Every 8-K that Daktronics Inc (DAKT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DAKT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DAKT filings page.
DAKTRONICS INC (DAKT) reported a leadership change, stating that on September 5, 2026, Bradley T. Wiemann, Executive Vice President – Advisor to the CEO, retired from the company. The retirement occurred pursuant to an Amended and Restated Termination Agreement and General Release of Claims that had been entered into in connection with his retirement and previously disclosed on February 20, 2026.
Wiemann served Daktronics for more than 34 years in various leadership roles, including Interim President and Interim Chief Executive Officer. The company formally expressed appreciation for his long service and contributions and extended well wishes for his retirement.
Daktronics, Inc. (DAKT) reported strong fiscal 2027 first-quarter results for the quarter ended August 1, 2026, with net sales of $234.6 million, up 7.1% year over year despite one fewer week. Operating income rose to $24.9 million with a 10.6% operating margin, and diluted EPS increased 21.2% to $0.40, the highest in 12 quarters. Net income was $19.4 million and operating cash flow was $31.4 million, lifting cash and equivalents to $154.6 million. Product backlog was $311.3 million, remaining above $300 million for the sixth consecutive quarter.
Orders were $191.8 million, down 19.6% from a strong prior-year quarter, mainly due to timing of several large orders expected to book in Q2. The company repurchased 225.5 thousand shares for $4.4 million and the board terminated the prior buyback plan and authorized a new $34.5 million Fiscal 2027 repurchase program, described as roughly equivalent to remaining prior authorization. Daktronics also amended its credit agreement to permit transfers of certain non-material patents and increased CEO Ramesh Jayaraman’s annual base salary to $600,000 with a 100% cash incentive target.
Daktronics, Inc. approved a fiscal 2027 executive compensation program covering its President and Chief Executive Officer and three other named executive officers. The plan provides annual cash incentives tied 60% to operating income and 40% to revenue, with payouts from 50% to 150% of target plus a modifier that can adjust results by up to 20% based on individual performance.
Target annual bonuses equal 100% of base salary for CEO Ramesh Jayaraman, 55% for Sheila M. Anderson and Matthew J. Kurtenbach, and 50% for Brett D. Wendler. Long‑term incentives equal 200% of salary for the CEO and 60% for the others, delivered 65% in time‑based RSUs vesting over four years and 35% in PSUs tied to cumulative 2027‑2029 operating income and revenue. PSU payouts range from 25% to 150% of target and cliff vest after three years, subject to continued employment and certification of results.
Daktronics, Inc. reported a strong turnaround for fiscal 2026, highlighted by record net sales of $838.7 million, up 10.9%, and record orders of $860.8 million, up 10.2% from fiscal 2025. Fourth-quarter sales rose 20.9% to $208.6 million.
The company moved from a prior-year loss to full-year diluted EPS of $0.92, with adjusted EPS of $1.05. Operating margin improved to 7.3% for the year from 4.4%, supported by higher gross margins and relatively flat operating expenses. Year-end product backlog reached $356.2 million.
The board also expanded its stock repurchase program, raising the total authorization to $40.0 million. In fiscal 2026 Daktronics generated $49.2 million of operating cash flow, produced $34.9 million of free cash flow, and repurchased 1.4 million shares for $25.4 million while ending the year with $131.6 million in cash and $10.8 million of total debt.
Daktronics, Inc. reported that its board approved a First Amendment to a Consulting Agreement with former named executive officer Carla Gatzke, effective as of May 1, 2026. The amendment extends her consulting term through August 28, 2026, with services limited to project-specific advisory work requested by the company. During this extended term, her monthly consulting fee will be $7,500, compared with the original $30,000 per month that applied through April 30, 2026. All other terms of the original Consulting Agreement remain in effect, and the full amendment is filed as an exhibit.
Daktronics used its Investor Day to outline a multi-year growth and margin expansion plan. The company reported $803 million in net sales and a 5.6% operating margin for the period from Q4 FY2025 to Q3 FY2026, highlighting its scale in LED display solutions.
Management is targeting 7–10% annual revenue growth, an operating margin of 10–12%, and ROIC of 17–20% by FY2028. The strategy focuses on organic growth in core markets, expansion into new verticals and international regions, greater software and services revenue, and operational excellence through automation, lean manufacturing, and strategic sourcing.
Daktronics, Inc. reported a strong turnaround for fiscal Q3 2026, with net sales of $181.9 million, up 21.6% from $149.5 million a year earlier. New orders rose 7.6% to $201.1 million and product backlog reached $342.3 million, 25.3% higher than the prior year, supporting future revenue.
The company moved from an operating loss of $3.6 million to operating income of $1.9 million; adjusted operating income increased to $4.0 million from $1.2 million. Net results swung to a $3.0 million profit from a $17.2 million loss, with diluted earnings per share of $0.06 versus a $0.36 loss.
