Daktronics Reports Material Agreement and Officer Changes
Ticker: DAKT · Form: 8-K · Filed: Oct 30, 2025 · CIK: 915779
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes, filing
TL;DR
Daktronics filed an 8-K for material agreement & exec changes on Oct 24.
AI Summary
Daktronics, Inc. filed an 8-K on October 30, 2025, reporting on events that occurred on October 24, 2025. The filing indicates a material definitive agreement, changes in directors or officers, and the filing of financial statements and exhibits. Specific details regarding the nature of the agreement or the changes in personnel were not elaborated in the provided text.
Why It Matters
This filing signals significant corporate events at Daktronics, Inc., potentially impacting its business operations, governance, and financial reporting.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and changes in directors or officers, which can introduce uncertainty or signal strategic shifts.
Key Players & Entities
- Daktronics, Inc. (company) — Registrant
- October 24, 2025 (date) — Date of earliest event reported
- October 30, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of Incorporation
- 46-0306862 (identifier) — I.R.S. Employer Identification No.
- 201 Daktronics Drive Brookings , SD 57006 (address) — Principal Executive Offices
- 605-692-0200 (phone_number) — Registrant's Telephone Number
FAQ
What is the nature of the material definitive agreement entered into by Daktronics, Inc. on October 24, 2025?
The provided text states that an 'Entry into a Material Definitive Agreement' is an item reported in the 8-K, but does not specify the details of the agreement.
What specific changes occurred regarding directors or officers of Daktronics, Inc. on or around October 24, 2025?
The filing lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as an item, but the specifics of these changes are not detailed in the provided excerpt.
When was this 8-K filing submitted to the SEC?
The filing was submitted on October 30, 2025.
What is Daktronics, Inc.'s principal executive office address?
Daktronics, Inc.'s principal executive offices are located at 201 Daktronics Drive, Brookings, SD 57006.
What is the fiscal year end for Daktronics, Inc.?
The fiscal year end for Daktronics, Inc. is May 2nd (0502).
Filing Stats: 987 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2025-10-30 13:27:13
Key Financial Figures
- $0.00001 — ange on which registered Common Stock, $0.00001 Par Value DAKT Nasdaq Global Select Mar
- $30,000 — erm"); (ii) the Consultant will receive $30,000 per month for Services (as defined in t
Filing Documents
- dakt-20251024.htm (8-K) — 33KB
- firstamendmenttocooperatio.htm (EX-10.1) — 12KB
- amendment_toxconsultingxag.htm (EX-10.2) — 10KB
- dakt-20251024_g1.jpg (GRAPHIC) — 3KB
- 0001628280-25-047438.txt ( ) — 210KB
- dakt-20251024.xsd (EX-101.SCH) — 2KB
- dakt-20251024_def.xml (EX-101.DEF) — 14KB
- dakt-20251024_lab.xml (EX-101.LAB) — 25KB
- dakt-20251024_pre.xml (EX-101.PRE) — 15KB
- dakt-20251024_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 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 Company and Alta Fox, effective as of March 3, 2025 (the "Original Cooperation Agreement"), solely to extend the deadline for holding an Investor Day (as defined in the Cooperation Agreement Amendment) from December 31, 2025, to May 2, 2026, which aligns with the Company's fiscal year end. Except as expressly amended by the Cooperation Agreement Amendment, all other terms of the Original Cooperation Agreement remain unchanged and in full force and effect. As of October 24, 2025, Alta Fox owned approximately 4,430,799 shares of the Company's common stock, par value $0.00001 per share. The foregoing description of the material terms of the Cooperation Agreement Amendment in this Current Report on Form 8-K (this "Report") does not purport to be complete and is qualified in its entirety by reference to the full text of the Cooperation Agreement Amendment, a copy of which is filed as Exhibit 10.1 to this Report and is incorporated herein by reference. Section 5 - Corporate Governance and Management Item 5.02 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 o
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 First Amendment to Cooperation Agreement, dated as of October 24, 2025, by and between Daktronics, Inc. and Alta Fox Capital Management, LLC, Alta Fox Opportunities Fund, LP, Alta Fox GenPar, LP, Alta Fox Equity, LLC and P. Connor Haley. 10.2 First Amendment to Consulting Agreement, dated as of October 30, 2025, by and between Reece A. Kurtenbach and Daktronics, Inc. 104 Cover page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. DAKTRONICS, INC. By: /s/ Howard I. Atkins Howard I. Atkins Acting Chief Financial Officer Date: October 30, 2025