On December 5, 2019, MRMP-Managers LLC, NLS Advisory Group, Inc., Ned L. Sherwood, and Bradley M. Tirpak announced that they have sent a letter to shareholders of Barnwell Industries, Inc. In the letter, MRMP-Managers stated that it has recently provided notice to the Company that it intends to nominate 5 director candidates: Ned L. Sherwood, Bradley M. Tirpak, Scott D. Kepner, Douglas N. Woodrum, and Phillip (Phil) J. McPherson for election to the Company's board at the Company’s 2020 annual meeting of shareholders.