secwatch.observer — SEC 8-K summary
======================================

Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001140361-24-003315
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Photronics CFO John Jordan to retire Feb 23; Eric Rivera named interim CFO
--------------------------------------------------------------------------

- CFO John Jordan retires effective Feb 23, 2024; receives $410,000 severance (12 months' base salary) in 26 installments.
- Immediate vesting of 23,750 restricted stock shares; 12-month non-compete and non-solicitation provisions.
- Eric Rivera, VP/CAO/corporate controller, appointed interim CFO and principal financial officer effective Feb 23.
- Rivera earns $311,313 annual salary, eligible for bonus; previously granted 13,000 RSUs for FY2023 performance.
- Rivera has 24 years experience including IBM and Thomson Reuters; retains corporate controller and PAO roles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036124003315/0001140361-24-003315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036124003315/ef20019466_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-003315

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