Every material Form 8-K DAILY JOURNAL CORP has filed with the SEC since September 11, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Daily Journal signed a compensation agreement with Chairman and CEO Steven Myhill-Jones on October 30, 2026, covering a $700,000 base salary, incentive pay tied to operating income, and an 800-unit restricted stock unit (RSU) award. The company also updated CFO Erik Nakamura's pay on October 29, 2026, setting his base salary at $400,000 effective October 1, 2026. Both agreements link part of the executives' pay to operating income and stock awards, which affects shareholders through potential dilution and compensation costs.
CEO base salary of $700,000, effective October 1, 2025; target discretionary bonus of 50% of base salary
CEO incentive pay for fiscal 2026 and 2027: cash equal to 4% of operating income (capped at two times base salary) and equity equal to 1% of operating income (capped at 400 shares per year)
CEO received 800 RSUs on October 30, 2026, vesting 400 on April 1, 2027 and 400 on April 1, 2028, plus a one-time $475,000 cash award
CFO Erik Nakamura: base salary of $400,000 and target bonus of $200,000 effective October 1, 2026; long-term incentive target of $100,000
Daily Journal Corporation completed its acquisition of Revir Technologies, Inc., an Austin, Texas software company behind the Scout AI platform for managing digital evidence, on October 13, 2026, using cash on hand. The company says the deal is not material to its financial condition or results, and financial terms were not disclosed.
Acquisition closed October 13, 2026 via merger of a wholly owned subsidiary into Revir
Revir will operate independently within the new Courts, Justice, and Government Technology division alongside Journal Technologies
Funded with cash on hand; financial terms were not disclosed and the company says it is not material
At a September 10, 2026 special meeting, Daily Journal shareholders approved eliminating cumulative voting in director elections, and the amendment took effect September 11, 2026, alongside new bylaws that add proxy access and an exclusive South Carolina forum provision. The Board also authorized a share repurchase framework for up to 35,000 shares, running through September 30, 2027, with no obligation to buy and a director resignation policy that took effect September 10, 2026.
Shareholders approved the amendment with 804,436 votes for, 21,786 against and 1,672 abstentions, out of 848,577 shares represented
Amended bylaws allow passive shareholder groups owning at least 3% for three years to nominate two directors, and require nominations 60 calendar days before the prior year's annual meeting anniversary
Repurchase framework permits buying up to 35,000 shares through September 30, 2027, but the Company is not required to buy any shares
Directors must resign if they receive more "no" votes than "yes" votes in an uncontested election, subject to Board acceptance
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every DAILY JOURNAL CORP filing is on SEC EDGAR ↗. 8-K briefs of other companies →