DAKT · CIK 0000915779
What Daktronics, Inc. told the SEC could break it.
Daktronics' disclosures cluster on a component supply chain rooted in two geopolitically sensitive sources. Its displays depend on semiconductor-type parts — LEDs, printed circuit boards and integrated circuits — sourced or packaged primarily through suppliers in Taiwan or China, with China its single biggest source, leaving it exposed to volatile tariffs (rates as high as 170% on certain Chinese-origin items, steel and aluminum raised from 25% to 50%, plus reciprocal actions and a later U.S.–China reduction). Adding leadership uncertainty, it is simultaneously recruiting both a new Chief Executive Officer and Chief Financial Officer.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Geographic concentration
- Taiwan/China semiconductor & LED componentsmedium
Daktronics' displays depend on semiconductor-type components (LEDs, printed circuit boards, integrated circuits) sourced or packaged primarily through suppliers in Taiwan or China — a concentrated upstream dependence on two geopolitically sensitive sources.
“Our supply chain includes semiconductor-type components including LEDs, printed circuit boards, and other integrated circuits, which are sourced or packaged directly or indirectly primarily through suppliers in Taiwan or China.”
Key person
- simultaneous CEO and CFO searchesmedium
Daktronics was simultaneously recruiting a new Chief Executive Officer and Chief Financial Officer, creating leadership-transition risk at the top of the company.
“We are currently recruiting for a new Chief Executive Officer and Chief Financial Officer, and the outcome of these searches will play an important role in shaping our future leadership”
SEC filing →As of 2025
Regulatory & policy
- US-China & steel/aluminum tariffs on imported componentsmedium
With US manufacturing relying on inputs from 40+ countries and China the top source of LEDs/PCBs/ICs, Daktronics faces volatile tariffs — rates on certain Chinese-origin items as high as 170%, steel/aluminum raised 25%→50%, plus reciprocal tariffs and a later US-China reduction (145%→30%).
“China has been the greatest source for semiconductor type components, including LEDs, printed circuit boards, and other integrated circuits. United States tariff rates on these imports can range from 10 percent to much higher levels, with proposed or applied rates as high as 170 percent for certain items of Chinese origin.”
SEC filing →As of 2025
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
Milwaukee Bucks Inc.
“On April 29, 2025, the Company entered into a contract with Milwaukee Bucks Inc. The total value of the contract was $ 683 . A member of the Board of Directors is the President of Milwaukee Bucks Inc.”
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