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DJCO > SEC Filings for DJCO > Form 8-K on 17-Sep-2013All Recent SEC Filings

Show all filings for DAILY JOURNAL CORP

Form 8-K for DAILY JOURNAL CORP


17-Sep-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement

On September 13, 2013, Daily Journal Corporation (the "Company") acquired through a new subsidiary, Technology Acquisition Corporation, substantially all of the operating assets and liabilities of ISD Corporation ("ISD"). The purchase price paid to ISD was approximately $16 million in cash, subject to certain adjustments. The new subsidiary, which has been renamed ISD Technologies, Inc., provides case management software systems and related services similar to those provided by the Company's Sustain Technologies, Inc. and New Dawn Technologies, Inc. subsidiaries. The acquisition was made pursuant to an Asset Purchase Agreement, dated September 13, 2013, which is attached as Exhibit 2.1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

2.1 Asset Purchase Agreement, dated as of September 13, 2013, by and between Daily Journal Corporation; Technology Acquisition Corporation; ISD Corporation; ISD Investments, LLC; Hans Imhof; Ronald Beach; and Mark Nielsen.

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