{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-024672","form_type":"8-K","ticker":"PLAB","cik":"0000810136","company_name":"PHOTRONICS INC","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.421166+00:00","generated_at":"2026-05-18T09:50:51.309021+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Photronics amends CEO Macricostas employment agreement with $675K salary, 3-year term","bullets":["CEO George C. Macricostas gets $675,000 base salary under amended employment agreement effective May 28, 2025.","Term ends May 28, 2028 with automatic two-year renewals; 180-day non-renewal notice required.","Severance without Cause/for Good Reason: one year salary continuation plus 12 months benefits.","Change of Control severance: 1.5x (salary + highest annual bonus) plus 18 months benefits in lump sum.","Non-compete covenant for 18 months after termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-024672","json":"https://secwatch.observer/filing/0001140361-25-024672.json","markdown":"https://secwatch.observer/filing/0001140361-25-024672.md","text":"https://secwatch.observer/filing/0001140361-25-024672.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/810136/000114036125024672/0001140361-25-024672-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/810136/000114036125024672/ef20051532_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:50:51.309021+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"}