BARNWELL INDUSTRIES INC 8-K

What Happened
Barnwell Industries, Inc. (BRN) filed an 8-K reporting that Russell M. Gifford, the Company’s Executive Vice President, Chief Financial Officer, Treasurer, principal financial officer and principal accounting officer, announced his retirement effective December 31, 2025. The announcement was made on December 30, 2025 and is consistent with previously disclosed senior management transition plans. Philip F. Patman, Jr., who currently serves as the Company’s Executive Vice President‑Finance, will assume the roles of Chief Financial Officer, Treasurer and principal financial officer upon Mr. Gifford’s retirement.

Key Details

• 8-K filed December 30, 2025 under Item 5.02 (departure/election of officers).
• Russell M. Gifford’s retirement effective: December 31, 2025.
• Successor: Philip F. Patman, Jr., Executive Vice President‑Finance, to become CFO, Treasurer and principal financial officer effective upon retirement.
• The change is part of previously disclosed senior management transition plans.

Why It Matters
This is a planned, internal succession of Barnwell’s top finance roles, which supports continuity in financial leadership and reporting. For investors, the filing signals an orderly transition with no interim vacancy reported and no new compensation or additional material changes disclosed in this 8-K.