Daily Journal Corporation Announces Receipt of Expected Non-Compliance Letter from Nasdaq
LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- As previously announced on December 1, 2023, due to the death of director Charles T. Munger, Daily Journal Corporation (NASDAQ:DJCO) notified the Nasdaq Stock Market (“Nasdaq”) that the company’s audit committee has only two members, which is contrary to Nasdaq Listing Rule 5605(c)(2)(A)’s requirement that listed companies have an audit committee of at least three members.
- The company intends to fill the vacancy on the company’s board of directors and audit committee with a qualified individual who meets the criteria of the Nasdaq listing rules in advance of the compliance deadline.
- Daily Journal Corporation publishes newspapers and web sites covering California and Arizona, and produces several specialized information services.
- Journal Technologies, Inc. supplies case management software systems and related products to courts and other justice agencies.
- We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.