{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-28T11:36:21.627194+00:00","company":{"ticker":"DAKT","cik":915779,"company_name":"DAKTRONICS INC /SD/"},"pagination":{"limit":100,"returned":31,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"JPMorgan Chase Bank, N.A.","detail":"credit_facility","count":4,"first_seen":"2023-05-12T23:59:59+00:00","last_seen":"2025-12-03T23:59:59+00:00","evidence_fact_ids":[133007,142613,142614,153274]},{"display_name":"U.S. Bank National Association","detail":"credit_facility","count":3,"first_seen":"2022-11-01T23:59:59+00:00","last_seen":"2023-01-25T23:59:59+00:00","evidence_fact_ids":[184615,191724,201822]},{"display_name":"Alta Fox Capital Management, LLC and Connor Haley","detail":"other","count":1,"first_seen":"2023-03-20T23:59:59+00:00","last_seen":"2023-03-20T23:59:59+00:00","evidence_fact_ids":[170965]}]},"facts":[{"fact_type":"earnings_release","fact_key":"555de6f1e14d40330b3c5ddb48caea8a40e3f8dc","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2026-03-04T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"its fiscal 2026 third quarter which ended January 31, 2026","report_date":"2026-03-04","result_type":"reported_results","revenue_text":"$181.9 million"},"claim":"DAKTRONICS INC /SD/ reported its fiscal 2026 third quarter which ended January 31, 2026 results: revenue $181.9 million.","evidence_excerpt":"today reported results for its fiscal 2026 third quarter which ended January 31, 2026. Fiscal Q3 2026 financial highlights include: • Sales of $181.9 million","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001628280-26-014398","anchor_url":"https://secwatch.observer/filing/0001628280-26-014398#claim-555de6f1e14d40330b3c5ddb48caea8a40e3f8dc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000162828026014398/0001628280-26-014398-index.htm"},{"fact_type":"material_agreement","fact_key":"abaa0d5b0c40d12c7eb563327d03e6221df4709b","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-12-03T23:59:59+00:00","payload":{"action":"termination","agreement_name":"Prior Credit Agreement","agreement_type":"credit_facility","counterparty":"JPMorgan Chase Bank, N.A.","effective_date":"2025-11-26","item_codes_triggered":["1.02"],"value_text":"Terminated prior $75 million senior credit facility dated May 11, 2023"},"claim":"DAKTRONICS INC /SD/ terminated Prior Credit Agreement with JPMorgan Chase Bank, N.A. valued at Terminated prior $75 million senior credit facility dated May 11, 2023 (effective 2025-11-26).","evidence_excerpt":"In connection with the execution of the New Credit Agreement and the New Security Agreement, the Prior Credit Agreement, the Prior Security Agreement, and other documents related to the Prior Credit Facility were terminated, all outstanding payment obligations under the Prior Credit Agreement were repaid in full, and all associated liens, including the mortgage recorded against the Company's Brookings, South Dakota real property, and other obligations of the Company under the Prior Credit Facility were released, except for the following obligations, each of which will survive the termination of the Prior Credit Agreement and related loan d","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001628280-25-055114","anchor_url":"https://secwatch.observer/filing/0001628280-25-055114#claim-abaa0d5b0c40d12c7eb563327d03e6221df4709b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000162828025055114/0001628280-25-055114-index.htm"},{"fact_type":"material_agreement","fact_key":"da47aeadea2c20893fab24f58d141744dc442f67","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-12-03T23:59:59+00:00","payload":{"action":"entry","agreement_name":"New Credit Agreement","agreement_type":"credit_facility","counterparty":"JPMorgan Chase Bank, N.A.","effective_date":"2025-11-26","item_codes_triggered":["1.01"],"value_text":"$60 million revolving credit facility and $11.5 million term loan, maximum quarterly Total Leverage"},"claim":"DAKTRONICS INC /SD/ entered into New Credit Agreement with JPMorgan Chase Bank, N.A. valued at $60 million revolving credit facility and $11.5 million term loan, maximum quarterly Total Leverage (effective 2025-11-26).","evidence_excerpt":"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 ”), the Lenders (as defined in the Prior Credit Agreement), and the other Loan Parties (as defined in the Prior Credit Agreement) with a new revolving credit facility (the “ New Credit Facility ”) pursuant to a Credit Agreement (the “ New Credit Agreement ”), dated as of the Closing Date, between and among the Company, the Administrative Agent, the Lenders (as defined in the New Credit Agreement), and the other Loan Parties (as defined in the New Credit Agreement).