Photronics Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Photronics Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending March 27, 2024.</b>

AI Summary

PHOTRONICS INC (PLAB) filed a Proxy Statement (DEF 14A) with the SEC on February 28, 2024. Photronics Inc. filed a Definitive Proxy Statement (DEF 14A) on February 28, 2024. The filing covers the period ending March 27, 2024. The company's fiscal year ends on October 31st. Photronics Inc. is incorporated in Connecticut. The company's SIC code is 3674 (Semiconductors & Related Devices).

Why It Matters

For investors and stakeholders tracking PHOTRONICS INC, this filing contains several important signals. This filing is a standard regulatory requirement for public companies, providing shareholders with information regarding upcoming meetings and voting matters. Shareholders should review this document to understand executive compensation, director nominations, and other corporate governance proposals before the annual meeting.

Risk Assessment

Risk Level: low — PHOTRONICS INC shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material changes or urgent disclosures beyond standard corporate governance information.

Analyst Insight

Review the executive compensation and director nominee details within the DEF 14A to inform voting decisions.

Key Numbers

• 2024-02-28 — Filing Date (DEF 14A)
• 2024-03-27 — Period of Report (DEF 14A)
• 1031 — Fiscal Year End (Company Data)
• 3674 — SIC Code (Company Data)

Key Players & Entities

• PHOTRONICS INC (company) — Filer
• 2024-02-28 (date) — Filing Date
• 2024-03-27 (date) — Period of Report
• CT (location) — State of Incorporation
• 3674 (industry) — Standard Industrial Classification
• 15 SECOR ROAD (address) — Business Address
• 2037759000 (phone) — Business Phone

FAQ

Industry Context

Photronics Inc. operates in the Semiconductors & Related Devices industry.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for public companies related to shareholder meetings and voting.

What Investors Should Do

1. Review the proposals to be voted on at the shareholder meeting.
2. Examine the executive compensation details for key management personnel.
3. Assess the director nominations and qualifications.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for public companies and does not represent a change from previous filings of the same type.

Key Financial Figures

• $0.01 — f the Company's common stock, par value $0.01 per share (the "Common Stock"), represe
• $40 billion — ver 100 transactions, representing over $40 billion in aggregate transaction value. Prior t

Filing Documents

• n3449_x6-def14a.htm (DEF 14A) — 585KB
• n3449def14aimg002.jpg (GRAPHIC) — 42KB
• n3449def14aimg003.jpg (GRAPHIC) — 153KB
• n3449def14aimg006.jpg (GRAPHIC) — 51KB
• n3449def14aimg007.jpg (GRAPHIC) — 37KB
• n3449def14aimg004.jpg (GRAPHIC) — 18KB
• n3449def14aimg005.jpg (GRAPHIC) — 48KB
• proxycard_1.jpg (GRAPHIC) — 337KB
• proxycard_2.jpg (GRAPHIC) — 356KB
• 0001539497-24-000597.txt (&nbsp;) — 4000KB
• plab-20231031.xsd (EX-101.SCH) — 6KB
• plab-20231031_def.xml (EX-101.DEF) — 10KB
• plab-20231031_lab.xml (EX-101.LAB) — 63KB
• plab-20231031_pre.xml (EX-101.PRE) — 44KB
• n3449_x6-def14a_htm.xml (XML) — 187KB

From the Filing

SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under Rule 14a-12 PHOTRONICS, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials: Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. 1) Amount previously paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: PHOTRONICS, INC. 15 Secor Road Brookfield, Connecticut 06804 (203) 775-9000 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 27, 2024 TO THE SHAREHOLDERS OF PHOTRONICS, INC.: Notice is hereby given that the annual meeting of the holders of common stock of Photronics, Inc. (the "Shareholders" or "you") as of the record date specified herein will be held on March 27, 2024 at 8:30 am Eastern Time (the "Annual Meeting"). The Annual Meeting will be held in person at the offices of Photronics, Inc., 15 Secor Road, Building 1, Brookfield, CT 06804 and in virtual format by means of remote communication via live www.viewproxy.com/PLAB/2024/VM. Shareholders will be allowed to participate in the meeting in person or virtually by voting their shares and submitting questions in person or electronically during the meeting. We have designed the format of the Annual Meeting to provide Shareholders attending virtually the same rights and opportunities to participate as they would have at an in-person meeting. The live audio webcast of the Annual Meeting will begin promptly at 8:30 am Eastern Time. You should ensure that you have a strong internet connection to participate in the Annual Meeting, and you should allow plenty of time to log in to ensure that you can hear the streaming audio prior to the start of the Annual Meeting. To attend the meeting virtually, you must first register at www.viewproxy.com/PLAB/2024 by 11:59 p.m. Eastern Time on March 26, 2024. After registering, you will receive an e-mail containing a unique link and password that will enable you to attend the meeting and vote at the meeting and at any adjournment or postponement thereof. Shareholders may submit questions for the Annual Meeting after logging in. If you wish to submit a question, you may do so by logging into the virtual meeting platform using your unique link and password, typing your question into the "Questions/Chat Panel" field, and clicking "Submit." Please submit any questions before the start time of the meeting. The Annual Meeting will be held for the following purposes: 1) To elect eight members of the Board of Directors; 2) To ratify the selection of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending October 31, 2024; and 3) To approve, by non-binding advisory vote, the compensation of our named executive officers. The Shareholders will also act on any other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. The Board of Directors has fixed February 14, 2024, as the record date for determining the holders of common stock entitled to notice of and to vote at the meeting. A list of those Shareholders entitled to vote will be available for inspection by any of our Shareholders for any purpose germane to the Annual Meeting, during regular business hours at the principal executive offices of Photronics, Inc., for twenty (20) days prior to the Annual Meeting. YOUR VOTE IS IMPORTANT. ALL SHAREHOLDERS ARE CORDIALLY INVITED TO PARTICIPATE IN THE MEETING IN PERSON OR VIRTUALLY. TO ENSURE YOUR REPRESENTATION AT THE MEETING, YOU ARE REQUESTED TO COMPLETE, DATE, SIGN AND RETURN THE ENCLOSED PROXY IN THE ENCLOSED ENVELOPE OR AUTHORIZE THE VOTING OF YOUR SHARES BY INTERNET OR TELEPHONE PRIOR TO THE DEADLINE SPECIFIE

View Full Filing

View this DEF 14A filing on SEC EDGAR