Sec Form 13D Filing - KINZLER ALEXANDER C filing for BARNWELL INDUSTRIES INC (BRN) - 2022-11-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 7)

 

Alexander C. Kinzler

c/o Barnwell Industries, Inc.

1100 Alakea Street, Suite 500

Honolulu, Hawaii 96813

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

^* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

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Explanatory Note

 

This Amendment No. 7 to Statement of Beneficial Ownership on Schedule 13D (this “Amendment No. 7”) amends the Statement of Beneficial Ownership on Schedule 13D filed by Alexander C. Kinzler on December 21, 2012 (as amended by the Reporting Person, the “Schedule 13D”).  Except as amended and supplemented by this Amendment No. 7, the Schedule 13D remains unchanged.  On November 2, 2022, Alexander C. Kinzler, a stockholder and director of the Company, entered into a letter agreement with the Company, and this Amendment No. 7 is being filed in respect thereof.

 

 

Item 2(b) is hereby amended in its entirety as follows:

 

(b)  Mr. Kinzler’s business address is c/o Barnwell Industries, Inc., 1100 Alakea Street, Suite 500, Honolulu, Hawaii 96813.

 

 

There is no update or amendment to this Item 3.

 

 

Mr. Kinzler is President and CEO of the Company and has been a member of the Company’s Board of Directors (the “Board”) since 1999.  Mr. Kinzler holds 929,500 shares of Common Stock.

 

On November 2, 2022, Mr. Kinzler entered into a letter agreement with the Company regarding, among other items, the agreement of Board to nominate Mr. Kinzler for re-election to the Board and Mr. Kinzler’s agreement to vote all shares of Common Stock beneficially owned by him in favor of the slate of directors recommended by the Board and related matters.

 

The letter agreement is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Mr. Kinzler may, from time to time, acquire additional shares of Common Stock for investment purposes if market conditions are favorable.  Mr. Kinzler may also dispose of some or all of the shares of Common Stock that he beneficially owns.

 

        Except as set forth in this Item 4, Mr. Kinzler has no other plans or proposals with respect to the Company, including any of the matters referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D.

 

 

(a) Mr. Kinzler may be deemed to beneficially own 929,500 shares of Common Stock which are held directly by Mr. Kinzler.  The foregoing 929,500 shares of Common Stock represent approximately 9.33% of the Company’s outstanding Common Stock (based on 9,956,687 shares of common stock, par value $0.50 per share, of the Company, outstanding as of August 5, 2022, as represented in the Company’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 12, 2022).

 

(b) See Items 7-10 on Mr. Kinzler’s Cover Page for information on voting and dispositive power with respect to the shares of Common Stock disclosed in Item 5(a).

 

(c) Mr. Kinzler has not engaged in transactions of Common Stock during the past sixty days.

 

(d) None.

 

(e) Not applicable.

 

 

Information set forth in Item 4 is incorporated herein by reference.

 

 

Exhibit 99.1. Letter Agreement, dated November 2, 2022, by the Company and Alexander C. Kinzler.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

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