---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-033328"
form_type: "8-K"
ticker: "DJCO"
cik: "0000783412"
company_name: "DAILY JOURNAL CORP"
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:41:38.231575+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Charlie Munger's death leaves Daily Journal audit committee short of Nasdaq minimum

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-033328
- form_type: 8-K
- ticker: DJCO
- cik: 0000783412
- company_name: DAILY JOURNAL CORP
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/783412/000143774923033328/0001437749-23-033328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/783412/000143774923033328/djco20231130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-033328
- JSON: https://secwatch.observer/filing/0001437749-23-033328.json
- Plain text: https://secwatch.observer/filing/0001437749-23-033328.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/783412/000143774923033328/0001437749-23-033328-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.