secwatch.observer — SEC 8-K summary
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Issuer:     DAKTRONICS INC /SD/ (DAKT)
CIK:        0000915779
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0000915779-24-000072
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Daktronics amends credit agreement to allow quarterly borrowing base reporting when no revolver exposure
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- Amendment permits quarterly (rather than monthly) Borrowing Base Certificates while Aggregate Revolving Exposure is zero.
- No borrowings outstanding as of Aug 26, 2024; letters of credit outstanding ~$5.3M.
- Amendment also requires certificate delivery at least 5 business days before any borrowing if not already current.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915779/000091577924000072/0000915779-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915779/000091577924000072/dakt-20240826.htm
  HTML page:      https://secwatch.observer/filing/0000915779-24-000072

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