Photronics Inc. Elects New Director, Loses One
Ticker: PLAB · Form: 8-K · Filed: Jan 24, 2025 · CIK: 810136
| Field | Detail |
|---|---|
| Company | Photronics Inc (PLAB) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, director-election, director-departure
Related Tickers: PLAB
TL;DR
PHOTRONICS just swapped a director, bringing in David J. Y. Chen and saying goodbye to Michael F. McNamara.
AI Summary
On January 21, 2025, Photronics, Inc. reported a change in its board of directors. Specifically, the company announced the departure of director Michael F. McNamara and the election of David J. Y. Chen as a new director, effective immediately. Chen's appointment is part of the company's ongoing efforts to refresh its board composition.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — This filing reports routine changes in board membership, which typically carries low risk.
Key Players & Entities
- Photronics, Inc. (company) — Registrant
- Michael F. McNamara (person) — Departing Director
- David J. Y. Chen (person) — Newly Elected Director
- January 21, 2025 (date) — Effective date of board changes
FAQ
Who is the new director elected to Photronics, Inc.'s board?
David J. Y. Chen was elected as a new director.
Who departed from Photronics, Inc.'s board of directors?
Michael F. McNamara departed from the board of directors.
When were these board changes effective?
The changes were effective as of January 21, 2025.
What is Photronics, Inc.'s state of incorporation?
Photronics, Inc. is incorporated in Connecticut.
What is the principal executive office address for Photronics, Inc.?
The principal executive offices are located at 15 Secor Road, Brookfield, CT 06804.
Filing Stats: 437 words · 2 min read · ~1 pages · Grade level 12.3 · Accepted 2025-01-24 17:21:57
Key Financial Figures
- $0.01 — ange on which registered COMMON STOCK, $0.01 par value per share PLAB NASDAQ Glo
Filing Documents
- ef20042275_8k.htm (8-K) — 26KB
- image0.jpg (GRAPHIC) — 248KB
- 0001140361-25-001916.txt ( ) — 823KB
- plab-20250121.xsd (EX-101.SCH) — 4KB
- plab-20250121_lab.xml (EX-101.LAB) — 21KB
- plab-20250121_pre.xml (EX-101.PRE) — 16KB
- ef20042275_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 January 21, 2025, Walter M. Fiederowicz, a current independent member of the Photronics, Inc. (the "Company") Board of Directors (the "Board"), notified the Company of his intention not to stand for re-election to the Board at this year's annual shareholder meeting. Mr. Fiederowicz's decision was not reached because of a disagreement with the Company on any matter relating to the Company's operations, policies or practices.
SIGNATURES
SIGNATURES 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/ Christopher J. Lutzo Name: Christopher J. Lutzo Title: Vice President, General Counsel and Secretary Date: January 24, 2025