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Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) As previously disclosed, Daktronics, Inc. (the “Company”) entered into a Consulting Agreement (the “Consulting Agreement”) with Carla Gatzke, a former named executive officer of the Company, pursuant to which Ms. Gatzke agreed to provide transition services to the Company in exchange for a monthly consulting fee of $30,000 through April 30, 202…
Results of Operations and Financial Condition. On March 4, 2026, Daktronics Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended January 31, 2026 (the “Press Release”). A copy of the Press Release is furnished with this Current Report on Form 8-K (this “Report”) as Exhibit 99.1 and is incorporated herein by reference. The information in this Report, including the Press Release, is being furnished and shall not be deemed to be “filed” for pu…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On February 16, 2026, the Board of Directors of Daktronics, Inc. (the “ Company ”) authorized the Company to enter into an Amended and Restated Termination Agreement and General Release of Claims, effective as of February 1, 2026 (the “ Effective Date ”), with Bradley T. Wiemann, the former Interim President and Chief Executive Officer (“ CEO ”…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Ramesh Jayaraman to the Board of Directors On January 30, 2026, the Board of Directors (the “ Board ”) of Daktronics, Inc. (the “ Company ”) appointed Ramesh Jayaraman to the Board, effective February 1, 2026, with an initial term expiring at the 2027 annual meeting of stockholders and until his successor has been elected and qualifi…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (c) On January 20, 2026, the Board of Directors (the “ Board ”) of Daktronics, Inc. (the “ Company ”) authorized the Company to enter into a Separation and Release Agreement (the “ Separation Agreement ”) with Carla S. Gatzke pursuant to which Ms. Gatzke will cease to serve as Corporate Secretary and Vice President of Human Resources of the Company…
Forward-Looking Statements This Report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company’s acquisition of the Display Business and the Transaction and is intended to enjoy the protection of that act. These forward-looking statements reflect the Company’s expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risks and uncertainties which could cause actu…
Regulation FD Disclosure. Acquisition of Display Business On December 22, 2025 (Central Time), Daktronics, Inc. (the “ Company ”) entered into a Business Transfer Agreement (the “ Agreement ”) between and among the Company, X Display Company Technology Limited (“ XDC ”), Sensinnovat BV, and X-Celeprint Limited (“ X-Celeprint ”). Pursuant to the Agreement, the Company acquired from XDC a display business consisting of intellectual property, equipment assets, technical expertise, and related as…
Results of Operations and Financial Condition. On December 10, 2025, Daktronics Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended November 1, 2025 (the “Press Release”). A copy of the Press Release is furnished with this Current Report on Form 8-K (this “Report”) as Exhibit 99.1 and is incorporated herein by reference. The information in this Report, including the Press Release, is being furnished and shall not be deemed to be “filed” fo…
Other Events. On December 9, 2025, the Board of Directors of the Company (the “Board”) approved a share repurchase authorization pursuant to which the Company may repurchase up to an additional $20 million of outstanding shares of the Company’s common stock (“Share Repurchases”) under the Company’s stock repurchase program (the “Repurchase Program”). As of the date of this Report, approximately $25.7 million of the $80 million authorized by the Board remained available for Share Repurchases u…
Creation of a Direct Financial Obligation or an Obligation under an Off- Balance Sheet Arrangement of a Registrant The information provided in
Entry into a Material Definitive Agreement. New Credit Agreement On November 26, 2025 (the “ Closing Date ”), Daktronics, Inc. (the “ Company ”) replaced its prior $75 million senior credit facility (the “ Prior Credit Facility ”) pursuant to a Credit Agreement dated as of May 11, 2023 (as amended, restated, modified, or supplemented from time to time, the “ Prior Credit Agreement ”), between and among the Company, JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent…
Termination of a Material Definitive Agreement. The information provided in
