Daktronics settles with Alta Fox, appoints Peter Feigin to board, ends poison pill

DAKTRONICS INC /SD/

Appoints Peter Feigin (President of Milwaukee Bucks) to board, effective March 5, 2025, term through 2027 annual meeting.
Board expanded from eight to nine directors; Feigin joins Transformation Committee.
Rights Agreement terminated as of March 3, 2025—poison pill expires immediately.
Alta Fox withdraws litigation with prejudice, supports reincorporation to Delaware, and enters standstill until 2027.
Company commits to investor day by Dec 31, 2025; will solicit Alta Fox input on CFO search.

item 1.01 item 3.03 item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

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Appointed

Peter Feigin

Director

DAKT · DAKTRONICS INC /SD/

Effective: 2025-03-05
Filed: March 3, 2025, 6:59 PM ET

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.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Feigin was appointed as Director at DAKTRONICS INC /SD/.

Action: appointed
Role: Director

Exact text from the filing

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.

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

DAKTRONICS INC /SD/: Amended bylaws to require a Lead Independent Director if the Board Chair is not an independent director (effective 2025-03-03).

Change: bylaw amendment
Effective: 2025-03-03

Exact text from the filing

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.

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190 governance changes filed in the last 30 days. Browse all governance changes →

DAKTRONICS INC /SD/ filing history →

Source: SEC EDGAR

accession 0001193125-25-044301

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