On September 5, 2026, Bradley T. Wiemann retired from his position as Executive Vice President – Advisor to the CEO of Daktronics, Inc., pursuant to an Amended and Restated Termination Agreement previously disclosed in February 2026. Mr. Wiemann served the company for over 34 years in various leadership capacities, including interim president and interim chief executive officer. This filing reports a departure of certain officers under Item 5.02. Daktronics, Inc. manufactures electronic displays and lighting systems.

Daktronics reported fiscal 2027 first-quarter results with sales of $234.6 million, up 7.1% year-over-year, and diluted earnings per share of $0.40, a 21.2% increase from the prior year period. Operating income rose to $24.9 million with an operating margin of 10.6%, while net income reached $19.4 million. The company ended the quarter with $154.6 million in cash and a product backlog of $311.3 million, marking the sixth consecutive quarter exceeding $300 million. Additionally, the Board terminated the Fiscal 2017 share repurchase program and initiated a new Fiscal 2027 program authorizing up to $34.5 million in buybacks. The Board also approved an increase in CEO Ramesh Jayaraman’s base salary to $600,000 annually and adjusted his target cash incentive percentage to 100% of base salary. Daktronics designs, manufactures, markets, and services large-screen video displays, electronic scoreboards, and LED display systems for global customers.

Daktronics, Inc. approved a 2027 Compensation Program for its named executive officers (Covered NEOs) consisting of annual cash incentive awards and long-term incentive awards. The annual incentive is based on 60% operating income and 60% 40% revenue for fiscal 2027, with payouts ranging from 50% to 150% of target. Long-term incentives include time-based restricted stock units (RSUs) and performance stock units (PSUs) based on cumulative operating income and revenue for fiscal 2027-2029. Daktronics, Inc. provides LED display solutions and software for various industries.

On June 22, 2026, the Board of Directors authorized additional share repurchases under the company's existing program, increasing the total amount available for buybacks to $40.0 million. Additionally, the company issued a press release on June 24, 2026, announcing financial results for the fiscal quarter and full year ended May 2, 2026. Daktronics operates in the electronics industry, specializing in digital display and signage solutions.