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LOS ANGELES - Daily Journal Corporation (NASDAQ:DJCO), a $579 million market cap media company whose stock has declined 26.3% year-to-date despite maintaining a strong financial health score according to InvestingPro, conducted its 2025 Annual Meeting of Shareholders on February 19, with several key decisions made regarding the company’s governance and accounting practices.
The shareholders elected four directors to serve until the next annual meeting. Mary Conlin received 332,155 votes in favor, John B. Frank garnered 332,803, Steven Myhill-Jones had a strong showing with 472,060, and Rasool Rayani led with 543,971 votes. There were 772,700 broker non-votes recorded for the election of directors. The company, trading at a P/E ratio of 7.35, maintains a robust balance sheet with more cash than debt and a healthy current ratio of 12.31.
In addition to the election, the appointment of Baker Tilly USA LLP as the company’s independent registered public accounting firm was ratified for the current fiscal year. The decision was nearly unanimous, with 1,325,469 votes for and 3,320 against, and 523 abstentions.
Furthermore, the shareholders approved the stock settlement of up to 2,000 Director Restricted Stock Units (RSUs). The proposal received 551,614 votes for, 2,252 against, and 2,746 abstentions, alongside 772,700 broker non-votes.
These decisions reflect the shareholders’ perspectives on the company’s leadership and financial oversight. The results from the meeting are based on a press release statement filed with the SEC. The company, headquartered at 915 E. First Street, Los Angeles, CA, operates within the newspapers publishing sector and is incorporated in South Carolina.
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