;">Common Stock, $0.50 Par Value</div>
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            <div>&#160;</div>
          </td>
          <td style="width: 24%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="text-align: center;">BRN</div>
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            <div>&#160;</div>
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            <div style="text-align: center;">NYSE American</div>
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    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman';">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:</div>
    <div style="font-family: 'Times New Roman';">&#160;</div>
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            <div>[&#160;&#160;]</div>
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            <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
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            <div>[&#160;&#160;]</div>
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            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
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            <div>[&#160;&#160;]</div>
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            <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
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            <div>&#160;</div>
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            <div>[&#160;&#160;]</div>
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            <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
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    <div style="text-align: justify; font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman';">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the
      Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).&#160; Emerging growth company [&#160;&#160;]</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
      standards provided pursuant to Section 13(a) of the Exchange Act. [&#160;&#160;]</div>
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    <div style="margin-bottom: 12pt; font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Item 4.01</u></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160; <u>Change in Registrant&#8217;s
          Certifying Accountant</u>.</font></div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">(a)</td>
          <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
            <div>Dismissal of KPMG LLP as Principal Accountant</div>
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    <div style="font-family: 'Times New Roman';">The Audit Committee of the Board of Directors (the &#8220;Audit Committee&#8221;) of Barnwell Industries, Inc. (the &#8220;Company&#8221;) conducted an evaluation to determine the Company&#8217;s independent registered public accounting
      firm for the fiscal year ending September 30, 2020. Several firms were invited to participate in this process.</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
    <div style="font-family: 'Times New Roman';">As a result of this process, following the review and evaluation of the proposals from the participating firms, on July 8, 2020, the Audit Committee dismissed KPMG LLP (&#8220;KPMG&#8221;) as the Company&#8217;s independent
      registered public accounting firm, effective as of such date.</div>
    <div style="margin-bottom: 12pt; font-family: 'Times New Roman';"><br>
      The reports of KPMG on the Company&#8217;s consolidated financial statements as of September 30, 2019 and 2018 and for the fiscal years ended September 30, 2019 and 2018 did not contain any adverse opinions or disclaimers of opinion, and were not qualified
      or modified as to uncertainty, audit scope or accounting principles.</div>
    <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">During the fiscal years ended September 30, 2019 and 2018 and the subsequent interim period through July 8, 2020, there were no (i) disagreements (as defined in Item 304(a)(1)(iv) of
      Regulation S-K and the related instructions to Item 304 of Regulation S-K) with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if not resolved to KPMG&#8217;s satisfaction,
      would have caused KPMG to make reference thereto in its reports for such years and interim period or (ii) &#8220;reportable events&#8221; within the meaning of Item 304 (a)(1)(v) of Regulation S-K.</div>
    <div style="font-family: 'Times New Roman';">The Company has provided KPMG with a copy of the foregoing disclosures and requested that it furnish a letter to the Securities and Exchange Commission stating whether or not it agrees with the above
      statements and, if not, stating the respects in which it does not agree. A copy of such letter is filed as Exhibit 16.1 to this Form 8-K.</div>
    <div style="margin-bottom: 12pt; font-family: 'Times New Roman';"><br>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">(b)</td>
          <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
            <div>Appointment of Weaver and Tidwell, L.L.P. as Principal Accountant</div>
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    <div style="font-family: 'Times New Roman';"><br>
      On July 8, 2020, the Audit Committee authorized the engagement of Weaver and Tidwell, L.L.P. (&#8220;Weaver&#8221;) as the Company&#8217;s independent registered public accounting firm for the fiscal year ending September 30, 2020.</div>
    <div style="margin-bottom: 12pt; font-family: 'Times New Roman';"><br>
      During the fiscal years ended September 30, 2019 and 2018 and the subsequent interim period through July 8, 2020, neither the Company nor anyone on its behalf consulted with Weaver regarding either (i) the application of accounting principles to a
      specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company&#8217;s consolidated financial statements, and neither written nor oral advice was provided to the Company that Weaver concluded was an
      important factor considered by the Company reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in paragraph 304(a)(1)(iv) of Regulation S-K and
