Daily Journal Corp Files 2025 Proxy Statement

TL;DR

DJCO proxy statement filed. Get ready for shareholder votes.

AI Summary

Daily Journal Corporation filed its definitive proxy statement (DEF 14A) on January 8, 2025, for its fiscal year ending September 30, 2025. The filing concerns the solicitation of proxies for its annual meeting. The company, headquartered in Los Angeles, CA, operates in the newspapers and publishing industry.

Why It Matters

This filing provides shareholders with crucial information regarding the company's governance, executive compensation, and proposals to be voted on at the upcoming annual meeting, impacting their investment decisions.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that provides information to shareholders and does not inherently indicate new risks.

Key Numbers

• 0930 — Fiscal Year End (The company's fiscal year concludes on this date.)
• 20250108 — Filing Date (The date the definitive proxy statement was filed with the SEC.)

Key Players & Entities

• DAILY JOURNAL CORP (company) — Registrant
• 915 EAST FIRST STREET (location) — Business Address
• LOS ANGELES (location) — City
• CA (location) — State
• 90012 (location) — ZIP Code

FAQ

Key Financial Figures

• $412,000 — them received aggregate compensation of $412,000, compared to $406,000 in fiscal 2023. I
• $406,000 — e compensation of $412,000, compared to $406,000 in fiscal 2023. In 2025, their aggregat
• $500,000 — -Jones Chief Executive Officer 2024 $500,000 $400,000 $370,912 --- $1,270,912 2
• $400,000 — hief Executive Officer 2024 $500,000 $400,000 $370,912 --- $1,270,912 2023 $490,
• $370,912 — tive Officer 2024 $500,000 $400,000 $370,912 --- $1,270,912 2023 $490,000 $560,
• $1,270,912 — 024 $500,000 $400,000 $370,912 --- $1,270,912 2023 $490,000 $560,000 --- --- $1
• $490,000 — 0,000 $370,912 --- $1,270,912 2023 $490,000 $560,000 --- --- $1,050,000 Tu To
• $560,000 — 0,912 --- $1,270,912 2023 $490,000 $560,000 --- --- $1,050,000 Tu To Chief Fi
• $1,050,000 — 12 2023 $490,000 $560,000 --- --- $1,050,000 Tu To Chief Financial Officer 2024
• $215,000 — Tu To Chief Financial Officer 2024 $215,000 $40,000 --- $166,290 $421,290 2023
• $40,000 — hief Financial Officer 2024 $215,000 $40,000 --- $166,290 $421,290 2023 $210,00
• $166,290 — Officer 2024 $215,000 $40,000 --- $166,290 $421,290 2023 $210,000 $40,000 ---
• $421,290 — 2024 $215,000 $40,000 --- $166,290 $421,290 2023 $210,000 $40,000 --- $193,060
• $210,000 — $40,000 --- $166,290 $421,290 2023 $210,000 $40,000 --- $193,060 $443,060 ____
• $193,060 — $421,290 2023 $210,000 $40,000 --- $193,060 $443,060 ____________________________

Filing Documents

• djco20250108_def14a.htm (DEF 14A) — 161KB
• dailyj.jpg (GRAPHIC) — 6KB
• dailyjournal.jpg (GRAPHIC) — 4KB
• proxycard_2025meetingpage1.jpg (GRAPHIC) — 92KB
• proxycard_2025meetingpage2.jpg (GRAPHIC) — 77KB
• 0001437749-25-000726.txt ( ) — 408KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION Summary Compensation Table The following table sets forth compensation paid by the Company during the last two fiscal years to its executive officers. Summary Compensation Table Annual Executive Compensation in Fiscal 2023 – 2024 Fiscal Year Salary Bonus Stock Awards * Non-Equity Incentive Plan Compensation Total Steven Myhill-Jones Chief Executive Officer 2024 $500,000 $400,000 $370,912 --- $1,270,912 2023 $490,000 $560,000 --- --- $1,050,000 Tu To Chief Financial Officer 2024 $215,000 $40,000 --- $166,290 $421,290 2023 $210,000 $40,000 --- $193,060 $443,060 ______________________________ *On July 25, 2024, the Compensation Committee of the Board approved a grant of 400 fully vested shares of Common Stock and 400 Restricted Stock Units to Mr. Myhill-Jones. The 400 fully vested shares were not actually issued to Mr. Myhill-Jones until December 2024 (i.e., during fiscal 2025), so they are included in the number of outstanding shares as of the December 16, 2024 record date, but not in the number of outstanding shares as of the end of fiscal 2024.

Executive Compensation Program

Executive Compensation Program As in the past, the Company's executive compensation program for fiscal 2024 consisted of three elements: base salary, year-end bonus and participation in the Management Incentive Plan. In addition, following approval by the shareholders of the Company's Equity Incentive Plan at the 2024 Annual Meeting, the program now includes the possibility of stock and stock-based awards. Salary and bonus payments are primarily designed to reward current and past performance, while awards granted pursuant to the Management Incentive Plan and the Equity Incentive Plan are aimed at providing incentives to enhance the long-term future performance of the Company. Mr. Myhill-Jones' compensation included only a salary and bonus in fiscal 2023, and the Compensation Committee added a stock award component under the Equity Incentive Plan in fiscal 2024. Other executives and employees of the Company may participate in the Equity Incentive Plan, but no other awards have yet been granted. 7 During fiscal 2024, Mr. Myhill-Jones received a base salary of $500,000 and an annual bonus of $400,000. In fiscal 2023, his base salary was $490,000 and his annual bonus was $560,000, but he received no equity grants that year. In fiscal 2024, the Compensation Committee approved a grant of 400 shares of fully vested stock and 400 restricted stock units ("RSUs") to Mr. Myhill-Jones. One-half of the RSUs vest on the first anniversary of the date of grant (i.e., July 25, 2025), and the remaining RSUs vest on the second anniversary of the date of grant, subject to Mr. Myhill-Jones' continuous service with the Company through the applicable vesting date. If he is terminated without "Cause" (as defined in the Equity Incentive Plan) or there is a change in control of the Company, the vesting of the RSUs will accelerate. The RSUs are to be settled in shares of the Company's Common Stock. Ms. To received a salary of $215,000 and a bonus of $40,000 in 2024. She received a base

View Full Filing

View this DEF 14A filing on SEC EDGAR