secwatch.observer — SEC 8-K summary
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Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2022-03-14T23:59:59+00:00
Accession:  0001140361-22-009310
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/0001140361-22-009310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036122009310/brhc10035177_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-009310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer