{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-027018","form_type":"8-K","ticker":"DJCO","cik":"0000783412","company_name":"DAILY JOURNAL CORP","filed_at":"2025-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.362509+00:00","generated_at":"2026-05-17T13:46:05.305461+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Daily Journal rebuts Buxton Helmsley's accounting allegations; defends expense treatment","bullets":["Company states Audit Committee, accountants, and third-party experts confirm software cost expensing is correct under ASC 985-20.","BuHeUI and CEO Alexander Parker demanded 15% of stock price appreciation, two Board seats, and CEO/CFO resignations.","Company explains SaaS firms like Tyler Technologies and Galaxy Gaming likely capitalize under ASC 350-40 (internal-use), not ASC 985-20.","Daily Journal says its software is licensed to courts/governments (external-use), so capitalization window is too short to be material.","Company calls on Parker to cease what it describes as self-serving attacks based on a mistaken accounting assumption."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-027018","json":"https://secwatch.observer/filing/0001437749-25-027018.json","markdown":"https://secwatch.observer/filing/0001437749-25-027018.md","text":"https://secwatch.observer/filing/0001437749-25-027018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/783412/000143774925027018/0001437749-25-027018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/783412/000143774925027018/djco20250814_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T13:46:05.305461+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}