{"schema_version":"secwatch.filing_event.v1","accession":"0000915779-24-000141","form_type":"8-K","ticker":"DAKT","cik":"0000915779","company_name":"DAKTRONICS INC /SD/","filed_at":"2024-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.376348+00:00","generated_at":"2026-05-30T03:11:06.939947+00:00","sec_items":["8.01","1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Daktronics converts $7M of $25M Alta Fox note to equity; plans share repurchases to offset dilution","bullets":["Initial $7M conversion of Alta Fox note yields ~1.1M shares at $6.31/share; conversion date Dec 3, 2024.","Remaining $18M note to be converted in $7M tranches every 30 days; note carries 9% interest, due May 2027.","Company expects to save ~$5.4M in future interest expense by converting the note to equity.","Daktronics plans to repurchase shares under existing authorization to offset dilution from conversion.","Alta Fox's 3% ownership cap prevents immediate issuance; shares delivered after certification of lower ownership."],"urls":{"canonical":"https://secwatch.observer/filing/0000915779-24-000141","json":"https://secwatch.observer/filing/0000915779-24-000141.json","markdown":"https://secwatch.observer/filing/0000915779-24-000141.md","text":"https://secwatch.observer/filing/0000915779-24-000141.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/915779/000091577924000141/0000915779-24-000141-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/915779/000091577924000141/dakt-20241108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T03:11:06.939947+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}