Daktronics nominates Andrew Siegel for election to its Board of Directors

– USA, SD –  Daktronics, Inc. (NASDAQ: DAKT), a world leader in audiovisual systems and implementation, today announced the nomination of Andrew Siegel for his election to its Board of Directors at the 2022 AGM in line with the Cooperation Agreement with shareholder Prairieland Holdco, LLC.

“We are pleased to welcome Andrew to our Board and look forward to his perspectives, as we continue to position ourselves for long-term growth and value creation,” said CEO and Chairman, Reece Kurtenbach. “Following these Board changes, more than half of our directors will have been added in the past two years as part of our focus on ensuring that we have the right mix of perspectives and experience overseeing the Company. We remain committed to engaging with our shareholders, while continuing to address both the challenges and the emerging opportunities in our industry.”

About Andrew Siegel

Andrew Siegel currently manages Prairieland, whose sole member is TLI Bedrock, LLC, a private multi-strategy investment firm managed by Mr. Siegel and Lawrence B. Benenson (TLIBedrock.com). In 2019, Mr. Siegel co-founded and served as Executive Chairman of FourQ Systems, Inc., an enterprise financial technology company backed by TLI which was sold to Blackline, Inc. in January 2022. Also in 2019, he co-led a group that reported a 7.5% interest in CSS Industries Inc. Mr. Siegela was a founding partner of Advance Venture Partners, the investment fund of global media company Advance Publications, Inc. He joined Advance in 2010 and, as EVP, Strategy and Corporate Development was responsible for growth initiatives at the holding company and its operating units, including Condé Nast. He oversaw The Sports Business Journal/SBD until December 2019. Mr. Siegel joined Advance from Yahoo! Inc., where he led the digital media company’s corporate development team from September 2009 until December 2010. He previously was an executive with General Electric Company from 2004 until 2009 and its financial arm, GE Capital. He joined GE upon its acquisition of InVision Technologies, Inc. in December 2004], where he had served as an executive officer since 2001.

Mr. Siegel said, “We invested in Daktronics because we believe the Company has enormous potential that the market is currently underappreciating. I would like to thank the Board for its constructive approach to our discussions, and I look forward to working with management and the Board to help drive Daktronics’ success.”

About Daktronics

Daktronics has strong leadership positions and is the world’s largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The Company excels in the control of display systems, including those that require the integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs manufactures, markets, and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit. For more information, visit the Company’s website at: www.daktronics.com

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Talent4Boards Team