PHOTRONICS INC 8-K

What Happened
Photronics, Inc. (PLAB) announced on January 12, 2026 that Eric Rivera (age 49) has been appointed President while continuing to serve as the Company’s Chief Financial Officer and principal financial officer. The company also appointed Rui (Elie) Zhang (age 55) as Chief Accounting Officer — she will be the principal accounting officer and continue as Corporate Controller — and named Todd Alesio (age 48) Senior Vice President and Chief Administrative Officer, retaining his role as Head of Global Human Resources. The company issued a press release on January 13, 2026 announcing these officer appointments.

Key Details

• Eric Rivera appointed President on January 12, 2026; continues as CFO (CFO since May 2024; previously Chief Accounting Officer and Corporate Controller since 2020).
• Rui (Elie) Zhang appointed Chief Accounting Officer; has served as Controller since 2024 and was previously Assistant Controller.
• Todd Alesio appointed Senior VP & Chief Administrative Officer; with Photronics since November 2024 and previously VP of Human Resources at Sperry Rail, Inc. (since 2020).
• Filing states there are no arrangements, understandings, or related‑party transactions involving these appointees that must be disclosed under Item 404(a) of Regulation S‑K. Press release attached as Exhibit 99.1.

Why It Matters
These appointments represent a leadership reorganization that consolidates executive financial responsibilities (the CFO now also serves as President) and formalizes the company’s principal accounting officer. For investors, this is a governance and management update—important for assessing executive continuity and who is driving financial and administrative strategy at Photronics. The filing provides factual disclosures about roles, dates, and the absence of reportable related‑party arrangements but does not include compensation or strategic plans tied to these moves.