<SEC-DOCUMENT>0001206774-14-001301.txt : 20140422
<SEC-HEADER>0001206774-14-001301.hdr.sgml : 20140422
<ACCEPTANCE-DATETIME>20140421191358
ACCESSION NUMBER:		0001206774-14-001301
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140411
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
FILED AS OF DATE:		20140422
DATE AS OF CHANGE:		20140421

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:		14775020

	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>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor=#ffffff>
<BR>
<P align=center><B><FONT face="Times New Roman" size=2>UNITED STATES</FONT></B><FONT face="Times New Roman" size=2> <BR></FONT><B><FONT face="Times New Roman" size=2>SECURITIES AND EXCHANGE
COMMISSION <BR>Washington, D.C. 20549</FONT></B><FONT face="Times New Roman"> </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></B><FONT face="Times New Roman"> </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=5>FORM 8-K</FONT></B><FONT face="Times New Roman">
</FONT></P>
<P align=center><B><FONT face="Times New Roman">CURRENT REPORT </FONT></B></P>
<P align=center><IMG src="photronics_8kx1x1.jpg" border=0>&nbsp;<BR><B><FONT face="Times New Roman" size=2>Pursuant To Section 13 Or 15(d) Of The Securities Exchange Act
Of 1934</FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>Date of report (Date of earliest event
      reported)&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="98%"><B><FONT face="Times New Roman" size=2>April 11, 2014</FONT></B></TD></TR></TABLE></DIV><BR>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="100%"><B><FONT face="Times New Roman" size=2>PHOTRONICS, INC.</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>(Exact name of registrant as
      specified in its charter)</FONT></TD></TR></TABLE></DIV><BR>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="32%"><B><FONT face="Times New Roman" size=2>Connecticut</FONT></B></TD>
    <TD noWrap style="text-align: center" width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="31%"><B><FONT face="Times New Roman" size=2>0-15451</FONT></B></TD>
    <TD noWrap style="text-align: center" width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="32%"><B><FONT face="Times New Roman" size=2>06-0854886</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="32%"><FONT face="Times New Roman" size=2>(State or other
jurisdiction</FONT></TD>
    <TD noWrap style="text-align: center" width="2%">&nbsp;</TD>
    <TD noWrap style="text-align: center" width="31%"><FONT face="Times New Roman" size=2>(Commission</FONT></TD>
    <TD noWrap style="text-align: center" width="2%">&nbsp;</TD>
    <TD noWrap style="text-align: center" width="32%"><FONT face="Times New Roman" size=2>(IRS Employer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="32%"><FONT face="Times New Roman" size=2>of incorporation)</FONT></TD>
    <TD noWrap style="text-align: center" width="2%"></TD>
    <TD noWrap style="text-align: center" width="31%"><FONT face="Times New Roman" size=2>File Number)</FONT></TD>
    <TD noWrap style="text-align: center" width="2%"></TD>
    <TD noWrap style="text-align: center" width="32%"><FONT face="Times New Roman" size=2>Identification
  Number)</FONT></TD></TR></TABLE></DIV><BR>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><B><FONT face="Times New Roman" size=2>15 Secor Road, Brookfield, CT</FONT></B></TD>
    <TD noWrap style="text-align: center" width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="94%"><B><FONT face="Times New Roman" size=2>06804</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="4%"><FONT face="Times New Roman" size=2>(Address of Principal Executive
      Offices)</FONT></TD>
    <TD noWrap style="text-align: center" width="1%">&nbsp;</TD>
    <TD noWrap style="text-align: center" width="94%"><FONT face="Times New Roman" size=2>(Zip
Code)</FONT></TD></TR></TABLE></DIV><BR>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="70%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="43%"><FONT face="Times New Roman" size=2>Registrant's Telephone Number, including
      area</FONT></TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="55%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="43%"><FONT face="Times New Roman" size=2>code</FONT></TD>
    <TD noWrap align=right width="1%"><B><FONT face="Times New Roman" size=2></FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="55%"><B><FONT face="Times New Roman" size=2>(203) 775-9000</FONT></B></TD></TR></TABLE></DIV><BR><BR>

<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" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>(Former name or former address, if changed since last
      report)</FONT></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #ff0000 1pt solid" noWrap align=center width="100%">&nbsp;
</TD></TR></TABLE><BR>
<P align=left><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><FONT face="Times New Roman">
</FONT></P>
