Daily Journal CFO to retire; $175k payment, $40k bonus

Daily Journal Corporation announced that Chief Financial Officer Tu To will retire as an executive officer effective January 15, 2026.

Rhea-AI Filing Summary

Daily Journal Corporation announced that Chief Financial Officer Tu To will retire as an executive officer effective January 15, 2026. She may step down as the Company’s principal financial officer on December 31, 2025 or on the Retirement Date. To support a smooth transition, the Company and Ms. To entered into a Separation Agreement and Release on October 27, 2025.

Under the agreement, Ms. To will receive a lump-sum payment of $175,000 recognizing a retroactive pay adjustment, a $40,000 cash bonus for fiscal 2025, and eligibility for contingent milestone bonuses of up to $75,000 tied primarily to the Company’s financial system conversion. The Company will continue paying her medical and dental insurance premiums through April 30, 2027. Her outstanding Consolidated Unit Certificates will remain outstanding and will continue to operate as if she were 65 years of age on the Retirement Date, subject to existing terms.

Insights

Corporate governance analyst

Routine CFO retirement with defined transition and modest payments.

Daily Journal disclosed that CFO Tu To will retire effective January 15, 2026, with a potential principal financial officer handoff on December 31, 2025 or the Retirement Date. The separation agreement outlines standard transition support and compensation.

Cash elements include a retroactive adjustment of $175,000, a fiscal 2025 bonus of $40,000, and milestone bonuses up to $75,000, primarily linked to the financial system conversion. Company-paid medical and dental premiums continue through April 30, 2027. Her Consolidated Unit Certificates remain outstanding per existing terms.

The filing centers on leadership succession and administrative compensation. Subsequent filings may provide the designated successor and any updates on the transition timing.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Daily Journal (DJCO) announce regarding its CFO?

Daily Journal announced that CFO Tu To will retire as an executive officer effective January 15, 2026.

When might DJCO’s principal financial officer role transition occur?

The transition may occur on December 31, 2025 or on the January 15, 2026 Retirement Date.

What compensation will the outgoing DJCO CFO receive?

She will receive a $175,000 lump-sum retroactive pay adjustment and a $40,000 fiscal 2025 cash bonus.

Are there milestone bonuses in the DJCO CFO’s separation agreement?

Yes. She is eligible for contingent milestone bonuses of up to $75,000, primarily tied to the financial system conversion.

How long will DJCO cover the CFO’s medical and dental premiums?

The Company will pay plan premiums through April 30, 2027.

What happens to the CFO’s Consolidated Unit Certificates?

They remain outstanding and will operate as if she were 65 on the Retirement Date, subject to existing terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/29/2025 - 05:27 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 27, 2025

DAILY JOURNAL CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

South Carolina

(State or Other Jurisdiction of Incorporation)

0-14665	95-4133299
(Commission File Number)	(IRS Employer Identification No.)
915 E. First Street Los Angeles, CA	90012
(Address of Principal Executive Offices)	(Zip Code)

(213) 229-5300

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

☐ Pre -commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

☐ Pre -commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $.01 per share		DJCO		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02         Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Retirement of Chief Financial Officer

On October 27, 2025, Daily Journal Corporation (the “Company”) announced that Ms. Tu To, Chief Financial Officer, will retire as an executive officer of the Company effective January 15, 2026 (the “Retirement Date”). Ms. To will conclude her forty-two-year career with the Company, having served thirty-one years as Controller and nearly four years as Chief Financial Officer. It is anticipated she will step down from her position as the Company’s principal financial officer either on December 31, 2025 or on the Retirement Date.

Recognizing her long-time service, the Company and Ms. To entered into a Separation Agreement and Release on October 27, 2025 (the “Agreement”). Under the Agreement, Ms. To will continue to serve as Chief Financial Officer through a transition that will occur by the Retirement Date. Pursuant to the Agreement, Ms. To will receive (i) a lump-sum payment of $175,000, representing a retroactive pay adjustment recognizing her increased responsibilities as Chief Financial Officer; (ii) a cash bonus of $40,000 for fiscal year 2025; (iii) eligibility for contingent milestone bonuses of up to $75,000 in aggregate primarily associated with the Company’s financial system conversion; and (iv) continued Company-paid medical and dental plan insurance premiums through April 30, 2027. In addition, Ms. To’s outstanding Consolidated Unit Certificates will remain outstanding and continue to operate as if she were 65 years of age on the Retirement Date, subject to their existing terms.

Under the Agreement, Ms. To has agreed to provide a general release and waiver of claims in favor of the Company and reaffirmed her confidentiality and non-disparagement obligations.

[SIGNATURE PAGE FOLLOWS]

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DAILY JOURNAL CORPORATION
Dated: October 29, 2025	By: /s/ Steven Myhill-Jones
	Steven Myhill-Jones Chairman of the Board and Chief Executive Officer