Date of Report (Date of earliest event reported): February 15, 2007
(Exact name of registrant as specified in its charter)
South Dakota | 0-23246 | 46-0306862 | ||||||
(State or other jurisdiction of | (Commission | (I.R.S. Employer | ||||||
incorporation or organization) | File Number) | Identification Number) |
331
32ndAvenue
Brookings, SD 57006
(Address of principal executive
office) (zip code)
(605) 697-4000
(Registrant's telephone number,
including area code)
Not Applicable
(Former name or former address, if changed since last report.)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFT 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
(a) On February 15, 2007, the Compensation Committee of the Board of Directors of Daktronics, Inc. (the Company) recommended and the Board of Directors approved a change in the compensation plans for Brad Wiemann and Reece Kurtenbach, both Vice Presidents of the Company. Each individual earns a fixed salary (described below). In addition, each of these individuals is eligible to receive a ROE formula-based bonus at three months maximum.
Effective December 30, 2006, Mr. Wiemann's base compensation was increased to $165,000.
Effective January 28, 2007, Mr. Kurtenbach's based compensation was increased to $169,200.
Pursuant to the requirements 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.
By: | /s/ William R. Retterath |
William R.Retterath, Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |
Date: February 16, 2007