DAKTRONICS INC /SD/
For the period ended Oct 12, 2026. Filed Oct 14, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 12, 2026 · Filed Oct 14, 2026
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EX-99.1 · REFINING THE MICRO-LED DEVELOPMENT STRATEGY
REFINING THE MICRO-LED DEVELOPMENT STRATEGY
In December 2025, Daktronics acquired certain assets of X Display Company Technology Limited, including intellectual property in the display field of use, and added micro-LED and micro-IC development capabilities. The Company continues to monitor commercialization opportunities and the investments required to bring these technologies to market. Due primarily to supply and cost advantage now available in narrow pixel pitch LED technology, Daktronics has decided it will reduce its micro-LED related development activities while retaining and maintaining the acquired intellectual property and preserving opportunities for future commercialization. Associated severance and other pre-tax costs are expected to be $1.2 million in the current quarter and fully recovered through operating savings within the current fiscal year and are expected to generate $3.1 million of annualized pre-tax savings.
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