PHOTRONICS INC 8-K

What Happened
Photronics, Inc. (PLAB) filed an 8-K reporting that it enlarged its Board of Directors from eight to nine members and elected Michelle Almeida as an independent director, effective January 1, 2026. The company issued a press release announcing the appointment on January 7, 2026.

Key Details

• Board enlarged from 8 to 9 members; Michelle Almeida elected effective Jan 1, 2026.
• Ms. Almeida has 25+ years of finance experience, is a Certified Public Accountant, and holds an M.S. in Accounting from the University of Pune.
• She currently serves as Vice President Corporate Finance, Treasurer at Compass Datacenters.
• No related-party transactions or special arrangements were disclosed; she will receive the same non-employee director compensation as others (cash retainers and restricted stock) and has not yet been assigned to any board committees.

Why It Matters
Adding an experienced finance executive to the board can strengthen corporate governance and financial oversight—relevant to investors evaluating management and board composition. The filing contains no unusual compensation or related-party issues, indicating a routine independent director appointment.