<SEC-DOCUMENT>0001206774-14-000498.txt : 20140213
<SEC-HEADER>0001206774-14-000498.hdr.sgml : 20140213
<ACCEPTANCE-DATETIME>20140213101233
ACCESSION NUMBER:		0001206774-14-000498
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140210
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140213
DATE AS OF CHANGE:		20140213

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:		14603509

	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><B><FONT face="Times New Roman">UNITED
STATES<BR></FONT></B><B><FONT face="Times New Roman">SECURITIES AND EXCHANGE
COMMISSION<BR>Washington, D.C. 20549</FONT></B></DIV>
<DIV align=center><FONT face="Times New Roman" size=3>____________________</FONT></DIV>
<P align=center><B><FONT face="Times New Roman" size=5>FORM
8-K</FONT></B><B><FONT face="Times New Roman"></FONT></B></P>
<P align=center><B><FONT face="Times New Roman">CURRENT
REPORT<BR></FONT></B><B><FONT face="Times New Roman">Pursuant To Section 13 Or
15(d) Of The Securities Exchange Act Of 1934</FONT></B></P>
<DIV align=center><IMG src="photronics_8kx3x1.jpg">
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  <TR vAlign=bottom>
    <TD noWrap align=left width="71%"><FONT face="Times New Roman" size=2>Date of report (Date
      of earliest event reported)&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="28%"><B><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      February 10,
  2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR></TABLE></DIV><BR>
<DIV align=center><BR>
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  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" width="100%"><B><FONT face="Times New Roman" size=2>PHOTRONICS,
      INC.</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="100%"><FONT face="Times New Roman" size=2>(Exact name of registrant as specified in
      its charter)</FONT></TD></TR></TABLE></DIV><BR>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="33%"><B><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Connecticut</FONT></FONT></B></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"><STRONG><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="31%"><B><FONT face="Times New Roman" size=2>0-15451</FONT></B></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"><STRONG><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="33%"><B><FONT face="Times New Roman" size=2>06-0854886</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>(State or other jurisdiction</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center" noWrap width="31%"><FONT face="Times New Roman" size=2>(Commission</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>(IRS Employer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>of incorporation)</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="31%"><FONT face="Times New Roman" size=2>File Number)</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>Identification
Number)</FONT></TD></TR></TABLE></DIV><BR>
<DIV align=center>
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  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="76%"><B><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>15 Secor Road, Brookfield, CT</FONT></FONT></B></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"><STRONG><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="23%"><B><FONT face="Times New Roman" size=2>06804</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="76%"><FONT face="Times New Roman" size=2>(Address of Principal Executive
      Offices)</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="23%"><FONT face="Times New Roman" size=2>(Zip
Code)</FONT></TD></TR></TABLE></DIV><BR>
<DIV align=center>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="74%"><FONT face="Times New Roman" size=2>Registrant's Telephone Number, including area code</FONT></TD>
    <TD noWrap align=right width="1%">&nbsp;<STRONG><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="24%"><B><FONT face="Times New Roman" size=2>(203)
      775-9000</FONT></B></TD></TR></TABLE><BR><BR>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" width="100%"></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="100%">
      <P align=justify><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Former name or former
      address, if changed since last report)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></P></TD></TR></TABLE></DIV><BR>