      the related instructions thereto) or a reportable event (as described in paragraph 304(a)(1)(v)) of Regulation S-K).</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>Item 9.01</u></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160; <font style="font-weight: bold;"><u>Financial Statements and Exhibits</u></font><font style="font-weight: bold;">.</font></font></div>
    <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">(d)</font><font style="display: inline-block; text-indent: 0px; width: 36pt; font-family: 'Times New Roman';" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman';">Exhibits</font></div>
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            <div><u>Exhibit No.</u></div>
          </td>
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            <div><u>Description</u></div>
          </td>
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          <td rowspan="1" style="width: 24.96%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
          <td rowspan="1" style="width: 75.04%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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          <td style="width: 24.96%; vertical-align: top; font-family: 'Times New Roman';">
            <div><a href="p20-0041_ex161.htm">16.1</a></div>
          </td>
          <td style="width: 75.04%; vertical-align: top; font-family: 'Times New Roman';">
            <div>Letter from KPMG LLP as required by Item 304(a) of Regulation S-K, filed herewith.</div>
          </td>
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    <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
    </div>
    <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
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    <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURE</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman';">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.</div>
    <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Dated:&#160; July 10, 2020</div>
    <div style="font-family: 'Times New Roman';"><br>
    </div>
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          <td colspan="3" style="width: 100%; vertical-align: top; font-family: 'Times New Roman';">
            <div>BARNWELL INDUSTRIES, INC.</div>
          </td>
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        <tr>
          <td rowspan="1" colspan="3" style="width: 100%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        </tr>
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          <td style="width: 11.19%; vertical-align: top; font-family: 'Times New Roman'; padding-bottom: 1px;">
            <div>By:</div>
          </td>
          <td colspan="2" style="width: 88.81%; vertical-align: top; font-family: 'Times New Roman'; border-bottom: 1px solid rgb(0, 0, 0);">
            <div>
              <div>/s/ Russell M. Gifford</div>
            </div>
          </td>
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          <td style="width: 11.19%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
          <td style="width: 16.29%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="text-indent: -18pt; margin-left: 18pt;">Name:</div>
          </td>
          <td style="width: 72.53%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="text-indent: -18pt; margin-left: 18pt;">Russell M. Gifford</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.19%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
          <td style="width: 16.29%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="text-indent: -18pt; margin-left: 18pt;">Title:</div>
          </td>
          <td style="width: 72.53%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="text-indent: 0.2pt;">Executive Vice President and Chief Financial Officer</div>
          </td>
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    <div style="font-family: 'Times New Roman'; clear: both;"><br>
    </div>
    <div style="font-family: 'Times New Roman'; clear: both;"><br>
      <br>
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    <div style="text-align: center; margin-bottom: 24pt; font-family: 'Times New Roman';"><u>Exhibit Index</u></div>
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            <div><u>Exhibit No.</u></div>
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            <div><u>Description</u></div>
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            <div><a href="p20-0041_ex161.htm">16.1</a></div>
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            <div>Letter from KPMG LLP as required by Item 304(a) of Regulation S-K, filed herewith.</div>
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<TYPE>EX-16.1
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<FILENAME>p20-0041_ex161.htm
<DESCRIPTION>EXHIBIT 16.1
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    <div style="text-align: right; margin-bottom: 6pt; font-family: 'Times New Roman',Times,serif;"> Exhibit 16.1<br>
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    <div style="margin-bottom: 6pt;">July 10, 2020</div>
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    <div style="margin-bottom: 6pt;">Securities and Exchange Commission<br>
      Washington, D.C. 20549</div>
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    <div style="margin-bottom: 6pt;">Ladies and Gentlemen:</div>
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    <div>We were previously principal accountants for Barnwell Industries, Inc. and, under the date of December 20, 2019, we reported on the consolidated financial statements of Barnwell Industries, Inc. as of and for the years ended September 30, 2019 and
      2018. On July 8, 2020, we were dismissed. We have read Barnwell Industries, Inc.'s statements included under Item 4.01 of its Form 8-K dated July 8, 2020, and we agree with such statements, except that we are not in a position to agree or disagree
      with any of Barnwell Industries, Inc.'s statements in Item 4.01(b), <font style="font-style: italic;">Appointment of Weaver and Tidwell, L.L.P. as Principal Accountant.</font></div>
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    <div>Very truly yours,<br>
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      /s/ KPMG LLP<font style="font-style: italic;"><br>
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