SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 19, 1998
Daktronics, Inc.
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(Exact name of registrant as specified in its charter)
South Dakota 0-23246 41-0306862
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
331 32nd Avenue
Brookings, South Dakota 57006
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (605) 697-4000
Former name or former address, if changed since last report: not applicable
Item 5: Other Events
On November 19, 1998 the Registrant declared a dividend distribution
of one Preferred Share Purchase Right on each outstanding share of the
Registrant's common stock payable to stockholders of record on
December 9, 1998. The Rights are distributed under a Rights Agreement,
dated November 19, 1998, between the Registrant and Norwest Bank
Minnesota, National Association. A copy of the Rights Agreement is
attached as Exhibit 5.1.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DAKTRONICS, INC.
By /s/ Paul J. Weinand
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Its Treasurer
Dated: November 25, 1998 Paul J. Weinand, Treasurer
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Printed name and title