每日期刊 2024年度报告

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☑ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):Yes☐No☑ As of March 31, 2025, the aggregate market value of Daily Journal Corporation's voting stock held by non-affiliates was approximately$547,802,320. As of December 16, 2025, there were outstanding 1,377,722 shares of Common Stock. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive proxy statement relating to its 2026 annual meeting of shareholders are incorporated by reference intoPart III of this Annual Report on Form 10-K where indicated. The Registrant’s definitive proxy statement will be filed with the U.S. Securities Table of Contents PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities17Item 6.Reserved17Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations18 PART III Item 10.Directors, Executive Officers and Corporate Governance48Item 11.Executive Compensation48 PART IV Disclosure Regarding Forward-Looking Statements This Annual Report on Form 10-K includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements contained in this document,including but not limited to those in “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” are“forward-looking” statements that involve risks and uncertainties that may cause actual future events or results to differ materially from thosedescribed in the forward-looking statements. Words such as “expects,” “intends,” “anticipates,” “should,” “believes,” “will,” “plans,”“estimates,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. We disclaimany intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, orotherwise. There are many factors that could cause actual results to differ materially from those contained in the forward-looking statements.These factors include, among others: risks associated with software development and implementation efforts, and disruptive new technologieslike artificial intelligence; Journal Technologies’ reliance on professional services engagements with justice agencies; material changes in thecosts of postage and paper; additional possible changes in the law, particularly changes limiting or eliminating the requirements for public PART I Item 1. Business Daily Journal Corporation (“Daily Journal” or “the Company”) publishes newspapers and websites covering California and Arizona newsand produces several specialized information publications. It also serves as a newspaper representative specializing in public notice Journal Tech