<SEC-DOCUMENT>0001206774-12-000071.txt : 20120109
<SEC-HEADER>0001206774-12-000071.hdr.sgml : 20120109
<ACCEPTANCE-DATETIME>20120109171931
ACCESSION NUMBER:		0001206774-12-000071
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20120103
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120109
DATE AS OF CHANGE:		20120109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHOTRONICS INC
		CENTRAL INDEX KEY:			0000810136
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				060854886
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15451
		FILM NUMBER:		12518225

	BUSINESS ADDRESS:	
		STREET 1:		15 SECOR ROAD
		STREET 2:		PO BOX 5226
		CITY:			BROOKFIELD
		STATE:			CT
		ZIP:			06804
		BUSINESS PHONE:		2037759000

	MAIL ADDRESS:	
		STREET 1:		15 SECOR ROAD
		STREET 2:		P O BOX 5226
		CITY:			BROOKFIELD
		STATE:			CT
		ZIP:			06804

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHOTRONIC LABS INC
		DATE OF NAME CHANGE:	19900514
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>photronics_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>

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<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: Times New Roman">UNITED STATES<BR></FONT></FONT><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: Times New Roman">SECURITIES AND EXCHANGE
COMMISSION<BR>Washington, D.C. 20549</FONT></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: Times New Roman" size=2>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: Times New Roman" size=5>FORM 8-K</FONT></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: Times New Roman" size=3>CURRENT
REPORT<BR></FONT></FONT><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: Times New Roman" size=2>Pursuant To Section 13 Or 15(d) Of
The Securities Exchange Act Of 1934</FONT></FONT></DIV>
<DIV align=center><FONT style="FONT-FAMILY: Times New Roman" size=2><IMG src="photronics_8kx1.jpg"></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="10%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT style="FONT-FAMILY: times new roman" size=2>Date of report (Date of
      earliest event reported)&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="10%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;January 3,
      2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD></TR></TABLE></DIV>
<DIV align=left><BR></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="20%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" width="100%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>PHOTRONICS,
    INC.</FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="100%"><FONT style="FONT-FAMILY: times new roman" size=2>&nbsp;&nbsp;&nbsp;(Exact name
      of registrant as specified in its
  charter)&nbsp;&nbsp;&nbsp;</FONT></TD></TR></TABLE></DIV>
<DIV align=left><BR></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="23%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>Connecticut</FONT></FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="32%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>0-15451</FONT></FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="40%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>06-0854886</FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="23%"><FONT style="FONT-FAMILY: times new roman" size=2>(State or other
      jurisdiction</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="2%">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center" noWrap width="32%"><FONT style="FONT-FAMILY: times new roman" size=2>(Commission</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="2%">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center" noWrap width="40%"><FONT style="FONT-FAMILY: times new roman" size=2>(IRS Employer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="23%"><FONT style="FONT-FAMILY: times new roman" size=2>of incorporation)</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="2%">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center" noWrap width="32%"><FONT style="FONT-FAMILY: times new roman" size=2>File Number)</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="2%">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center" noWrap width="40%"><FONT style="FONT-FAMILY: times new roman" size=2>Identification
    Number)</FONT></TD></TR></TABLE></DIV>
<DIV align=left><BR></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="10%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="63%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>15 Secor Road, Brookfield,
      CT</FONT></FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="19%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06804&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="63%"><FONT style="FONT-FAMILY: times new roman" size=2>(Address of Principal
      Executive Offices)</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="18%">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center" noWrap width="19%"><FONT style="FONT-FAMILY: times new roman" size=2>(Zip
Code)</FONT></TD></TR></TABLE></DIV>
<DIV align=left><BR></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="10%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="72%"><FONT style="FONT-FAMILY: times new roman" size=2>Registrant's Telephone Number,
      including area code</FONT></TD>
    <TD noWrap align=right width="4%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="23%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(203)
      775-9000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD></TR></TABLE><BR></DIV>
<DIV align=left><BR></DIV>
<DIV>&nbsp;</DIV>
<DIV>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="100%"><FONT style="FONT-FAMILY: times new roman" size=2>(Former
      name or former address, if changed since last
report)</FONT></TD></TR></TABLE></DIV>
<DIV>&nbsp;</DIV>
<DIV>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-TOP: #ff0000 1pt solid" noWrap align=left width="100%"><FONT style="FONT-FAMILY: times new roman" size=2>&nbsp;</FONT></TD></TR></TABLE></DIV>
<DIV><FONT style="FONT-FAMILY: Times New Roman" size=2>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:
</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>
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  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT style="FONT-FAMILY: wingdings" size=2>o &nbsp; </FONT></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top width="99%"><FONT style="FONT-FAMILY: times new roman" size=2>Written communications
      pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT style="FONT-FAMILY: wingdings" size=2>o</FONT></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top width="99%"><FONT style="FONT-FAMILY: times new roman" size=2>Soliciting material pursuant
      to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT style="FONT-FAMILY: wingdings" size=2>o</FONT></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top width="99%"><FONT style="FONT-FAMILY: times new roman" size=2>Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT style="FONT-FAMILY: wingdings" size=2>o</FONT></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top width="99%"><FONT style="FONT-FAMILY: times new roman" size=2>Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</FONT></TD></TR></TABLE></DIV>
<DIV>&nbsp;</DIV>
<DIV>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

