1 unchanged sentence
10b5-1 Trading Arrangements
−Removed: During the three months ended August 2, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as such terms are defined in paragraphs (a) and (c), respectively, of Item 408 of Regulation S-K promulgated under the Securities Act.
−Removed: Fifth Amendment to Credit Agreement
−Removed: On September 4, 2025, the Company entered into an Amendment to Credit Agreement (the “Fifth Amendment”), effective as of December 1, 2024, by and among the Company, the Administrative Agent, the Lenders, and the other Loan Parties.
−Removed: Pursuant to the Fifth Amendment, the Credit Agreement was amended to, among other changes:
−Removed: (i) expressly permit the Company to make share repurchases during the period from December 2024 through December 2025 in an aggregate amount not to exceed $ 50,000 (the “Specified Share Repurchases”);
−Removed: and (ii) to exclude the Specified Share Repurchases from the definition of Restricted Payments (as defined in the Credit Agreement) for purposes of the calculation of the Company’s Fixed Charge Coverage Ratio (as defined in the Credit Agreement) under the Credit Agreement.
−Removed: The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fifth Amendment, a copy of which is filed as an exhibit to this Quarterly Report on Form 10-Q.
+Added: During the three months ended November 1, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as such terms are defined in paragraphs (a) and (c), respectively, of Item 408 of Regulation S-K promulgated under the Securities Act.
A list of exhibits filed as part of this Quarterly Report on Form 10-Q is set forth in the following Index to Exhibits.
4 unchanged sentences
001-38747 unless otherwise indicated.
−Removed: Plan of Conversion of Daktronics, Inc.
−Removed: dated as of April 17, 2025 (incorporated by reference to Exhibit 2.1 to our Current Report on Form 8-K filed with the SEC on April 18, 2025).
−Removed: Certificate of Conversion of Daktronics, Inc., dated as of April 17, 2025 (incorporated by reference to Exhibit 3.1 to our Current Report on Form 8-K filed with the SEC on April 18, 2025).
Certificate of Incorporation of Daktronics, Inc., dated as of April 17, 2025 (incorporated by reference to Exhibit 3.2 to our Current Report on Form 8-K filed with the SEC on April 18, 2025).
Bylaws of Daktronics, Inc., a Delaware Business Corporation Incorporated Under Delaware Law, dated as of April 17, 2025 (incorporated by reference to Exhibit 3.3 to our Current Report on Form 8-K filed with the SEC on April 18, 2025).
−Removed: Articles of Charter Surrender of Daktronics, Inc., dated as of April 17, 2025 (incorporated by reference to Exhibit 3.4 to our Current Report on Form 8-K filed with the SEC on April 18, 2025).
Consent and Amendment No.
−Removed: 4 to Credit Agreement effective as of June 6, 2025 by and among Daktronics, Inc., the Lenders party to the Credit Agreement, and JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders (Incorporated by reference to Exhibit 10.1 filed with the Current Report on Form 8-K of Daktronics, Inc.
−Removed: filed on June 13, 2025).
−Removed: Consent and Amendment No.
−Removed: 5 to Credit Agreement effective as of December 1, 2024 by and among Daktronics, Inc., the Lenders party to the Credit Agreement, and JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders.
+Added: 5 to Credit Agreement effective as of December 1, 2024 by and among Daktronics, Inc., the Lenders party to the Credit Agreement, and JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on September 10, 2025).
Daktronics Inc.
−Removed: Amended and Restated Employee Retention and Protection Plan, effective as of June 23, 2025 (Incorporated by reference to Exhibit 10.1 filed with the Current Report on Form 8-K of Daktronics, Inc.
−Removed: filed on June 25, 2025).
−Removed: Form of Participation Agreement pursuant to the Daktronics, Inc.
−Removed: Employee Retention and Protection Plan.
−Removed: Form of Performance Share Unit Grant Notice (Incorporated by reference to Exhibit 10.1 filed with the Current Report on Form 8-K/A of Daktronics, Inc.
−Removed: filed on September, 2025).
−Removed: Termination Agreement, dated August 1, 2025, by and between Bradley T.
−Removed: Wiemann and Daktronics, Inc.
−Removed: (Incorporated by reference to Exhibit 10.2 filed with the Current Report on Form 8-K of Daktronics, Inc.
−Removed: filed on August 1, 2025).
+Added: 2025 Stock Incentive Plan (incorporated by reference to Exhibit A to the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on August 14, 2025).
+Added: Form of Restricted Stock Award Agreement under the 2025 Plan.
+Added: Form of Non-Qualified Stock Option Agreement Terms and Conditions under the 2025 Plan.
+Added: Form of Incentive Stock Option Terms and Conditions under the 2025 Plan.
+Added: Form of Restricted Stock Unit Notice and Agreement under the 2025 Plan.
+Added: Form of Performance Stock Unit Notice and Agreement under the 2025 Plan.
+Added: First Amendment to Cooperation Agreement, dated as of October 24, 2025, by and between Daktronics, Inc.
+Added: and Alta Fox Capital Management, LLC, Alta Fox Opportunities Fund, LP, Alta Fox GenPar, LP, Alta Fox Equity, LLC and P.
+Added: Connor Haley (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on October 30, 2025).
+Added: First Amendment to Consulting Agreement, dated as of October 30, 2025, by and between Reece A.
+Added: Kurtenbach and Daktronics, Inc.
+Added: (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on October 30, 2025).
Certification of the Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
20 unchanged sentences
Principal Accounting Officer)
−Removed: September 10, 2025
+Added: December 10, 2025
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.