DAKTRONICS INC /SD/

Daktronics, Inc. announced the retirement of Bradley T. Wiemann, Executive Vice President – Advisor to the CEO, effective September 5, 2026. Mr. Wiemann served the company for over 34 years in various leadership roles, including Interim President and Interim Chief Executive Officer. His retirement is in accordance with a previously disclosed termination agreement. The company expressed gratitude for his contributions.

Daktronics, Inc. announced its Annual Meeting of Stockholders to be held on September 16, 2026, in Brookings, South Dakota. Stockholders will vote on the election of two directors, an advisory resolution on executive compensation, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm. The record date for voting is July 20, 2026, with 48,305,826 shares outstanding. The Board unanimously recommends voting "FOR" all proposals.

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.

Daktronics filed its annual 10-K report for the fiscal year ended May 2, 2026, detailing its business operations, product offerings, and financial condition. The company reported a product order backlog of $356.2 million as of May 2, 2026, an increase from $341.6 million in the prior year. The report also highlighted its global workforce of 2,693 employees and manufacturing presence in the US, China, and Ireland, with a new facility planned for Mexico in fiscal 2027.

Daktronics announced record net sales of $838.7 million and record orders of $860.8 million for fiscal year 2026. Fourth-quarter sales increased 20.9% to $208.6 million, with Q4 GAAP EPS of $0.17 and adjusted EPS of $0.27. The company's Board also authorized an increase of $40.0 million to its existing stock repurchase program, reflecting strong financial performance and capital allocation strategy.

Daktronics reported record net sales of $838.7 million and record orders of $860.8 million for fiscal year 2026. The company achieved a full-year EPS of $0.92, a significant turnaround from a loss in the prior year, and adjusted EPS of $1.05. Q4 2026 also showed strong performance with sales up 20.9% and adjusted EPS increasing 50% year-over-year, driven by operational efficiencies and strategic initiatives. The company enters fiscal 2027 with a solid product backlog and is tracking towards its fiscal 2028 targets.

Daktronics, Inc. announced it will release its fourth-quarter and fiscal 2026 financial results on Wednesday, June 24, 2026, before the market opens. CEO Ramesh Jayaraman and Acting CFO Howard Atkins will host a conference call and webcast at 10:00 a.m. CT on the same day. Interested participants are required to pre-register to access the live call, and presentation materials will be available on the company's Investor Relations website.

Daktronics announced that CEO and President Ramesh Jayaraman, along with Acting CFO Howard Atkins, will participate in the 16th Annual Roth Conference. The event, scheduled for June 16-18, 2026, in London, UK, will include one-on-one meetings with investors.

Daktronics Inc. has extended its Consulting Agreement with Carla Gatzke, a former named executive officer, through August 28, 2026. The amendment, effective May 1, 2026, reduces the scope of services to project-specific advisory and lowers the monthly consulting fee from $30,000 to $7,500. All other terms and conditions of the original agreement remain in effect.

Daktronics Inc. announced that its Chief Executive Officer and President, Ramesh Jayaraman, along with Acting Chief Financial Officer Howard Atkins, will attend the 23rd Annual Institutional Investor Conference. The conference is scheduled for May 28, 2026, in Minneapolis, MN, where they are slated to conduct one-on-one meetings with investors.