---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-140874"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2025-06-13T23:59:59+00:00"
generated_at: "2026-05-19T09:49:40.171666+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Daktronics amends credit agreement to allow extended letters of credit, pushes maturity to Nov 2026

## Summary
- Amendment No. 4 permits issuance of letters of credit expiring after original May 11, 2026 maturity.
- New Maturity Date set to earliest of Nov 30, 2026, 6 months before Term Loan Debt maturity, or earlier termination.
- Borrowers must deposit cash equal to 105% of LC exposure into collateral account no later than 91 days before Maturity Date.
- No borrowings outstanding under the Credit Agreement; aggregate LC balance approx $3.4M, none are Specified Letters of Credit.
- Delayed Draw Term Loans must be repaid in full by May 11, 2026.

## SEC filing metadata
- accession: 0001193125-25-140874
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2025-06-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915779/000119312525140874/0001193125-25-140874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000119312525140874/d42427d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-140874
- JSON: https://secwatch.observer/filing/0001193125-25-140874.json
- Plain text: https://secwatch.observer/filing/0001193125-25-140874.txt

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