Slide 1: Special Town Hall
SPECIAL TOWN HALL 21 January 2025
Slide 2: Confidential Information
CONFIDENTIAL INFORMATION Information presented is confidential information forinternal use only. Improper use of this information could lead to violations of our intemal policies, Daktronics Stock Trading Policy (2700272), or other securities tules/regulations.
Slide 3: Special Shareholder Meeting
SPECIAL SHAREHOLDER MEETING Today, Dalironics issued a press release announcing we have filed a prefiminary proxy statement ‘and plan to hold a special meeting of shareholders fo vole upon a proposal fo change the Company's jurisdiction of incorporation from South Dakota to Delaware. Before we revie
Slide 4: What is "Reincorporation"?
WHAT IS “REINCORPORATION”? + Acompany's ‘state of incorporation’ is the state where the company’s formation documents are filed. This is also called ‘state of legal domicile’ + The state of domicile determines the state law that governs shareholders and Board of Directors activities, ights and oblig
Slide 5: Why Delaware?
WHY DELAWARE? + As our business continues fo evolve, we recognize the importance of advancing our governance framework fo ensure it reflects the needs of the company, serves the interests of all shareholders ‘and supports our future growth and long-term value. + Delaware is the legal dorricile for m
Slide 6: Business Impact?
BUSINESS IMPACT? + While Daktronics legal jurisdiction may change, our home will not. + Our corporate headquarters — along with ourimportant manufacturing, engineering, sales and service facilfies and employees working in South Dakota — will remain in South Dakota. + This change has no direct impact
Slide 7: Frequently Asked Questions
FREQUENTLY ASKED QUESTIONS @: What will his change mean for me? Ac The reincorporation itself wil not have @ direct impact on our employees, contractors, suppliers or vendors - it wll continue to be business as usual @: Wil this change impact my job/team/function/qroup? ‘A: No. This change does not
Slide 8: Daktronics Vision
DAKTRONICS VISION To be the World Leader at Informing and Entertaining Audiences through Dynamic Audio — Visual Communication Systems.
Slide 9: Disclaimer and Legend
DISCLAIMER AND LEGEND
Slide 10: Disclaimer and Legend
DISCLAIMER AND LEGEND
Slide 11: Town Hall Video Transcript
On January 21, 2025, the Company posted a recorded town hall video for its employees (the “Town Hall Video”) on the Company’s internal website. The following is a transcript of the Town Hall Video: Reece Kurtenbach: Hello everyone and welcome to the Special Town hall of 21 January 2025. As always, o
Slide 12: Daktronics News: Remains Committed to South Dakota
[>] Daktronics News: Daktronics remains committed to South Dakota with headquarters and operations in the state, while proposing steps to change our legal jurisdiction. Our people will proudly remain in South Dakota - as we've been for more than 50 years, For more info:
Slide 13: LinkedIn Post
LinkedIn Post
Slide 14: Safe Harbor Statement
Safe Harbor Statement Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is intended to enjoy the protection of that Act. These forward-looking statement