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     <!-- Control Number: 025149                                                           -->
     <!-- Rev Number:     1.0                                                              -->
     <!-- Client Name:    Daktronics, Inc.                                                 -->
     <!-- Project Name:   Form S-8                                                         -->
     <!-- Firm Name:      Prepared by AFPI EDGAR Plus                                      -->
     <TITLE>Daktronics, Inc, Form S-8</TITLE>
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<P ALIGN="CENTER"><FONT SIZE="2"><B><B>UNITED STATES</B></B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE="2">SECURITIES AND EXCHANGE COMMISSION</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE="2">Washington, D.C. 20549</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE="2"><B>FORM S-8</B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE="2"><B>REGISTRATION STATEMENT<BR>Under<BR>The Securities Act of 1933</B></FONT></P>

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     <TD><IMG SRC="daktronics_logo.jpg"></TD>
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<P ALIGN="CENTER"><FONT SIZE="2"><B>DAKTRONICS, INC.</B></FONT><BR>
<FONT SIZE ="2">(Exact name of registrant as specified in its charter)</FONT></P>

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     <TH COLSPAN="2"><FONT SIZE="-1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="-1"></FONT></TH></TR>
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     <TD WIDTH="54%" ALIGN="LEFT"><FONT SIZE="-1"><B>South Dakota</B></FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="39%" ALIGN="LEFT"><FONT SIZE="-1"><B>46-0306862</B></FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT SIZE="-1">(State or other jurisdiction of</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">(I.R.S. Employer</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">incorporation or organization)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Identification Number)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
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<P ALIGN="CENTER"><FONT SIZE="2"><B>331 32nd Avenue<BR>Brookings, South Dakota 57006</B><BR>
(Address of Principal Executive Offices, Zip Code)</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE="2"><B>Daktronics, Inc. 2002 Employee Stock Purchase Plan</B><BR>
(Full title of the plan)</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE="2">William R. Retterath<BR>Chief Financial Officer<BR>
Daktronics, Inc.<BR>331 32nd Avenue<BR>Brookings, South Dakota 57006<BR>
(Name and address of agent for service)</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE="2"><B>(605) 697-4000</B><BR>(Telephone Number, including area code, of
agent for service)</FONT></P>
<BR><BR>

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<P ALIGN="CENTER"><FONT SIZE="2">1</FONT></P>
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<P ALIGN="CENTER"><FONT SIZE="2"><B>CALCULATION OF REGISTRATION FEE</B></FONT></P>


