Daily Journal expands board to 4, elects Rasool Rayani as independent director; raises retainer to $25k

DAILY JOURNAL CORP

Board increased from 3 to 4 directors; Rasool Rayani elected effective May 28, 2024, deemed independent under Nasdaq rules.
Rayani brings 23 years of experience; co-founded Metalogix Software (acquired by Permira/Quest); active angel/venture investor.
Non-employee director cash retainer raised from $5,000 to $25,000 annually; annual RSU grant valued at $25,000 settled in cash unless stockholder approval obtained.
Rayani appointed to Compensation and Audit Committees.

item 5.02

Executive movements

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Appointed

Rasool Rayani

Director

DJCO · DAILY JOURNAL CORP

Effective: 2024-05-28
Filed: May 24, 2024, 7:59 PM ET

elected Rasool Rayani to fill the newly created seat, effective May 28, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Rasool Rayani was elected as Director at DAILY JOURNAL CORP.

Action: elected
Role: Director

Exact text from the filing

elected Rasool Rayani to fill the newly created seat, effective May 28, 2024.

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DAILY JOURNAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-24-018359

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