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Daktronics, Inc. (NASDAQ:DAKT) reported that shareholders approved several key proposals at the company’s annual meeting held Wednesday. According to a statement based on a recent SEC filing, investors voted in favor of the Daktronics , Inc. 2025 Stock Incentive Plan, which replaces the company’s previous 2020 plan. The new plan was approved by the board in July, subject to shareholder approval, and took effect on September 3.
Shareholders also elected four directors—Andrew D. Siegel, Howard I. Atkins, Mark F. Bowser, and Neil D. Glat—to serve three-year terms expiring at the 2028 annual meeting. Voting results showed each nominee received a majority of votes cast, with Siegel receiving 36,930,503 votes for, Atkins 37,285,092, Bowser 37,362,631, and Glat 37,443,764.
In an advisory, non-binding vote, shareholders approved the compensation of the company’s named executive officers for the fiscal year, with 33,655,918 votes in favor, 4,187,473 against, and 254,772 abstentions.
The appointment of Deloitte & Touche, LLP as Daktronics’ independent registered public accounting firm for the 2026 fiscal year was ratified, receiving 44,419,996 votes in favor, 449,405 against, and 56,166 abstentions.
A total of 44,925,567 shares, or 91.5% of outstanding shares entitled to vote, were represented in person or by proxy at the meeting.
The information in this article is based on a statement from a recent SEC filing. Investors should note that Daktronics is scheduled to report its next earnings on September 10, 2025. For deeper insights into DAKT’s financial health and growth prospects, InvestingPro offers comprehensive analysis with 12 additional ProTips and a detailed Research Report, available exclusively to subscribers.
In other recent news, Daktronics Inc. reported its earnings for the fourth quarter of fiscal year 2025, missing analysts’ expectations on both earnings per share and revenue. The company posted an EPS of -$0.19, significantly below the forecasted $0.15, and reported revenue of $172.6 million, which was less than the anticipated $193.97 million. Additionally, Daktronics announced changes to its executive team, with Sheila M. Anderson no longer serving as the principal accounting officer, though she remains the Chief Data and Analytics Officer. The company clarified that this change was not due to any disagreements with Anderson regarding company operations, policies, or practices.
Furthermore, Daktronics has nominated two new directors, Mark Bowser and Neil Glat, for its Board of Directors ahead of the upcoming Annual Meeting of Shareholders. Bowser has a background in finance and strategy from his time at Cox Automotive, while Glat has held senior leadership roles with the New York Jets and the National Football League. These developments come amid a challenging financial quarter for the company.
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