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     <TH COLSPAN="1"><FONT SIZE="-1">Title of<BR>Securities to be<BR>Registered</FONT></TH><TH></TH>
     <TH COLSPAN="1"><FONT SIZE="-1">Amount to be<BR>Registered (1)</FONT></TH><TH></TH>
     <TH COLSPAN="1"><FONT SIZE="-1">Proposed Maximum<BR>Offering Price<BR>Per Share (2)</FONT></TH><TH></TH>
     <TH COLSPAN="1"><FONT SIZE="-1">Proposed Maximum<BR>Aggregate<BR>Offering<BR>Price (2)</FONT></TH><TH></TH>
     <TH COLSPAN="1"><FONT SIZE="-1">Amount of<BR>Registration Fee</FONT></TH><TH></TH></TR>
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     <TD ALIGN="RIGHT"><HR NOSHADE COLOR="Black" SIZE="1"></TD><TD></TD>
     <TD ALIGN="RIGHT"><HR NOSHADE COLOR="Black" SIZE="1"></TD><TD></TD>
     <TD ALIGN="RIGHT"><HR NOSHADE COLOR="Black" SIZE="1"></TD><TD></TD>
     <TD ALIGN="RIGHT"><HR NOSHADE COLOR="Black" SIZE="1"></TD><TD></TD>
     <TD ALIGN="RIGHT"><HR NOSHADE COLOR="Black" SIZE="1"></TD><TD></TD></TR>
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     <TD ALIGN="CENTER"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="20%" ALIGN="LEFT"><FONT SIZE="-1">Common Stock</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="18%" ALIGN="CENTER"><FONT SIZE="-1">500,000 shares</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="18%" ALIGN="CENTER"><FONT SIZE="-1">$9.55</FONT></TD>
        <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="16%" ALIGN="CENTER"><FONT SIZE="-1">$4,775,000</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="16%" ALIGN="CENTER"><FONT SIZE="-1">$439.30</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT SIZE="-1">(no par value)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="-1">&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
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<TD WIDTH=5%><FONT SIZE="2">(1) </FONT></TD>
<TD WIDTH=95%><FONT SIZE="2">This
Registration Statement shall also cover any additional shares of Common Stock which
become issuable under the Employee Stock Purchase Plan by reason of any stock divided,
stock split, recapitalization or other similar transaction effected without the receipt
of consideration which results in an increase in the number of the outstanding shares of
Common Stock of Daktronics, Inc.</FONT></TD>
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<TD WIDTH=5%><FONT SIZE="2">(2) </FONT></TD>
<TD WIDTH=95%><FONT SIZE="2">Calculated
solely for purposes of this offering under Rule 457(c) and 457(h) of the Securities Act
of 1933, as amended, on the basis of the average of the high and low prices per share of
Common Stock of Daktronics, Inc. as reported on the Nasdaq National Market on October 28,
2002.</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE="2">2</FONT></P>
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<P ALIGN="CENTER"><FONT SIZE="2"><B><U>TABLE OF CONTENTS</U></B></FONT></P>
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<TD WIDTH=10%><FONT SIZE="2">Page</FONT></TD>
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<TD WIDTH=90%><FONT SIZE="2">PART I</FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;</FONT></TD>
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<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=80%><FONT SIZE="2">
<A HREF="#PARTI">Information Required in the Section 10(a) Prospectus</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;&nbsp;4</FONT></TD>
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<TD WIDTH=90%><FONT SIZE="2">PART II</FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;</FONT></TD>
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<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=80%><FONT SIZE="2">
<A HREF="#PARTII">Information Required in the Registration Statement</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;&nbsp;4</FONT></TD>
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<TD WIDTH=90%><FONT SIZE="2"><A HREF="#SIGS">SIGNATURES</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;&nbsp;7</FONT></TD>
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<TD WIDTH=90%><FONT SIZE="2"><A HREF="#EXHINDEX">EXHIBIT INDEX</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;&nbsp;8</FONT></TD>
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<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=80%><FONT SIZE="2">
<A HREF="daktronics025149_ex4-5.htm#EX4-5">Daktronics, Inc. 2002 Employee Stock Purchase Plan</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;</FONT></TD>
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<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=80%><FONT SIZE="2">
<A HREF="daktronics025149_ex5-1.htm#EX5-1">Opinion and Consent of Hinshaw &amp; Culbertson</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;</FONT></TD>
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<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=80%><FONT SIZE="2">
<A HREF="daktronics025149_ex23-1.htm#EX23-1">Consent of McGladrey &amp; Pullen, LLP</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;</FONT></TD>
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<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=80%><FONT SIZE="2">
<A HREF="daktronics025149_ex24-1.htm#EX24-1">Power Of Attorney</A></FONT></TD>
<TD WIDTH=10%><FONT SIZE="2">&nbsp;</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE="2">3</FONT></P>
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<A NAME="PARTI"></A>
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<P ALIGN="CENTER"><FONT SIZE="2"><B>PART I<BR>
Information Required in the Section 10(a) Prospectus</B></FONT></P>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to Rule 428(b)(1) under the Securities Act of 1933, as amended, the document containing
the information specified in Part I of Form S-8 will be distributed to persons who
receive shares of the Company&#146;s no par value common stock under the Daktronics,
Inc. 2002 Employee Stock Purchase Plan. Each disclosure document constitutes a Section
10(a) prospectus and is incorporated by reference in this Registration Statement, but it
is not being filed with the Commission either as part of this Registration Statement or
as a prospectus or prospectus supplement.</FONT></P>
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<P ALIGN="CENTER"><FONT SIZE="2"><B>PART II<BR>Information Required in the Registration
Statement</B></FONT></P>

