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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) 
January 12, 2026

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PHOTRONICS, INC.
(Exact name of registrant as specified in its charter)
 
Connecticut
  
0-15451
  
06-0854886
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

15 Secor Road, Brookfield, CT
 
06804
(Address of principal executive offices)
 
(Zip Code)

Registrant’s Telephone Number, including area code
(203) 775-9000

(Former name or former address, if changed since last report)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

 
       
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
 
COMMON STOCK, $0.01 par value per share
  
PLAB
  
NASDAQ Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 12, 2026, Photronics, Inc. (the “Company”) appointed Eric Rivera as its President. Mr. Rivera, age 49, will continue to serve as the Company’s Chief Financial Officer, which he has been since May 2024, and will remain the Company’s principal financial officer. Mr. Rivera previously served as the Company’s Chief Accounting Officer since 2020 and its Corporate Controller from 2020 until 2024.

On such date, as part of this transition, the Company also appointed Rui (Elie) Zhang as its Chief Accounting Officer. Ms. Zhang, age 55, has served as Controller of the Company since 2024, prior to which she was Assistant Controller. Ms. Zhang will now serve as the Company’s principal accounting officer and will continue in her role as Corporate Controller.

On such date, the Company also appointed Todd Alesio as its Senior Vice President and Chief Administrative Officer. Mr. Alesio, age 48, has been with the Company since November 2024, after serving as Vice President of Human Resources for Sperry Rail, Inc. since 2020. In this role, Mr. Alesio will retain his responsibility as Head of Global Human Resources.

There are no arrangements or understandings between Mr. Rivera, Ms. Zhang or Mr. Alesio and any other persons pursuant to which they were named to their respective offices. There are no related-party transactions involving Mr. Rivera, Ms. Zhang or Mr. Alesio that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.

On January 13, 2026, the Company issued a press release announcing the foregoing officer appointments, which is attached as Exhibit 99.1 and incorporated herein by reference.


Item 9.01.
Financial Statements and Exhibits.
 
(d)
Exhibits
Press Release dated January 13, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
PHOTRONICS, INC.
(Registrant)
 
 
 
 
 By: /s/ Christopher J. Lutzo
 
 Name: Christopher J. Lutzo
  Title:
Vice President, General Counsel and Secretary
 
 
 
Date: January 13, 2026
 
 


EX-99.1 2 ef20062773_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1


Press Release
For Further Information:
Ted Moreau
VP, Investor Relations
469.395.8175
tmoreau@photronics.com

Photronics Announces Executive Officer Appointments

BROOKFIELD, Conn. January 13, 2026 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, today announced certain executive officer appointments.
 
Effective January 12, 2026, Eric Rivera was appointed President of Photronics. Mr. Rivera will continue to serve as the Company’s Chief Financial Officer, a position he has held since May 2024, and will remain the Company’s principal financial officer. Mr. Rivera previously served as the Company’s Chief Accounting Officer beginning in 2020 and as Corporate Controller from 2020 to 2024.
 
Effective January 12, 2026, Rui (Elie) Zhang was appointed Chief Accounting Officer. Ms. Zhang will serve as the Company’s principal accounting officer and will continue to serve as Corporate Controller. Ms. Zhang has served as Controller since 2024 and previously served as Assistant Controller.
 
Also effective January 12, 2026, Todd Alesio was appointed Senior Vice President and Chief Administrative Officer. Mr. Alesio joined Photronics in November 2024 and will continue to serve as Head of Global Human Resources.
 
“These appointments are intended to enhance organizational clarity and support effective execution under my continued leadership,” said George Macricostas, Chairman and Chief Executive Officer of Photronics. “They are consistent with our existing management approach and are designed to reinforce accountability across key functions.”
 

About Photronics

Photronics is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 56 years. The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America. Additional information can be accessed at www.photronics.com.
 
Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” regarding our industry, our strategic position, and our financial and operating results.  These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially.  Please refer to Item 1A “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended October 31, 2025 and other subsequent filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements after the date of this release to conform these statements to actual results.