Explanatory Note
This Form 8-A/A (Amendment No. 3) (this Amendment) is being filed by Daktronics, Inc. (the
Company) to amend the Registration Statement on Form 8-A filed by the Company with the Securities and Exchange Commission (SEC) on November 16, 2018 (the Original
Registration Statement), as amended by Amendment No. 1 to the Form 8-A filed by the Company with the SEC on November 19, 2021 (Amendment No. 1) and Amendment No. 2 to the
Form 8-A filed by the Company with the SEC on November 20, 2024 (Amendment No. 2).
Item 1. Description of Registrants Securities to be Registered.
Effective March 3, 2025, the Board of Directors of the Company (the Board) approved the Third Amendment to Rights Agreement, dated as of
March 3, 2025 (the Third Amendment), by and between the Company and Equiniti Trust Company, LLC, as rights agent (the Rights Agent). The Third Amendment amends the Rights Agreement, dated as of November 16,
2018 (the Original Rights Agreement), by and between the Company and the Rights Agent, as amended by the First Amendment to Rights Agreement, dated as of November 19, 2021 (the First Amendment) and the Second Amendment
to Rights Agreement, dated as November 19, 2024 (the Second Amendment, and collectively with the Original Rights Agreement, the First Amendment, the Second Amendment, and the Third Amendment, the Rights Agreement).
The Third Amendment terminates the Rights Agreement by accelerating the Final Expiration Date (as defined in the Rights Agreement) of the Companys
Series A Junior Participating Preferred Stock purchase rights (the Rights) from the Close of Business (as defined in the Rights Agreement) on November 19, 2025 to the Close of Business on March 3, 2025. As a result of the Third
Amendment, effective as of the Close of Business on March 3, 2025, all of the Rights, which were previously distributed to holders of the Companys common stock, no par value, pursuant to the Rights Agreement, have expired and cease to be
outstanding.
The foregoing description of the material terms of the Rights Agreement does not purport to be complete and is qualified in its
entirety by reference to the full text of: (i) the Articles of Amendment to the Amended and Restated Articles of Incorporation of Daktronics, Inc., dated November 16, 2018, which is incorporated by reference as Exhibit 3.1 to this
Amendment; (ii) the Original Rights Agreement, which is incorporated by reference as Exhibit 4.1 to this Amendment; (iii) the First Amendment, which is incorporated by reference as Exhibit 4.2 to this Amendment; (iv) the Second
Amendment, which is incorporated by reference as Exhibit 4.3 to this Amendment; and (v) the Third Amendment, which is incorporated by reference as Exhibit 4.4 to this Amendment.
In addition, the following descriptions are incorporated into this Item 1 by reference: (i) the descriptions of the Original Rights Agreement set forth
in Item 1 of (A) the Original Registration Statement, (B) Amendment No. 1, and (C) Amendment No. 2; (ii) the descriptions of the First Amendment set forth in Item 1 of (A) Amendment No. 1 and (B) Amendment
No. 2; and (iii) the description of the Second Amendment set forth in Item 1 of Amendment No. 2.
Item 2. Exhibits.
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Exhibit No. |
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Description |
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3.1 |
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Articles of Amendment to the Amended and Restated Articles of Incorporation of Daktronics, Inc., dated November 16, 2018 (incorporated
by reference to Exhibit 3.1 to the Current Report on Form 8-K of Daktronics, Inc. filed on November 16, 2018). |
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4.1 |
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Rights Agreement, dated as of November 16, 2018, by and between Daktronics, Inc. and Equiniti Trust Company, LLC, as Rights Agent (incorporated
by reference to Exhibit 4.1 to the Current Report on Form 8-K of Daktronics, Inc. filed on November 16, 2018). |
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4.2 |
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First Amendment to Rights Agreement, dated as of November 19, 2021, by and between Daktronics, Inc. and Equiniti Trust Company, LLC, as Rights Agent
(incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K of Daktronics, Inc. filed on November 19, 2021). |
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4.3 |
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Second Amendment to Rights Agreement, dated as of November 19, 2024, by and between Daktronics, Inc. and Equiniti Trust Company,
LLC, as Rights Agent (incorporated by reference to Exhibit 4.3 to the Current Report on Form 8-K filed by Daktronics, Inc. on November 20, 2024). |
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4.4 |
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Third Amendment to Rights Agreement, dated as of March
3, 2025, by and between Daktronics, Inc. and Equiniti Trust Company, LLC, as Rights Agent (incorporated by reference to Exhibit 4.4 to the Current Report on Form 8-K filed by Daktronics, Inc. on March
3, 2025). |
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