Published December 29, 2025

We filed a Form 8-K dated December 29, 2025. The text is provided below.
Item 8.01 Other Events.
On December 26, 2025, Daily Journal Corporation (the “Company”) issued a press release addressing the brazen threats and numerous false statements made by Buxton Helmsley USA, Inc. and its chief executive officer, Alexander Erwin Parker, in a flood of letters and emails to the Company and its directors and officers since December 13, 2025. That press release is attached hereto as Exhibit 99.1.

The Company believes that the natural inclination of respectable people is to take the high road; to rise above nonsense and let the true character of others emerge, and for facts to speak for themselves. That is why the Company is making public Mr. Parker’s “private correspondence” so that stockholders can read for themselves why the Company believes Mr. Parker is engaged in nothing more than a relentless harassment campaign. Threatening and making disciplinary referrals to professional licensing bodies and regulatory authorities when someone disagrees with your accounting interpretation or refuses to enter into a “cooperation agreement” with you is not respectable behavior.

The Company also believes that sometimes the only correct path is to take a strong stand and defend against the outrageous, particularly when it seeks to mislead and create uncertainty and doubt. When his threats failed to achieve his goals, Mr. Parker appears to have shifted to a strategy of capitalizing on complexity and relentlessness. Perhaps Mr. Parker believes he can churn out plausible sounding turbulence for those unfamiliar with SEC compliance and the effective running and oversight of a public company. The rules and norms can be prosaic, complex and easily misunderstood (often by him, as we’ve shown).

This is not a “he-said, she-said” situation where the truth is somewhere in the middle. We believe Mr. Parker’s talk of stockholder advocacy is disingenuous and driven by self-serving motives. Stockholders are invited to see his modus operandi first-hand by reading the correspondence attached hereto as Exhibits 99.2 through 99.13.

Shortly before he died, the Company’s former Chairman Charlie Munger offered one of his “greatest lessons”: get toxic people out of your life and do it fast. The Company believes this is terrific advice.

Stockholders do not need to take any action at this time.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

99.1 Press Release, dated December 26, 2025 99.2 Letter from Buxton Helmsley USA, Inc. to the Company, dated December 13, 202599.3 Second Letter from Buxton Helmsley USA Inc., dated December 13, 2205 99.4 Email correspondence from Alexander Erwin Parker to Rasool Rayani on December 15, 202599.5 Letter from Buxton Helmsley USA, Inc. to the Company, dated December 17, 202599.6 Letter from Buxton Helmsley USA, Inc. to John Frank, dated December 18, 2025 99.7 Email correspondence from Alexander Erwin Parker to John Frank on December 18, 202599.8 Letter from Buxton Helmsley USA, Inc. to the Company, dated December 19, 202599.9 Letter from Buxton Helmsley USA, Inc. to Erik Nakamura, dated December 19, 202599.10 Letter from Buxton Helmsley USA, Inc. to John Frank and Mary Conlin, dated December 21, 202599.11 Email correspondence from Alexander Erwin Parker to John Frank on December 22, 202599.12 Letter from Buxton Helmsley USA, Inc. to the Company, dated December 24, 202599.13 Email correspondence from Alexander Erwin Partker to Erik Nakamura on December 24, 2025

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  • Daily Journal Corporation
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