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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Daily Journal Corp | NASDAQ:DJCO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
8.86 | 1.91% | 472.50 | 472.00 | 474.09 | 474.00 | 470.01 | 473.00 | 9,176 | 18:15:55 |
0-14665
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95-4133299
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(Commission File Number)
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(IRS Employer Identification No.)
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915 E. First Street
Los Angeles, CA
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90012
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(Address of Principal Executive Offices)
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(Zip Code)
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $.01 per share
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DJCO
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The NASDAQ Stock Market
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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(b)
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On December 29, 2021, Gerald L. Salzman resigned from the Board of Directors (the “Board”) of Daily Journal Corporation (the “Company”). He remains the Company’s Chief Executive Officer, President, Chief Financial Officer and Treasurer.
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Also on December 29, 2021, Peter D. Kaufman informed the Company that he will not stand for re-election at the Company’s 2022 Annual Meeting of Shareholders.
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(d)
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On December 29, 2021, Maryjoe Rodriguez was appointed to the Board to fill the vacancy created with Mr. Salzman’s resignation. Ms. Rodriguez is the Vice President and Chief Operating Officer of Journal Technologies, Inc., a subsidiary of the Company. She was paid a salary, bonus and incentive compensation amount totaling $465,000 in fiscal 2021. She also received an incentive compensation grant of units entitling her to receive .83% of the Company’s earnings for the current and the next nine years under the Management Incentive Plan in fiscal 2021, bringing her aggregate grant to 2.21% of the Company’s income before taxes and certain other items on a consolidated basis. Ms. Rodriguez will not receive any additional compensation for serving on the Board, and she is not expected to join any Board committees.
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For more information on the slate of director candidates for the 2022 Annual Meeting of Shareholders and the Company’s efforts to comply with California law regarding the demographic composition of the Board, please see the “Election of Directors” and “Corporate Governance” sections on pages 3 through 6 of the Company’ definitive proxy statement on Schedule 14A for the 2022 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on December 29, 2021.
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DAILY JOURNAL CORPORATION
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By:
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/s/ Gerald L. Salzman
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Gerald L. Salzman
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Chief Executive Officer
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President | |||
Chief Financial Officer | |||
Treasurer | |||
Dated: December 29, 2021 |
1 Year Daily Journal Chart |
1 Month Daily Journal Chart |
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