DAKT-2013.08.12_8-K CEO


 
 
 
 
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):  August 7, 2013
_________________________________


Daktronics, Inc.
(Exact name of registrant as specified in its charter)
_________________________________


South Dakota
0-23246
46-0306862
(State or other jurisdiction
(Commission
(I.R.S. Employer
Incorporation or organization)
File Number)
Identification Number)



201 Daktronics Drive
Brookings, SD  57006
(Address of principal executive office) (zip code)

(605) 692-0200
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report.)

 
 
 
 
 





This Current Report on Form 8-K (the “Report”) contains both historical and forward-looking statements that involve risks, uncertainties and assumptions. The statements contained in this Report that are not purely historical are forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, including statements regarding our expectations, beliefs, intentions and strategies for the future. These statements appear in a number of places in this Report and include all statements that are not historical statements of fact regarding our intent, belief or current expectations with respect to, among other things: (i) our financing plans; (ii) trends affecting our financial condition or results of operations; (iii) our growth strategy and operating strategy; (iv) the declaration and payment of dividends; (v) the timing and magnitude of future contracts; (vi) parts shortages and longer lead times; (vii) fluctuations in margins; and (viii) the introduction of new products and technology. The words “may,” “would,” “could,” “should,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plans” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond our ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors discussed herein, including those discussed in detail in our filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended April 28, 2013 in the section entitled “Item 1A. Risk Factors”

Section 5 - Corporate Governance and Management

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)
James B. Morgan, the President and Chief Executive Officer of Daktronics, Inc. (the “Company”), will retire from the Company, effective September 1, 2013.

(c)
Reece A. Kurtenbach, will be officially appointed as the President and Chief Executive Officer of the Company effective September 1, 2013.

(e)
There is no change in Mr. Kurtenbach's compensation at this time.

Section 9 - Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits.

(d)    The following exhibit is filed as part of this Report:

    99.1 Press release dated August 12, 2013 announcing CEO transition date set.

 
 
 
 
 





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.

 
DAKTRONICS, INC.
 
 
 
By:  /s/ Sheila M. Anderson
 
Sheila M. Anderson, Chief Financial Officer
 Date: August 12, 2013
 
 
 










EXHIBIT INDEX

Exhibit No.
Description