secwatch.observer — SEC 8-K summary
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Issuer:     DAKTRONICS INC /SD/ (DAKT)
CIK:        0000915779
Form:       8-K
Filed at:   2026-07-17T18:21:52+00:00
Accession:  0001628280-26-048619
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Daktronics approves fiscal 2027 executive compensation program with annual and long-term incentives
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- CEO Ramesh Jayaraman: annual incentive target 100% of base salary; long-term incentive target 200%.
- Annual incentive based 60% on operating income and 40% on revenue; payout range 50%-150% of target.
- Long-term incentive: 65% time-based RSUs (4-year vest) and 35% PSUs tied to cumulative 3-year operating income and revenue.
- PSU threshold payout 25% of target, maximum 150%; cliff vest after 3 years upon certification.
- Program applies to four named executives; excludes Acting CFO Howard Atkins and EVP Bradley Wiemann.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915779/000162828026048619/0001628280-26-048619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915779/000162828026048619/dakt-20260714.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-048619

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer