Companies DAILY JOURNAL CORP
DAILY JOURNAL (DJCO): executive pay, fiscal 2025
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CEO pay, last three years
- $1,050,000FY2023
- $1,270,912FY2024
- $1,000,000FY2025
CEO total pay was $1,000,000 in fiscal 2025, down from $1,270,912 in fiscal 2024.
FY2025: salary $500,000 · bonus $500,000 · stock awards $0 · option awards $0
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Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Steven Myhill-Jones | $500,000 | $500,000 | $0 | $0 | $0 | $0 | $0 | $1,000,000 |
| Chief Executive Officer | ||||||||
| Tu To | 395,000 | 40,000 | 0 | 0 | 362,705 | 0 | 0 | 797,705 |
| Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Steven Myhill-Jones | $1,000,000 | $1,270,912 | $1,050,000 | ↓ −270,912 |
| Tu To | 797,705 | 421,290 | 443,060 | ↑ +376,415 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's executive compensation program is designed to align the interests of the principal executive officer with those of the shareholders. Salary and bonus payments are primarily designed to reward current and past performance, while awards granted pursuant to the Management Incentive Plan and the Equity Incentive Plan are aimed at providing incentives to enhance the long-term future performance of the Company.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Steven Myhill-Jones | RSU | 200 | — | $93,028 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Rasool RayaniIndependent · Audit | $25,140 | $24,860 | — | — | — | $50,000 |
| Mary ConlinIndependent · Audit (Chair) | 25,140 | 24,860 | — | — | — | 50,000 |
| John B. FrankIndependent · Audit | 25,140 | 24,860 | — | — | — | 50,000 |
| Steven Myhill-JonesEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $25,000 |
|---|---|
| Annual equity retainer | $25,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $75,420 |
| Equity awards (grant-date value) | $74,580 |
| All other compensation | $0 |
| Total cost of the board | $150,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names DAILY JOURNAL as a peer
Companies that benchmark against DJCO
No companies currently name DJCO as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | DAILY JOURNAL CORP | 2025 | Steven Myhill-Jones | $500,000 | $0 | $0 | $0 | $1,000,000 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-02-24 | 907,768 | 17,834 | 9,374 | 98.07% | Passed |
| 2025 | 2025-02-19 | 90,012 | — | — | — | — |
| 2023 | 2023-02-15 | 608,903 | 1,296 | 3,005 | 99.79% | Passed |
| 2020 | 2020-02-12 | 774,369 | 779 | 13,909 | 99.9% | Passed |
| 2017 | 2017-02-15 | 737,736 | 1,246 | 14,226 | 99.83% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-02-24 | 98.07%a |
| 2025 | 2025-02-19 | —b |
| 2023 | 2023-02-15 | 99.79%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Approved under the standard stated in the filing — “Abstentions have no effect on the outcome.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (12 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Steven Myhill-Jones. DEF 14A, filed 2026-01-21. Section “Executive Compensation”. As printed: 1,000,000. View filing ↗
- Section 01, Tu To. DEF 14A, filed 2026-01-21. Section “Executive Compensation”. As printed: 797,705. View filing ↗
- Section 08, Rasool Rayani. DEF 14A, filed 2026-01-21. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Mary Conlin. DEF 14A, filed 2026-01-21. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, John B. Frank. DEF 14A, filed 2026-01-21. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Steven Myhill-Jones. DEF 14A, filed 2026-01-21. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-02-25. Item 5.07 · say-on-pay result. As reported: 98.07% (votes for as printed: 907,768). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-01-08. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-02-16. Item 5.07 · say-on-pay result. As reported: 99.79% (votes for as printed: 608,903). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 75,420 + equity 74,580 + all other 0 = 150,000, summed across the director compensation table rows.
- DAILY JOURNAL CORP (subject), Section 10b CEO total. DEF 14A, filed 2026-01-21. CEO total compensation as printed in DAILY JOURNAL CORP's own proxy. As printed: 1,000,000. View filing ↗