Photronics Inc. Reports Director and Officer Changes
Ticker: PLAB · Form: 8-K · Filed: Jun 12, 2024 · CIK: 810136
| Field | Detail |
|---|---|
| Company | Photronics Inc (PLAB) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: PLAB
TL;DR
Board shakeup and comp changes at Photronics, effective June 11.
AI Summary
On June 11, 2024, PHOTRONICS, INC. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing specifically addresses the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives. These changes are effective as of June 11, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or future performance expectations.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and does not indicate any immediate financial distress or significant operational shifts.
Key Numbers
- 06-0854886 — IRS Employer Identification No. (Identifies the company for tax purposes.)
- 0-15451 — Commission File Number (SEC filing identifier for the company.)
Key Players & Entities
- PHOTRONICS, INC. (company) — Registrant
- June 11, 2024 (date) — Effective date of reported changes
- Connecticut (location) — State of incorporation
- 06804 (location) — Principal executive office zip code
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates changes related to 'Departure of Directors or Certain Officers' but does not specify the exact roles of the departing officers in this excerpt.
Who are the newly elected directors?
The filing mentions the 'Election of Directors' but does not list the names of the newly elected directors in this provided text.
What are the key changes in compensatory arrangements for certain officers?
The filing notes 'Compensatory Arrangements of Certain Officers' as an item of disclosure but does not detail the specific changes to these arrangements in this excerpt.
When were these changes officially reported to the SEC?
The report was filed as of date June 12, 2024, with the earliest event reported on June 11, 2024.
What is Photronics, Inc.'s primary business sector?
Photronics, Inc. is in the SEMICONDUCTORS & RELATED DEVICES sector, with SIC code 3674.
Filing Stats: 430 words · 2 min read · ~1 pages · Grade level 12.5 · Accepted 2024-06-12 16:19:15
Key Financial Figures
- $0.01 — ange on which registered COMMON STOCK, $0.01 par value per share PLAB NASDAQ Glo
Filing Documents
- ef20031076_8k.htm (8-K) — 28KB
- logo1.jpg (GRAPHIC) — 5KB
- 0001140361-24-029883.txt ( ) — 173KB
- plab-20240611.xsd (EX-101.SCH) — 4KB
- plab-20240611_lab.xml (EX-101.LAB) — 21KB
- plab-20240611_pre.xml (EX-101.PRE) — 16KB
- ef20031076_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. On June 11, 2024, Photronics, Inc. (the "Company") placed Richelle E. Burr, Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, and a "named executive officer," on a paid administrative leave during the pendency of an ongoing internal review regarding certain Company transactions and other matters. During Ms. Burr's absence, her functions will be performed by other Company personnel and outside counsel. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PHOTRONICS, INC. (Registrant) By: /s/ Frank Lee Name: Frank Lee Title: Chief Executive Officer Date: June 12, 2024