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Stock impact report

Activist Investor Alta Fox Set to Nominate Daktronics Directors [Yahoo! Finance]

Daktronics, Inc. (DAKT) 
Last daktronics, inc. earnings: 5/29 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.daktronics.com
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters Cloud Computing Tax Threatens Chicago's Silicon Valley Dream A Chicago Skyscraper Cements the Legacy of a Visionary Postmodern Architect San Francisco, Paris Named Best Cities for Urban Transportation DC Business Leaders Welcome Return-to-Office Policy Under Trump The activist investor believes that Daktronics is trading at a “governance discount” due to its staggered board and a so-called poison pill plan, said Connor Haley, managing partner at Alta Fox during a presentation. The nominations could pave way for a proxy fight after Alta Fox failed to push for board refreshment at the company in private engagements. The investor also criticized the employment of family members within the company including Chief Executive Officer Reece Kurtenbach and vice president of manufacturing Matthew Kurtenbach, who are the sons of Daktronics founder Aelred Kurtenbach. The connections are confirmed by Show less Read more
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