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Daktronics Inc. chief data and analytics officer Sheila Mae Anderson exercised 4,653 Restricted Stock Units on March 5, 2026, receiving the same number of common shares at a price of $0.00 per share. Following this, 1,379 common shares were disposed of at $22.99 per share to cover tax obligations, a tax-withholding transaction rather than an open-market sale.
After these transactions, Anderson directly held 44,506.94 common shares and 20,724 Restricted Stock Units. She also indirectly held 8,522 common shares through a 401(k) plan. According to the footnote, these Restricted Stock Units vest in three substantially equal installments on the first, second, and third anniversaries of March 5, 2025, and become fully vested upon a qualifying Change in Control Termination, with vested shares delivered as soon as practicable after each vesting date.
Daktronics VP of Manufacturing Matthew John Kurtenbach exercised 4,606 Restricted Stock Units into common shares on March 5, 2026, at a stated price of $0.00 per share. To cover tax obligations, 1,365 common shares were disposed of at $22.99 per share. He now directly holds 338,505.7 common shares, plus additional indirect holdings through a child’s trust and UTMA custodial accounts. The RSUs vest in three equal installments on the first, second, and third anniversaries of March 5, 2025, and become fully vested upon a qualifying Change in Control Termination.
Daktronics reported a sharp turnaround in results for the quarter ended January 31, 2026. Quarterly net sales rose to $181.9 million from $149.5 million, and net income was $3.0 million, or $0.06 per diluted share, compared with a $17.2 million loss a year earlier.
For the first nine months, sales grew to $630.1 million and net income reached $37.0 million, or $0.75 per diluted share, aided by higher volumes in Commercial, Live Events, and High School & Recreation and slightly better gross margin. Product order backlog was $342.3 million, and cash and cash equivalents were $144.4 million.
The company established a new $71.5 million secured credit facility, largely undrawn, and continued its transformation program and capacity expansion, including a small $4.1 million acquisition of XDC’s display business and $22.8 million of share repurchases under an expanded $80 million authorization, while noting ongoing tariff and geopolitical cost pressures.
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 director Reece A. Kurtenbach reported receiving a gifted block of company stock. On January 30, 2026, he acquired 23,362 shares of Daktronics common stock in a transaction coded as a gift at a price of $0 per share.
The shares were received from a Grantor Retained Annuity Trust, with 11,681 shares carrying a cost basis of $1.27 per share and 11,681 shares at $0.02 per share. After this transaction, Kurtenbach directly beneficially owns 613,108 shares and indirectly beneficially owns another 17,400 shares held by his spouse.
Daktronics VP of Manufacturing Matthew J. Kurtenbach reported receiving a gift of 23,362 shares of Daktronics common stock. The shares were received from a Grantor Retained Annuity Trust, with 11,681 shares having a cost basis of $1.27 per share and 11,681 shares having a cost basis of $0.02 per share. After this transaction, he directly held 335,264.7 shares of common stock and also had indirect holdings of 5,000 shares through a trust and 21,000 shares as custodian for three Uniform Transfers to Minors Act accounts for his children. He disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Daktronics officer Carla S. Gatzke reported receiving a stock gift of 23,362 common shares. The Form 4 shows that on January 30, 2026, she received these shares at a stated price of $0 per share, coded as transaction type G (gift). After this transaction, she directly beneficially owned 794,549 Daktronics common shares and indirectly held 183,867 additional shares through a 401(k) plan. A footnote explains the gift came from a Grantor Retained Annuity Trust, with 11,681 of the gifted shares having a cost basis of $1.27 per share and the remaining 11,681 shares having a cost basis of $0.02 per share.
Daktronics officer Carla S. Gatzke, Secretary and VP of Human Resources, reported multiple equity transactions on January 31, 2026. She acquired 23,139 shares of common stock at $0 per share, bringing her directly held common stock to 771,187 shares.
Footnotes explain that, under a Separation and Release Agreement dated January 31, 2026, the vesting of several Restricted Stock Unit grants (including blocks of 500, 1,000, 738, 908, 12,561 and 7,432 units) was accelerated, with vested shares to be delivered as soon as practicable after vesting. She also held 183,867 common shares indirectly through a 401(k) plan as of that date, having acquired 491 shares in the plan between August 23, 2025 and January 31, 2026.
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.