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    <TD style="BORDER-TOP: #ff0000 1pt solid" noWrap align=left width="100%"><FONT style="FONT-FAMILY: times new roman" size=2>&nbsp;</FONT></TD></TR></TABLE></DIV>
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<div style="PAGE-BREAK-BEFORE: always"></div><br>

<P align=left><B><FONT face="Times New Roman" size=2><U>Item
5.02(d)</U>&nbsp;</FONT></B><B><FONT face="Times New Roman" size=2><U>Election of
Directors</U></FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face="Times New Roman" size=2>On January 5,
2012 Photronics announced the appointment of Dr. Liang-Choo Hsia to the Board of
Directors. Dr. Hsia was elected to the Board of Directors of Photronics, Inc. on
January 3, 2012. Dr. Hsia will be a member of the Nominating Committee as well
as Chairman of the newly formed Strategy and Technology Committee. Dr. Hsia will
receive an annual retainer of $30,000 as well as 8,000 shares of restricted
stock of Photronics, Inc. and 12,000 options to purchase shares of Photronics,
Inc. Dr. Hsia will also receive $15,000 for being Chairman of the Strategy and
Technology Committee and $5,000 for being on the Nominating
Committee.</FONT></P>

<P STYLE="padding-left: 15pt; text-align: left"><FONT face="Times New Roman" size=2>A copy of the press release announcing Dr. Hsia's appointment is furnished as Exhibit 99.1 to this report.</font></P>
<P align=left><B><U><FONT face="Times New Roman" size=2>Item 9.01</FONT></U></B><FONT face="Times New Roman" size=2>. </FONT><B><U><FONT face="Times New Roman" size=2>Financial Statements
and Exhibits</FONT></U></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD width="100%"><FONT face="Times New Roman" size=2>Exhibits</FONT></TD></TR>
  <TR>
    <TD colSpan=2><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD></TR>
  <TR>
    <TD><FONT size=2 face="Times New Roman">&nbsp;</FONT></TD>
    <TD width="100%"><FONT face="Times New Roman" size=2>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release dated January
      5, 2012.</FONT></TD></TR></TABLE><BR>
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<div style="PAGE-BREAK-BEFORE: always"></div><br>
<P align=center><B><FONT face="Times New Roman" size=2>SIGNATURES</FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>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.
</FONT></P>
<DIV align=left><FONT face="Times New Roman" size=2></FONT>&nbsp;</DIV>
<DIV align=center>
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  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="100%">
      <DIV align=center><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman size="><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>PHOTRONICS,
      INC.</FONT></FONT></FONT></FONT></DIV></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" width="100%"><FONT style="FONT-FAMILY: times new roman" size=2>(Registrant)</FONT></TD></TR></TABLE></DIV>
<DIV>&nbsp;</DIV>
<DIV>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="2%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>DATE:&nbsp; </FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>January 9,
    2012</FONT></FONT></TD>
    <TD noWrap align=left width="40%">&nbsp;</TD>
    <TD noWrap align=left width="1%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>BY&nbsp; </FONT></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="FONT-FAMILY: times new roman" size=2>/s/ <FONT style="DISPLAY: inline; FONT-WEIGHT: bold"><FONT style="DISPLAY: inline; FONT-STYLE: italic"><FONT style="FONT-FAMILY: times new roman" size=2>Richelle E.
      Burr</FONT></FONT></FONT></FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="8%">&nbsp;</TD>
    <TD noWrap align=left width="40%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="49%"><FONT style="FONT-FAMILY: times new roman" size=2>Richelle E. Burr</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="8%">&nbsp;</TD>
    <TD noWrap align=left width="40%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="49%"><FONT style="FONT-FAMILY: times new roman" size=2>Vice President, General