<P align=justify><FONT face="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></P>
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    <TD style="WIDTH: 1%; TEXT-ALIGN: left" noWrap><FONT face=Wingdings size=2>&#168;</FONT></TD>
    <TD style="WIDTH: 1%; TEXT-ALIGN: left" noWrap><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></TD>
    <TD style="WIDTH: 98%; TEXT-ALIGN: left" noWrap><FONT face="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 style="TEXT-ALIGN: left" noWrap><FONT face=Wingdings size=2>&#168;</FONT></TD>
    <TD style="TEXT-ALIGN: left" noWrap></TD>
    <TD style="TEXT-ALIGN: left" noWrap><FONT face="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 style="TEXT-ALIGN: left" noWrap><FONT face=Wingdings size=2>&#168;</FONT></TD>
    <TD style="TEXT-ALIGN: left" noWrap></TD>
    <TD style="TEXT-ALIGN: left" noWrap><FONT face="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 style="TEXT-ALIGN: left" noWrap><FONT face=Wingdings size=2>&#168;</FONT></TD>
    <TD style="TEXT-ALIGN: left" noWrap></TD>
    <TD style="TEXT-ALIGN: left" noWrap><FONT face="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>
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    <TD style="WIDTH: 1%; BORDER-BOTTOM: #ff0000 1pt solid; TEXT-ALIGN: left" noWrap></TD>
    <TD style="WIDTH: 1%; BORDER-BOTTOM: #ff0000 1pt solid; TEXT-ALIGN: left" noWrap></TD>
    <TD style="WIDTH: 98%; BORDER-BOTTOM: #ff0000 1pt solid; TEXT-ALIGN: left" noWrap>&nbsp;</TD></TR></TABLE><BR>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=justify><B><U><FONT face="Times New Roman" size=2>Item 2.02</FONT></U></B><B><FONT face="Times New Roman" size=2>&nbsp;</FONT></B><FONT face="Times New Roman" size=2></FONT><B><U><FONT face="Times New Roman" size=2>Results of Operations and Financial
Condition</FONT></U></B></P>
<P align=justify><FONT face="Times New Roman" size=2>On February 10, 2014, the Company
issued a press release announcing preliminary financial results for the first
quarter of fiscal 2014. A copy of the press release is attached to this 8-K.
</FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>A copy of the press release is
furnished as Exhibit 99.1 to this report. The information contained in this Item
2.02 and the attached Exhibit 99.1, shall not be deemed &#147;filed&#148; for purposes of
Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated
by reference in any filing under the Securities Act of 1933 except as shall be
expressly set forth by specific reference in such filing. </FONT></P>
<P align=justify><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>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; <FONT face="Times New Roman" size=2>(d) Exhibits
</FONT><br><FONT face="Times New Roman" size=2><FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>99.1 Press
Release dated February 10, 2014 </FONT></P>

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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=justify><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>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center" noWrap width="100%">
      <P align=justify><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <STRONG>PHOTRONICS,
      INC.</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></P></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="100%">
      <P align=center><FONT face="Times New Roman" size=2>(Registrant)</FONT></P></TD></TR></TABLE></DIV><BR><BR>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><B><FONT face="Times New Roman" size=2>DATE: February 12, 2014</FONT></B></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"><STRONG><FONT face="Times New Roman" size=2>BY&nbsp;</FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><B><FONT face="Times New Roman" size=2>/s/
      </FONT></B><B><I><FONT face="Times New Roman" size=2>Richelle E.
      Burr</FONT></I></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>Richelle E. Burr</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>Vice
      President, General Counsel</FONT></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #ff0000 1pt solid" noWrap align=left width="50%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #ff0000 1pt solid" noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #ff0000 1pt solid" noWrap align=left width="49%"></TD></TR>
  <TR>
    <TD noWrap align=left width="50%">
      <P align=justify><FONT face="Times New Roman" size=2>PHOTRONICS, INC.
