---
schema_version: "secwatch.filing_event.v1"
accession: "0000915779-23-000022"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:24:14.056269+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Daktronics enters standstill & voting agreement with Alta Fox Capital through March 2024

## Summary
- Alta Fox and Connor Haley agree to vote shares as Board recommends on director elections and most proposals, unless ISS/Glass Lewis advise otherwise.
- Standstill prohibits proxy solicitation, acquiring >9.9% of common stock (>19.9% including converts), nominations, or public proposals.
- Agreement terminates on first anniversary, extended to after 2024 annual meeting if definitive financing documents are signed.
- Mutual non-disparagement clause restricts negative public statements by either party during the standstill period.

## SEC filing metadata
- accession: 0000915779-23-000022
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915779/000091577923000022/0000915779-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577923000022/dakt-20230319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-23-000022
- JSON: https://secwatch.observer/filing/0000915779-23-000022.json
- Plain text: https://secwatch.observer/filing/0000915779-23-000022.txt

## Key facts
- Material Agreements
  DAKTRONICS INC /SD/ entered into Standstill and Voting Agreement with Alta Fox Capital Management, LLC and Connor Haley (effective 2023-03-19).
  - Action: entry
  - Counterparty: Alta Fox Capital Management, LLC and Connor Haley
  - Effective: 2023-03-19
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577923000022/0000915779-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.