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (c) On December 2, 2025, the Board of Directors (the “ Board ”) of Daktronics, Inc. (the “ Company ”) approved the Company’s entry into a letter agreement with Ramesh Jayaraman (the “ Letter Agreement ”) and approved Mr. Jayaraman’s appointment as President and Chief Executive Officer of the Company, in each case effective as of February 1, 2026 (t…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 30, 2025, the Company and Reece A. Kurtenbach (the “Consultant”) entered into a First Amendment to Consulting Agreement (the “Consulting Agreement Amendment”). Under the Consulting Agreement Amendment: (i) the term of the Consulting Agreement entered into between the Company and Consultant, effective as of March 5, 2025 (the “Original Co…
Entry into a Material Definitive Agreement. On October 24, 2025, Daktronics, Inc. (the “Company”) entered into a First Amendment to Cooperation Agreement (the “Cooperation Agreement Amendment”) with Alta Fox Capital Management, LLC, Alta Fox Opportunities Fund, LP, Alta Fox GenPar, LP, Alta Fox Equity, LLC, and P. Connor Haley (collectively with their affiliates and associates, “Alta Fox”). The Cooperation Agreement Amendment modifies Section 2(d) of the Cooperation Agreement between the Comp…
Results of Operations and Financial Condition. On September 10, 2025, Daktronics Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended August 2, 2025 (the “Press Release”). A copy of the Press Release is furnished with this Current Report on Form 8-K (this “Report”) as Exhibit 99.1 and is incorporated herein by reference. The information in this Report, including the Press Release, is being furnished and shall not be deemed to be “filed” for…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (e) On September 3, 2025, at the 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) of Daktronics, Inc. (the “Company”), the stockholders of the Company approved the Daktronics, Inc. 2025 Stock Incentive Plan (the "2025 Plan"). As disclosed in our definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commissi…
(e) Equity Awards Performance Stock Units On July 28, 2025, the Compensation Committee of the Board (the “Committee”) approved and adopted a new form of performance-based restricted stock unit agreement (the “Form PSU Agreement”) that will be used in connection with awards of performance-based restricted stock units (“Performance Stock Units”) to Ms. Anderson, Carla S. Gatzke, and Matthew J. Kurtenbach (the “Covered NEOs”) pursuant to the 2020 Daktronics, Inc. Stock Incentive Plan (the “Plan”…
and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to liability under that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “ Securities Act ”), or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On June 23, 2025, the Board of Directors of the Company (the “ Board ”) approved an executive compensation program for fiscal year 2026 (the “ Compensation Program ”). The central purposes of the Compensation Program are to: (i) support the recruitment and retention of high-performing executives; (ii) encourage leadership to drive transformatio…
Other Events. On June 23, 2025, the Board voted to authorize an additional $10 million of repurchases of outstanding shares of the Company’s common stock (“ Share Repurchases ”) under the Company’s stock repurchase program (the “ Repurchase Program ”). As of date of this Report, approximately $20 million of the $60 million authorized by the Board remained available for Share Repurchases under the Repurchase Program. Share Repurchases may occur from time to time in open market purchases, priva…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in
Entry into a Material Definitive Agreement. On June 10, 2025, Daktronics, Inc. (the “ Company ”) entered into a Consent and Amendment No. 4 to Credit Agreement, effective as of June 6, 2025 (the “ Amendment ”), by and among the Company, the other Loan Parties (as defined in the Credit Agreement (as defined below)) party thereto, the Lenders (as defined in the Credit Agreement) party thereto, and JPMorgan Chase Bank, N.A. (the “ Administrative Agent ,” and collectively with the Company, the Lo…
Material Modification to Rights of Security Holders. At a Special Meeting of Shareholders (the “ Special Meeting ”) of Daktronics, Inc. (the “ Company ”) held on April 16, 2025, the Company’s shareholders approved a change in the Company’s state of incorporation from the State of South Dakota to the State of Delaware (the “ Reincorporation ”) pursuant to a plan of domestication (the “ Plan of Conversion ”). In accordance with South Dakota law and Delaware law, the Plan of Conversion includes…
Regulation FD Disclosure. On March 4, 2025, the Board of Directors of Daktronics, Inc. (the “Company”) voted to authorize an additional $10 million of its outstanding shares of common stock under the stock buyback program. As of March 4, 2025, approximately $20 million remained available under the program for the repurchase of shares. Shares may be repurchased from time to time in open market purchases, private transactions or other transactions. The timing, volume and nature of share repurch…
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