Corporate GovernanceJul 17, 2026, 02:31 PM
Daktronics Board Approves 2027 Executive Compensation Program
AI Summary
Daktronics' Board of Directors approved the 2027 executive compensation program for its Covered NEOs. The program includes annual cash incentive awards based on 60% operating income and 40% revenue, with payouts ranging from 50% to 150% of target and a 20% individual performance modifier. Additionally, long-term incentive awards comprise 65% time-based restricted stock units (RSUs) and 35% performance stock units (PSUs). PSUs are earned based on cumulative operating income (60%) and cumulative revenue (40%) for fiscal years 2027-2029, with payouts from 25% to 150% of target.
Key Highlights
- Board approved the 2027 executive compensation program for Covered NEOs.
- Annual incentives are based on 60% operating income and 40% revenue.
- CEO Ramesh Jayaraman's annual incentive target is 100% of base salary.
- CEO Ramesh Jayaraman's long-term incentive target is 200% of base salary.
- Long-term incentives consist of 65% time-based RSUs and 35% performance-based PSUs.
- PSUs are tied to 60% cumulative operating income and 40% cumulative revenue for FY2027-2029.
- Annual incentive payouts range from 50% to 150% of target, with a 20% individual modifier.
- PSU payouts range from 25% to 150% of target.
Price Impact
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