      Counsel</FONT></TD></TR></TABLE>&nbsp;</DIV>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-TOP: #ff0000 1pt solid" noWrap align=left width="100%"><FONT style="FONT-FAMILY: times new roman" size=2>PHOTRONICS,
      INC.</FONT></TD></TR></TABLE>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>PRESS RELEASE DATED JANUARY 5, 2012
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="69%">
      <P><I><FONT face="Times New Roman" size=5><IMG src="exhibit99-1x1x1.jpg" border=0></FONT></I></P>
      <P><I><FONT face="Times New Roman" size=5>Press </FONT></I><I><FONT face="Times New Roman" size=5>Release</FONT></I></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=right width="30%">
      <P align=right><B><FONT face="Times New Roman" size=2>F</FONT></B><B><FONT face="Times New Roman" size=1>OR </FONT></B><B><FONT face="Times New Roman" size=2>F</FONT></B><B><FONT face="Times New Roman" size=1>URTHER </FONT></B><B><FONT face="Times New Roman" size=2>I</FONT></B><B><FONT face="Times New Roman" size=1>NFORMATION</FONT></B><B><FONT face="Times New Roman" size=2>:<BR></FONT></B><FONT face="Times New Roman" size=2>Sean T. Smith<BR>Senior
      Vice President<BR>Chief Financial Officer<BR>(203) 775-9000
      <BR></FONT><FONT face="Times New Roman" size=2>ssmith@photronics.com</FONT><FONT face="Times New Roman" size=2> <BR>&nbsp;</FONT></P></TD></TR></TABLE><BR>
<P align=center><B><FONT face="Times New Roman" size=5>P</FONT></B><B><FONT face="Times New Roman">HOTRONICS </FONT></B><B><FONT face="Times New Roman" size=5>A</FONT></B><B><FONT face="Times New Roman">PPOINTS </FONT></B><B><FONT face="Times New Roman" size=5>D</FONT></B><B><FONT face="Times New Roman">R</FONT></B><B><FONT face="Times New Roman" size=5>.</FONT></B><B><FONT face="Times New Roman"> </FONT></B><B><FONT face="Times New Roman" size=5>L</FONT></B><B><FONT face="Times New Roman">IANG</FONT></B><B><FONT face="Times New Roman" size=5>-C</FONT></B><B><FONT face="Times New Roman">HOO </FONT></B><B><FONT face="Times New Roman" size=5>H</FONT></B><B><FONT face="Times New Roman">SIA<BR></FONT></B><B><FONT face="Times New Roman">TO </FONT></B><B><FONT face="Times New Roman" size=5>B</FONT></B><B><FONT face="Times New Roman">OARD OF </FONT></B><B><FONT face="Times New Roman" size=5>D</FONT></B><B><FONT face="Times New Roman">IRECTORS</FONT></B><B><FONT face="Times New Roman" size=5> </FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Times New Roman" size=2>BROOKFIELD,
Connecticut January 5, 2012 -- </FONT><FONT face="Times New Roman" size=2>Photronics,
Inc.</FONT><FONT face="Times New Roman" size=2> (Nasdaq:PLAB), a worldwide leader in
supplying innovative imaging technology solutions for the global electronics
industry, announced that effective immediately, Dr. Liang-Choo (&#147;LC&#148;) Hsia,
</FONT><FONT face="Times New Roman" size=2>an executive in leading-edge semiconductor technology,
</FONT><FONT face="Times New Roman" size=2>was appointed to serve on the Company&#146;s Board of
Directors. Dr. Hsia, formerly Senior Technical Advisor to Global Foundries, is
filling the Board seat that until December 2010 was held by Dr. Willem D. Maris,
who passed away at that time. </FONT></P>
<P align=left><FONT face="Times New Roman" size=2><FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Constantine &#147;Deno&#148; Macricostas,
chairman and chief executive officer of Photronics stated, &#147;Dr. Hsia has a long
history of accomplishments in leading the node transition of semiconductor
manufacturing. LC brings both a vision for the future of semiconductor
fabrication and a unique global perspective to our management team. His critical
technology and leadership experience will be leveraged as we move forward in the
technology landscape.&#148; </FONT></P>
<P align=left><FONT face="Times New Roman" size=2><FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Dr. Hsia was formerly Senior Vice
President and Senior Technical Advisor at Global Foundries. He joined Global
Foundries as a result of the acquisition of Chartered Semiconductor
Manufacturing where, for over ten years, he played a pivotal role in defining
roadmaps for advanced node migration and oversaw the company&#146;s participation in
the Joint Development Alliance with IBM for advanced manufacturing to the