<P align=left><FONT face=Webdings size=1>c </FONT><FONT face="Times New Roman" size=2>Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)<BR></FONT><FONT face=Webdings size=1>c </FONT><FONT face="Times New Roman" size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)<BR></FONT><FONT face=Webdings size=1>c </FONT><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><FONT face="Times New Roman"> <BR></FONT><FONT face=Webdings size=1>c </FONT><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><FONT face="Times New Roman"> </FONT></P>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=left><B><FONT face="Times New Roman" size=2>5.07</FONT></B><FONT face="Times New Roman" size=2>
</FONT><B><U><FONT face="Times New Roman" size=2>Submission of Matters to a Vote of Security
Holders</FONT></U></B></P>
<P align=left><FONT face="Times New Roman" size=2>On April 11, 2014, the Company held its
annual meeting of stockholders (the &#147;Annual Meeting&#148;) at the Company&#146;s
headquarters in Brookfield, Connecticut. At the Annual Meeting, the Company&#146;s
stockholders approved four (4) proposals. The proposals are described in detail
in the proxy statement relating to the Annual Meeting.</FONT><FONT face="Times New Roman">
</FONT></P>
<P align=left><U><FONT face="Times New Roman" size=2>Proposal 1.</FONT></U><FONT face="Times New Roman">
</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>The Company&#146;s stockholders elected six (6)
individuals to the Board of Directors as follows: </FONT></P>
<TABLE style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD NOWRAP ALIGN="LEFT" WIDTH="26%" STYLE="border: #000000 1pt solid; text-align: center"><B><U><FONT face="Times New Roman" size=2>Name</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><B><U><FONT face="Times New Roman" size=2>Votes
      For</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><B><U><FONT face="Times New Roman" size=2>Votes
      Withheld</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%"><B><U><FONT face="Times New Roman" size=2>Broker
      Non Votes</FONT></U></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="26%"><FONT face="Times New Roman" size=2>Walter Fiederowicz</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">52,726,820</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">1,598,683</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%"><FONT face="Times New Roman">3,455,580</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="26%"><FONT face="Times New Roman" size=2>Joseph Fiorita</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">52,728,712</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">1,596,791</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%"><FONT face="Times New Roman">3,455,580</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="26%"><FONT face="Times New Roman" size=2>Liang-Choo Hsia</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">52,927,038</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">1,398,465</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%"><FONT face="Times New Roman">3.455.580</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="26%"><FONT face="Times New Roman" size=2>Constantine Macricostas</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">52,784,434</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">1,541,069</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%"><FONT face="Times New Roman">3,455,580</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="26%"><FONT face="Times New Roman" size=2>George Macricostas</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">47,608,232</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">6,717,271</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%"><FONT face="Times New Roman">3,455,580</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="26%"><FONT face="Times New Roman" size=2>Mitchell Tyson</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">51,776,198</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face="Times New Roman">2,549,305</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%"><FONT face="Times New Roman">3,455,580</FONT></TD></TR></TABLE><BR>
<P align=left><U><FONT face="Times New Roman" size=2>Proposal 2.</FONT></U><FONT face="Times New Roman" size=2> </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>The Company&#146;s stockholders approved an
amendment to the Company&#146;s 2007 Long Term Incentive Plan, as previously amended,
to increase the authorized shares for issuance from 6,000,000 to 9,000,000 and
to amend the amount of restricted stock allowed to be issued thereunder from 15%
to 1,000,000 shares. </FONT></P>
<TABLE style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="19%"><B><U><FONT face="Times New Roman" size=2>Votes
      For</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="29%"><B><U><FONT face="Times New Roman" size=2>Votes
      Against</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><B><U><FONT face="Times New Roman" size=2>Abstentions</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="23%"><B><U><FONT face="Times New Roman" size=2>Broker
      Non Votes</FONT></U></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="19%"><FONT face="Times New Roman">43,363,796</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="29%"><FONT face="Times New Roman">10,918,128</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><FONT face="Times New Roman">43,579</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="23%"><FONT face="Times New Roman">3,455,580</FONT></TD></TR></TABLE><BR>
