<SEC-DOCUMENT>0001206774-16-005309.txt : 20160404
<SEC-HEADER>0001206774-16-005309.hdr.sgml : 20160404
<ACCEPTANCE-DATETIME>20160404173026
ACCESSION NUMBER:		0001206774-16-005309
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160401
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20160404
DATE AS OF CHANGE:		20160404

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:		161551990

	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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<P align=center><B><FONT face="Times New Roman" size=4>UNITED
STATES<BR></FONT></B><B><FONT face="Times New Roman" size=4>SECURITIES AND
EXCHANGE COMMISSION<BR></FONT></B><B><FONT face="Times New Roman">Washington,
D.C. 20549 </FONT></B><FONT face="Times New Roman"></FONT></P>
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    <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=center width="100%"><B><FONT face="Times New Roman" size=5>&nbsp;<BR>FORM
      8-K</FONT></B> </TD></TR></TABLE><BR>
<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><FONT face="Times New Roman"></FONT></P><BR>
<P align=center><FONT face="Times New Roman" size=2>Date of report (Date of
earliest event
reported)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT face="Times New Roman" size=2>April 1, 2016 </FONT></B></P><BR>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><B><FONT face="Times New Roman">PHOTRONICS, INC.</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="100%"><FONT size=2 face="Times New Roman"><FONT face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Exact name of
      registrant as specified in its
      charter)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR></TABLE></DIV><BR><BR>
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    <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="1%"><STRONG><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="33%"><B><FONT face="Times New Roman" size=2>000-15451</FONT></B>
    </TD>
    <TD noWrap style="text-align: center" width="1%"><STRONG><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="33%"><B><FONT face="Times New Roman" size=2>06-0854886</FONT></B>
    </TD></TR>
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    <TD noWrap style="text-align: center" width="32%">
      <P align=center><FONT face="Times New Roman" size=2>(State or other
      jurisdiction<BR></FONT><FONT face="Times New Roman" size=2>of
      incorporation)</FONT></P></TD>
    <TD noWrap style="text-align: center" width="1%"></TD>
    <TD noWrap style="text-align: center" width="33%">
      <P align=center><FONT face="Times New Roman" size=2>(Commission<BR>File
      Number)</FONT></P></TD>
    <TD noWrap style="text-align: center" width="1%"></TD>
    <TD noWrap style="text-align: center" width="33%">
      <P align=center><FONT face="Times New Roman" size=2>(IRS
      Employer<BR>Identification Number)</FONT></P></TD></TR></TABLE><BR><BR>
<DIV align=center>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="60%"><B><FONT face="Times New Roman" size=2>15 Secor Road,
      Brookfield, CT</FONT></B> </TD>
    <TD noWrap style="text-align: center" width="20%"><STRONG><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></STRONG></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="19%"><B><FONT face="Times New Roman" size=2>06804</FONT></B>
  </TD></TR>
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    <TD noWrap style="text-align: center" width="60%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of
      Principal Executive
      Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap style="text-align: center" width="20%"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap style="text-align: center" width="19%"><FONT face="Times New Roman" size=2>(Zip
      Code)</FONT> </TD></TR></TABLE></DIV><BR>
<P align=center><FONT face="Times New Roman" size=2>Registrant&#146;s Telephone
Number, including area
code&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT face="Times New Roman" size=2>(203) 775-9000 </FONT></B></P><BR>
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    <TD style="BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #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)<BR>&nbsp;</FONT></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></P>
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    <TD noWrap align=left width="1%">
      <P><FONT face="Times New Roman" size=2>&#9744;</FONT></P></TD>
    <TD noWrap align=left width="1%"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=left width="98%">
      <P><FONT face="Times New Roman" size=2>Written communications pursuant to Rule 425 under the
      Securities Act (17 CFR 230.425)</FONT> </P></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%">
      <P><FONT face="Times New Roman" size=2>&#9744;</FONT></P></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><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 noWrap align=left width="1%">
      <P><FONT face="Times New Roman" size=2>&#9744;</FONT></P></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><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 noWrap align=left width="1%">
      <P><FONT face="Times New Roman" size=2>&#9744;</FONT></P></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><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><BR>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=left><B><FONT face="Times New Roman" size=2>ITEM 7.01 REGULATION FD
DISCLOSURE. </FONT></B></P>
<P align=left><FONT face="Times New Roman" size=2>In 2011, the Company issued $115 million principal amount of its 3.25% Senior Convertible Notes due 2016 (the
&#147;Notes&#148;). $57.5 million principal amount of the Notes were exchanged in 2015 for notes with substantially identical
terms other than the maturity date in 2019. The remaining $57.5 million principal amount of the Notes, which
contained a conversion rate of 96.3879 shares of common stock per $1,000 principal amount (equivalent to conversion
price of approximately $10.37) matured on April 1, 2016.</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>7,439,000 principal amount of
bonds converted into shares of Photronics common stock.</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>The 7,439,000 principal amount
equates to 717,025 shares of Photronics stock. The shares were issued to the
shareholders on Friday, April 1, 2016.</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Cash in lieu of fractional
shares was paid to the bondholders that converted in a total amount equal to
$47.82 </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Cash in the amount of
$50,061,000 was paid to the bondholders that did not convert. The cash payment
was made on Friday, April 1, 2016.</FONT><B><FONT face="Times New Roman" size=2>
</FONT></B></P>
<P align=left><FONT face="Times New Roman" size=2>The information contained in
this Item 7.01 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=left><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>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><B><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PHOTRONICS, INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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>
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    <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%"><B><FONT face="Times New Roman" size=2>April 4,
      2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
    <TD noWrap align=left width="77%"></TD>
    <TD noWrap align=left width="1%"><B><FONT face="Times New Roman" size=2>BY&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="20%"><FONT face="Times New Roman" size=2>/s/ Richelle E. Burr</FONT></TD></TR>
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    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="77%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="20%"><FONT face="Times New Roman" size=2>Richelle E. Burr</FONT></TD></TR>
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    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="77%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="20%"><FONT face="Times New Roman" size=2>Vice
      President, General Counsel</FONT></TD></TR></TABLE><BR>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>INDEX TO
  EXHIBITS</FONT></TD></TR></TABLE><BR>
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