Daktronics Files Preliminary Proxy Statement
Ticker: DAKT · Form: DEF 14A · Filed: Jan 21, 2025 · CIK: 915779
Sentiment: neutral
Topics: proxy-statement, annual-meeting, governance
TL;DR
Daktronics filed its preliminary proxy statement for the annual meeting. Shareholders vote on directors & pay.
AI Summary
Daktronics, Inc. filed a preliminary proxy statement on January 21, 2025, for its annual meeting. The filing, designated as DEF 14A, outlines the company's governance and shareholder matters. Key details regarding the meeting date, agenda items, and director nominations are expected to be detailed in the definitive proxy statement.
Why It Matters
This filing is crucial for shareholders as it provides advance notice of matters to be voted on at the annual meeting, including director elections and executive compensation, impacting corporate governance.
Risk Assessment
Risk Level: low — This is a routine regulatory filing for an annual meeting, not indicating any immediate financial distress or significant new risks.
Key Players & Entities
- Daktronics, Inc. (company) — Registrant
- 201 DAKTRONICS DRIVE (location) — Business Address
- 57006 (location) — ZIP Code
- 6056974000 (phone_number) — Business Phone
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is required by the SEC when a company solicits proxies from its shareholders for an annual or special meeting. It provides detailed information about the matters to be voted on, such as director elections, executive compensation, and other corporate actions.
When was this preliminary proxy statement filed?
This preliminary proxy statement was filed on January 21, 2025.
What is the company's standard industrial classification?
The company's standard industrial classification is Miscellaneous Manufacturing Industries [3990].
Where is Daktronics, Inc. located?
Daktronics, Inc. is located in Brookings, South Dakota, with its business address at 201 Daktronics Drive, Brookings, SD 57006.
What is the fiscal year end for Daktronics, Inc.?
The fiscal year end for Daktronics, Inc. is April 26.
Filing Stats: 4,485 words · 18 min read · ~15 pages · Grade level 18.2 · Accepted 2025-01-21 09:00:35
Key Financial Figures
- $100 million — ith market capitalizations greater than $100 million have cumulative voting. South Dakota is
Filing Documents
- formpre14a01172025.htm (DEF 14A) — 564KB
- page1.jpg (GRAPHIC) — 293KB
- page2.jpg (GRAPHIC) — 311KB
- 0000915779-25-000040.txt ( ) — 1398KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 22 HOUSEHOLDING OF ANNUAL DISCLOSURE DOCUMENTS 24 PROXY PROCEDURE 25 OTHER MATTERS 27 EXHIBITS ANNEX A - PLAN OF CONVERSION ANNEX B - ARTICLES OF SURRENDER ANNEX C - CERTIFICATE OF CONVERSION ANNEX D - CERTIFICATE OF INCORPORATION ANNEX E - BYLAWS OF DAKTRONICS, INC. APPENDIX - FORM OF PROXY Table of Contents DAKTRONICS, INC. SPECIAL MEETING OF SHAREHOLDERS , 2025 PROXY STATEMENT GENERAL MATTERS The enclosed form of proxy (the "Proxy Card") is solicited by and on behalf of the Board of Directors (the "Board" or "Board of Directors") of Daktronics, Inc., a South Dakota corporation (the "Company," "we," or "us,"), for use at the 2025 Special Meeting of Shareholders and any adjournments or postponements thereof (the "Special Meeting"), scheduled to be held on , , 2025 at Daktronics, Inc., 201 Daktronics Drive, Brookings, South Dakota 57006 at 430 p.m. Central Daylight Time, for the purposes set forth herein and in the accompanying Notice of Special Meeting. This Proxy Statement (the "Proxy Statement") and the accompanying Proxy Card are being mailed on or about , 2025 to shareholders entitled to vote at the Special Meeting. 1 Table of Contents PROPOSAL 1 APPROVAL OF THE REINCORPORATION OF THE COMPANY FROM THE STATE OF SOUTH DAKOTA TO THE STATE OF DELAWARE General On January 16, 2025, for the reasons discussed below, the Board of Directors unanimously approved and declared it advisable and in the best interest of the Company and its shareholders to change the Company's state of incorporation from the State of South Dakota to the State of Delaware, subject to approval by the Company's shareholders at the Special Meeting (the "Reincorporation"). If approved by the Company's shareholders, the Reincorporation will be effected pursuant to the plan of domestication to be entered into by the Company (the "Plan of Conversion"). In accordance with South Dakota law and