Alta Fox Corrects the Record Regarding Daktronics’ Misleading Statements
Daktronics, Inc. (DAKT)
Last daktronics, inc. earnings: 5/29 07:30 am
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US:NASDAQ Investor Relations:
investor.daktronics.com
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Source: Business Wire
Publicly Clarifies Alta Fox’s Stance on its Convertible Promissory NoteReiterates its Belief that Daktronics Can Achieve ~$40 Per Share and ~100% Upside Through Governance Reforms, Board Refreshment and Operational Excellence DALLAS--(BUSINESS WIRE)--Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox” or “we”), the largest shareholder of Daktronics, Inc. (NASDAQ: DAKT) (“Daktronics” or the “Company”) based on its beneficial ownership interest on a fully converted basis of 11.7% of the outstanding shares, today issued the following statement to correct misleading claims from the Company regarding Alta Fox’s motives and recent actions:“Yesterday, we released a detailed presentation outlining the serious governance issues at Daktronics, including long-term underperformance during Chairman and CEO Reece Kurtenbach’s tenure, a misalignment of interests between the Board of Directors (the “Board”) and shareholders, and rampant nepotism in the executive ranks.Instea
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- Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology [Yahoo! Finance]Yahoo! Finance
- Breach Inlet Capital Issues Public Letter to Board of DaktronicsBusiness Wire
- Daktronics' (NASDAQ:DAKT) Soft Earnings Are Actually Better Than They Appear [Yahoo! Finance]Yahoo! Finance
- Alta Fox Corrects the Record Regarding Daktronics' Misleading Statements [Yahoo! Finance]Yahoo! Finance
- Daktronics Comments on Presentation and Public Statements from Alta Fox [Yahoo! Finance]Yahoo! Finance
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