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<P><FONT SIZE="2">Item 3. Incorporation of Certain Documents by Reference</FONT></P>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daktronics,
Inc. (the &#147;Company&#148;) hereby incorporates by reference into this Registration
Statement the following documents previously filed with the Securities and Exchange
Commission (the &#147;SEC&#148;)</FONT></P>

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<TD WIDTH=5%><FONT SIZE="2">(a)</FONT></TD>
<TD WIDTH=90%><FONT SIZE="2">
The Company&#146;s latest annual report filed pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934 which contains, either directly or
by incorporation by reference, certain financial statements for the
Company&#146;s latest fiscal year for which such statements have been filed.</FONT></TD>
</TR>
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<TD WIDTH=5%><FONT SIZE="2">(b)</FONT></TD>
<TD WIDTH=90%><FONT SIZE="2">
All other reports filed by the Company pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 since the end of the fiscal year covered by the
annual reports referred to in Paragraph (a) above.</FONT></TD>
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<TD WIDTH=5%><FONT SIZE="2">(c)</FONT></TD>
<TD WIDTH=90%><FONT SIZE="2">
The Company&#146;s definitive proxy statement or information statement, if
any, filed pursuant to Section 14 of the Securities Exchange Act of 1934, in
connection with the latest annual meeting of its stockholders, and any
definitive proxy or information statements so filed in connection with any
subsequent annual or special meetings of its stockholders.</FONT></TD>
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<TD WIDTH=5%><FONT SIZE="2">(d)</FONT></TD>
<TD WIDTH=90%><FONT SIZE="2">
The description of the Company&#146;s Common Stock which is contained in the
Company&#146;s registration statement on Form S-1 filed December 3, 1993,
including any amendment or report filed for the purpose of updating such
description, which is filed subsequent to the date of this Registration
Statement and prior to the termination of the offering of the common stock
offered hereby.</FONT></TD>
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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
reports and other documents subsequently filed by the Company and the Plans pursuant to
sections 13, 14 or 15(d) of the Securities Exchange Act of 1934, as amended, prior to the
filing of a post-effective amendment which indicates that all securities offered hereby
have been sold or which deregisters all securities remaining to be unsold, shall be
deemed to be incorporated by reference herein and to be a part hereof from the date of
the filing of such reports and documents. Any statement contained herein or in a document
all or part of which is incorporated or deemed to be incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein or in any subsequently filed document
which also is or is deemed to be incorporated by reference herein modifies or supersedes
such statement. Any such statement so modified or superseded shall not be deemed, except
as so modified or superseded, to constitute a part of this Registration Statement.</FONT></P>

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<P><FONT SIZE="2">Item 4. Description of Securities</FONT></P>

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<TD WIDTH=5%><FONT SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT SIZE="2">Not applicable.</FONT></TD>
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<P><FONT SIZE="2">Item 5. Interests of Named Experts and Counsel</FONT></P>

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<TD WIDTH=5%><FONT SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT SIZE="2">Not applicable.</FONT></TD>
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<P><FONT SIZE="2">Item 6. Indemnification of Directors and Officers</FONT></P>
<BR>

