secwatch.observer — SEC 8-K summary
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Issuer:     DAILY JOURNAL CORP (DJCO)
CIK:        0000783412
Form:       8-K
Filed at:   2026-09-11T20:46:55+00:00
Accession:  0001437749-26-030183
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Daily Journal shareholders kill cumulative voting, adopt proxy access; board approves 35K share buyback
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- Shareholders approved eliminating cumulative voting for directors: 804,436 for, 21,786 against, 1,672 abstain (20,683 broker non-votes).
- Bylaws amended to add proxy access: passive holders of 3% for 3 years can nominate 2 directors or 20% of seats.
- New director resignation policy effective Sept 10, 2026: directors with more 'no' than 'yes' votes in uncontested elections must submit resignation.
- Board authorized repurchases of up to 35,000 shares of common stock, expiring Sept 30, 2027.
- Special meeting quorum 848,577 shares; also approved adjournment proposal (814,903 for, 30,816 against, 2,858 abstain).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/783412/000143774926030183/0001437749-26-030183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/783412/000143774926030183/djco20260908_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-030183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer