{"filing":{"accession_number":"0001628280-26-059967","cik":"0000915779","ticker":"DAKT","company_name":"DAKTRONICS INC /SD/","form":"8-K","filing_date":"2026-09-02","report_date":"2026-09-01","primary_document":"dakt-20260901.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/915779/000162828026059967/dakt-20260901.htm"},"events":[{"id":31161,"run_id":28582,"accession_number":"0001628280-26-059967","anchor_item_number":"2.02","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.97,"summary":"Daktronics disclosed fiscal 2027 first quarter financial results for the period ended August 1, 2026, reporting net sales of $234.6 million (7.1% growth), operating income of $24.9 million, diluted EPS of $0.40 (up 21.2%), and a product backlog of $311.3 million.","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02","form":"8-K","submitted_at":null,"items":[{"id":33976,"accession_number":"0001628280-26-059967","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"This is a clear earnings release disclosing Daktronics' fiscal 2027 first quarter financial results for the period ended August 1, 2026. The press release (Exhibit 99.1) reports net sales of $234.6 million (7.1% growth), operating income of $24.9 million, diluted EPS of $0.40 (up 21.2%), and other key financial metrics. The filing is made under Item 2.02 (Results of Operations and Financial Condition), the standard Item for earnings disclosures, and the press release is attached as Exhibit 99.1 as is typical for earnings releases.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"","ticker":null,"filing_date":""},{"id":33978,"accession_number":"0001628280-26-059967","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Item 7.01 disclosure announces fiscal 2027 first quarter financial results through a press release and supplemental investor materials posted on the company's website. The earnings announcement reports Q1 results including sales of $234.6 million (7.1% growth), operating income of $24.9 million, diluted EPS of $0.40 (up 21.2%), and a product backlog of $311.3 million. This is a standard quarterly earnings release material to investors assessing the company's financial performance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":31162,"run_id":28582,"accession_number":"0001628280-26-059967","anchor_item_number":"5.02","event_type":"exec_compensation","event_domain":"governance","is_material":true,"confidence":0.95,"summary":"The Board approved on September 1, 2026, an increase in President and CEO Ramesh Jayaraman's base salary to $600,000 annually (effective September 13, 2026) and a corresponding increase in his target cash incentive to 100% of base salary under the fiscal 2027 plan.","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02","form":"8-K","submitted_at":null,"items":[{"id":33977,"accession_number":"0001628280-26-059967","item_number":"5.02","item_title":"Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","event_type":"exec_compensation","event_domain":"governance","is_material":true,"confidence":0.95,"reasoning":"The Item 5.02 disclosure centers on the Board's approval on September 1, 2026, of an increase in President and CEO Ramesh Jayaraman's base salary from an undisclosed prior amount to $600,000 annually, effective September 13, 2026, along with a corresponding increase in his target cash incentive to 100% of base salary under the fiscal 2027 plan. This is a direct compensatory arrangement modification for a named executive officer, fitting the exec_compensation category. The disclosure is material as it affects investor assessment of executive pay and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":31163,"run_id":28582,"accession_number":"0001628280-26-059967","anchor_item_number":"8.01","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"The Board voted on September 1, 2026, to terminate the Fiscal 2017 Repurchase Program and implement a new Fiscal 2027 Repurchase Program authorizing $34.5 million in share repurchases, with $4.4 million already executed during Q1 FY2027.","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02","form":"8-K","submitted_at":null,"items":[{"id":33979,"accession_number":"0001628280-26-059967","item_number":"8.01","item_title":"Other Events.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The Board voted on September 1, 2026, to terminate the Fiscal 2017 Repurchase Program and implement a new Fiscal 2027 Repurchase Program authorizing $34.5 million in share repurchases. While framed as administrative simplification, this is a capital allocation decision involving return of capital to shareholders through share repurchases, which falls under dividend_distribution. The company has already executed $4.4 million in repurchases during Q1 FY2027 under the prior authorization, demonstrating active deployment of this authority.