Photronics CTO Dr. Christopher Progler steps down effective Dec 29; considering advisory role

PHOTRONICS INC

Dr. Progler entitled to $445,805 severance (12 months base salary) plus 360 days medical/dental coverage.
Progler served as EVP and CTO for more than 20 years; departure is part of planned transition.
Company exploring an advisory engagement with Progler to support strategic continuity.
No successor named; Photronics reaffirms focus on operational execution and technology investment.

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