Item 1.01 Entry into a Material Definitive Agreement.

Effective on January 23, 2023, Daktronics, Inc. (the "Company") entered into the Seventh Amendment (the "Amendment") to the Credit Agreement dated as of November 16, 2016, as amended (the "Credit Agreement") with U.S. Bank National Association (the "Bank"). The Amendment, among other things, increases the principal amount of the loan evidenced by the Credit Agreement to $45 million until May 1, 2023, increases the rate of interest to 3.35% plus SOFR (the secured overnight financing rate); and revises certain definitions and covenants.

As of January 20, 2023, there was $22.7 million outstanding under the Credit Agreement, and the balance of letters of credit outstanding was approximately $7.5 million.

The foregoing description of the Amendment is qualified in its entirety by reference to such document, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits:

(d)Exhibits. The following exhibits are filed or furnished, as indicated, as part of this Form 8-K:

10.1 Seventh Amendment to Credit Agreement, dated effective as of January 23, 2023, by and between Daktronics Inc., and U.S. Bank National Association (filed)

99.1 Press Release dated January 25, 2023 (furnished).

104 Cover page Interactive Data File (embedded within the Inline XBRL document)

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