barnwell-8k_030811.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 7, 2011

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:
     
o
  
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)
     
o
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
o
  
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 7, 2011, Barnwell Industries, Inc. held an annual meeting of stockholders.
 
(b)           At the meeting, stockholders voted on the election of directors, the advisory (non-binding) approval of the compensation of the Company’s Named Executive Officers, the advisory (non-binding) approval of executive compensation every one (1) year, two (2) years or (3) years and the ratification of KPMG, LLP as the independent auditors for fiscal year 2011.  A total of 7,418,951 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 compensation of the Company’s Named Executive Officers was approved, the approval of executive compensation every one (1) year, two (2) years, or three (3) years was approved for three (3) years and the ratification of KPMG LLP as the independent auditors for fiscal year 2011 was approved.  The results of the meeting were as follows:
 
 
   
For
    
Withheld/
Against
    
Abstain
    
Broker
Non-Votes
    
1.  Directors
                          
                           
Morton H. Kinzler
     5,429,444       663,369             1,326,138    
Martin Anderson
     6,037,150       55,663             1,326,138    
Murray C. Gardner
     6,001,772       91,041             1,326,138    
Alexander C. Kinzler
     5,410,612       682,201             1,326,138    
Russell M. Gifford
     5,398,624       694,189             1,326,138    
Diane G. Kranz
     6,000,272       92,541             1,326,138    
Kevin K. Takata
     6,039,390       53,423             1,326,138    
Ahron H. Haspel
     6,037,075       55,738             1,326,138    
Robert J. Inglima, Jr.
     6,038,490       54,323             1,326,138    
                                 
2.  Advisory (non-binding)
vote on executive
compensation
     5,933,948       141,568       17,297       1,326,138    
                                   
4.  Ratification of
Independent Auditors
     7,360,451       50,693       7,807       0    
                                   
3.  Advisory (non-binding)
vote to approve executive
compensation every
  
 
1 Year
    
 
2 Years
    
 
3 Years
    
 
Abstain
  
 
Broker
Non-Votes
      976,327       152,199       4,865,377       42,024  
1,383,024
                                   
 
 
 
 
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 8, 2011
 
 
BARNWELL INDUSTRIES, INC.
   
By:
/s/ Russell M. Gifford                          
 
Name:
Russell M. Gifford
 
Title:
Executive Vice President and
Chief Financial Officer