---
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"
generated_at: "2026-06-01T08:57:47.490754+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-018359
- JSON: https://secwatch.observer/filing/0001437749-24-018359.json
- Plain text: https://secwatch.observer/filing/0001437749-24-018359.txt

## Key facts
- Executive change
  Rasool Rayani was elected as Director at DAILY JOURNAL CORP.
  - Action: elected
  - Role: Director
  source text: elected Rasool Rayani to fill the newly created seat, effective May 28, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/783412/000143774924018359/0001437749-24-018359-index.htm

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