Articles from Breach Inlet Capital Management, LLC

Breach Inlet Capital Management, LLC (“Breach Inlet Capital” or “we”) is a top 10 shareholder of PROG Holdings, Inc. (NYSE: PRG) (“PRG” or the “Company”) with ownership of approximately 3.0% of the shares outstanding. Today, we published an investment presentation outlining our view that the Company’s shares are materially undervalued and PRG could spin off its high-growth business to potentially correct the current mispricing.

Breach Inlet Capital Management, LLC (together with its affiliates, “Breach Inlet Capital” or “we”) is an investment firm focused on underfollowed and misunderstood small cap equities. Today, we issued the following open letter to shareholders of PROG Holdings, Inc. (NYSE: PRG) (“PRG” or the “Company”) highlighting our concerns and recommended path forward for the Company. This open letter is in response to PRG’s board of directors (the “Board”) refusal to engage with us and apparent willingness to continue down its value-destructive path.

Breach Inlet Capital Management, LLC (together with its affiliates, “Breach Inlet Capital” or “we”) is an investment firm focused on underfollowed and misunderstood small cap equities. Today, we issued the following open letter to shareholders of Daktronics, Inc. (NASDAQ: DAKT) (“DAKT” or the “Company”) explaining our intention to vote AGAINST the Company’s proposed reincorporation from South Dakota to Delaware, pursuant to which DAKT primarily is seeking to eliminate cumulative voting.