Daktronics considering changing the companys jurisdiction of incorporation [Video]

BROOKINGS, S.D. (Dakota News Now) – Daktronics announced Tuesday that it will be holding a special meeting for shareholders to vote on changing the company’s jurisdiction of incorporation from South Dakota to Delaware.

This change would allow the company to make changes to its corporate governance standards.

If approved, the change would not affect the company’s business operations in Sioux Falls.

“We are proud of our long history in South Dakota and remain committed to maintaining our headquarters and operations in the state,” said Daktronics’ Chairman, President and Chief Executive Officer Reece Kurtenbach.

“While Daktronics’ legal jurisdiction may change, our home will not. Our corporate headquarters, along with important manufacturing, engineering, sales and service facilities and the vast majority of our employees, will remain in South Dakota, where we have been for more than 50 years,” said Kurtenbach.

By changing their legal domicile to Delaware, Daktronics can enhance shareholder rights …