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<P ALIGN="CENTER"><FONT SIZE="2">4</FONT></P>
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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
South Dakota Business Corporation Act, the Company&#146;s Bylaws and agreements
between the Company and each officer and director, provide that officers and directors of
the Company have the right to indemnification from the Company for liability arising out
of certain actions to the fullest extent permissible by law. This indemnification may be
available for liabilities arising in connection with this offering. Insofar as
indemnification for liabilities arising under the Securities Act of 1933 may be permitted
to directors, officers or persons controlling the Company pursuant to such
indemnification provisions, the Company has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as
expressed in the Act and is therefore unenforceable. The South Dakota Business
Corporation Act and the Company&#146;s Bylaws also provide that a South Dakota
business corporation may indemnify any director, officer, employee or agent of the
corporation made or threatened to be made a party to a proceeding, by reason of the
former or present official capacity of such person on behalf of the Company, against
judgments, penalties, fines, settlements and reasonable expenses incurred by the person
in connection with the proceeding if certain statutory standards are met.</FONT></P>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has purchased liability insurance to indemnify its directors and officers against
loss arising from claims by reason of their legal liability for acts as officers and
directors, subject to limitations and conditions set forth in the policies.</FONT></P>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has adopted in its Articles of Incorporation a provision which limits personal
liability for breach of fiduciary duty by directors, to the extent provided by the South
Dakota Business Corporation Act. This provision eliminates the personal liability of
directors for damages occasioned by breach of fiduciary duty, except for liability based
on the director&#146;s duty of loyalty to the Company, liability for acts or
omissions not made in good faith, liability for acts or omissions involving intentional
misconduct or a knowing violation of law, liability based on payments of improper
dividends or liability for any transaction from which the director derived an improper
personal benefit.</FONT></P>

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<P><FONT SIZE="2">Item 7. Exemption from Registration Claimed</FONT></P>

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<TD WIDTH=95%><FONT SIZE="2">Not applicable.</FONT></TD>
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<P><FONT SIZE="2">Item 8. Exhibits</FONT></P>

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<TD WIDTH=20%><FONT SIZE="2"><U>Exhibit Number</U></FONT></TD>
<TD WIDTH=80%><FONT SIZE="2"><U>Exhibit</U></FONT></TD>
</TR>
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<TD WIDTH=15%><FONT SIZE="2">4.5 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Daktronics,
Inc. 2002 Employee Stock Purchase Plan</FONT></TD>
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<TD WIDTH=5%><FONT SIZE="2"></FONT></TD>
<TD WIDTH=15%><FONT SIZE="2">5.1 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Opinion
of Hinshaw &amp; Culbertson</FONT></TD>
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<TD WIDTH=15%><FONT SIZE="2">23.1 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Consent
of McGladrey &amp; Pullen, LLP</FONT></TD>
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<TD WIDTH=15%><FONT SIZE="2">23.2 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Consent
of Hinshaw &amp; Culbertson (included in Exhibit 5.1 to this Registration Statement)</FONT></TD>
</TR>
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<TD WIDTH=15%><FONT SIZE="2">24.1 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Power
of Attorney</FONT></TD>
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<P><FONT SIZE="2">Item 9. Undertakings</FONT></P>

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<P><FONT SIZE="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:</FONT></P>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:</FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any prospectus required by Section 10(a) (3) of the Securities Act of 1933;</FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed
with the Securities and Exchange Commission pursuant to Rule 424(b) of the Securities Act
if, in the aggregate, the changes in volume and price represent no more than a 20% change
in the maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective Registration Statement; and</FONT>
</TD>
</TR>
</TABLE>
<BR>

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<P ALIGN="CENTER"><FONT SIZE="2">5</FONT></P>
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<BR>
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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement; provided, however, that paragraphs (a)(1)(i)
and (a)(1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8 and
the information required to be included in a post-effective amendment by those paragraphs
is contained in periodic reports filed by the registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference
in the registration statement.</FONT>
</TD>
</TR>
</TABLE>
<BR>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.</FONT></P>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.</FONT></P>

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<P><FONT SIZE="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the registrant&#146;s
annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan&#146;s annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by
reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</FONT></P>

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<P><FONT SIZE="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling persons of
the registrant pursuant to the foregoing provisions, or otherwise, the registrant has
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.</FONT></P>


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<P ALIGN="CENTER"><FONT SIZE="2">6</FONT></P>
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<A NAME="SIGS"></A>
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<P ALIGN="CENTER"><FONT SIZE="2"><B>SIGNATURES</B></FONT></P>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, the Registrant certifies
that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Brookings, State of
South Dakota on this 30th day of October, 2002.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="BOTTOM">
     <TD WIDTH="55%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT SIZE="-1">DAKTRONICS, INC.</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">By: <U>/s/ William R. Retterath</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William R. Retterath</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer &amp; Treasurer</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>

