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): Press Release May 24, 2001
Daktronics, Inc.
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(Exact name of registrant as specified in its charter)
South Dakota 0-23246 46-0306862
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
331 32nd Avenue
Brookings, South Dakota 57006
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (605) 697-4000
Former name or former address, if changed since last report: not applicable.
Item 5: Other Events
On May 24, 2001 the Registrant announced a two-for-one stock split.
A copy of the Registrant's press release is attached as Exhibit 5.1.
SIGNATURES
Pursuant to the requirement 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/ Aelred J. Kurtenbach
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Its Acting Chief Financial Officer
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Dated: June 6, 2001 Aelred J. Kurtenbach, Acting Chief Financial Officer
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Printed name and title
Exhibit 5.1
[LOGO] D(R) FOR IMMEDIATE RELEASE
FROM DAKTRONICS, INC.
331 32nd Avenue P.O. Box 5128 Brookings, SD 57006 Phone (605) 697-4000
www.daktronics.com
For more information contact Mark Steinkamp or Becky Wittrock at (800) 605-DAKT
(3258)
DAKTRONICS, INC. DECLARES TWO-FOR-ONE STOCK SPLIT
Brookings, South Dakota - May 24, 2001 - The Board of Directors of
Daktronics, Inc. (NASDAQ - DAKT) has approved a two-for-one stock split of the
company's outstanding common stock in the form of a stock dividend.
Stockholders of record at the close of business on June 11, 2001 will
receive one additional share for each share of common stock held on that date of
record. The company's transfer agent will mail the new stock certificates
representing the additional shares on or about June 22, 2001. Daktronics stock
will begin trading on the split-adjusted basis on June 25, 2001.
Currently the company has 9.0 million shares of common stock
outstanding. After the split is complete, the company will have 18.0 million
shares of common stock outstanding.
According to Dr. Al Kurtenbach, Daktronics Chairman and CEO, "The Board
of Directors authorized the stock split based on the company's strong operating
fundamentals and solid financial performance. This stock split will increase the
number of shares outstanding, may provide greater liquidity for shareholders,
and may result in a broader market for our stock."
Daktronics, a manufacturer and technical contractor, is one of the
world's largest suppliers of electronic scoreboards, computer-programmable
displays and large screen video boards. The company has strong leadership
positions in electronic scoreboards; outdoor programmable display systems
available in LED, incandescent and reflective technologies; and large screen
video display and control. Daktronics has installed displays in more than 70
countries. For more information, visit the company's worldwide web site at
http://www.daktronics.com, email the company at sales@daktronics.com, call
toll-free 888-325-8766 in the U.S., or write to the company at 331 32nd Avenue,
P.O. Box 5128, Brookings, SD 57006-5128.
Cautionary Notice: In addition to statements of historical fact, this news
release contains forward-looking statements reflecting the company's
expectations or beliefs concerning future events, which could materially affect
company performance in the future. The company cautions that these and similar
statements involve risk and uncertainties including changes in economic and
market conditions, management of growth, and other risks noted in the company's
SEC filings which may cause actual results to differ materially. 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.
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