<P align=left><U><FONT face="Times New Roman" size=2>Proposal 3.</FONT></U><FONT face="Times New Roman">
</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>The Company's stockholders ratified the
appointment of Deloitte &amp; Touche LLP as the Company's independent registered
public accounting firm for fiscal year 2014 as set forth below:</FONT><FONT face="Times New Roman"> </FONT></P>
<TABLE style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="77%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><B><U><FONT face="Times New Roman" size=2>Votes
      For</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="43%"><B><U><FONT face="Times New Roman" size=2>Votes
      Against</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><B><U><FONT face="Times New Roman" size=2>Abstentions</FONT></U></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><FONT face="Times New Roman">56,972,447</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="43%"><FONT face="Times New Roman">773,968</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><FONT face="Times New Roman">34,668</FONT></TD></TR></TABLE><BR>
<P align=left><U><FONT face="Times New Roman" size=2>Proposal 4.</FONT></U><FONT face="Times New Roman">
</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>The Company's stockholders approved by
non-binding vote a resolution relating to the compensation of the named
executive officers of the Company as described in the compensation discussion
and analysis and the narrative disclosure as included in the proxy statement
relating to the annual meeting.</FONT></P>
<TABLE style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="19%"><B><U><FONT face="Times New Roman" size=2>Votes
      For</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="29%"><B><U><FONT face="Times New Roman" size=2>Votes
      Against</FONT></U></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><B><FONT face="Times New Roman" size=2>Abstentions</FONT></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="23%"><B><U><FONT face="Times New Roman" size=2>Broker
      Non-Votes</FONT></U></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="19%"><FONT face="Times New Roman">51,108,683</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="29%"><FONT face="Times New Roman">3,062,526</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="28%"><FONT face="Times New Roman">154,294</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="23%"><FONT face="Times New Roman">3,455,580</FONT></TD></TR></TABLE><BR>
<P align=left><FONT face="Times New Roman" size=2>As previously disclosed, the Company&#146;s
Board of Directors has determined that the Company will hold an advisory vote on
the compensation of its named executive officers (the &#147;say-on-pay vote&#148;) each
year until the next time that the Company proposes an advisory vote on the
frequency of the say-on-pay vote.</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

<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"> </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=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="30%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap 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" width="100%"><FONT face="Times New Roman" size=2>(Registrant)</FONT></TD></TR></TABLE></DIV><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><B><FONT face="Times New Roman" size=2>DATE:&nbsp;
    </FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><STRONG><FONT size=2 face="Times New Roman"><FONT face="Times New Roman">April 21,
      2014</FONT></FONT></STRONG></TD>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="1%"><B><FONT face="Times New Roman" size=2>BY&nbsp;&nbsp;
      </FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="54%"><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="44%" colSpan=3></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="54%"><FONT face="Times New Roman" size=2>Richelle E. Burr</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="44%" colSpan=3></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="54%"><FONT face="Times New Roman" size=2>Vice President, General
  Counsel</FONT></TD></TR></TABLE><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-TOP: #ff0000 1pt solid" noWrap align=left width="100%"><FONT face="Times New Roman" size=2>PHOTRONICS, INC.</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>photronics_8kx1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 photronics_8kx1x1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"`!;`$X#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^LG]J3_@J
M!^SY^R5\48_A1\3[_P"P^(I?"^E>*D'V7QM<!K#5[K4;2UPWA_X?^)+$[I-+
MN_\`F)>>/+/F6\8V,_SI_P`/V_V-O^@[_P"4OXJ?_.@KZS_:3_X)F?LG_M8_
M$5/BI\9O"_BO5_&*>'=,\++=Z/XY\0^'[/\`L?2+K4+RRA_L_3+J*U\V.?5+
MQGGV>9('`8_+D_/_`/PXR_X)[?\`0A^/_P#PZGC#_P"3:_'L\AXY?VKC7P_7
MX`63/$3_`+/68T,UECEAG)>S6)E1JJDZRC?F=.*AHM+W;_MO@'%?0#AP;PY'
MQ'RSZ057CJ.64%Q/5X;QG#<,BJ9KK]8EE<,5_M$<*[KV:J^^K._1'&?\/V_V
M-O\`H._^4OXJ?_.@H_X?M_L;?]![_P`IGQ3_`/G0UV?_``XR_P"">W_0A^/_
M`/PZGC#_`.3JR==_X(<_L'6VCZC<>'_AOXOU'6XK21]+L-6^,?CC2=-O+T+^
MZ@OM2M(]7N;"VE;Y9+J'2]0DMU_>?99]I0^3R?2*2N\1X:=-%A\Y;Z7LE5]?
MP/L8XO\`9FRDHK*/I.*[4??S#A*$4Y-*[G)J$8IO64I**U;:2,+_`(?M_L;?
