Daktronics Inc.
05/21/2026 | Press release | Distributed by Public on 05/21/2026 15:26
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) As previously disclosed, Daktronics, Inc. (the "Company") entered into a Consulting Agreement (the "Consulting Agreement") with Carla Gatzke, a former named executive officer of the Company, pursuant to which Ms. Gatzke agreed to provide transition services to the Company in exchange for a monthly consulting fee of $30,000 through April 30, 2026. On May 18, 2026, the Board of Directors of the Company authorized the Company to enter into a First Amendment to the Consulting Agreement to extend the Consulting Agreement with a reduced scope and subject to certain revised terms (the "Consulting Agreement Amendment") effective as of May 1, 2026. The material terms of the Consulting Agreement Amendment include the following: (i) the term of the Consulting Agreement was extended through August 28, 2026 (the "Extended Term") unless earlier terminated in accordance with the terms of the agreement, (ii) services during the Extended Term shall be limited to project-specific advisory services at the request of the Company, and (iii) the Consultant will receive a monthly consulting fee of $7,500 during the Extended Term.
Except as expressly amended by the Consulting Agreement Amendment, all other terms and conditions of the Consulting Agreement remain in full force and effect.
The foregoing description of the material terms of the Consulting Agreement Amendment in this Report does not purport to be complete and is qualified in its entirety by reference to the full text of the Consulting Agreement Amendment, a copy of which is filed as Exhibit 10.1 to this Report and is incorporated herein by reference.
Section 9 - Financial Statements and Exhibits
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