Daktronics introducing new management compensation plan

“During the quarter, we completed the rigorous analysis and planning phase of our business transformation plan. The transformation, built upon our market leadership position, our technical and strengthening operating financial profile, and our capable employees, was designed and structured to support our ambitious targets to grow revenue faster than our addressable market, currently estimated in the 7-10 percent range, expand operating margins of a sustainable 10-12 percent, and achieve 17-20 percent return on capital by fiscal 2028. In concert with these efforts, we continue to advance our digital transformation projects to realize efficiencies across the company and in interactions with our customers. We have also added rigor to our annual planning, capital allocation and risk assessment processes,” said Sheila Anderson, CFO and Chief Data and Analytics Officer. The business transformation, overseen by management and the board, is focused on completing initiatives with velocity in the following categories, with preponderance of benefits expected in the second half of fiscal 2026 and fiscal 2027. Driving profitable growth Prioritizing most profitable sales channels on a global basis Strategic pricing and value selling activities enhancements; Priority development of new products for displays and control systems; Driving down product costs and structural costs; Agile alignment and optimization of our global manufacturing resources; Company wide re-invigoration of operational efficiency practices; Renegotiation of key supply agreements and scrubbing the entire supply chain; Simplifying product complexities to enhance cost-effectiveness and reliability; Digital transformation, supporting aggressive growth, data-driven planning and operational efficiencies; Enhanced enterprise performance management tools deployment; Redesigning front-end quoting and sales processes, building in automation and efficiency; Data driven culture and development of data platforms; Lower of information technology maintenance spend. Daktronics (DAKT) is also introducing a new management compensation plan to retain and attract the best talent and align incentives with long-term shareholder interests. T