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AI brief of an SEC Form 8-K · DAILY JOURNAL CORP (DJCO)

Daily Journal discloses new CEO pay deal with $700,000 base salary and 800 RSUs

Neutral Impact 3 of 5 leadership Written later

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.

Key points

  • 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

The filing

CompanyDAILY JOURNAL CORP (DJCO)
Form8-K, current report
Filed with the SECNov 2, 2026, 4:02 PM ET
Accession number0001437749-26-034431

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.

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.