• SEC Filings

On August 25, 2017, Photronics, Inc. (the “Company”) announced that Sean T. Smith, the Company’s senior vice president and chief financial officer, will be on a medical leave of absence indefinitely, effective immediately. Other executive officers of the Company will assume Mr. Smith’s management duties during his absence and will remain in their current positions while carrying out such additional responsibilities. No additional compensation will be paid in connection with the performance of the additional duties. During the medical leave of absence, Peter S. Kirlin, the Company’s chief executive officer, will act as the Company’s principal financial officer as well as its principal executive officer. If Mr. Smith does not return from the medical leave prior to the end of September, his previously announced successor, John P. Jordan, will assume the role of the Company’s principal financial officer as of such date.

About PHOTRONICS, INC. (NASDAQ:PLAB)

Photronics, Inc. is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The Company supports customers across the full spectrum of integrated circuit (IC) production and flat panel display (FPD) technologies by manufacturing photomasks using electron beam or optical (laser-based) systems. The end markets served with IC photomasks include devices used for microprocessors, memory, telecommunications and related applications. The Company sells products to manufacturers in the semiconductor and FPD industries in North America, Europe and Asia. In the case of ICs, the Company includes photomasks at and below the 45 nanometer technology node and, for FPDs, at and above the Generation 8 technology node and active-matrix organic light-emitting diode display screens. The Company operates principally from over nine manufacturing facilities, which are located in Europe, Taiwan, Korea and the United States.