M]!W_`,I?Q4_^=!1_P_;_`&-O^@]_Y2_BG_\`.AK\E/VEOV:?@;^RGJEE:_$W
M_@F%\7]4T/5Y'AT?QE\/?VP?%WC3PG?W,8=WM!J%A\*XKW3[PQ*7BM=;TO2I
MY]DJVJ7!BF:/Y9_X3']B#^'_`()G_M!,,D9'[3?C\9P2#D?\*L."",%<Y4C!
MZ&OS_'^)OBOE>*JX+,,WX$PN+H3<*M&IPIQYS1?NM2BXY?*%2G)-N$X2E&:]
MZ+<=7_2/#WT4_HB\691@\^X<X"\=LXR?,*2JX/'X/QF^CO4HUH<SC)6?'4:M
M.I3E&4*M*M3IU*4TZ=2$9IQ7]"/_``_;_8V_Z#O_`)2_BI_\Z"C_`(?M_L;?
M]!W_`,I?Q4_^=!7\]Q\8_L1=O^"9O[00X_Z.<\?]?_#6'IW_`$YH_P"$Q_8A
MY_XUG?M!]_\`FYOQ_P#_`#J_RS^-<:\7/$MV_P",@X`Z?\TMQY_=_P"I=YO[
MCVU]##Z,/_1K_I`/_O,7T=^R[<=_Y?J?T)#_`(+L_L<'D:X2/;2OBH?_`'D%
M?K[\./'&E?$SP!X*^(FA$MH?CKPGX<\8:,Y6Y0OI?B;1K+6]/<I>VEA>INM+
MZ$E;NQLKE22L]K;RJ\2?PW_\)?\`L0$Y_P"'9O[0?J?^,GOB$.,<C"_"T#MS
MC'`&*_M4_9G?1Y/V=_@6_AW0-1\)^'V^$'PT;0O">KWEQJ.K>%M';P5H;:9X
M<U34+R.&[OM1T2R:#3;V\N;>WFNKBV>=X4:0Y_6O"GC+B?BG%9O3X@S+A['4
M\)A\-/#1R/*>(,ME3J5:DU-XB6=86A&K%PBE!4)2E%WYXV:9_''TP?!#PG\)
M,DX+Q?ASPEXB\-XO.,US/#9G5XXXV\->*\/B\/A<'AZM"E@:/`G$.=XG!UH5
M:DIU:N/IX>C4II1HSE-2B>X5P_C_`.)?PZ^%>CP>(OB;X^\&_#K0+B^CTR#7
M/''BC0?"6CSZE/#/<0:=%J?B&^T^QDOIX+:ZGALTG-Q+%;7$J1LD,C+W%?A=
M_P`'!0_XPF\)'&2/C[X/QR1_S)GQ#/4$'&0.,$'KVK]#XSSZKPOPKGW$-'#T
M\55R?+<1CZ>&JSE3IUI4(\RISG!.48RV<HIM=$?S'X'>'F$\6?%WP]\-L?F.
M)RC!<:<39?D.)S/!TJ=?%8*EC)N,L10HUFJ52I"UXPJ-1ELS]./^&SOV0?\`
MHZO]G3_P]_PO_P#FFKTSX??&+X1?%Q=3;X6_%'X>_$V+17M8]:?P%XS\+^,X
MM(EO4N)+&/57\.:EJ*Z?)=K:7+VBW30M<"VG:'>(9"O^9^6`)`1.">N3WSU#
M?EUXZY[_`-4'_!N#SX;_`&I\`#&N?"H]#Q_H'Q"Y`!`!.2,D'`R,$G(_G_PR
M^D)FG'W&.6\,8GAW`9?0Q]+,)RQ5'&8BK5@\'@,1C(J-.I!1ESN@H2N]%)M7
M:/\`13Z4G[.3A#Z/W@KQ5XJ95XD\2<18[A[$</T:.4YAD^5X3"8A9SG^69/4
ME5KX>K*K%T(8^5:"A%\TZ<8RM%MK^D/QAX>3Q+H&JZ$+J_TN35M-U'3X]7T:
M3[)K&D2WMN;9=4TJ],4L5IJ5DTJW%G-*DH2XC24P3)%(H_GR\5_L*?\`!7'3
M_$FLVOAC_@H;X%/AA-2OCX:D\9>*_%.B>*9]"^T3+I<NO:9IGPMU?3+;56M5