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<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates
indicated.</FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="BOTTOM">
     <TD COLSPAN="2" ALIGN="LEFT"><FONT SIZE="-1"><U>Signature</U></FONT></TD>
     <TD COLSPAN="2" ALIGN="LEFT"><FONT SIZE="-1"><U>Title</U></FONT></TD>
     <TD COLSPAN="2" ALIGN="LEFT"><FONT SIZE="-1"><U>Date</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="35%" ALIGN="LEFT"><FONT SIZE="-1"><U>By /s/ James B. Morgan</U></FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="37%" ALIGN="LEFT"><FONT SIZE="-1">Chief Executive Officer &amp;</FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD WIDTH="20%" ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James B. Morgan</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">(principal executive officer)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ William R. Retterath</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Chief Financial Officer</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William R. Retterath</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">(principal financial and</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">accounting officer)</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ Aelred J. Kurtenbach</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aelred J. Kurtenbach</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Chairman of the Board</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ Roland J. Jensen</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roland J. Jensen</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ Frank J. Kurtenbach</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frank J. Kurtenbach</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ John L. Mulligan</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John L. Mulligan</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ Robert G. Dutcher</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robert G. Dutcher</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ Duane E. Sander</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duane E. Sander</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ Nancy D. Frame</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nancy D. Frame</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">By <U>/s/ James A. Vellenga</U></FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">Director</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">October 30, 2002</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James A. Vellenga</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="-1">&nbsp;</FONT></TD></TR>
</TABLE>


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<P ALIGN="CENTER"><FONT SIZE="2">7</FONT></P>
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<!-- MARKER PAGE="sheet: 7; page: 7" -->

