---
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"
generated_at: "2026-06-25T08:55:57.442679+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Photronics names Frank Lee CEO, adds Adam Lewis to board

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-020106
- JSON: https://secwatch.observer/filing/0001140361-22-020106.json
- Plain text: https://secwatch.observer/filing/0001140361-22-020106.txt

## Key facts
- Executive change
  Dr. Frank Lee was named as Chief Executive Officer at PHOTRONICS INC.
  - Action: named
  - Role: Chief Executive Officer
  source text: has been named Chief Executive Officer (“CEO”) and will join the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm
- Executive change
  Constantine Macricostas departed as interim Chief Executive Officer at PHOTRONICS INC.
  - Action: stepped down
  - Role: interim Chief Executive Officer
  source text: Mr. Macricostas will continue to serve as Chairman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm
- Executive change
  Adam Lewis was appointed as Director at PHOTRONICS INC.
  - Action: joining
  - Role: Director
  source text: Adam Lewis is joining the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm

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