DAKTRONICS INC /SD/ 8-K

What Happened Daktronics, Inc. (DAKT) filed an 8-K disclosing a First Amendment to a previously disclosed Consulting Agreement with former named executive officer Carla Gatzke. The Board authorized the amendment on May 18, 2026, effective as of May 1, 2026. The amendment extends the consulting arrangement through August 28, 2026, limits services to project-specific advisory work, and reduces the monthly consulting fee.

Key Details

• Consultant: Carla Gatzke, former named executive officer.
• Authorization date: Board approved the amendment on May 18, 2026; effective May 1, 2026.
• Term: Extended through August 28, 2026 (unless earlier terminated).
• Fees: Monthly consulting fee reduced from $30,000 (through April 30, 2026) to $7,500 during the extended term.

Why It Matters This amendment reduces Daktronics’ near-term cash outflow for transition consulting while narrowing the scope of services to specific advisory projects. For investors, the change is a concrete update on executive-related costs and the winding down of transitional support from a former executive; it is a governance/compensation disclosure under Item 5.02 of Form 8-K.