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001628280-25-055114","anchor_url":"https://secwatch.observer/filing/0001628280-25-055114#claim-da47aeadea2c20893fab24f58d141744dc442f67","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000162828025055114/0001628280-25-055114-index.htm"},{"fact_type":"executive_change","fact_key":"31a5539212","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-03-05T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-05","interim":false,"role":"independent Chair of the Board","role_category":"chair","successor_name":null,"successor_named":false},"claim":"Andrew Siegel was appointed as independent Chair of the Board at DAKTRONICS INC /SD/.","evidence_excerpt":"Andrew Siegel, who currently serves as Lead Independent Director of the Board, has been appointed to fill the role of independent Chair of the Board, effective as of the close of business March 5, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-047361","anchor_url":"https://secwatch.observer/filing/0001193125-25-047361#claim-31a5539212","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000119312525047361/0001193125-25-047361-index.htm"},{"fact_type":"executive_change","fact_key":"a099385126","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-03-05T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-05","interim":true,"role":"interim President and Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Brad Wiemann was appointed as interim President and Chief Executive Officer at DAKTRONICS INC /SD/.","evidence_excerpt":"the Board appointed Brad Wiemann as interim President and Chief Executive Officer of the Company, effective as of the close of business March 5, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-047361","anchor_url":"https://secwatch.observer/filing/0001193125-25-047361#claim-a099385126","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000119312525047361/0001193125-25-047361-index.htm"},{"fact_type":"executive_change","fact_key":"6e6edb0e1f","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-03-05T23:59:59+00:00","payload":{"action":"no longer serve as","action_category":"departure","departure_tone":"routine","effective_date":"2025-03-05","interim":false,"role":"Chairman of the Board","role_category":"chair","successor_name":"Andrew Siegel","successor_named":true},"claim":"Reece Kurtenbach departed as Chairman of the Board at DAKTRONICS INC /SD/.","evidence_excerpt":"Mr. Kurtenbach will no longer serve as Chairman of the Board and Andrew Siegel, who currently serves as Lead Independent Director of the Board, has been appointed to fill the role of independent Chair of the Board, effective as of the close of business March 5, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-047361","anchor_url":"https://secwatch.observer/filing/0001193125-25-047361#claim-6e6edb0e1f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000119312525047361/0001193125-25-047361-index.htm"},{"fact_type":"executive_change","fact_key":"cb0b8528e9","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-03-05T23:59:59+00:00","payload":{"action":"ceased to serve","action_category":"departure","departure_tone":"routine","effective_date":"2025-03-05","interim":true,"role":"President and Chief Executive Officer","role_category":"ceo","successor_name":"Brad Wiemann","successor_named":true},"claim":"Reece Kurtenbach departed as President and Chief Executive Officer at DAKTRONICS INC /SD/.","evidence_excerpt":"Reece Kurtenbach will cease to serve as the President and Chief Executive Officer of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-047361","anchor_url":"https://secwatch.observer/filing/0001193125-25-047361#claim-cb0b8528e9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000119312525047361/0001193125-25-047361-index.htm"},{"fact_type":"governance_change","fact_key":"7882fc7fd57909be8e3908319293843e631e0ff8","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-03-03T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2025-03-03","item_codes_triggered":["5.03"],"summary_text":"Amended bylaws to require a Lead Independent Director if the Board Chair is not an independent director."},"claim":"DAKTRONICS INC /SD/: Amended bylaws to require a Lead Independent Director if the Board Chair is not an independent director (effective 2025-03-03).","evidence_excerpt":"The Amended Bylaws codify the Company’s existing practice, as contemplated by the Company’s Board of Directors Corporate Governance Guidelines, by amending the Bylaws to require the directors to select a Lead Independent Director in the event that the Chairperson of the Board is not an Independent Director.