secwatch.observer — SEC 8-K summary
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Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0001140361-22-020106
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Photronics names Frank Lee CEO, adds Adam Lewis to board
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/0001140361-22-020106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036122020106/brhc10037783_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-020106

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