Alta Fox Amends Stake in Daktronics

Ticker: DAKT · Form: SC 13D/A · Filed: Dec 11, 2024 · CIK: 915779

Sentiment: neutral

Topics: activist-investor, sec-filing, schedule-13d

Related Tickers: DAKT

TL;DR

Alta Fox updated their Daktronics filing on 12/11/24. 👀

AI Summary

Alta Fox Capital Management, LLC, along with its affiliates, has filed an amendment (No. 1) to their Schedule 13D concerning Daktronics, Inc. (DAKT). The filing, dated December 11, 2024, indicates a change in their beneficial ownership of DAKT's common stock. Alta Fox Opportunities Fund, LP, a related entity, is also listed as a filer.

Why It Matters

This filing signals a potential shift in the shareholder landscape for Daktronics, possibly indicating increased activist interest or a change in investment strategy by Alta Fox.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shareholder activism, which can introduce volatility.

Key Numbers

Key Players & Entities

FAQ

What specific changes in beneficial ownership are detailed in this Amendment No. 1?

The filing is an amendment to a previous Schedule 13D, indicating a change in beneficial ownership, but the exact percentage or number of shares acquired/disposed of is not detailed in the provided header information.

Who are the principal group members filing this amendment?

The principal group members include ALTA FOX CAPITAL MANAGEMENT, LLC, ALTA FOX EQUITY, LLC, ALTA FOX GENPAR, LP, and P. CONNOR HALEY.

What is the CUSIP number for Daktronics, Inc. common stock?

The CUSIP number for Daktronics, Inc. common stock is 234264109.

Where is Daktronics, Inc. headquartered?

Daktronics, Inc. is headquartered in Brookings, South Dakota.

What is the business address of Alta Fox Opportunities Fund, LP?

The business address of Alta Fox Opportunities Fund, LP is 1751 River Run, Suite 400, Fort Worth, Texas 76107.

Filing Stats: 1,295 words · 5 min read · ~4 pages · Grade level 13.1 · Accepted 2024-12-11 17:00:16

Filing Documents

Purpose of Transaction

Item 4. Purpose of Transaction .

is hereby amended to add the following

Item 4 is hereby amended to add the following: On December 10, 2024, the Reporting Persons released an investor presentation the (the “Investor Presentation”) at the Bloomberg Activism Forum, highlighting measures the Reporting Persons believe are necessary to unlock shareholder value and renew accountability to the Issuer’s shareholders. In conjunction with the Investor Presentation, the Reporting Persons also issued a press release (the “Press Release”) announcing the publication of the Investor Presentation. The Investor Presentation and Press Release are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits .

is hereby amended to add the following exhibits

Item 7 is hereby amended to add the following exhibits: 99.1 Investor Presentation. 99.2 Press Release.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 11, 2024 ALTA FOX OPPORTUNITIES FUND, LP ALTA FOX EQUITY, LLC By: Alta Fox GenPar, LP, its general partner By: P. Connor Haley, its manager ALTA FOX GENPAR, LP ALTA FOX CAPITAL MANAGEMENT, LLC By: Alta Fox Equity, LLC, its general partner By: P. Connor Haley, its manager By: /s/ P. Connor Haley Name: P. Connor Haley Title: Authorized Signatory /s/ P. Connor Haley P. Connor Haley

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