# EDGAR Filing Document

**Accession Number:** 0001734916
**File Stem:** 0001539497-25-002775
**Filing Date:** 2025-10
**Character Count:** 21444
**Document Hash:** 52ac5a63578446533322abc6219b659b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-002775.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001539497-25-002775

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DAKTRONICS INC /SD/
- **CENTRAL INDEX KEY:** 0000915779
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 460306862
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0502

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-45102
- **FILM NUMBER:** 251417014

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 5128
- **STREET 2:** 201 DAKTRONICS DRIVE
- **CITY:** BROOKINGS
- **STATE:** SD
- **ZIP:** 57006
- **BUSINESS PHONE:** 6056974000

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 5128
- **CITY:** BROOKINGS
- **STATE:** SD
- **ZIP:** 57006
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alta Fox Opportunities Fund, LP
- **CENTRAL INDEX KEY:** 0001734916

**ORGANIZATION NAME:**
- **EIN:** 824336568
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1751 RIVER RUN
- **STREET 2:** SUITE 400
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76107
- **BUSINESS PHONE:** 817-350-4230

**MAIL ADDRESS:**
- **STREET 1:** 1751 RIVER RUN
- **STREET 2:** SUITE 400
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76107

## Ex-1

**Exhibit 1** 

<u>Transactions in the Shares During the Past Sixty Days</u>

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;<u>Nature of Transaction</u> | &nbsp;&nbsp; Amount of Securities<br> <u>Purchased/(Sold)</u> | <u>Price ($)</u> | &nbsp;&nbsp; Date of<br> <u>Purchase/Sale</u> |

---

**<u>ALTA FOX OPPORTUNITIES FUND, LP</u>**

Sale of Common Stock (44,759) 21.3625 09/10/2025 <br> Sale of Common Stock (55,241) 21.0075 09/11/2025

## Exhibit 99.1

**Exhibit 99.1**

**FIRST AMENDMENT TO COOPERATION AGREEMENT**

This FIRST AMENDMENT TO COOPERATION AGREEMENT (this "Amendment"), effective as of October 24, 2025, is entered into by and between Daktronics, Inc. (the "Company"), on the one hand, and Alta Fox Capital Management, LLC (the "Investor"), Alta Fox Opportunities Fund, LP, Alta Fox GenPar, LP, Alta Fox Equity, LLC, and P. Connor Haley (collectively, the "Investor Parties"), on the other hand. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Cooperation Agreement dated March 3, 2025 (the "Cooperation Agreement").

WHEREAS, the Company and the Investor Parties are parties to the Cooperation Agreement;

WHEREAS, pursuant to Section 2(d) of the Cooperation Agreement, the Company agreed to hold an investor day (the "Investor Day") by December 31, 2025; and

WHEREAS, the Company and the Investor Parties desire to extend the deadline for the Investor Day to a date no later than May 2, 2026, which is the Company's 2026 fiscal year end.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. Amendment to Section 2(d) <u>Investor Day</u>. Section 2(d) of the Cooperation Agreement is hereby amended and restated in its entirety
to read as follows:

"<u>Investor Day</u>. The Company agrees that on or prior to May 2, 2026, the Company shall hold an investor day (the "Investor Day") at an appropriate date and time as shall be determined by the Board, at which the Company shall provide capital allocation guidance and mid- to long-term targets with respect to one or more financial or accounting metrics. No more than three (3) weeks nor less than one (1) week prior to the Investor Day, the Company shall provide the Investor Parties an opportunity to enter into a customary information sharing agreement to enable the Company to share confidential information with the Investor Parties in connection with the Company's anticipated communications at the Investor Day."

&nbsp;&nbsp;&nbsp;&nbsp;2. Effect of Amendment. Except as expressly amended by this Amendment, all other terms and conditions of the Cooperation Agreement shall
remain in full force and effect.<br>

&nbsp;&nbsp;&nbsp;&nbsp;3. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. A signed copy of this Amendment delivered by email or other means of electronic transmission
shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.<br>

[SIGNATURE PAGE TO FOLLOW]

IN WITNESS WHEREOF, the Parties have executed this Amendment to be effective as of the date first above written.

DAKTRONICS, INC. (COMPANY)

By:<u>/s/ Brad Wiemann</u> <br> Name: Brad Wiemann<br> Title: Interim President and Chief Executive Officer

<u>INVESTOR PARTIES:</u>

ALTA FOX CAPITAL MANAGEMENT, LLC

By: <u>/s/ P. Connor Haley</u> <br> Name: P. Connor Haley<br> Title: Manager

ALTA FOX OPPORTUNITIES FUND, LP

By: Alta Fox GenPar, LP, its General Partner

By: Alta Fox Equity, LLC, its General Partner<br>

By: <u>/s/ P. Connor Haley</u> <br> Name: P. Connor Haley<br> Title: Manager

ALTA FOX GENPAR, LP

By: Alta Fox Equity, LLC, its General Partner<br>

By: <u>/s/ P. Connor Haley</u> <br> Name: P. Connor Haley<br> Title: Manager

ALTA FOX EQUITY, LLC

By: <u>/s/ P. Connor Haley</u> <br> Name: P. Connor Haley<br> Title: Manager

P. CONNOR HALEY

<u>/s/ P. Connor Haley</u>

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**DAKTRONICS INC /SD/**

*(Name of Issuer)*

**Common Stock, par value $0.00001 per share**

*(Title of Class of Securities)*

**234264109**

*(CUSIP Number)*

**CONNOR HALEY**<br>ALTA FOX CAPITAL MANAGEMENT, LLC<br>640 Taylor Street, Ste. 2522<br>Fort Worth TX 76102<br>(817) 639-2369