M07Z:=JE]9&Z68VT[1X"_T;U^!?\`P7*\`_`72O`?PG^.GQ,^"7B3XK^*+/QL
M?A?9+X.^(]Q\--4BT/7="\0^*4DU74;;P5XY.M6>G:AX9ECL=/FTRT-G)K5Y
M+%J4:7;VEW^R^(N6X2OD=7-<1C<QP+RB+K<^"XGSOAC#RI5)TX55C,1DU/$S
MJ1BE&5+GP==QFN2,J<9S;_B7Z,O$^<8#C["\(9;D?#'$$>-:M/`4L+G_`(4\
M%^*^-H8_#T\1B,)+(LJXQQ654,'5Q$W.EC98;.\!"M1<:M>GBJF%P\%XW_PQ
M!_P6._Z2&?"#_P`.!XT/_O'>?Z^M'_#$'_!8_P#Z2&?!_P#\.!XT[]?^:.]Z
M_!X>-?V2^`/V)/C1GW_:IU`#W/\`R;D>O2G?\)I^R9_T9+\9_P#Q*O4.@Z?\
MVX__`*O>OYS_`-8>&T]>)L?;_L\/B'Y;7X8MV^YG^G/_`!#KQ+7_`#:GA;R_
MXXJ\`-K1VOXH_/6W3O<_>`?L/_\`!8[((_X*&_!\'(.!\0/&I.1TP!\'<$]<
M#N2*_H.^#NC^+?#WPI^&^@>/]<@\3^.M#\"^$=(\9^)K6:6YM/$7BK3O#NFV
M?B'7;.XFLM.DGM=6U>&\OH9GL+)I$G#M:6Q8P1_P(?\`":_LE9&?V)?C1U'3
M]JG43R<'C'[.7)/;_(K^[[]E>XTN\_9F_9ZO-$T:\\.Z+=_!'X4W.D>']0U-
M]:U#0]+F\!Z`^GZ1?:Q)8:5)JUYIMH8;.ZU)],TY[Z>&2Z:QM&E-O'^O>$N8
MY7CL5FZR[-,1F$J=#"NK&OQKQ)Q4J:E*IRRC2S[*\NAA.;5.IAY5)5+*,XQ4
M$W_&'TR.&>*\AR/@JKQ%PAE'#5'$YMF<,-6RWP)\./"&>)J4\%0E.E5QW!'%
MG$>)SF-.$U*.%QU+"T<.W[:G4J3J2C'WJOQY_P""VOP:^*?QR_9-\+>#/A#X
M$\2?$+Q1;_&CPOKEQH?ABQ:_OH-(M/#'C2QNM2GB4%EL[>YU*R@E=06$EU#@
M;=Q'[#4QPA*[U!)R%^4L<G!(!`)!.`<#!.,]N/U/B7(L/Q/D&;\/8JM6P^&S
MC`UL!6K8=0=>E3KQY93I*I&4'.*UBI1<6]T?R+X6>(.9>%'B+P=XD9/@L%F6
M9\&Y[@\]P.`S+VZP.+Q&#DY0HXIX:K1Q"I3;M)T:L)IV<9'^>6/^"</[=C8/
M_#+/Q=))ZKX8N2.OJ67/'!RHR?0U_19_P0B_9\^-W[/^B_M$V?QH^&/B[X:W
M'BC6/AS+H$?BS2VTQM8CTO3_`!M_:36".[F1;)[^T6?+9431E03OV_T#HT84
M!<!1P`%*@#/ICC^O6D585.51%.2<J@!RPPQR!G+#ACW'!XK\>X&^C_PYP'Q+
M@N)L!G><8S%8&GBZ=+#XN.!5"?UO"U<)-S='#TYKEIUI2BD_B4;MH_LOQZ_:
M+>)?C_X89]X6\1<#<#Y+E&?U\HKXG,<FEGSS&@\GS?!9Q0C1^O9GB<.U5KX&
MG3JN=*3]G*3C:5F2$_7CV_STZ\?XBORZ_P""BFH_M[SQ_#O2/V%M5\,:'?PW
MVOWWQ'UK5]0^&JW\,"6^G0^'='AT_P"(EEJ-M]DU)Y]5O9[RRMENX9-+M_\`
M2(H)"DWWO\6?B=H'PF\*3>,/$EIXLOM,M;BUM'MO!/@WQAX^UV:>]GB@A2W\
M->!](US7[B)2SRW5W#IQM;*VBFN+FYA4('_F*_:$_9"^!7[1OQD^(/QG\;?'