      </FONT></P></TD>
    <TD noWrap align=left width="1%"></TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>PRESS RELEASE DATED FEBRUARY 10, 2014
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    <TD width="50%"><IMG src="photronics_8kx3x1.jpg" border=0></TD>
    <TD style="padding-bottom: 2pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: right" width="50%" rowSpan=2>
      <P><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>Pete
      Broadbent<BR>Vice President, Investor Relations<BR>&amp;
      Marketing<BR>(203) 775-9000<BR></FONT><FONT face="Times New Roman" size=2>pbroadbent@photronics.com</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" width="50%" ><I><FONT face="Times New Roman" size=4>Press</FONT></I>
      <I><FONT face="Times New Roman" size=4>Release</FONT></I></TD></TR></TABLE><BR>
<BR>
<P align=center><B><FONT face="Times New Roman" size=4>Photronics Announces Preliminary
Financial Results<BR>for the First Quarter of Fiscal 2014 </FONT></B></P>
<P align=justify><FONT face="Times New Roman" size=2>BROOKFIELD, Connecticut February 10,
2014 &#151; </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,</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>announced preliminary
financial results for the first quarter of fiscal 2014.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; <FONT face="Times New Roman" size=2>Photronics
expects revenues for the first quarter ended February 2, 2014 will be
approximately $101.5 million compared with previous guidance announced on
December 11, 2013 of $103 million to $107 million. As a result of the
lower-than-expected revenue, Photronics expects that earnings per diluted share,
exclusive of any Taiwan JV transaction costs, for the first fiscal quarter will
be in the range of $0.03 to $0.04 compared with previous guidance in the range
of $0.06 to $0.10. Photronics plans to provide guidance for the second quarter
of fiscal 2014 during its regularly scheduled first quarter fiscal 2014
financial results conference call scheduled for February 19, 2014.</FONT></P>
<P align=justify><FONT face="Times New Roman" size=2><FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>"We expect that our first quarter revenue and EPS will be lower than
previously anticipated as a result of a number of factors, including a slower
than projected post-holiday recovery in our mainstream business in the U.S. and
Europe, a delayed ramp in our high-end memory, and the absence of a pre-Lunar
New Year pull-in in Taiwan. On the positive side, our Korean IC business was
stronger sequentially. We continue to expect that the strength of our
technology, our financial position and our deep customer relationships will lead
to solid growth for the year," stated Constantine ("Deno") Macricostas,
Photronics' chairman and chief executive officer.</FONT></P>
<P align=justify><FONT face="Times New Roman" size=2><FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>"Looking longer term, we are confident in our ability to capitalize on
our leadership position in high-end capability to deliver long-term growth and
profitability," concluded Macricostas.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp; <FONT face="Times New Roman" size=2>Photronics
plans to announce its fiscal first quarter 2014 financial results at 4:30 p.m.
Eastern Time on Tuesday, February 18, 2014 and host a conference call with
investors to discuss these results at 8:30 a.m. Eastern Time on Wednesday,
February 19, 2014. The live dial-in number is</FONT><FONT face="Times New Roman" size=2>
</FONT><FONT face="Times New Roman" size=2>(408) 774-4601. The call can also be accessed by
logging onto Photronics' web site at www.photronics.com. </FONT></P>
<P align=center><FONT face="Times New Roman" size=2># # # </FONT></P>
<P align=justify><FONT face="Times New Roman" size=1>Photronics</FONT><FONT face="Times New Roman" size=1> is a leading worldwide manufacturer of </FONT><FONT face="Times New Roman" size=1>photomasks</FONT><FONT face="Times New Roman" size=1>. 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 </FONT><FONT face="Times New Roman" size=1>manufacturing facilities</FONT><FONT face="Times New Roman" size=1> in
Asia, Europe, and North America. Additional information on the Company can be
accessed at </FONT><FONT face="Times New Roman" size=1>www.photronics.com</FONT></P>
<P align=justify><FONT face="Times New Roman" size=1>The Private Securities Litigation
Reform Act of 1995 provides a &#147;safe harbor&#148; 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.
These risks and uncertainties include, but are not limited to, economic,
competitive, legal, governmental, and technological factors as well as decisions
we may make in the future regarding our business, capital structure and other
matters. Accordingly, there is no assurance that the Company&#146;s expectations will
be realized. For a fuller discussion of the factors that may affect the
Company's operations, see "Forward Looking Statements" in the Company's
Quarterly and Annual Reports to the Securities and Exchange Commission on Forms
10-Q and 10-K. The Company assumes no obligation to provide revisions to any
forward-looking statements.</FONT></P>
<P align=justify><FONT face="Times New Roman" size=1>03-2014 </FONT></P>
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#'__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
