2025 Annual Shareholder’s Meeting

Ojai Oil Company’s 2025 Annual Shareholders meeting will take place on Friday, May 2nd, 2025 at 10:00 am PT at the Las Posas County Club at 955 Fairway Dr, Camarillo, CA 93010.

If you would like to attend, please fill out this registration form.

2024 Annual Report

We are pleased to announce our the availability of our 2024 Annual Report.

Click here to view and download the report.

Results of 2024 Tender Offer to Street-name Shareholders

Ojai Oil Company previously announced that it would no longer support the trading of its shares on the OTC markets. As part of this decision, the company offered to repurchase shares from street-name shareholders who hold their shares through brokerages. The optional repurchase offer was set at $305 per share and ended on October 4th at 5 PM ET.

Of the 23,902 street-name shares, 18,023 were successfully tendered, representing approximately 75% of the offer. Following the retirement of these tendered shares, the company now has a total of 261,877 outstanding shares. Only 5,879 of these remaining shares are held in street-name, making up about 2.2% of the company’s total outstanding shares.

Ojai Oil Company Announces Reorganization and OTC Share Repurchase

Ojai Oil Company was incorporated in California in 1900. The Company’s original focus was oil production. For the first 50 years, the Company was involved in oilfield investments with well and royalty interest, primarily in California, but also in Montana, Texas, Wyoming and Canada. The decrease in oil prices in the mid-1960s motivated the Board of Directors to pursue other ventures. Since then, the Company has expanded from oil production to investments in land, office buildings, commercial buildings, communication towers and self-storage facilities. Today, the Company is principally involved in the ownership and management of self-storage facilities.

The ownership of the Company is held principally by the Off and Edward families. A small percentage of the Company is also thinly traded on the OTC market.

This notice is being published to advise of two developments in the Company which affect all shareholders.

1. The Off and Edward families have decided to pursue a tax free split off reorganization. The specifics of the split off reorganization are ongoing as well as tax work to ensure a tax free reorganization, including a private letter ruling application.

2. In conjunction with that decision to pursue a split off reorganization, the Company has determined that it will no longer support the trading of its shares in the Over the Counter market. To that end, the Company has formulated an offer to the CEDE shareholders which currently trade on the OTC market. The intent is to voluntarily purchase the shares of such holders at a price based on a third party appraisal valuation of the Company’s shares. The repurchase offer is presently expected to launch early to mid-August, 2024, and be completed by early to mid-October, 2024, subject to the Company’s option to extend the offer period. Depending on the success of the Company’s repurchase of the shares held by CEDE shareholders, the Company may be required to undertake additional steps to go private. In any event, the Company will take steps to cease trading in the OTC and any other additional steps required to go private.

2023 Annual Report

We are pleased to announce our the availability of our 2023 Annual Report.

Click here to view and download the report.