M+]MXZ_X_\17&J/9Q_L-_'J6UT72(<6>@^&[!F\#PJNF:'HL5KI=NP@>2X2"2
M[N5\VXF-??\`B!CL;#)JF7Y32EB,?C9TH5%AN)J/"V,PF$YG4EBJ&9SHXBI3
ME*I2C1Y*-*4Y4Y5'S14;/^?OHW\/</XGCC#\3<9XFCEW#N0T,36PLLX\'LR\
M9N',\S:<88591F7"F&Q^4X.O1HX7%U<>Z^-Q_LL/7H86V&K2J)T_1?+_`.#A
M$\?\+2\!'Z2_LL\_EX1Z^P[9XQ2>1_P<'_\`14/`7_?[]EK_`.9+OV]>@S7R
MK_P[4_9>/_-:_P!N#_Q!7X[]_P#N4*/^':G[+W_1;/VX/_$%?CO_`/,A7X4L
MMXM_EXJ_\7S/R_ZE#\W]_7?_`$-_UI\$?^?W@W_X[>E_]&Q]5^5_P<(X`'Q1
M\!XR/^6O[+7N>O\`PB7MSUQT(K^C'X*_\)S_`,*A^&`^)]U;WWQ*7X?>#%^(
M5]:'36M+WQP/#6E_\)9=VC:-;VND-;7&O_VA+`VEVUOI[1,ALH(+;RXD_DB_
MX=J_LNYQ_P`+L_;?R3C_`),6^.W7_P`)#/;''/:OZR_V??#^F>$_@9\'O">A
MWNMZGI'A?X7^`/#VF:CXDTF\T#Q'?Z?HWA'1M.LKWQ!H&H6MC?Z'K5W:V\4^
MJ:1>V=M=Z=?//:7-O#-$T8_4/#'"YQA\7FG]J+-U&6'P_LO[2\07QK'FYY\Z
MA2E@\*\`[--S3J>UNHV7(S^1OI99KP'F.3\(1X/EP/*O2S/,9XW_`%3^C"_`
M"NJ+PF'C2>,S%Y[G'^L5)SO[/!\E'ZE-NOSR]LHKV"N`^)4'BZY\+7T/@/Q3
MX7\%^+&$/]E>(_&?AF\\8^&[#;=VKWBZCX=T_P`7^!+N^%W9K/9VSP^)].^Q
MW5Q#>-]J6$V=QW]?/'[4W@?X#?$?X*>+O!O[3`T5O@OK":6OC!/$/B&]\+:.
MZ6NMZ9>:4+W7-.U'2;VS3^V;?3R/(U*V,Y'V9_-BFDB;]=Q"<J%91MS.E-13
MK2PZ<N5\J=>%YT4W9.K#]Y!-RA[Z1_%^6RC',<!*7/RQQN%E+V>!P^9S<57@
MY*&6XM/"X^3C=+!XA>PQ+_<U6H3;7FPTW]K7`Q^TO^S"!C`S^S'XWR1V=@_[
M7I8._P!YAD@,2%^4"E_LW]K;_HYC]F#M_P`VQ^-.W_=WG?OZU^:\7[#7_!"$
MQKFW^"+''+1_M`>,2IQD9&/'Q!SU/).[.23DF3_AAG_@A!_S[?!3_P`/_P",
MO_F^KX]8?$65_JWG_P`9KG-E:VFJ3];Z]'O8_<5C\,[/V6/V_P"C!^'"W<>C
MIQ:ZV346KI-)Z+](FTO]K1]H;]I;]E]@K!B#^S)XW&X#JIV_M?+P>.<Y&,#J
M:0:7^UN,?\9-?LP\#H/V8O&>WIS@']KMB!W`W''3-?F]_P`,,_\`!"#_`)]O
M@I_X?_QE_P#-]1_PPS_P0@_Y]?@I_P"'_P#&7_S?4/#U[;879J_^NF<=;>2N
MEZZ+1`\?AFE>EC_+_C0GAO?[.S<-KWMJ]7YGZ0_V7^UO_P!'-_LQ_P#B,?C+
M_P"BZH_LO]K?_HYO]F/_`,1C\9?_`$75?F]_PPS_`,$(/^?7X*?^'_\`&7_S
M?4?\,,_\$(/^?;X*?^'_`/&7_P`WU/V&(_ZAO_$TSCR\OZ^8+'87_GSCO_%"
M>&]].7^Y_6A^D/\`9?[7'&/VG/V8N#GG]F+QB?PS_P`-=9QZCH<<U]9^%X]1
MB\/:/#J^I:?K&KQ:981ZKJ^E64NFZ9JFI)9PK?:AIVES:KKD^F6-Y="6XL]/
MFUK5I+.VDBMWU*^9#<R?A2?V&_\`@A"&&(O@BI!&`?C[XRR#UZ_\+#3Z]!@?
