DAILY JOURNAL CORP (DJCO): Nasdaq/NYSE listing notice — Charlie Munger's death leaves Daily Journal audit committee short of Nasdaq minimum

DAILY JOURNAL CORP

Charles T. Munger passed away Nov 28, 2023; he was a director and audit committee member.
Audit committee now has only two members, violating Nasdaq requirement for at least three.
Company has cure period until May 26, 2024 (next annual meeting ~Feb 14, 2024) to fill vacancy.
Company plans to appoint a qualified individual to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

DAILY JOURNAL CORP received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(2)(A), 5605(c)(4)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: audit committee
Rules: 5605(c)(2)(A), 5605(c)(4)

Exact text from the filing

November 29, 2023, Daily Journal Corporation (the “Company”) notified The Nasdaq Stock Market (“Nasdaq”) of the passing of Charles T. Munger on November 28, 2023. Mr. Munger was a director of the Company and a member of its audit committee. The Company notified Nasdaq that, as a result of Mr. Munger’s passing, the Company’s audit committee currently has two members, contrary to Nasdaq Listing Rule 5605(c)(2)(A)’s requirement that the Company have an audit committee of at least three members. Accordingly, the Company notified Nasdaq that the Company has fallen out of compliance with Nasdaq List

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2 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

DAILY JOURNAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-033328

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