<A NAME="EXHINDEX"></A>
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<P ALIGN="CENTER"><FONT SIZE="2"><B>EXHIBIT INDEX</B></FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=20%><FONT SIZE="2"><U>Exhibit Number</U></FONT></TD>
<TD WIDTH=80%><FONT SIZE="2"><U>Exhibit</U></FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT SIZE="2"></FONT></TD>
<TD WIDTH=15%><FONT SIZE="2">4.5 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Daktronics,
Inc. 2002 Employee Stock Purchase Plan</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT SIZE="2"></FONT></TD>
<TD WIDTH=15%><FONT SIZE="2">5.1 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Opinion
of Hinshaw &amp; Culbertson</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT SIZE="2"></FONT></TD>
<TD WIDTH=15%><FONT SIZE="2">23.1 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Consent
of McGladrey &amp; Pullen, LLP</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT SIZE="2"></FONT></TD>
<TD WIDTH=15%><FONT SIZE="2">23.2 </FONT></TD>
<TD WIDTH=80%><FONT SIZE="2">Consent
of Hinshaw &amp; Culbertson (included in Exhibit 5.1 to this Registration Statement)</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT SIZE="2"></FONT></TD>
<TD WIDTH=15%><FONT SIZE="2">24.1 </FONT></TD>
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Daktronics, Inc, Form S-8
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
DAKTRONICS, INC.
(Exact name of registrant as specified in its charter)
South Dakota
46-0306862
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification Number)
331 32nd Avenue
Brookings, South Dakota 57006
(Address of Principal Executive Offices, Zip Code)
Daktronics, Inc. 2002 Employee Stock Purchase Plan
(Full title of the plan)
William R. Retterath
Chief Financial Officer
Daktronics, Inc.
331 32nd Avenue
Brookings, South Dakota 57006
(Name and address of agent for service)
(605) 697-4000
(Telephone Number, including area code, of
agent for service)
1
CALCULATION OF REGISTRATION FEE
Title of
Securities to be
Registered
Amount to be
Registered (1)
Proposed Maximum
Offering Price
Per Share (2)
Proposed Maximum
Aggregate
Offering
Price (2)
Amount of
Registration Fee
Common Stock
500,000 shares
$9.55
$4,775,000
$439.30
(no par value)
(1)
This
Registration Statement shall also cover any additional shares of Common Stock which
become issuable under the Employee Stock Purchase Plan by reason of any stock divided,
stock split, recapitalization or other similar transaction effected without the receipt
of consideration which results in an increase in the number of the outstanding shares of
Common Stock of Daktronics, Inc.
(2)
Calculated
solely for purposes of this offering under Rule 457(c) and 457(h) of the Securities Act
of 1933, as amended, on the basis of the average of the high and low prices per share of
Common Stock of Daktronics, Inc. as reported on the Nasdaq National Market on October 28,
2002.
2
TABLE OF CONTENTS
Page
PART I
Information Required in the Section 10(a) Prospectus
4
PART II
Information Required in the Registration Statement
4
SIGNATURES
7
EXHIBIT INDEX
8
Daktronics, Inc. 2002 Employee Stock Purchase Plan
Opinion and Consent of Hinshaw & Culbertson
Consent of McGladrey & Pullen, LLP
Power Of Attorney
3
PART I
Information Required in the Section 10(a) Prospectus
Pursuant
to Rule 428(b)(1) under the Securities Act of 1933, as amended, the document containing
the information specified in Part I of Form S-8 will be distributed to persons who
receive shares of the Company's no par value common stock under the Daktronics,
Inc. 2002 Employee Stock Purchase Plan. Each disclosure document constitutes a Section
10(a) prospectus and is incorporated by reference in this Registration Statement, but it
is not being filed with the Commission either as part of this Registration Statement or
as a prospectus or prospectus supplement.
PART II
Information Required in the Registration
Statement
Item 3. Incorporation of Certain Documents by Reference
Daktronics,
Inc. (the "Company") hereby incorporates by reference into this Registration
Statement the following documents previously filed with the Securities and Exchange
Commission (the "SEC")
(a)
The Company's latest annual report filed pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934 which contains, either directly or
by incorporation by reference, certain financial statements for the
Company's latest fiscal year for which such statements have been filed.
(b)
All other reports filed by the Company pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 since the end of the fiscal year covered by the
annual reports referred to in Paragraph (a) above.
(c)
The Company's definitive proxy statement or information statement, if
any, filed pursuant to Section 14 of the Securities Exchange Act of 1934, in
connection with the latest annual meeting of its stockholders, and any
definitive proxy or information statements so filed in connection with any
subsequent annual or special meetings of its stockholders.
(d)
The description of the Company's Common Stock which is contained in the
Company's registration statement on Form S-1 filed December 3, 1993,
including any amendment or report filed for the purpose of updating such
description, which is filed subsequent to the date of this Registration
Statement and prior to the termination of the offering of the common stock
offered hereby.
All
reports and other documents subsequently filed by the Company and the Plans pursuant to
sections 13, 14 or 15(d) of the Securities Exchange Act of 1934, as amended, prior to the
filing of a post-effective amendment which indicates that all securities offered hereby
have been sold or which deregisters all securities remaining to be unsold, shall be
deemed to be incorporated by reference herein and to be a part hereof from the date of
the filing of such reports and documents. Any statement contained herein or in a document
