Highest-materiality recent filing
Shareholders elected eight directors: Michelle Almeida, David A. Garcia, Dr. Frank Lee, Adam Lewis, Daniel Liao, Constantine S. Macricostas, George C. Macricostas, and Mitchell G. Tyson.
Photronics Q1 FY2026 revenue $225.1M (+6.1% YoY); non-GAAP EPS $0.61 vs $0.52 YoY
GAAP net income $42.9M ($0.74 diluted EPS); non-GAAP net income $35.7M ($0.61 diluted EPS).
Eric Rivera appointed President effective Jan 12, 2026; continues as CFO and principal financial officer.
Photronics appoints Michelle Almeida to Board, expanding from 8 to 9 members
Board expanded from 8 to 9 members; Almeida appointed independent director effective Jan 1, 2026.
Photronics CTO Dr. Christopher Progler steps down effective Dec 29; considering advisory role
Dr. Progler entitled to $445,805 severance (12 months base salary) plus 360 days medical/dental coverage.
Photronics reports FY2025 revenue $849.3M (-2% YoY); GAAP EPS $2.28 vs $2.05
Full year revenue $849.3M (-2% YoY); GAAP diluted EPS $2.28 vs $2.05; non-GAAP EPS $2.01 vs $2.05.
Photronics Q3 net income $22.9M, non-GAAP EPS $0.51; guides Q4 rev $201-209M
Revenue $210.4M, down 0.3% YoY; GAAP EPS $0.39 vs $0.55 YoY; non-GAAP EPS $0.51 flat YoY.
Photronics amends CEO Macricostas employment agreement with $675K salary, 3-year term
CEO George C. Macricostas gets $675,000 base salary under amended employment agreement effective May 28, 2025.
Photronics Q2 GAAP EPS $0.15 vs $0.58 YoY; CEO Frank Lee steps down, George Macricostas named CEO
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).
Mr. George Macricostas will simultaneously assume the role of Chief Executive Officer of Photronics, Inc., while remaining Chairman of the Board.
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.
Max materiality 0.85 · Median 0.60 · Most common event leadership