Daktronics Board of Directors announces James Morgan's retirement
September 07 2022 - 7:30AM
Daktronics, Inc. (NASDAQ - DAKT) today announced the retirement of
James Morgan from the Board of Directors (“the Board”) at the end
of his current term, effective September 7, 2022. He has been a
Director of the Company since 1984 and has served on the Nominating
and Corporate Governance Committee since October 2016, including as
its Chair since June 2020, and on the Audit Committee from 2016 to
2021. He also served as the Company's President and Chief Executive
Officer from 2001 through his retirement from those positions
effective on September 1, 2013. Prior to that, he served as the
Company's President and Chief Operating Officer and Vice President
of Engineering. He originally joined the Company in 1969.
Director Lance Bultena has been named the
chairperson of the Nominating and Corporate Governance
Committee.
Reece A. Kurtenbach, Chairman, President and
CEO, stated, “Jim’s strong industry and development expertise
provided insightful perspectives and guidance to the Company during
his Board tenure. His thoughtful leadership and guidance will be
missed. We are grateful for his contributions and wish him the best
through retirement.”
About DaktronicsDaktronics has strong
leadership positions in, and is the world's largest supplier of,
large-screen video displays, electronic scoreboards, LED text and
graphics displays, and related control systems. The company excels
in the control of display systems, including those that require
integration of multiple complex displays showing real-time
information, graphics, animation, and video. Daktronics designs,
manufactures, markets and services display systems for customers
around the world in four domestic business units: Live Events,
Commercial, High School Park and Recreation, and Transportation,
and one International business unit. For more information, visit
the company's website at: www.daktronics.com, email the company at
investor@daktronics.com, call (605) 692-0200 or toll-free (800)
843-5843 in the United States, or write to the company at 201
Daktronics Dr., P.O. Box 5128, Brookings, S.D. 57006-5128.
Safe Harbor StatementCautionary
Notice: In addition to statements of historical fact, this news
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 and is
intended to enjoy the protection of that Act. These
forward-looking statements reflect the Company's expectations or
beliefs concerning future events. The Company cautions that these
and similar statements involve risk and uncertainties which could
cause actual results to differ materially from our expectations,
including, but not limited to, changes in economic and market
conditions, management of growth, timing and magnitude of future
contracts and orders, fluctuations in margins, the introduction of
new products and technology, the impact of adverse weather
conditions, increased regulation and other risks described in the
company's SEC filings, including its Annual Report on Form 10-K for
its 2022 fiscal year. Forward-looking statements are made in the
context of information available as of the date stated. The Company
undertakes no obligation to update or revise such statements to
reflect new circumstances or unanticipated events as they
occur.
For more information
contact:INVESTOR RELATIONS:Sheila M. Anderson, Chief
Financial OfficerTel (605) 692-0200Investor@daktronics.com
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