Daktronics amends bylaws to add special meeting procedures and update director nomination rules

DAKTRONICS INC /SD/

Board adopted Amended and Restated Bylaws effective January 29, 2023.
Amendments add detailed procedures for calling and holding special shareholder meetings.
Director nomination disclosure requirements updated to include compliance with SEC universal proxy card rules.
Bylaws apply to all shareholder meetings after January 29, 2023; advisory approval sought at next annual meeting.
Company states over 95% of Russell 3000 companies have similar advance notice provisions.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

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).

Change: bylaw amendment
Effective: 2023-01-29

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0000915779-23-000007

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