Daktronics shareholders approve reincorporation to Delaware; effective April 17, 2025

DAKTRONICS INC /SD/

Shareholders approved reincorporation to Delaware with 99.3% vote (40,314,614 for, 254,327 against), effective April 17, 2025.
Corporate governance now under Delaware law; new certificate and bylaws eliminate cumulative voting and require majority voting in uncontested elections.
Proxy access adopted for qualifying long-term stockholders; all outstanding shares automatically converted to Delaware common stock.
Employee benefit plans and equity awards converted to Delaware equivalents on same terms; trading symbol DAKT unchanged.

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