Daktronics updates performance share unit agreement
Daktronics, Inc. filed an Amendment No. 1 to a prior Form 8-K to correct an administrative error in a previously filed executive compensation document.
Rhea-AI Filing Summary
Daktronics, Inc. filed an Amendment No. 1 to a prior Form 8-K to correct an administrative error in a previously filed executive compensation document. The company had earlier disclosed a form of performance-based restricted stock unit agreement for named executive officers under its 2020 Stock Incentive Plan, but the version filed as Exhibit 10.1 mistakenly included a superseded Exhibit B with terms that did not match those adopted by the Compensation Committee on July 28, 2025.
This amendment replaces that exhibit with the final, approved Form PSU Agreement, including the correct Exhibit B, as the new Exhibit 10.1. All other items from the original Form 8-K remain unchanged, except for the updated Item 9.01 exhibit list, which now also references a Termination Agreement with Bradley T. Wiemann and the cover page Inline XBRL data file.
Positive
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8-K Event Classification
Item 9.01 — Financial Statements and Exhibits
1 item
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the purpose of Daktronics (DAKT) this Form 8-K/A amendment?
The amendment corrects an administrative error in a previously filed performance-based restricted stock unit agreement by replacing a superseded Exhibit B with the final, approved version.
What specific document did Daktronics update in this 8-K/A filing?
Daktronics updated Exhibit 10.1, the form of performance share unit grant notice and related agreement, to include the final and approved Exhibit B adopted by the Compensation Committee.
Does this Daktronics 8-K/A change any items other than the exhibits?
No. The company states that all items of the original Form 8-K, other than Item 9.01 relating to exhibits, remain unaffected and are not amended.
Which exhibits are listed in Daktronics’ amended Item 9.01?
Amended Item 9.01 lists Exhibit 10.1 (Form of Performance Share Unit Grant Notice), Exhibit 10.2 (Termination Agreement with Bradley T. Wiemann, incorporated by reference), and Exhibit 104 (cover page Inline XBRL data file).
What is the Termination Agreement referenced in the Daktronics 8-K/A?
The filing references a Termination Agreement dated August 1, 2025 between Bradley T. Wiemann and Daktronics, Inc. as Exhibit 10.2, incorporated by reference from a separate company filing.
Who signed the Daktronics 8-K/A amendment and in what capacity?
The amendment was signed on behalf of Daktronics, Inc. by Howard I. Atkins, serving as Acting Chief Financial Officer and as the company’s principal financial and principal accounting officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 28, 2025
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Explanatory Note
On August 1, 2025, Daktronics, Inc., a Delaware corporation (the “Company”), filed a Current Report on Form 8-K (the “Original Form 8-K”) with the Securities and Exchange Commission (the “SEC”), which disclosed, among other things, a form of performance-based restricted stock unit agreement (the “Form PSU Agreement”) for the use in granting awards to certain of the Company’s named executive officers pursuant to the Company’s executive compensation program for the 2026 fiscal year and the 2020 Daktronics, Inc. Stock Incentive Plan. As previously disclosed in the Original Form 8-K, the Form PSU Agreement was adopted by the Compensation Committee (the “Committee”) of the Board of Directors of the Company on July 28, 2025.
Due to an inadvertent administrative error, the version of the Form PSU Agreement that was filed as Exhibit 10.1 to the Original Form 8-K (the “Original Form PSU Agreement”) included a previous and superseded version of Exhibit B to the Form PSU Agreement that contains certain terms that are inconsistent with those adopted by the Committee. This Amendment No. 1 to the Original Form 8-K (the “Amendment”) is being filed solely to replace the Original Form PSU Agreement with a corrected version of the Form PSU Agreement, including the final and approved version of Exhibit B thereto, as Exhibit 10.1.
All Items of the Original Form 8-K other than Item 9.01 of the Original Form 8-K remain unaffected by this Amendment and are not amended or included herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||
10.1 | Form of Performance Share Unit Grant Notice | ||||
10.2 | Termination Agreement, dated August 1, 2025, by and between Bradley T. Wiemann and Daktronics, inc. (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K of the Company filed with the SEC on August 1, 2025). | ||||
| 104 | Cover page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
DAKTRONICS, INC. | ||||||||
| By: /s/ Howard I. Atkins | ||||||||
| Howard I. Atkins | ||||||||
Acting Chief Financial Officer | ||||||||
| (Principal Financial Officer and Principal Accounting Officer) | ||||||||
Date: September 5, 2025 | ||||||||