---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-009310"
form_type: "8-K"
ticker: "PLAB"
cik: "0000810136"
company_name: "PHOTRONICS INC"
filed_at: "2022-03-14T23:59:59+00:00"
generated_at: "2026-06-26T23:25:28.779324+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CEO Peter Kirlin retires; Dr. Frank Lee named President; Chairman Macricostas interim CEO

## Summary
- Peter Kirlin retired as CEO and resigned from Board effective March 11, 2022.
- Dr. Frank Lee (former head of Asia) named President, leading global operations.
- Chairman Constantine Macricostas appointed interim CEO; formal CEO search initiated.
- Kirlin's retirement not due to disagreement; receives severance and extended option exercise.
- Annual meeting results: seven directors elected, auditor ratified, say-on-pay approved.

## SEC filing metadata
- accession: 0001140361-22-009310
- form_type: 8-K
- ticker: PLAB
- cik: 0000810136
- company_name: PHOTRONICS INC
- filed_at: 2022-03-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/0001140361-22-009310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/brhc10035177_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-009310
- JSON: https://secwatch.observer/filing/0001140361-22-009310.json
- Plain text: https://secwatch.observer/filing/0001140361-22-009310.txt

## Key facts
- Executive change
  Constantine Macricostas was appointed as Chief Executive Officer at PHOTRONICS INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Also in connection therewith, the Board appointed Constantine Macricostas, current Chairman of the Board, as Chief Executive Officer on an interim basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/0001140361-22-009310-index.htm
- Executive change
  Peter S. Kirlin retired as Chief Executive Officer at PHOTRONICS INC.
  - Action: retired
  - Role: Chief Executive Officer
  source text: On March 10, 2022, Peter S. Kirlin retired as Chief Executive Officer and resigned as a member of the Board of Directors (the “Board”) of Photronics, Inc. (the “Company”) effective March 11, 2022, to pursue other interests.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/0001140361-22-009310-index.htm
- Executive change
  Dr. Frank Lee was appointed as President at PHOTRONICS INC.
  - Action: promoted
  - Role: President
  source text: In connection therewith, the Company promoted Dr. Frank Lee to President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/0001140361-22-009310-index.htm
- Executive change
  Peter S. Kirlin resigned as Director at PHOTRONICS INC.
  - Action: resigned
  - Role: Director
  source text: On March 10, 2022, Peter S. Kirlin retired as Chief Executive Officer and resigned as a member of the Board of Directors (the “Board”) of Photronics, Inc. (the “Company”) effective March 11, 2022, to pursue other interests.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/0001140361-22-009310-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.