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-25-044301","anchor_url":"https://secwatch.observer/filing/0001193125-25-044301#claim-7882fc7fd57909be8e3908319293843e631e0ff8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000119312525044301/0001193125-25-044301-index.htm"},{"fact_type":"executive_change","fact_key":"802ca8e1ac","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2025-03-03T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-05","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Peter Feigin was appointed as Director at DAKTRONICS INC /SD/.","evidence_excerpt":"On March 3, 2025, the Board appointed Peter Feigin to serve as a member of the Board, effective March 5, 2025, with a term expiring at the 2027 Annual Meeting.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-044301","anchor_url":"https://secwatch.observer/filing/0001193125-25-044301#claim-802ca8e1ac","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000119312525044301/0001193125-25-044301-index.htm"},{"fact_type":"earnings_release","fact_key":"25b8d0bc630800cb97360e4ccc48011c0e82adad","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2024-02-28T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"unknown","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"three and nine months ended January 27, 2024","report_date":"2024-02-28","result_type":"reported_results","revenue_text":"$170.3 million"},"claim":"DAKTRONICS INC /SD/ reported three and nine months ended January 27, 2024 results: revenue $170.3 million.","evidence_excerpt":"Q3 FY2024 financial highlights: • Year-to-date product and service orders were $534.4 million (1) , an increase of 6.6 percent as compared to $501.4 million in the same period of fiscal 2023; during the third quarter of fiscal 2024, new product and service orders were $192.1 million, a 29.4 percent increase from $148.4 million in the year-earlier period • Sales of $170.3 million, a 7.9 percent decrease from the third quarter of fiscal 2023; the year-ago period's record revenue was driven by high backorder fulfillment as a result of recovery from pandemic-related supply chain challenges and labor availability","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-24-000003","anchor_url":"https://secwatch.observer/filing/0000915779-24-000003#claim-25b8d0bc630800cb97360e4ccc48011c0e82adad","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577924000003/0000915779-24-000003-index.htm"},{"fact_type":"earnings_release","fact_key":"d1cea3a1c346d1c0bf3e6c156936d4cc716ae76c","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-12-05T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fiscal 2024 second quarter which ended October 28, 2023","report_date":"2023-12-05","result_type":"reported_results","revenue_text":"$199.4 million"},"claim":"DAKTRONICS INC /SD/ reported fiscal 2024 second quarter which ended October 28, 2023 results: revenue $199.4 million.","evidence_excerpt":"Daktronics, Inc. (NASDAQ - DAKT) today reported results for its fiscal 2024 second quarter which ended October 28, 2023. Q2 FY2024 financial highlights: • Sales of $199.4 million, a 6.4 percent increase from the second quarter of fiscal 2023","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-23-000131","anchor_url":"https://secwatch.observer/filing/0000915779-23-000131#claim-d1cea3a1c346d1c0bf3e6c156936d4cc716ae76c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000131/0000915779-23-000131-index.htm"},{"fact_type":"shareholder_vote","fact_key":"9a45db9d6e9d47ee6b508ef7980e6a4f92844bcc","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-09-08T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-09-06","outcome":"passed","proposal_text":"Advisory (non-binding) ratification of amendments to Company's bylaws","proposal_type":"say_on_pay","results":[{"broker_non_votes":"9,240,741","subject":null,"votes_abstain":"170,352","votes_against":"1,510,065","votes_for":"27,083,257","votes_withheld":null}]},"claim":"DAKTRONICS INC /SD/ shareholders approved Advisory (non-binding) ratification of amendments to Company's bylaws at the 2023-09-06 meeting.","evidence_excerpt":"Proposal 4. Advisory (non-binding) ratification of amendments to Company's bylaws . The shareholders approved the ratification of the Company's bylaws as described in its proxy statement for the 2023 Annual Meeting by the following advisory vote: Number of Shares Voted For Against Abstain Broker Non-Votes 27,083,257 1,510,065 170,352 9,240,741","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000915779-23-000088","anchor_url":"https://secwatch.observer/filing/0000915779-23-000088#claim-9a45db9d6e9d47ee6b508ef7980e6a4f92844bcc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000088/0000915779-23-000088-index.htm"},{"fact_type":"shareholder_vote","fact_key":"591dfca7e0ffc39ad6924a9f390e366dd1e9e59a","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-09-08T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-09-06","outcome":"passed","proposal_text":"Ratification