Daktronics Appoints Ramesh Jayaraman As President And CEO, Effective February 1, 2026

 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(c) On December 2, 2025, the Board of Directors (the "Board") of Daktronics, Inc. (the "Company") approved the Company's entry into a letter agreement with Ramesh Jayaraman (the "Letter Agreement") and approved Mr. Jayaraman's appointment as President and Chief Executive Officer of the Company, in each case effective as of February 1, 2026 (the "Effective Date"), subject to Mr. Jayaraman's continued employment through such date. Under the Letter Agreement, Mr. Jayaraman will commence full‑time employment with the Company on December 10, 2025 (the "Start Date"). In connection with the appointment, the Board also designated Mr. Jayaraman as an "executive officer" as defined in Rule 3b‑7 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as an "officer" for purposes of Section 16 of the Exchange Act, effective as of the Start Date. As set forth in the Letter Agreement, Mr. Jayaraman is expected to be appointed to the Board no later than the Effective Date, following and subject to completion of the Company's customary onboarding procedures for Board members. As previously disclosed, Brad Wiemann will continue to serve as the Company's Interim Chief Executive Officer, and Reece A. Kurtenbach will continue to serve as a director of the Company, from the Start Date until the Effective Date (such period, the "Transition Period"), at which time Mr. Wiemann will retire from the Company and Mr. Kurtenbach will resign from the Board.

 

Mr. Jayaraman, age 50, is a seasoned executive with more than 25 years of experience leading complex global operations and business transformations across North America, Europe, and Asia, including in various senior executive roles over the past five years with the Bosch Group. Most recently, from November 2024 to August 2025, Mr. Jayaraman served as Senior Vice President, Bosch Home Comfort for the Johnson Controls HVAC R&LC Acquisition (Americas), where he led regional integration planning and growth initiatives to build a global champion in the HVAC industry with revenues greater than € 8 billion. From April 2021 to October 2024, he served as Regional President of Bosch Building Technologies, where he was responsible for overseeing various functions, including global end-to-end Audio Communications Business Unit, the North America products business, and the Integrator Business Unit for North America, where he led the organization's security, safety, energy services and building management systems business segments with operations spanning across the United States and Canada.

 

Prior to joining Bosch, Mr. Jayaraman served as Vice President and General Manager, Asia Pacific, at Harman Professional Solutions, a provider of professional audio, video, and lighting technologies, from September 2016 to April 2021. Mr. Jayaraman holds a Master of Business Administration from the University of Illinois Chicago and a Bachelor of Science in Mechanical Engineering from Delhi College of Engineering.

 

There are no related‑party transactions with Mr. Jayaraman requiring disclosure under Item 404(a) of Regulation S‑K promulgated under the Securities Act of 1933, as amended (the "Securities Act"), and there are no arrangements or understandings between Mr. Jayaraman and any other persons in connection with his appointment as President and Chief Executive Officer of the Company, in each case other than as described in this Current Report on Form 8‑K (this "Report").