---
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"
generated_at: "2026-05-22T23:22:19.165816+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Photronics signs employment pact with CFO Rivera; $425K base, 3-year term

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-017153
- JSON: https://secwatch.observer/filing/0001140361-25-017153.json
- Plain text: https://secwatch.observer/filing/0001140361-25-017153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.