Gross margin held near prior-year levels while operating expenses rose modestly, including $2.1 million of management transition, advisory and acquisition-related costs. Daktronics ended the quarter with $144.4 million in cash and $11.1 million of debt, generated $54.3 million of operating cash flow in the first nine months, and repurchased 1.3 million shares for $22.8 million.
Daktronics, Inc. updated its arrangements with former Interim CEO Bradley T. Wiemann through an Amended and Restated Termination Agreement and General Release of Claims effective February 1, 2026.
Under the amended terms, Wiemann now serves as Executive Vice President – Advisor to the CEO on an at‑will basis through no later than September 5, 2026. In exchange for a release of claims, he will receive accelerated vesting and cash settlement of retention RSUs granted on March 5, 2025, with the cash value based on Daktronics’ Nasdaq closing price on February 2, 2026, plus an additional cash amount if needed so that the total RSU‑related payment is at least $300,000, paid in a lump sum.
Depending on when he retires or is terminated without cause, Wiemann may also receive 12 to 18 months of COBRA premium reimbursement and accelerated vesting of other unvested equity awards. He will not be eligible for future annual bonuses, new equity grants, or other severance benefits beyond those in this agreement.
Daktronics, Inc. is updating its leadership structure as Ramesh Jayaraman joins the Board of Directors effective February 1, 2026, with a term running until the 2027 annual meeting. He was previously appointed President and Chief Executive Officer under a November 25, 2025 letter agreement.
Interim President and CEO Bradley T. Wiemann will continue as an advisor to the new CEO for a transition period before retiring, with the end date to be determined. Former CEO Reece A. Kurtenbach will resign from the Board effective February 1, 2026 and will continue providing consulting services at a $30,000 monthly fee under an agreement now extended through May 2, 2026. The total number of directors remains unchanged.
Daktronics, Inc. announced that Carla S. Gatzke will cease serving as Corporate Secretary and Vice President of Human Resources effective January 31, 2026. The Board approved a Separation and Release Agreement that provides her with a severance payment of $674,250 paid in installments over roughly one year, accelerated vesting of all unvested stock options and time-vested restricted stock units, and prorated eligibility for certain performance share units based on actual performance. She may also receive up to 12 months of COBRA premium reimbursements if she elects continued health coverage.
The company states that these benefits are consistent with its Amended and Restated Employee Retention and Protection Plan. The Board also approved a separate Consulting Agreement under which Ms. Gatzke will advise the CEO on human resources, corporate secretarial, and community relations matters from January 31, 2026 through April 30, 2026, for a monthly fee of $30,000. Both agreements include confidentiality, non-competition, non-disparagement, and non-solicitation covenants.
Daktronics, Inc. announced two administrative updates. The company amended its cooperation agreement with Alta Fox to extend the deadline for holding an Investor Day from December 31, 2025 to May 2, 2026, aligning with its fiscal year end. As of October 24, 2025, Alta Fox owned approximately 4,430,799 shares of Daktronics common stock. All other terms of the original agreement remain in effect.
Separately, Daktronics amended the consulting agreement with director Reece A. Kurtenbach, extending the term from November 1, 2025 through January 31, 2026, with compensation of $30,000 per month during the extended term and pro‑rata payment if terminated for convenience mid‑month. All other terms of the original consulting agreement remain unchanged. The amendments were filed as Exhibits 10.1 and 10.2.
Daktronics, Inc. filed a current report to announce that it has released financial results for its fiscal first quarter of 2026, covering the period ended August 2, 2025. On September 10, 2025, the company issued a press release detailing its results of operations and financial condition for this quarter.
The press release is included as an exhibit to the report and is furnished rather than filed, meaning it is not automatically incorporated into other securities filings unless specifically referenced. The company’s common stock continues to trade on the Nasdaq Global Select Market under the symbol DAKT.
Daktronics, Inc. held its 2025 Annual Meeting on September 3, 2025. Of 49,120,799 outstanding shares entitled to vote, 44,925,567 shares (91.5%) were represented in person or by proxy, constituting a quorum. The company elected its slate of directors to three-year terms expiring in 2028 and reported that the proposed "2025 Plan" and additional shares for issuance thereunder were approved. A summary of the 2025 Plan appears in the company proxy statement and the full plan text is filed as Exhibit 10.1.
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.
Daktronics (NASDAQ:DAKT) filed an 8-K announcing significant changes to its executive compensation program and share repurchase authorization. The company introduced a new fiscal 2026 compensation structure featuring annual incentive awards based on revenue (30%), operating margin (50%), and individual performance (20%). The Board approved an additional $10 million for share repurchases, bringing total available authorization to $20 million. The filing also details an Amended Employee Retention and Protection Plan with enhanced severance benefits, including multipliers of 1.5x-2x base salary plus target bonus for qualifying terminations.
Long-term incentive awards were restructured to include both performance stock units (25%) and restricted stock units (75%), targeting 50% of base salary for covered executives.