DAKTRONICS INC / SD /: Change of Directors or Principal Officers (form 8-K)
ARTICLE 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory provisions of certain managers
Daktronics, Inc.(the "Company") recommended and the Board of Directors authorized grants of incentive stock options to purchase shares of the Company's common stock and grants of restricted stock units under the Company's 2020 Stock Incentive Plan (the "Plan") to five of the Named Executive Officers as indicated below.
Each of these new incentive stock options is vested annually for 20% of the shares subject to the option over a period of five years from the first anniversary of the grant date, has a term of ten years, is subject to the terms of the Plan, and has an exercise price equal to the fair market value of the Company’s common shares on the grant date, which was
The following table describes the grants of options and restricted share units to the five named executive officers as of
Incentive Stock Restricted Stock Options Units Name Title Shares Underlying Shares Underlying Options Units Reece A. President and Chief 13,500 5,400 Kurtenbach Executive Officer Sheila M. Chief Financial 6,250 2,500 Anderson Officer Bradley T. Executive Vice 6,250 2,500 Wiemann President Matthew J. Vice President 6,250 2,500 Kurtenbach Carla S. Gatzke Vice President 6,250 2,500
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