On January 26, 2023, Alta Fox Capital announced that it issued a press release and public letter to the independent members of Daktronics, Inc's Board of Directors, which, among other things, expressed its disappointment that the Board's Strategy and Financing Review Committee is not taking decisive action to address deep-rooted issues related to the Company's corporate governance, undermanagement team and value creation efforts. Alta Fox Capital stated that it has engaged, and intends to continue to engage, in discussions with management and the Board of the Company regarding opportunities to unlock value at the Company, including changes to Board composition.