{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-017153","form_type":"8-K","ticker":"PLAB","cik":"0000810136","company_name":"PHOTRONICS INC","filed_at":"2025-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.351140+00:00","generated_at":"2026-05-22T23:22:19.165816+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Photronics signs employment pact with CFO Rivera; $425K base, 3-year term","bullets":["Base salary $425,261, subject to annual review by Compensation Committee for increase only.","Initial term ends April 30, 2028; auto-renewed for 2-year terms unless 180-day non-renewal notice.","Termination without cause or for good reason: 1 year salary, 12 months benefits continuation.","Change-of-control termination: 1.5x (salary + highest annual bonus), plus stub bonus, 18 months benefits.","Non-compete during employment and 18 months after termination in photomask business."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-017153","json":"https://secwatch.observer/filing/0001140361-25-017153.json","markdown":"https://secwatch.observer/filing/0001140361-25-017153.md","text":"https://secwatch.observer/filing/0001140361-25-017153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/810136/000114036125017153/0001140361-25-017153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/810136/000114036125017153/ef20048414_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T23:22:19.165816+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}