22/20nm nodes. He joined Chartered after serving for three years as Director of
Technology Development of United Microelectronics Corporation in Taiwan. Prior
to that, he spent over a decade with IBM as an advisory scientist in various
divisions.</FONT></P>
<P align=center><FONT face="Times New Roman" size=2>-- more --</FONT><FONT face="Times New Roman" size=2> </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=left><B><FONT face="Times New Roman" size=2>P</FONT></B><B><FONT face="Times New Roman" size=2>HOTRONICS </FONT></B><B><FONT face="Times New Roman" size=2>APPOINTS</FONT></B><B><FONT face="Times New Roman" size=2> </FONT></B><B><FONT face="Times New Roman" size=2>DR.</FONT></B><B><FONT face="Times New Roman" size=2> </FONT></B><B><FONT face="Times New Roman" size=2>L</FONT></B><B><FONT face="Times New Roman" size=2>IANG</FONT></B><B><FONT face="Times New Roman" size=2>-C</FONT></B><B><FONT face="Times New Roman" size=2>HOO
</FONT></B><B><FONT face="Times New Roman" size=2>H</FONT></B><B><FONT face="Times New Roman" size=2>SIA
TO </FONT></B><B><FONT face="Times New Roman" size=2>B</FONT></B><B><FONT face="Times New Roman" size=2>OARD OF </FONT></B><B><FONT face="Times New Roman" size=2>D</FONT></B><B><FONT face="Times New Roman" size=2>IRECTORS</FONT></B><B><FONT face="Times New Roman" size=2>&#133;&#133;&#133;&#133;&#133;
</FONT></B><B><FONT face="Times New Roman" size=2>PAGE TWO</FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Times New Roman" size=2>&#147;Photronics
is poised to lead the high-end evolution of the lithography business and I am
excited to join the management team at this strategic time,&#148; commented Dr. Hsia
on his appointment. &#147;I look forward to assisting the team in delivering advanced
mask fabrication services and technologies to IC and FPD manufacturers around
the world,&#148; furthered Dr. Hsia.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Times New Roman" size=2>Dr. Hsia, received his Ph.D. in physics
from Ohio State University and has authored or co-authored over 100 papers and
over 50 patents. He resides in Taiwan and has offices in Taiwan and
Singapore.</FONT></P>
<P align=center><FONT face="Times New Roman"># # # </FONT></P>
<P align=left><B><FONT face="Times New Roman" size=2>About Photronics </FONT></B></P>
<P align=left><FONT face="Times New Roman" size=2>Photronics</FONT><FONT face="Times New Roman" size=2>
is a leading worldwide manufacturer of </FONT><FONT face="Times New Roman" size=2>photomasks</FONT><FONT face="Times New Roman" size=2>. Photomasks are high precision
quartz plates that contain microscopic images of electronic circuits. A key
element in the manufacture of semiconductors and flat panel displays, photomasks
are used to transfer circuit patterns onto semiconductor wafers and flat panel
substrates during the fabrication of integrated circuits, a variety of flat
panel displays and, to a lesser extent, other types of electrical and optical
components. They are produced in accordance with product designs provided by
customers at strategically located manufacturing facilities in Asia, Europe, and
North America. Additional information on the Company can be accessed at
</FONT><FONT face="Times New Roman" size=2>www.photronics.com</FONT><FONT face="Times New Roman" size=2>.</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>The Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for forward-looking statements made by or
on behalf of Photronics, Inc. and its subsidiaries (the Company). The
forward-looking statements contained in this press release and other parts of
Photronics&#146; web site involve risks and uncertainties that may affect the
Company&#146;s operations, markets, products, services, prices, and other factors as
discussed in filings with the United States Securities and Exchange Commission.
These risks and uncertainties include, but are not limited to, economic,
competitive, legal, governmental, and technological factors. Accordingly, there
is no assurance that the Company&#146;s expectations will be realized. The Company
assumes no obligation to provide revisions to any forward-looking
statements.</FONT></P>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
