[S-8 POS] Daktronics Inc SEC Filing

Rhea-AI Filing Summary

Daktronics, Inc. (DAKT) filed a Post-Effective Amendment No. 1 to its 2007 Form S-8 to deregister 4,000,000 unsold shares that had been reserved for issuance under the now-terminated 2007 Stock Incentive Plan. The company confirms that no further securities will be issued from this plan and that all remaining shares on the original registration are hereby removed.

The filing is strictly administrative: it does not alter capital structure, financial statements, or existing equity plans outside the 2007 plan. Signature blocks show interim CEO Bradley T. Wiemann and Acting CFO Howard I. Atkins, among other directors, authorizing the amendment on 24 Jul 2025.

Insights

Securities Analyst

TL;DR: Deregistration of 4 M shares from a terminated plan; administrative, no balance-sheet impact.

This S-8 POS merely cleans up the shelf created in 2007. Because the plan is closed, Daktronics can avoid registration maintenance costs and reduce potential future dilution. There is no effect on outstanding share count, cash flow, or earnings. Investors should view it as neutral housekeeping rather than a signal on operating performance or capital strategy.

As filed with the Securities and Exchange Commission on July 24, 2025

Registration No. 333-

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

POST-EFFECTIVE AMENDMENT NO.1

TO

FORM S-8

REGISTRATION STATEMENT

Under

The Securities Act of 1933

_______________

Daktronics, Inc.

(Exact name of Registrant as specified in its charter)

_______________

Delaware (State or other jurisdiction of incorporation or organization)						46-0306862 (I.R.S. Employer Identification No.)
201 Daktronics Drive, Brookings, SD						57006
(Address of principal executive offices)						(Zip code)

_______________

Daktronics, Inc. 2007 Stock Incentive Plan

(Full title of the plan)

_______________

Howard I. Atkins
Daktronics, Inc
201 Daktronics Drive
Brookings, SD 57006
(Name and address of agent for service)

(605) 692-0200
(Telephone number, including area code, of agent for service)

_______________

Copies to:

Michele D. Vaillancourt

Winthrop & Weinstine, P.A.

225 South Sixth Street, Suite 3500

Minneapolis, MN 55402

(612) 604-6400

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o			Accelerated filer x
Non-accelerated filer o			Smaller reporting company o
			Emerging growth company o

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. o

EXPLANATORY NOTE

Daktronics, Inc. (the "Company") is filing this Post-Effective Amendment No. 1 to Registration Statement on Form S-8 (this "Amendment") solely to deregister 4,000,000 shares of the Company's common stock, par value $0.00001 (the "Shares"), which Shares were registered for offer or sale to participants under the Daktronics, Inc. 2007 Stock Incentive Plan (the "Plan") pursuant to a Registration Statement on Form S-8 (File No. 333-146768) filed with the Securities and Exchange Commission ("SEC") on October 17, 2007 (the "Form S-8"). The Plan has been terminated, and the Company will no longer issue the Shares or any other securities under the Plan.

In accordance with undertakings made by the Company in the Form S-8 to remove from registration, by means of a post-effective amendment, any of the securities which remain unsold at the termination of the offering, The Company hereby removes from the registration all of the Shares and any other securities of the Company that are registered but unsold or unissued under the Form S-8. Except as expressly stated herein, this Amendment does not otherwise have an effect on the Form S-8.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment No. 1 to Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Brookings, State of South Dakota, on July 24, 2025.

Daktronics, Inc.

By: /s/ Howard I. Atkins

Howard I. Atkins, Acting Chief Financial Officer

(Principal Financial Officer)

POWER OF ATTORNEY

Each person whose signature appears below hereby constitutes and appoints Howard I. Atkins and Carla S. Gatzke, each of whom may act individually, as such person’s true and lawful attorney-in-fact and agent with full power of substitution and resubstitution for such person and in such person’s name, place, and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this Amendment or the Form S-8, and to file the same, with all exhibits thereto and other documents in connection therewith, with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as such person might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Signature

Title

Date

/s/ Bradley T. Wiemann

Interim Chief Executive Officer

July 24, 2025

Bradley T. Wiemann

(Principal Executive Officer)

/s/ Howard I. Atkins

Acting Chief Financial Officer and Director

July 24, 2025

Howard I. Atkins

(Principal Financial Officer)

/s/ Kevin P. McDermott

Director

July 24, 2025

Kevin P. McDermott

/s/ John P. Friel

Director

July 24, 2025

John P. Friel

/s/ Shereta Williams

Director

July 24, 2025

Sherera Williams

/s/ Lance D. Bultena

Director

July 24, 2025

Lance D. Bultena

/s/ Dr. José-Marie Griffiths

Director

July 24, 2025

Dr. José-Marie Griffiths

/s/ Andrew Siegel

Director

July 24, 2025

Andrew Siegel

/s/ Peter Feigin

Director

July 24, 2025

Peter Feigin

/s/ Reece A. Kurtenbach

Director

July 24, 2025

Reece A. Kurtenbach

FAQ

Why did Daktronics (DAKT) file this S-8 POS amendment?

To deregister 4,000,000 shares that were never issued under the terminated 2007 Stock Incentive Plan.

Does the amendment change Daktronics' outstanding share count?

No. It removes only unused registered shares; outstanding shares remain the same.

Will Daktronics issue any more securities under the 2007 plan?

No. The plan has been formally terminated and no further issuances will occur.

Is there any financial impact from this filing?

The action is administrative; it does not affect revenue, earnings, or cash.

Who signed the amendment for Daktronics?

Interim CEO Bradley T. Wiemann and Acting CFO Howard I. Atkins signed on 24 Jul 2025.