{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-020569","form_type":"8-K","ticker":"PLAB","cik":"0000810136","company_name":"PHOTRONICS INC","filed_at":"2025-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.351436+00:00","generated_at":"2026-05-20T09:32:43.430234+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Photronics Q2 GAAP EPS $0.15 vs $0.58 YoY; CEO Frank Lee steps down, George Macricostas named CEO","bullets":["GAAP net income $8.9M ($0.15/diluted) vs $36.3M ($0.58) in Q2 2024; non-GAAP $24.3M ($0.40) vs $28.7M ($0.46).","Revenue $211.0M, down 3% YoY; IC $155.9M (-3%), FPD $55.1M (-2%).","Q3 guidance: revenue $200-208M, non-GAAP EPS $0.35-0.41.","Dr. Frank Lee steps down as CEO, will focus on Asia operations; George Macricostas appointed CEO, remains Chairman.","Repurchased $72.1M in stock during quarter; cash and equivalents $558.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-020569","json":"https://secwatch.observer/filing/0001140361-25-020569.json","markdown":"https://secwatch.observer/filing/0001140361-25-020569.md","text":"https://secwatch.observer/filing/0001140361-25-020569.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/810136/000114036125020569/0001140361-25-020569-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/810136/000114036125020569/ef20049681_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T09:32:43.430234+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":[{"claim_id":"092a9db285","claim":"George Macricostas was appointed as Chief Executive Officer at PHOTRONICS INC.","evidence_excerpt":"Mr. George Macricostas will simultaneously assume the role of Chief Executive Officer of Photronics, Inc., while remaining Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/810136/000114036125020569/0001140361-25-020569-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"cf46e11d8b","claim":"Frank Lee changed role as Chief Executive Officer at PHOTRONICS INC.","evidence_excerpt":"On May 24, 2025, Dr. Frank Lee informed the Photronics, Inc. Board of Directors of his plans to retire in the next year or two. In order to prepare for this transition, effective with the earnings release on May 28, 2025, Dr. Lee has stepped down from his role as CEO of Photronics, Inc.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/810136/000114036125020569/0001140361-25-020569-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}