Daktronics Holds Annual Meeting of Shareholders.Business Editors BROOKINGS, S.D.--(BUSINESS WIRE)--Aug. 22, 2002 Shareholders elect directors, ratify appointment of Ernst & Young, LLP LLP - Lower Layer Protocol as independent auditors, and approve employee stock purchase plan At its annual meeting last night, shareholders of Daktronics, Inc. (Nasdaq:DAKT) of Brookings, S.D., elected Dr. Aelred J. Kurtenbach, Nancy D. Frame and Robert G. Dutcher to three-year terms on the Company's board of directors. Kurtenbach, co-founder and former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Company, currently serves as chairman. Frame was elected director in 1999 and will begin serving her second term on the board. Frame served as deputy director of the United States Trade and Development Agency The United States Trade and Development Agency is an independent agency of the federal government of the United States.[1] Its stated mission is to "advance economic development and U.S. commercial interests in developing and middle-income countries". in Washington, D.C., from 1986 to 1999. Dutcher is new to the board and is currently chairman, president and CEO of Possis Medical, Inc., a medical device company located in Minneapolis, Minn. Prior to joining Possis Medical in 1985, Dutcher was with Medtronics, Inc. for 12 years, most recently as director of research and development. Dutcher is the inventor of 21 U.S. medical device patents and earned bachelor's and master's degrees in electrical engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from South Dakota State University South Dakota State University, at Brookings; land-grant support; coeducational; chartered 1883 as Dakota Agricultural College, opened 1884. In 1907 it became South Dakota State College of Agriculture and Mechanic Arts, and in 1964 its present name was adopted. and the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. , respectively. Shareholders ratified the appointment of Ernst & Young, LLP as independent auditors for the Company for the year ending May 3, 2003. Shareholders also approved the Company's employee stock purchase plan. The plan includes of total of 500,000 shares of the Company's common stock reserved for issuance under the plan, which will provide eligible employees with an opportunity to increase their proprietary interest in the success of the Company. Daktronics is recognized worldwide as a leading designer and manufacturer of electronic scoreboards and display systems. The Company has strong leadership positions in electronic scoreboards; outdoor programmable display systems available in LED, incandescent in·can·des·cent adj. 1. Emitting visible light as a result of being heated. 2. Shining brilliantly; very bright. See Synonyms at bright. 3. and reflective technologies; and large screen video display and control. Daktronics has installed displays in more than 70 countries. For more information, visit the Company's worldwide web site at http://www.daktronics.com, email the company at sales@daktronics.com, call toll-free 1-888-325-8766 in the U.S., or write to the Company at 331 32nd Avenue, P.O. Box 5128, Brookings, SD 57006-5128. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion