secwatch.observer — SEC 8-K summary
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Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001140361-24-042827
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036124042827/0001140361-24-042827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036124042827/ef20036709_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-042827

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