Retirement of Chief Financial Officer at Daily Journal Corporation

On October 27, 2025, Daily Journal Corporation announced the retirement of Ms. Tu To, Chief Financial Officer, effective January 15, 2026. Ms. To, who has been with the company for 42 years, including 31 years as Controller and nearly 4 years as CFO, will step down from her position as the company’s principal financial officer by December 31, 2025, or on the retirement date. The company and Ms. To entered into a Separation Agreement and Release, under which she will receive a lump-sum payment of $175,000, a $40,000 cash bonus for fiscal year 2025, eligibility for contingent milestone bonuses of up to $75,000, and continued company-paid medical and dental plan insurance premiums through April 30, 2027. Ms. To has also agreed to provide a general release and waiver of claims in favor of the company and reaffirmed her confidentiality and non-disparagement obligations.