<SEC-DOCUMENT>0000899681-21-000026.txt : 20210609
<SEC-HEADER>0000899681-21-000026.hdr.sgml : 20210609
<ACCEPTANCE-DATETIME>20210609160607
ACCESSION NUMBER:		0000899681-21-000026
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210604
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20210609
DATE AS OF CHANGE:		20210609

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:		211005201

	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>p21-0043_8k.htm
<DESCRIPTION>8-K BARNWELL INDUSTRIES INC.
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, DC 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Current Report Pursuant to Section&#160;13 or 15(d)</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">Date of Report (Date of earliest event reported):<font style="font-weight: bold;"> June 4, 2021</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">BARNWELL INDUSTRIES, INC.</div>
    <div style="text-align: center; font-size: 12pt;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Delaware</div>
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          <td style="width: 29.28%; vertical-align: top; border-bottom: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">1-5103</div>
          </td>
          <td style="width: 33.06%; vertical-align: top; border-bottom: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">72-0496921</div>
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            <div style="text-align: center; font-size: 12pt;">(State or other jurisdiction of Incorporation)</div>
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          <td style="width: 29.28%; vertical-align: top; border-top: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt;">(Commission File Number)</div>
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          <td style="width: 33.06%; vertical-align: top; border-top: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt;">(IRS Employer Identification No.)</div>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">1100 Alakea Street, Suite 2900</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Honolulu, Hawaii&#160; 96813</div>
    <div style="text-align: center; font-size: 12pt;">(Address of Principal Executive Offices) (Zip Code)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">(808)&#160;531-8400</div>
    <div style="text-align: center; font-size: 12pt;">(Registrant&#8217;s Telephone Number, Including Area Code)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div style="text-align: justify;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z6644577a746d444b9781f0d8508a4374" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 31.74%; vertical-align: top; border-bottom: #000000 2px double;">
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 1.74%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 25.05%; vertical-align: top; border-bottom: #000000 2px double;">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 1.74%; vertical-align: top;">
            <div>&#160;</div>
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          <td style="width: 39.73%; vertical-align: top; border-bottom: #000000 2px double;">
            <div style="text-align: center;">Name of each exchange on which registered</div>
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          <td style="width: 31.74%; vertical-align: top;">
            <div style="text-align: center;">Common Stock, $0.50 Par Value</div>
          </td>
          <td style="width: 1.74%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 25.05%; vertical-align: top;">
            <div style="text-align: center;">BRN</div>
          </td>
          <td style="width: 1.74%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 39.73%; vertical-align: top;">
            <div style="text-align: center;">NYSE American</div>
          </td>
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    <div><br>
    </div>
    <div style="text-align: justify;">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>&#160;</div>
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            <div>[&#160;&#160;]</div>
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          <td style="width: 89.19%; vertical-align: top;">
            <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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          <td style="width: 10.81%; vertical-align: top;">
            <div>[&#160;&#160;]</div>
          </td>
          <td style="width: 89.19%; vertical-align: top;">
            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
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          <td style="width: 10.81%; vertical-align: middle;">
            <div>&#160;</div>
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          <td style="width: 89.19%; vertical-align: top;">
            <div>&#160;</div>
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          <td style="width: 10.81%; vertical-align: top;">
            <div>[&#160;&#160;]</div>
          </td>
          <td style="width: 89.19%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
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          <td style="width: 10.81%; vertical-align: middle;">
            <div>&#160;</div>
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          <td style="width: 89.19%; vertical-align: top;">
            <div>&#160;</div>
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          <td style="width: 10.81%; vertical-align: top;">
            <div>[&#160;&#160;]</div>
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          <td style="width: 89.19%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

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    <div style="text-align: justify;">&#160;</div>
    <div style="text-align: justify;">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><br>
    </div>
    <div style="text-align: justify;">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;"><br>
    </div>
    <div style="margin-bottom: 12pt; font-size: 12pt; font-weight: bold;"><u>Item 5.02</u>&#160; <u>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</u></div>
    <div style="font-size: 12pt;">As previously disclosed, the Board of Directors of Barnwell Industries, Inc. (the &#8220;Company&#8221;)&#160; determined, in light of the Company&#8217;s financial condition,&#160; to terminate the Company&#8217;s Executive Retiree Medical Plan (the
      &#8220;Plan&#8221;), which covered officers of the Company, who had attained at least&#160;20&#160;years of service of which at least&#160;10&#160;years were at the position of Vice President or higher, their spouses and qualifying dependents.&#160; Accordingly, exercising its authority
      to do so pursuant to the Plan, the Board terminated the Plan effective June 4, 2021.&#160; As of such date, all coverage and benefits provided to participants under the Plan ceased.</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">The Plan was unfunded, and Barnwell only funded benefits when payments were made. Past payments under the Plan were not material and were not expected to be material during the Company&#8217;s current fiscal year.</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">The Company&#8217;s two named executive officers, Alexander C. Kinzler, Chief Executive Officer and President, and Russell M. Gifford, Chief Financial Officer, Executive Vice President and Treasurer, would have been eligible for
      coverage under the Plan, if and when they retired.&#160; No payments were made to either Mr. Kinzler or Mr. Gifford in connection with the termination of the Plan.</div>
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    <div style="text-align: center; margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">SIGNATURE</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">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-size: 12pt;">Dated:&#160; June 9, 2021</div>
    <div style="margin-bottom: 12pt;"><br>
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          <td style="width: 28.3%; vertical-align: top;">&#160;</td>
          <td style="width: 71.7%; vertical-align: top;" colspan="3">
            <div style="font-size: 12pt;">BARNWELL INDUSTRIES, INC.</div>
          </td>
        </tr>
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          <td style="width: 28.3%; vertical-align: top; padding-bottom: 1px;">&#160;</td>
          <td style="width: 6.6%; vertical-align: top; padding-bottom: 1px;">
            <div style="font-size: 12pt;">By:</div>
          </td>
          <td style="width: 65.09%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="2">
            <div>
              <div style="font-size: 12pt;">&#160;/s/ Russell M. Gifford</div>
            </div>
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          <td style="width: 28.3%; vertical-align: top;">&#160;</td>
          <td style="width: 6.6%; vertical-align: top;">&#160;</td>
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            <div style="text-indent: -18pt; margin-left: 18pt; font-size: 12pt;">Name:</div>
          </td>
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            <div style="text-indent: -18pt; margin-left: 18pt; font-size: 12pt;">Russell M. Gifford</div>
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          <td style="width: 28.3%; vertical-align: top;">&#160;</td>
          <td style="width: 6.6%; vertical-align: top;">&#160;</td>
          <td style="width: 9.43%; vertical-align: top;">
            <div style="text-indent: -18pt; margin-left: 18pt; font-size: 12pt;">Title:</div>
          </td>
          <td style="width: 55.66%; vertical-align: top;">
            <div style="text-indent: 0.2pt; font-size: 12pt;">Executive Vice President and Chief Financial Officer</div>
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