{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-020106","form_type":"8-K","ticker":"PLAB","cik":"0000810136","company_name":"PHOTRONICS INC","filed_at":"2022-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.779509+00:00","generated_at":"2026-06-25T08:55:57.442679+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Photronics names Frank Lee CEO, adds Adam Lewis to board","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-020106","json":"https://secwatch.observer/filing/0001140361-22-020106.json","markdown":"https://secwatch.observer/filing/0001140361-22-020106.md","text":"https://secwatch.observer/filing/0001140361-22-020106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/brhc10037783_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T08:55:57.442679+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac2e65b5b0","claim":"Dr. Frank Lee was named as Chief Executive Officer at PHOTRONICS INC.","evidence_excerpt":"has been named Chief Executive Officer (“CEO”) and will join the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"named"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e84abfd135","claim":"Constantine Macricostas departed as interim Chief Executive Officer at PHOTRONICS INC.","evidence_excerpt":"Mr. Macricostas will continue to serve as Chairman.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm","confidence":0.75,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"interim Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"fca616b463","claim":"Adam Lewis was appointed as Director at PHOTRONICS INC.","evidence_excerpt":"Adam Lewis is joining the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"joining"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}