M3-?MO\+=(\&>'_ASX&T#X<M9M\/]#\)>'-(\$+I]]+JEBGA+3M%L;3PVMGJD
M\]U/J5J-&ALC;W\]S<S74!CEDGE=FD?V<HI3A*NY^SVA;V>=X[-_FXXM*-'2
M5N:%W/9[:?"<;XJC7H8"-*.)@XU:K:K^'?#/!"DO9PTC7R&,:N/L]?9XA.G2
MMS0?-)G<^?%D+O`+%@`<@G;G/!`..#@@88<@D$$\5\0IO%T?AB^E\`^'O"_B
MKQ7$ULVEZ-XQ\27WA/P[<L+J!ISJ&O:9X8\8WUDL5NLLL)M_#NH&69(X7$*.
MTB_FK^V=\3?A5X0^/WP]^&5]^SG^VO\`M&?%OX@_"WQK\2;70_V6?BUK/@S2
M/#OP\^&GBKP;X5UK6?$6CW/[3WP,T$74NO\`Q-\.6=DNDV&LZS?F29KE((X8
MTF\S_94^(W[!G[8GC.Z\$?"6V_:SM-4T_P"!_A'XYZK)XZ_:"_:G\)#1--\3
M?%KXS_`[5/`>M:==?'^?6].^)'@/XE_`7XB>'/&V@S:6-+L+G3[272M=UBWO
M4F3OJSQW--4\-0G3U49O%N$I1:7O.$L)/EDKZ*\DFMWJ?-X*EPU&.&K8O-,Z
MAB(.E4JX:GP_A,1A^>,HRE26(7%.#K5*;:<?:*GAZKBVXJ#]Y?=HU/\`:]QQ
M\`?V9!G=G_C(3QXWS,<L<C]F/!!;)'<Y^8`\4O\`:?[7O_1`OV8^H_YN"\>]
MA_V;%_\`7':OROM?VD/V3_%?AS0O%WP;_9>_X*:?M`>&S\.?"_Q.^)6I_!WX
MP?'?7E^#NA>,H[V\T+0?$]OK'[7'AZY\9_$6;0K(>++SX;?!R'XE>-=,\)ZG
MX=UK4=&M4\4^&X-5F^(?Q^_9M\&?&+X7_"#PM^R)_P`%+?C))\=O"^H>.?@-
M\0?A7^TKXKO_`(>?&/P3H/A'P=XT\1>*_!^H^*OV\?">OVVD:%HGCSPY)='Q
M3X<\.W=S)=.NGVMX!"9O->%S-MO57;>N-PSW:?7)VW][>_S^D6;<'?RXKT_U
M?S*VMO\`JY>B7;7JNY^I/]I_M>_]$"_9CZ?]'`^/?7/_`$;%^G3OUIPU/]KW
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M\W_:W!W\N*]/]7\R7:W_`#<O^M?,_0[^T_VO?^B!?LQ]`/\`DX+Q[Z_]FQ?I
MT],T?VG^U[_T0+]F/JW_`#<%X][CC_FV+_\`7WQ7YG:1^TG_`,$Y?$?P6^'W
MQN\/R_M6ZMI'CO\`:2\*_LJWG@J+]I#]I.U^)7P]^*7C'6]7TC0#\1?"=_\`
MM(6C^'O#.JVNE0^*M%UV*\OT\2>"=<\/>*?#EOJVF:Q9O)T'Q+^)W[+?@C3?
M"NK>"_V>_P#@HA\?;34O@;X1_:1\?CX'_'/X\^);OX-_"+QS8W^H^&]5\<:?
