Photronics EVP Richelle Burr retires; receives $516K severance, restricted stock vesting thru Jan 2025

PHOTRONICS INC

Richelle Burr retired as EVP, CAO, General Counsel & Secretary effective Sept 30, 2024.
Receives $516,086 base salary continuation over 12 months + COBRA premiums for up to 12 months.
Continues vesting in 48,750 restricted shares through Jan 15, 2025; $50K legal fee reimbursement.
Separation includes mutual release, non-compete, non-solicitation, and potential consulting at $295/hour.

item 5.02 item 9.01

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Departed

Richelle Burr

executive vice president, chief administrative officer, general counsel and secretary

PLAB · PHOTRONICS INC

Effective: 2024-09-30
Filed: October 4, 2024, 7:59 PM ET

Photronics, Inc. (the “Company”) announces that Richelle Burr retired from her position as executive vice president, chief administrative officer, general counsel and secretary of the Company, effective September 30, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richelle Burr retired as executive vice president, chief administrative officer, general counsel and secretary at PHOTRONICS INC.

Action: retired
Role: executive vice president, chief administrative officer, general counsel and secretary

Exact text from the filing

Photronics, Inc. (the “Company”) announces that Richelle Burr retired from her position as executive vice president, chief administrative officer, general counsel and secretary of the Company, effective September 30, 2024.

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PHOTRONICS INC filing history →

Source: SEC EDGAR

accession 0001140361-24-042827

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