all or part of which is incorporated or deemed to be incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein or in any subsequently filed document
which also is or is deemed to be incorporated by reference herein modifies or supersedes
such statement. Any such statement so modified or superseded shall not be deemed, except
as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Not applicable.
Item 6. Indemnification of Directors and Officers
4
The
South Dakota Business Corporation Act, the Company's Bylaws and agreements
between the Company and each officer and director, provide that officers and directors of
the Company have the right to indemnification from the Company for liability arising out
of certain actions to the fullest extent permissible by law. This indemnification may be
available for liabilities arising in connection with this offering. Insofar as
indemnification for liabilities arising under the Securities Act of 1933 may be permitted
to directors, officers or persons controlling the Company pursuant to such
indemnification provisions, the Company has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as
expressed in the Act and is therefore unenforceable. The South Dakota Business
Corporation Act and the Company's Bylaws also provide that a South Dakota
business corporation may indemnify any director, officer, employee or agent of the
corporation made or threatened to be made a party to a proceeding, by reason of the
former or present official capacity of such person on behalf of the Company, against
judgments, penalties, fines, settlements and reasonable expenses incurred by the person
in connection with the proceeding if certain statutory standards are met.
The
Company has purchased liability insurance to indemnify its directors and officers against
loss arising from claims by reason of their legal liability for acts as officers and
directors, subject to limitations and conditions set forth in the policies.
The
Company has adopted in its Articles of Incorporation a provision which limits personal
liability for breach of fiduciary duty by directors, to the extent provided by the South
Dakota Business Corporation Act. This provision eliminates the personal liability of
directors for damages occasioned by breach of fiduciary duty, except for liability based
on the director's duty of loyalty to the Company, liability for acts or
omissions not made in good faith, liability for acts or omissions involving intentional
misconduct or a knowing violation of law, liability based on payments of improper
dividends or liability for any transaction from which the director derived an improper
personal benefit.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
Exhibit Number
Exhibit
4.5
Daktronics,
Inc. 2002 Employee Stock Purchase Plan
5.1
Opinion
of Hinshaw & Culbertson
23.1
Consent
of McGladrey & Pullen, LLP
23.2
Consent
of Hinshaw & Culbertson (included in Exhibit 5.1 to this Registration Statement)
24.1
Power
of Attorney
Item 9. Undertakings
(a)      The undersigned registrant hereby undertakes:
(1)
      To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i)
      To include any prospectus required by Section 10(a) (3) of the Securities Act of 1933;
(ii)
      To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed
with the Securities and Exchange Commission pursuant to Rule 424(b) of the Securities Act
if, in the aggregate, the changes in volume and price represent no more than a 20% change
in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective Registration Statement; and
5
(iii)
      To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement; provided, however, that paragraphs (a)(1)(i)
and (a)(1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8 and
the information required to be included in a post-effective amendment by those paragraphs
is contained in periodic reports filed by the registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference
in the registration statement.
(2)
      That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.
(3)
      To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b)      The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the registrant's
annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by
reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c)      Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling persons of
the registrant pursuant to the foregoing provisions, or otherwise, the registrant has
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
6
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, as amended, the Registrant certifies
that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Brookings, State of
South Dakota on this 30th day of October, 2002.
DAKTRONICS, INC.
By:
/s/ William R. Retterath
William R. Retterath
Chief Financial Officer & Treasurer
Pursuant
to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the dates
indicated.
Signature
Title
Date
By /s/ James B. Morgan
Chief Executive Officer &
October 30, 2002
James B. Morgan
Director
(principal executive officer)
By
/s/ William R. Retterath
Chief Financial Officer
October 30, 2002
William R. Retterath
(principal financial and
accounting officer)
By
/s/ Aelred J. Kurtenbach
Director
October 30, 2002
Aelred J. Kurtenbach
Chairman of the Board
By
/s/ Roland J. Jensen
Director
October 30, 2002
Roland J. Jensen
By
/s/ Frank J. Kurtenbach
Director
October 30, 2002
Frank J. Kurtenbach
By
/s/ John L. Mulligan
Director
October 30, 2002
John L. Mulligan
By
/s/ Robert G. Dutcher
Director
October 30, 2002
Robert G. Dutcher
By
/s/ Duane E. Sander
Director
October 30, 2002
Duane E. Sander
By
/s/ Nancy D. Frame
Director
October 30, 2002
Nancy D. Frame
By
/s/ James A. Vellenga
Director
October 30, 2002
James A. Vellenga
7
EXHIBIT INDEX
Exhibit Number
Exhibit
4.5
Daktronics,
Inc. 2002 Employee Stock Purchase Plan
5.1
Opinion
of Hinshaw & Culbertson
23.1
Consent
of McGladrey & Pullen, LLP
23.2
Consent
of Hinshaw & Culbertson (included in Exhibit 5.1 to this Registration Statement)
24.1
Power
of Attorney
8