Daktronics Inc 8-K, filed Apr 21, 2021
Daktronics Inc (DAKT)
8-K
2021-04-21
For: 2021-04-18
View Original
Added on
April 04, 2026
About this 8-K
Daktronics Inc filed this 8-K on April 21, 2021, reporting on events of April 18, 2021.
Items reported
- Item 5.04: Benefit plan trading blackout
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 18, 2021
(Exact Name of Registrant as Specified in Charter)
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(State or Other Jurisdiction of
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(Commission
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(I.R.S. Employer
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Incorporation)
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File Number)
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Identification No.)
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(Address of Principal Executive Offices, and Zip Code)
(605 ) 692-0200
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 5 - Corporate Governance and Management
Item 5.04 Temporary Suspension of Trading under Registrant's Employee Benefit Plans
Daktronics, Inc. 401(k) (the “Plan”) will transfer to a new trustee administrative platform. As a result, a trading blackout period for Daktronics, Inc. (the "Company") common stock held in the Plan will be imposed on Plan participants at the close of trading on May 19, 2021. The blackout period is expected to last until the week of May 24, 2021, though the exact date is unknown at this time. During the blackout, Plan participants will be prohibited from performing certain functions within the Plan, including (i) changing investment elections for future contributions; (ii) transferring funds among investment options; and (iii) requesting a Plan loan, distribution, or withdrawal. The directors, executive officers, and Section 16 officers of the Company are currently restricted from trading in the Company’s securities under the Company’s scheduled quarterly blackout period, which began on April 5, 2021. Questions about the blackout period can be addressed to Daktronics Inc, Attn: Benefits, 201 Daktronics Drive, Brookings, SD 57006, (800) 325-8766.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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DAKTRONICS, INC.
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By: /s/ Sheila M. Anderson
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Sheila M. Anderson, Chief Financial Officer
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Date:
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April 21, 2021
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