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":31164,"run_id":28582,"accession_number":"0001628280-26-059967","anchor_item_number":"1.01","event_type":"financial_other","event_domain":"financial","is_material":false,"confidence":0.65,"summary":"Amendment No. 1 to the Credit Agreement dated November 26, 2025 (effective September 1, 2026) permits the Company to transfer non-material patents obtained from a prior acquisition at below fair-market-value terms, relaxing an existing covenant rather than creating new debt.","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02","form":"8-K","submitted_at":null,"items":[{"id":33975,"accession_number":"0001628280-26-059967","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":false,"confidence":0.65,"reasoning":"The Item 1.01 discloses Amendment No. 1 to an existing Credit Agreement dated November 26, 2025, effective September 1, 2026. The amendment permits the Company to transfer non-material patents obtained from a prior acquisition at below fair-market-value terms. This is a modification to an existing credit facility rather than creation of new debt, and the amendment itself is administrative in nature—it relaxes a covenant or restriction rather than creating a new financial obligation. While debt-related, this is more accurately a covenant amendment than a debt issuance, but the taxonomy lacks a specific \"covenant_amendment\" category. The supplemental earnings release (EX-99.1) is a separate earnings disclosure and should not drive the Item 1.01 classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":33975,"accession_number":"0001628280-26-059967","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":false,"confidence":0.65,"reasoning":"The Item 1.01 discloses Amendment No. 1 to an existing Credit Agreement dated November 26, 2025, effective September 1, 2026. The amendment permits the Company to transfer non-material patents obtained from a prior acquisition at below fair-market-value terms. This is a modification to an existing credit facility rather than creation of new debt, and the amendment itself is administrative in nature—it relaxes a covenant or restriction rather than creating a new financial obligation. While debt-related, this is more accurately a covenant amendment than a debt issuance, but the taxonomy lacks a specific \"covenant_amendment\" category. The supplemental earnings release (EX-99.1) is a separate earnings disclosure and should not drive the Item 1.01 classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02"},{"id":33976,"accession_number":"0001628280-26-059967","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"This is a clear earnings release disclosing Daktronics' fiscal 2027 first quarter financial results for the period ended August 1, 2026. The press release (Exhibit 99.1) reports net sales of $234.6 million (7.1% growth), operating income of $24.9 million, diluted EPS of $0.40 (up 21.2%), and other key financial metrics. The filing is made under Item 2.02 (Results of Operations and Financial Condition), the standard Item for earnings disclosures, and the press release is attached as Exhibit 99.1 as is typical for earnings releases.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02"},{"id":33977,"accession_number":"0001628280-26-059967","item_number":"5.02","item_title":"Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","event_type":"exec_compensation","event_domain":"governance","is_material":true,"confidence":0.95,"reasoning":"The Item 5.02 disclosure centers on the Board's approval on September 1, 2026, of an increase in President and CEO Ramesh Jayaraman's base salary from an undisclosed prior amount to $600,000 annually, effective September 13, 2026, along with a corresponding increase in his target cash incentive to 100% of base salary under the fiscal 2027 plan. This is a direct compensatory arrangement modification for a named executive officer, fitting the exec_compensation category. The disclosure is material as it affects investor assessment of executive pay and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02"},{"id":33978,"accession_number":"0001628280-26-059967","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Item 7.01 disclosure announces fiscal 2027 first quarter financial results through a press release and supplemental investor materials posted on the company's website. The earnings announcement reports Q1 results including sales of $234.6 million (7.1% growth), operating income of $24.9 million, diluted EPS of $0.40 (up 21.2%), and a product backlog of $311.3 million. This is a standard quarterly earnings release material to investors assessing the company's financial performance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02"},{"id":33979,"accession_number":"0001628280-26-059967","item_number":"8.01","item_title":"Other Events.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The Board voted on September 1, 2026, to terminate the Fiscal 2017 Repurchase Program and implement a new Fiscal 2027 Repurchase Program authorizing $34.5 million in share repurchases. While framed as administrative simplification, this is a capital allocation decision involving return of capital to shareholders through share repurchases, which falls under dividend_distribution. The company has already executed $4.4 million in repurchases during Q1 FY2027 under the prior authorization, demonstrating active deployment of this authority.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T11:45:59.525787+00:00","company_name":"DAKTRONICS INC /SD/","ticker":"DAKT","filing_date":"2026-09-02"}]}