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/24/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **234264109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ALTA FOX OPPORTUNITIES FUND, LP** | Name of reporting person<br>**ALTA FOX OPPORTUNITIES FUND, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4430799.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4430799.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.1%** | Percent of class represented by amount in Row (11)<br>**9.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **234264109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ALTA FOX GENPAR, LP** | Name of reporting person<br>**ALTA FOX GENPAR, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4430799.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4430799.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.1%** | Percent of class represented by amount in Row (11)<br>**9.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **234264109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ALTA FOX EQUITY, LLC** | Name of reporting person<br>**ALTA FOX EQUITY, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4430799.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4430799.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.1%** | Percent of class represented by amount in Row (11)<br>**9.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **234264109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**ALTA FOX CAPITAL MANAGEMENT, LLC** | Name of reporting person<br>**ALTA FOX CAPITAL MANAGEMENT, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4430799.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4430799.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.1%** | Percent of class represented by amount in Row (11)<br>**9.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **234264109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**P. CONNOR HALEY** | Name of reporting person<br>**P. CONNOR HALEY** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4430799.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4430799.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | Aggregate amount beneficially owned by each reporting person<br>**4430799.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.1%** | Percent of class represented by amount in Row (11)<br>**9.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.00001 per share

**(b) Name of Issuer:**
DAKTRONICS INC /SD/

**(c) Address of Issuer's Principal Executive Offices:**
PO BOX 5128, 201 DAKTRONICS DRIVE, BROOKINGS, SD, 57006

The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned ("Amendment No. 4"). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall the meanings given to them in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 is hereby amended to add the following:

On October 24, 2025, the Reporting Persons entered into an Amendment to the Cooperation Agreement with the Issuer (the "Amendment"), which amended the Agreement. The Amendment provides that the Issuer's investor day will now be held no later than May 2, 2026, which is the Issuer's 2026 fiscal year end.

The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Items 5 (a)-(c) are hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 48,530,238 Shares outstanding, as of September 2, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on September 10, 2025.

Alta Fox Opportunities

(a) As of the date hereof, Alta Fox Opportunities beneficially owns 4,430,799 Shares.

      Percentage: Approximately 9.1%

(b) 1. Sole power to vote or direct vote: 0
     2. Shared power to vote or direct vote: 4,430,799
     3. Sole power to dispose or direct the disposition: 0
     4. Shared power to dispose or direct the disposition: 4,430,799

(c) The transactions in the Shares by Alta Fox Opportunities during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference.

**(b)**
Alta Fox GP

(a) Alta Fox GP, as the general partner of Alta Fox Opportunities, may be deemed the beneficial owner of the 4,430,799 Shares owned by Alta Fox Opportunities.

      Percentage: Approximately 9.1%

(b) 1. Sole power to vote or direct vote: 0
     2. Shared power to vote or direct vote: 4,430,799
     3. Sole power to dispose or direct the disposition: 0
     4. Shared power to dispose or direct the disposition: 4,430,799

(c) Alta Fox GP has not entered into any transactions in the Shares during the past sixty days.

**(c)**
Alta Fox LLC

(a) Alta Fox LLC, as the general partner of Alta Fox GP, may be deemed the beneficial owner of the 4,430,799 Shares owned by Alta Fox Opportunities.

      Percentage: Approximately 9.1%

(b) 1. Sole power to vote or direct vote: 0
     2. Shared power to vote or direct vote: 4,430,799
     3. Sole power to dispose or direct the disposition: 0
     4. Shared power to dispose or direct the disposition: 4,430,799

(c) Alta Fox LLC has not entered into any transactions in the Shares during the past sixty days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 is hereby amended to add the following:

On October 24, 2025, the Reporting Persons and the Issuer entered into the Amendment, as defined and described in Item 4 above, which is attached as Exhibit 99.1 and incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** ALTA FOX OPPORTUNITIES FUND, LP

**Signature:** /s/ Alta Fox GenPar, LP, its general partner

**Name/Title:** P. Connor Haley, Authorized Signatory

**Date:** 10/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** ALTA FOX GENPAR, LP

**Signature:** /s/ Alta Fox Equity, LLC, its general partner

**Name/Title:** P. Connor Haley, Authorized Signatory

**Date:** 10/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** ALTA FOX EQUITY, LLC

**Signature:** /s/ P. Connor Haley, its manager

**Name/Title:** Authorized Signatory

**Date:** 10/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** ALTA FOX CAPITAL MANAGEMENT, LLC

**Signature:** /s/ P. Connor Haley, its manager

**Name/Title:** Authorized Signatory

**Date:** 10/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** P. CONNOR HALEY

**Signature:** /s/ P. Connor Haley

**Name/Title:** Authorized Signatory

**Date:** 10/24/2025