Daily Journal Corporation Rebukes Activist Demands Amid Boardroom Tensions

Reuters2025-12-30

Daily Journal Corporation Rebukes Activist Demands Amid Boardroom Tensions

Daily Journal Corporation has recently addressed actions by activist investor Alexander Erwin Parker, CEO of Buxton Helmsley USA, Inc. According to a company statement, Parker, who until recently held no shares of the company, demanded two seats on the Board of Directors and a consulting contract tied to the company's stock appreciation. The company rejected these demands and refuted Parker’s allegations regarding its financial statements and governance practices. In response to Parker’s subsequent communications, which included threats of a proxy contest, the Board reiterated its confidence in the company’s financial reporting and governance and advised shareholders that no action is required at this time. The company has referred Parker and Buxton Helmsley to federal and state authorities for consideration of criminal prosecution, while maintaining its commitment to act in the best interests of all shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daily Journal Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-038860), on December 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The company rejected these demands and refuted Parker’s allegations regarding its financial statements and governance practices. In response to Parker’s subsequent communications, which included threats of a proxy contest, the Board reiterated its confidence in the company’s financial reporting and governance and advised shareholders that no action is required at this time. The company has referred Parker and Buxton Helmsley to federal and state authorities for consideration of criminal prosecution, while maintaining its commitment to act in the best interests of all shareholders.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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