MKG[6/AG4=<\6:U8Z-X@NM'^&WPLM/B)X^U:U\/ZE<V'A^:"327U0^JYGW[_\
MQF&[+_J3[]/ZU%FW!W\N*_\`$?S+167_`%<O_AM?,_1'^U/VOAT^`?[,@Z8(
M_:"\>\?^:QYZ_ECBOJ;PT=3.A:6=;LM.TW66L;-M6T[2+^;5=)L-3:UA:^L]
M,U.ZTW1[O4+"WN3)':7MUI6FW%Y`J7,MA9M*;:+\._'7QE_8Z\(>.3H'A[X-
M?\%`_BQ\/M#\.?"/Q9\2_C;\+_C)^TSKO@CX4:+\;K/3-6\`W/BSP;JG[3&B
M_'359%T#7-#\3>,+;P+\(?%TW@3PYJ]OJ7BJ/3A::Q#I?[D>'](L]`T32M$T
MYKIM/TC3[+3+!K_4M3UF^:SL+6&UMS>:OK5W?ZOJER8H4\_4-2O;N^O9=]U>
M75Q=2S2OWX"CBJ3J/$[2BN7]_2JV=XMZ4\'A+72U;=35=-W\_GV+R3%0P_\`
M9/ME.$YNLJN6XG`IQ<(J-IXCBGB'VC4D_=5/#-7NYU'I'\W_`-IW_@GYX9_:
MQ_:\^$'Q=^*=YK-Q\(_AW^S=\:?A?=Z#X'^,/QC^$/CJ\\=?$3XD?!'Q)HMY
M/?\`PC\1>#+K6_!L7AOP)XFM-8TW6?$\EHNI7FBSP:-=RLU[;^!0?\$9/V6-
M4_:RU/QWXQ_9]^!>O_LQ>$?V0?@9^S]\"OA/=66LOJ7P_P#%G@+XL_'SX@>-
M-6CL1:PVRVGBFT^)OAB6\UR\UO4O$6O^([75M4UZ.746FO\`4?V[V+Z?J?\`
M&C8OI^I_QKT3YL_##]D_]EK]N[]@GX/>#?@G\`_"O[)OQ7T;Q;HO@*Z\6:GX
M\^)_Q.^'5K\'/'O@WX2^`?@\MSX?TO0/A7XV;XM?#B\\%?"/P7JFB:!#+\*_
M$6F^)1XCM-0UR_T;4;+4]!^D=(_8F\6>$_C-_P`$R_$V@>*="U?P+^PQ^SS\
M;O@GXOO-<.I:7XL\62^-?A?\%/A[X6USP]HMI9ZKIL:RW'PYU75/$-G?ZW:+
MID-[I\=C<WKR&VC_`$^VKZ?J?\:-J^GZG_&@#\%?A5_P1V\*?#OXAM^T/>:9
MX/O_`-H?4_VO?VO?B/XQU6/Q=\0[SPMXO_9Y_:H^)7Q:B@TI?#^LQ3^'_"WQ
ME^'GPM^(.A:OX<\6^'O"-I?3>*_#>N^!KCQ8_AKQ[X@UZXZOPK^Q5^U-J_PB
M^`7[`'Q)TGX,P?LD?LQ>(?V8[[3/VB]`^(OB:]^-7QC\'?LD>.?`_P`0?A/X
M0U/X$O\`"S1O"/PZ\3^)-2^&O@_3?BIXEL?BQXAT2TTQ]?O_``1H\5[XAM(_
M"_[?[5]/U/\`C1L7TZ>Y_P`:`/Y]_CC_`,$E_B'XWTO]ACQ'\/M=^%OAWXJ?
M!7Q%^SCIO[3]_J,OB<:9\5/AO^SSK.M^+O`=YX9O[?199I?%WP[USQ%XNT#P
ME+K>C:?!J7A;XG^.+34+^*?2O#;0_1FA_L__`+:'[,[:3<_LU>&/V</'VI?$
MCX'_`+/?PN^*NH?%KXF?$'P-I_PS^)GP0^'DGP\C^)_A/2O"WPV\5O\`%CP)
M/H2V9O\`P1J6I_"KQ3'>^$XIM/\`$#1>*+R[\*_KYL7T_4^WO[=*-J^GZG_&
M@#\#OVT_^"?G[4?[1?B[PK>Z-X<_9BD^-&G>$O!>E^!?^"E/A[Q/\1?V;_VI
MOV<O$WA_3=/N?$VKZ5\.OAWX:\;67QF\!W_C"UUWQ=X>^$WB3XT>'_!,\?C!
MO`_C:QO],T^]\:ZO^Z^C175OI5A;WU^VJWMO9VL-WJ36\%J]_<I;Q">]>V@9
@H(&O)@]R88G>./S@B/(@61MK:OI_.C8OI^I_QH`__]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
