DAKTRONICS INC /SD/ 8-K

What Happened
Daktronics, Inc. (DAKT) announced that its Board appointed Ramesh Jayaraman to the Board and as President and Chief Executive Officer, effective February 1, 2026. The Board appointment was made January 30, 2026; Jayaraman’s initial board term runs until the 2027 annual meeting. Bradley T. Wiemann will step down as Interim President & CEO as of the effective date and will serve as an advisor during a TBD transition period. Former CEO Reece A. Kurtenbach resigned from the Board effective February 1, 2026, consistent with his prior separation agreement.

Key Details

• Ramesh Jayaraman appointed President & CEO effective February 1, 2026; Letter Agreement dated November 25, 2025 (compensation terms previously disclosed in the Dec 3, 2025 Form 8-K).
• Reece A. Kurtenbach resigned from the Board effective February 1, 2026; his prior Separation Agreement required resignation upon appointment of a successor CEO.
• Consulting arrangement for Kurtenbach: previously $30,000/month through Jan 31, 2026; Second Amendment extends the consulting term through May 2, 2026 (other terms unchanged).
• Wiemann will serve as Advisor under the Termination Agreement (effective Aug 1, 2025) through a board- and CEO-determined onboarding/transition period; final transition end date TBD.

Why It Matters
This filing confirms Daktronics’ leadership transition to a permanent CEO, which can affect company strategy and execution. The board turnover is orderly and follows previously disclosed separation and consulting agreements; the extended consulting term for the former CEO ensures continued advisor support through May 2026. Investors should note the leadership change date (Feb 1, 2026) and prior disclosures about Jayaraman’s compensation if evaluating governance or executive-cost impacts.