Leadership & Pay ·
Daily Journal sets CEO base pay at $700K with operating income incentives and grants 800 RSUs
DJCODaily Journal Corp
Daily Journal Corporation entered into a new compensation agreement for Chairman and CEO Steven Myhill-Jones, establishing an annual base salary of $700,000 effective October 1, 2025. The package includes discretionary bonuses targeting 50% of base salary, plus incentive compensation tied to operating income: 4% in cash (capped at two times base salary) and 1% in vested stock (capped at 400 shares annually for fiscal years 2026 and 2027). The company also granted Myhill-Jones an initial award of 800 restricted stock units vesting over two years, along with a one-time cash payment of $475,000. Concurrently, CFO Erik Nakamura received a salary increase to $400,000 effective October 1, 2026, with a target bonus of $200,000 and long-term incentives based on operating income. Daily Journal Corporation publishes legal news and software for the justice system.