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Daily Journal Corporation shareholders approved an amendment to eliminate cumulative voting rights in director…
DJCODaily Journal Corp
Daily Journal Corporation shareholders approved an amendment to eliminate cumulative voting rights in director elections and adopted new bylaws effective September 11, 2026. The governance changes include a proxy access provision allowing passive shareholders owning at least three percent of shares for three years to nominate up to two directors, an exclusive forum clause for South Carolina courts, and a modernized advance notice period of 60 days. Concurrently, the Board authorized a share repurchase framework permitting the buyback of up to 35,000 common shares through September 30, 2027, and adopted a director resignation policy requiring incumbents to tender resignations if they receive more 'no' votes than 'yes' votes in uncontested elections. The company operates in the legal technology and media industry.