Daktronics ( (DAKT) ) has provided an update.
On March 3, 2025, Daktronics entered into a Cooperation Agreement with its largest shareholder, Alta Fox Capital Management. As part of the agreement, Daktronics will appoint Peter Feigin, recommended by Alta Fox, to its Board of Directors and the Transformation Committee. Alta Fox agreed to withdraw litigation against Daktronics and support its reincorporation to Delaware. The agreement includes standstill restrictions and voting commitments through the 2027 annual meeting of shareholders. Additionally, Daktronics will host an Investor Day in 2025 to discuss its strategy and financial outlook.
More about Daktronics
Daktronics is the world’s largest supplier of large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The company designs, manufactures, markets, and services display systems for customers worldwide across various sectors including Live Events, Commercial, High School Park and Recreation, and Transportation.
YTD Price Performance: -8.68%
Average Trading Volume: 452,159
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $718.6M
Learn more about DAKT stock on TipRanks’ Stock Analysis page.