of Appointment of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"—","subject":null,"votes_abstain":"67,813","votes_against":"224,000","votes_for":"37,712,602","votes_withheld":null}]},"claim":"DAKTRONICS INC /SD/ shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-09-06 meeting.","evidence_excerpt":"Proposal 3. Ratification of Appointment of Independent Registered Public Accounting Firm. The appointment of Deloitte & Touche, LLP as the Company's independent registered public accounting firm for fiscal 2024 was ratified by the following vote: Number of Shares Voted For Against Abstain Broker Non-Votes 37,712,602 224,000 67,813 —","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000915779-23-000088","anchor_url":"https://secwatch.observer/filing/0000915779-23-000088#claim-591dfca7e0ffc39ad6924a9f390e366dd1e9e59a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000088/0000915779-23-000088-index.htm"},{"fact_type":"shareholder_vote","fact_key":"b7747eacd5e1e027fd3f10bedd829c54df36492c","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-09-08T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-09-06","outcome":"passed","proposal_text":"Advisory (non-binding) approval of the Company's executive compensation","proposal_type":"say_on_pay","results":[{"broker_non_votes":"9,240,741","subject":null,"votes_abstain":"1,125,344","votes_against":"1,447,699","votes_for":"26,190,632","votes_withheld":null}]},"claim":"DAKTRONICS INC /SD/ shareholders approved Advisory (non-binding) approval of the Company's executive compensation at the 2023-09-06 meeting.","evidence_excerpt":"Proposal 2. Advisory (non-binding) approval of the Company's executive compensation. The shareholders approved the compensation of the Company's executive officers as described in its proxy statement for the 2023 Annual Meeting by the following advisory vote: Number of Shares Voted For Against Abstain Broker Non-Votes 26,190,632 1,447,699 1,125,344 9,240,741","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000915779-23-000088","anchor_url":"https://secwatch.observer/filing/0000915779-23-000088#claim-b7747eacd5e1e027fd3f10bedd829c54df36492c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000088/0000915779-23-000088-index.htm"},{"fact_type":"shareholder_vote","fact_key":"1e647615c1bcdfdd01afddc1ad2d52b5911398ca","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-09-08T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-09-06","outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":"9,240,741","subject":"Lance D. Bultena","votes_abstain":null,"votes_against":null,"votes_for":"26,232,220","votes_withheld":"2,531,455"},{"broker_non_votes":"9,240,741","subject":"Dr. José-Marie Griffiths","votes_abstain":null,"votes_against":null,"votes_for":"27,835,664","votes_withheld":"928,011"},{"broker_non_votes":"9,240,741","subject":"Howard I. Atkins","votes_abstain":null,"votes_against":null,"votes_for":"28,070,526","votes_withheld":"693,149"}]},"claim":"DAKTRONICS INC /SD/ shareholders approved Election of Directors at the 2023-09-06 meeting.","evidence_excerpt":"Proposal 1. Election of Directors. The following individuals were elected as directors by the following vote, Mr. Bultena and Ms. Griffiths to serve a three-year term that expires on the date of the Annual Meeting of Shareholders in 2026 or until his or her successor is duly elected and Mr. Atkins to serve a two-year term that expires on the date of the Annual Meeting of Shareholders in 2025 or until his successor is duly elected: Number of Shares Voted Director Nominee For Withheld Broker Non-Votes Lance D. Bultena 26,232,220 2,531,455 9,240,741 Dr. José-Marie Griffiths 27,835,664 928,011 9,240,741 Howard I. Atkins 28,070,526 693,149 9,240,741","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000915779-23-000088","anchor_url":"https://secwatch.observer/filing/0000915779-23-000088#claim-1e647615c1bcdfdd01afddc1ad2d52b5911398ca","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000088/0000915779-23-000088-index.htm"},{"fact_type":"earnings_release","fact_key":"f14e2d2c1095bd910056143c46f7301e72502586","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-09-06T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fiscal 2024 first quarter which ended July 29, 2023","report_date":"2023-09-06","result_type":"reported_results","revenue_text":"$232.5 million"},"claim":"DAKTRONICS INC /SD/ reported fiscal 2024 first quarter which ended July 29, 2023 