4/A: Daktronics CFO Amends SEC Filing to Include Omitted 401(k) Shares

Daktronics CFO Sheila Mae Anderson amended a previous SEC filing to include 8,522 shares of common stock held indirectly through the company's 401(k) plan.

Summary

• Sheila Mae Anderson, CFO and Treasurer of Daktronics Inc., filed an amendment to a previous SEC Form 4.
• The amendment was necessary to include 8,522 shares of Daktronics common stock held indirectly through the company's 401(k) plan.
• These shares were inadvertently omitted from the original filing on August 27, 2024.
• The shares were acquired between August 24, 2017 and August 23, 2024.
• The information is based on a plan statement dated August 23, 2024.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previous filing. It doesn't indicate any significant positive or negative news, but the need for an amendment suggests a minor oversight.

Negatives

• The original SEC filing was incomplete, requiring an amendment.

Risks

• Inadvertent omissions in SEC filings can lead to regulatory scrutiny.

Industry Context

This type of filing is routine for company insiders and is required by the SEC to ensure transparency in stock ownership.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies.
• The amendment highlights the importance of accurate and complete reporting, which is a common requirement for all companies listed on US stock exchanges.

Stakeholder Impact

• The amendment ensures transparency for shareholders regarding the CFO's beneficial ownership.

Key Dates

Keywords

SEC Filing, Daktronics, 401(k), Sheila Mae Anderson, Beneficial Ownership, Amendment, DAKT