Daktronics Files Preliminary Proxy Statement for Special Meeting of Shareholders

Core Viewpoint - Daktronics, Inc. plans to hold a special meeting of shareholders to vote on a proposal to change its jurisdiction of incorporation from South Dakota to Delaware, while reaffirming its commitment to maintaining its headquarters and operations in South Dakota [2][3]. Company Overview - Daktronics is a leading U.S.-based designer and manufacturer of dynamic video communication displays and control systems, serving customers worldwide [2]. - The company has a strong leadership position in the display industry, being the world's largest supplier of large-screen video displays, electronic scoreboards, and related control systems [8]. Reincorporation Proposal - The proposal to reincorporate in Delaware aims to enhance corporate governance, including implementing a majority voting standard for uncontested director elections and proxy access [3]. - The change is intended to provide stronger shareholder rights and protections, ensuring that a cohesive Board of Directors can be elected by the majority of shareholders [3]. Commitment to South Dakota - Daktronics has been based in South Dakota since its founding in 1968 and employs nearly 3,000 people, with more than half of them working in the state [4][5]. - The company intends to continue investing in its South Dakota workforce and communities, maintaining its strong presence in the state despite the legal jurisdiction change [5][6]. Future Steps - Further details regarding the special meeting and the definitive proxy materials will be provided to shareholders, encouraging them to review the information carefully [6][10].