results: revenue $232.5 million.","evidence_excerpt":"Inc. (NASDAQ - DAKT) today reported results for its fiscal 2024 first quarter which ended July 29, 2023. Q1 FY2024 financial highlights: • Record first quarter net sales of $232.5 million, a 35.3 percent increase from the first quarter of fiscal 2023 • Gross profit as a percentage of net sales of 30.6 percent as a result of record sales volume, stable operations","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000915779-23-000080","anchor_url":"https://secwatch.observer/filing/0000915779-23-000080#claim-f14e2d2c1095bd910056143c46f7301e72502586","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000080/0000915779-23-000080-index.htm"},{"fact_type":"earnings_release","fact_key":"85f1e072dc30bdb7d1fcf596d0b813f163ca7d5f","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-07-12T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fourth quarter of fiscal 2023","report_date":"2023-07-12","result_type":"reported_results","revenue_text":"$209.9 million"},"claim":"DAKTRONICS INC /SD/ reported the fourth quarter of fiscal 2023 results: revenue $209.9 million.","evidence_excerpt":"Record sales of $754.2 million for the 2023 fiscal year and $209.9 million for the fourth quarter, up 23.4 percent and 29.4 percent compared to the 2022 fiscal year and fourth quarter, respectively","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000915779-23-000039","anchor_url":"https://secwatch.observer/filing/0000915779-23-000039#claim-85f1e072dc30bdb7d1fcf596d0b813f163ca7d5f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000039/0000915779-23-000039-index.htm"},{"fact_type":"earnings_release","fact_key":"acb42793972e207f9540f7979d14402ae594fa37","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC 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respectively","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000915779-23-000039","anchor_url":"https://secwatch.observer/filing/0000915779-23-000039#claim-acb42793972e207f9540f7979d14402ae594fa37","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000039/0000915779-23-000039-index.htm"},{"fact_type":"material_agreement","fact_key":"9944d3cb65d40dfc84343c4eab6c57d8bdfe158e","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-07-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Mortgage – One Hundred Eighty Day Redemption, Mortgage – Collateral Real Estate Mortgage (with Future Advance Clause) – One Hundred Eighty Day Redemption, and Assignment of Leases and Rents, Security Agreement and Fixture Filing","agreement_type":"credit_facility","counterparty":"JPMorgan Chase Bank, N.A.","effective_date":"2023-07-07","item_codes_triggered":["1.01"],"value_text":"$15 million"},"claim":"DAKTRONICS INC /SD/ entered into Mortgage – One Hundred Eighty Day Redemption, Mortgage – Collateral Real Estate Mortgage (with Future Advance Clause) – One Hundred Eighty Day Redemption, and Assignment of Leases and Rents, Security Agreement and Fixture Filing with JPMorgan Chase Bank, N.A. valued at $15 million (effective 2023-07-07).","evidence_excerpt":"Effective on July 7 , 2023, the Company and JPMorgan Chase closed on the Delayed Draw Term Loan in the original principal amount of $15 million and entered into the Mortgage – One Hundred Eighty Day Redemption, Mortgage – Collateral Real Estate Mortgage (with Future Advance Clause) – One Hundred Eighty Day Redemption, and Assignment of Leases and Rents, Security Agreement and Fixture Filing (the “Mortgage”) and other customary ancillary closing 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Notes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-23-000029","anchor_url":"https://secwatch.observer/filing/0000915779-23-000029#claim-89b90af42109f50a29232f896b730f719719880f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000029/0000915779-23-000029-index.htm"},{"fact_type":"material_agreement","fact_key":"5789aa504fa0499067177aed5cb2c50e767eb104","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-05-12T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Credit Agreement","agreement_type":"credit_facility","counterparty":"JPMorgan Chase Bank, N.A.","effective_date":"2023-05-11","item_codes_triggered":["1.01"],"value_text":"$60 million senior secured asset-based revolving credit facility"},"claim":"DAKTRONICS INC /SD/ entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $60 million senior secured asset-based revolving credit facility (effective 2023-05-11).","evidence_excerpt":"On May 11, 2023, Daktronics, Inc. (the “Company”) entered into the Credit Agreement (the “Credit Agreement”) by and among (among others) the Company and, together with each other Person joined to the Credit Agreement