PLAB 8-K
Photronics Inc (PLAB)
8-K
2026-01-07
For: 2026-01-01
View Original
Added on
April 07, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered or to be registered pursuant to Section 12(b) of the Act:
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
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Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On January 1, 2026, Photronics, Inc. (the “Company”) enlarged its Board of Directors from eight members to nine and elected Michelle Almeida to serve as an independent
member of the Company's Board of Directors. Ms. Almeida brings over 25 years of experience in finance with a proven track record in treasury and FP&A. Ms. Almeida is a Certified Public Accountant and earned her Master of Science in Accounting
from the University of Pune in Pune, India. She currently serves as Vice President Corporate Finance, Treasurer at Compass Datacenters. The Company published a press release announcing Ms. Almeida’s appointment to the Board of Directors on January
7, 2026, a copy of which is attached as Exhibit 99.1 to this disclosure.
There are no arrangements or understandings between Ms. Almeida and any other person pursuant to which she was elected as a director. There are no related-party transactions involving Ms.
Almeida that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Ms. Almeida will receive compensation similar to the Company's other non-employee directors, including cash retainers for Board and Committee memberships and equity-based
compensation in the form of restricted stock. Ms. Almeida has not yet been appointed to any Board committees.
| Item 9.01. |
Financial Statements and Exhibits.
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(d)
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Exhibits
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Press Release dated January 7, 2026
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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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.
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PHOTRONICS, INC.
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(Registrant)
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By: /s/ Christopher J. Lutzo
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Name:
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Christopher J. Lutzo
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Title:
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Vice President,
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General Counsel and Secretary
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Date: January 7, 2026
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Exhibit 99.1
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For Further Information:
Ted Moreau
VP, Investor Relations
469.395.8175
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Press Release
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Photronics Appoints Michelle Almeida to the Board of Directors
BROOKFIELD, Conn. January 7, 2026 Photronics, Inc. (Nasdaq:PLAB), a worldwide
leader in photomask technologies and solutions, announced today the appointment of Michelle Almeida to the company’s Board of Directors effective January 1, 2026. Ms. Almeida will serve as an independent director.
“Michelle brings strong leadership experience and a thoughtful, strategic perspective that will complement the skills and experience of our
Board,” said George Macricostas, Chairman and CEO of Photronics. “We are pleased to welcome her to the Board as we continue to execute our long-term strategy.”
“I am delighted to join the Photronics Board of Directors,” said Ms. Almeida. “I look forward to working with the Board and management team.”
About Photronics
Photronics is a leading worldwide manufacturer of
integrated circuit (IC) and flat panel display (FPD) photomasks. High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the
IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 50 years. The company operates 11 strategically located manufacturing facilities
in Asia, Europe, and North America. Additional information on the company can be accessed at www.photronics.com.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” regarding our industry, our strategic position, and our financial and operating
results. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially. Please refer to Item 1A “Risk Factors” in our Annual Report on Form
10-K for the fiscal year ended October 31, 2025 and other subsequent filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause our actual results to differ materially from those
contained in these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under
no duty to update any of the forward-looking statements after the date of this release to conform these statements to actual results.