Rasool Rayani
elected Rasool Rayani to fill the newly created seat, effective May 28, 2024.
Highest-materiality recent filing
Daily Journal reports Q2 net loss of $34.6M on unrealized investment losses; revenue up 25%
Total revenue $22.7M (+25% YoY); JTI segment revenue $18.2M (+32% YoY).
Daily Journal Q1 revenue up 10% to $19.5M; net loss of $8.0M on unrealized investment losses
Net loss $8.0M ($5.79/sh) vs prior-year net income $10.9M ($7.91/sh).
Total revenue $87.7M, up 25% from $69.9M; operating income $9.5M (10.9% of revenue) vs $4.1M (5.8%) in FY2024.
Daily Journal Corp. exposes Buxton Helmsley's threats, refers CEO to authorities
Buxton Helmsley USA, Inc. and CEO Alexander Parker sent 13 letters/emails since Dec. 13, threatening proxy contest unless Company enters cooperation agreement.
Alexander Parker (Buxton Helmsley) demanded $24M equity compensation and two Board seats to push capitalizing software costs.
Charlie Munger's death leaves Daily Journal audit committee short of Nasdaq minimum
Charles T. Munger passed away Nov 28, 2023; he was a director and audit committee member.
Daily Journal CEO Gerald Salzman retires; Steven Myhill-Jones named Chairman and Interim CEO
Gerald Salzman retired after 44+ years as CEO, President, CFO and Treasurer on March 22, 2022.
elected Rasool Rayani to fill the newly created seat, effective May 28, 2024.
On November 14, 2022, Maryjoe Rodriguez resigned from the Board of Directors of Daily Journal Corporation.
Gerald L. Salzman retired as the Company’s Chief Executive Officer, President, Chief Financial Officer and Treasurer.
the Board increased the size of the Board from four to five, and elected Mr. Myhill-Jones to fill the vacancy.
following Charles T. Munger’s decision to relinquish that title.
the Board elected Tu To as the Company’s Chief Financial Officer.
the Board of Directors of the Company (the “Board”) elected Steven Myhill-Jones as the Company’s Chairman and Interim Chief Executive Officer.
On December 29, 2021, Maryjoe Rodriguez was appointed to the Board to fill the vacancy created with Mr. Salzman’s resignation.
On December 29, 2021, Gerald L. Salzman resigned from the Board of Directors (the “Board”) of Daily Journal Corporation (the “Company”).
Also on December 29, 2021, Peter D. Kaufman informed the Company that he will not stand for re-election at the Company’s 2022 Annual Meeting of Shareholders.
Max materiality 0.90 · Median 0.47 · Most common event leadership