Photronics names Frank Lee CEO, adds Adam Lewis to board

PHOTRONICS INC

Dr. Frank Lee, previously President, named CEO and joins Board; base salary $650,000 and 35,000 RSUs vesting over 4 years.
Constantine Macricostas steps down as interim CEO, remains Chairman; additional $50k retainer, 10,000 RSUs vesting quarterly over 1 year, company car.
Adam Lewis joins Board as independent director; $4k per meeting, $30k cash retainer, 12,000 RSUs vesting quarterly over 1 year.
Lee's appointment effective May 16, 2022; Board aims to leverage his experience for growth in Asia and globally.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Dr. Frank Lee

Chief Executive Officer

PLAB · PHOTRONICS INC

Effective: 2022-05-16
Filed: May 20, 2022, 7:59 PM ET

has been named Chief Executive Officer (“CEO”) and will join the Company’s Board of Directors.

Departed

Constantine Macricostas

interim Chief Executive Officer

PLAB · PHOTRONICS INC

Effective: 2022-05-16
Successor: Dr. Frank Lee
Filed: May 20, 2022, 7:59 PM ET

Mr. Macricostas will continue to serve as Chairman.

Appointed

Adam Lewis

Director

PLAB · PHOTRONICS INC

Effective: 2022-05-16
Filed: May 20, 2022, 7:59 PM ET

Adam Lewis is joining the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Frank Lee was named as Chief Executive Officer at PHOTRONICS INC.

Action: named
Role: Chief Executive Officer

Exact text from the filing

has been named Chief Executive Officer (“CEO”) and will join the Company’s Board of Directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.75

Constantine Macricostas departed as interim Chief Executive Officer at PHOTRONICS INC.

Action: stepped down
Role: interim Chief Executive Officer

Exact text from the filing

Mr. Macricostas will continue to serve as Chairman.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Lewis was appointed as Director at PHOTRONICS INC.

Action: joining
Role: Director

Exact text from the filing

Adam Lewis is joining the Board of Directors.

View on SEC.gov

PHOTRONICS INC filing history →

Source: SEC EDGAR

accession 0001140361-22-020106

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.