as a borrower from time to time, each a \"Borrower\" and collectively the \"Borrowers”; the other Loan Parties to the Credit Agreement; the Lenders party to the Credit Agreement; and JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders (the “Administrative Agent”). The Credit Agreement provides for a $60 million senior secured asset-based revolving credit facility (the “ABL Facility”)","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-23-000029","anchor_url":"https://secwatch.observer/filing/0000915779-23-000029#claim-5789aa504fa0499067177aed5cb2c50e767eb104","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000029/0000915779-23-000029-index.htm"},{"fact_type":"material_agreement","fact_key":"b9d651e9a7c5bf582bf0730de58c235380d1de0d","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-03-20T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Standstill and Voting Agreement","agreement_type":"other","counterparty":"Alta Fox Capital Management, LLC and Connor Haley","effective_date":"2023-03-19","item_codes_triggered":["1.01"],"value_text":null},"claim":"DAKTRONICS INC /SD/ entered into Standstill and Voting Agreement with Alta Fox Capital Management, LLC and Connor Haley (effective 2023-03-19).","evidence_excerpt":"On March 19, 2023, Daktronics, Inc. (the “Company”) entered into a Standstill and Voting Agreement (the “Agreement”) with Alta Fox Capital Management, LLC (the “Investor”) and Connor Haley (each, with its or his respective affiliates and associates, an “Investor Party,” and collectively, the “Investor Parties”) in connection with ongoing negotiations between the Company and the Investor Parties regarding a potential financing transaction.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-23-000022","anchor_url":"https://secwatch.observer/filing/0000915779-23-000022#claim-b9d651e9a7c5bf582bf0730de58c235380d1de0d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000022/0000915779-23-000022-index.htm"},{"fact_type":"earnings_release","fact_key":"888a8ed47ebeb658c204f6b4760074bbc6da4c1c","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-03-08T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the three months ended January 28, 2023","report_date":"2023-03-08","result_type":"reported_results","revenue_text":"$185.0 million"},"claim":"DAKTRONICS INC /SD/ reported the three months ended January 28, 2023 results: revenue $185.0 million.","evidence_excerpt":"Daktronics, Inc. (NASDAQ - DAKT) today reported results for its fiscal 2023 third quarter which ended January 28, 2023. Q3 FY2023 financial highlights: • Record third quarter net sales of $185.0 million","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000915779-23-000015","anchor_url":"https://secwatch.observer/filing/0000915779-23-000015#claim-888a8ed47ebeb658c204f6b4760074bbc6da4c1c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000015/0000915779-23-000015-index.htm"},{"fact_type":"governance_change","fact_key":"e40621c4b669d10ad2838fc4d41e6c6b0ddff5de","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-01-30T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2023-01-29","item_codes_triggered":["5.03"],"summary_text":"Amended and restated bylaws to modernize and clarify, adding provisions for special meetings and updating director nomination procedures including compliance with universal proxy card rules."},"claim":"DAKTRONICS INC /SD/: Amended and restated bylaws to modernize and clarify, adding provisions for special meetings and updating director nomination procedures including compliance with universal proxy card rules (effective 2023-01-29).","evidence_excerpt":"On January 29, 2023, the Board of Directors of Daktronics, Inc. (the “Company”) approved the Company’s Amended and Restated Bylaws (as so amended, the “Bylaws”), effective as of such date. The amendments to the Bylaws modernize and clarify the Company’s Bylaws by adding conventional provisions to ensure orderly shareholder meetings.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-23-000007","anchor_url":"https://secwatch.observer/filing/0000915779-23-000007#claim-e40621c4b669d10ad2838fc4d41e6c6b0ddff5de","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000007/0000915779-23-000007-index.htm"},{"fact_type":"material_agreement","fact_key":"fe7a44bdb771bb6a0a150c4b5d3f610a1e74ce30","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-01-25T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Seventh Amendment","agreement_type":"credit_facility","counterparty":"U.S. Bank National Association","effective_date":"2023-01-23","item_codes_triggered":["1.01"],"value_text":"$45 million"},"claim":"DAKTRONICS INC /SD/ amended Seventh Amendment with U.S. Bank National Association valued at $45 million (effective 2023-01-23).","evidence_excerpt":"Effective on January 23, 2023, Daktronics, Inc. (the \"Company\") entered into the Seventh Amendment (the \"Amendment\") to the Credit Agreement dated as of November 16, 2016, as amended (the “Credit Agreement”) with U.S. Bank National Association (the “Bank”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-23-000003","anchor_url":"https://secwatch.observer/filing/0000915779-23-000003#claim-fe7a44bdb771bb6a0a150c4b5d3f610a1e74ce30","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000003/0000915779-23-000003-index.htm"},{"fact_type":"material_agreement","fact_key":"53828e18bff2d6978b8cb5723e71da1a182d4a3a","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2022-12-13T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Sixth Amendment","agreement_type":"credit_facility","counterparty":"U.S. Bank National Association","effective_date":"2022-12-09","item_codes_triggered":["1.01"],"value_text":null},"claim":"DAKTRONICS INC /SD/ amended Sixth Amendment with U.S. Bank National Association (effective 2022-12-09).","evidence_excerpt":"Effective on December 9, 2022, Daktronics, Inc. (the \"Company\") entered into the Sixth Amendment (the \"Amendment\") to the Credit Agreement dated as of November 16, 2016, as amended (the “Credit Facility”) with U.S. Bank National Association (the “Bank”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-22-000115","anchor_url":"https://secwatch.observer/filing/0000915779-22-000115#claim-53828e18bff2d6978b8cb5723e71da1a182d4a3a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577922000115/0000915779-22-000115-index.htm"},{"fact_type":"earnings_release","fact_key":"69eb10516b7f3f9bbbbb25d2f919faf953a3860a","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2022-12-12T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fiscal 2023 second quarter ended October 29, 2022","report_date":"2022-12-12","result_type":"reported_results","revenue_text":"$187.4 million"},"claim":"DAKTRONICS INC /SD/ reported fiscal 2023 second quarter ended October 29, 2022 results: revenue $187.4 million.","evidence_excerpt":"Daktronics, Inc. (NASDAQ - DAKT) today reported results for fiscal 2023 second quarter which ended October 29, 2022 and provided details on the initiatives underway to improve liquidity and cash generation as the company emerges from pandemic-related conditions that led to historic inventory buildup. Q2 FY2023 financial highlights: • Net sales of $187.4 million, a 14.0 percent and 9.0 percent increase from the second quarter of fiscal 2022 and the first quarter of fiscal 2023, respectively","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-22-000105","anchor_url":"https://secwatch.observer/filing/0000915779-22-000105#claim-69eb10516b7f3f9bbbbb25d2f919faf953a3860a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577922000105/0000915779-22-000105-index.htm"},{"fact_type":"executive_change","fact_key":"844b839ddd","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2022-12-12T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-12-07","interim":false,"role":"director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Howard I. Atkins was appointed as director at DAKTRONICS INC /SD/.","evidence_excerpt":"On December 7, 2022, the Board of Directors of Daktronics, Inc. (the \"Company\") expanded the size of the Board to eight members and appointed Howard I. 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The Amendment temporarily increases the revolving commitment amount from $35.0 million to $45.0 million until January 31, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000915779-22-000092","anchor_url":"https://secwatch.observer/filing/0000915779-22-000092#claim-29bc59602cbe08d28d0c8dee8287877c52b0165f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577922000092/0000915779-22-000092-index.htm"},{"fact_type":"executive_change","fact_key":"12df3eb43c","cik":915779,"ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","filed_at":"2022-07-29T23:59:59+00:00","payload":{"action":"retiring","action_category":"departure","departure_tone":"retirement","effective_date":"2022-09-07","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"James Morgan departed as Director at DAKTRONICS INC /SD/.","evidence_excerpt":"On July 28, 2022, the Board of Directors of Daktronics Inc. received notice that James Morgan is retiring from the Board of Directors effective September 7, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000915779-22-000013","anchor_url":"https://secwatch.observer/filing/0000915779-22-000013#claim-12df3eb43c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577922000013/0000915779-22-000013-index.htm"}]}