{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-018359","form_type":"8-K","ticker":"DJCO","cik":"0000783412","company_name":"DAILY JOURNAL CORP","filed_at":"2024-05-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.965380+00:00","generated_at":"2026-06-01T08:57:47.490754+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Daily Journal expands board to 4, elects Rasool Rayani as independent director; raises retainer to $25k","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-018359","json":"https://secwatch.observer/filing/0001437749-24-018359.json","markdown":"https://secwatch.observer/filing/0001437749-24-018359.md","text":"https://secwatch.observer/filing/0001437749-24-018359.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/783412/000143774924018359/0001437749-24-018359-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/783412/000143774924018359/djco20240524_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T08:57:47.490754+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"37a4e96caf","claim":"Rasool Rayani was elected as Director at DAILY JOURNAL CORP.","evidence_excerpt":"elected Rasool Rayani to fill the newly created seat, effective May 28, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/783412/000143774924018359/0001437749-24-018359-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}