March 3 (Reuters) - Daktronics ( DAKT ) said on Monday

that activist investor Alta Fox would withdraw all its

litigation against the company and support its reincorporation

in Delaware.

The video display supplier added that it would appoint Alta

Fox-recommended independent candidate Peter Feigin to its board

of directors and seek the hedge fund's input on its search for a

new chief financial officer.

"We are pleased to move forward in a constructive manner and

work with the Board and management to enhance value for

shareholders," said Connor Haley, managing partner of Alta Fox.

Alta Fox is currently Daktronics' ( DAKT ) largest shareholder,

holding a stake of over 6.5% in the company, according to data

compiled by LSEG.