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Photronics Appoints Michelle Almeida to the Board of Directors

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BROOKFIELD, Conn., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq:PLAB), a worldwide lea...

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Corporate Developments

The leadership change is likely to influence investor sentiment and strategic direction positively. Experienced directors often lead to better decisions impacting long-term growth.

FAQ

Why Bullish?

The appointment of a strategic leader can enhance governance and attract investors. Historical examples show that board improvements typically positively influence stock performance.

How important is it?

The leadership change is likely to influence investor sentiment and strategic direction positively. Experienced directors often lead to better decisions impacting long-term growth.

Why Long Term?

Strategic board changes require time to materialize in performance metrics. Positive impacts often manifest gradually as new strategies are implemented.

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Photronics Announces Appointment of Michelle Almeida to Board of Directors

On January 7, 2026, Photronics, Inc. (Nasdaq: PLAB), a global leader in photomask technologies and solutions, officially appointed Michelle Almeida to its Board of Directors. This strategic addition, which took effect on January 1, 2026, sees Ms. Almeida join as an independent director, enhancing the board's composition.

Leadership and Strategic Perspective

George Macricostas, Chairman and CEO of Photronics, expressed his enthusiasm about the new board member, stating, “Michelle brings strong leadership experience and a thoughtful, strategic perspective that will complement the skills and experience of our Board. We are pleased to welcome her to the Board as we continue to execute our long-term strategy.”

In response, Ms. Almeida remarked, “I am delighted to join the Photronics Board of Directors. I look forward to working with the Board and management team.”

About Photronics, Inc.

Founded in 1969, Photronics has established itself as a leading manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. These high-precision quartz plates carry microscopic images of electronic circuits and are essential in the IC and FPD manufacturing processes. With 11 strategically located manufacturing facilities across Asia, Europe, and North America, Photronics has been a trusted supplier for over 50 years.

  • Company: Photronics, Inc.
  • Stock Symbol: PLAB
  • Founded: 1969
  • Facilities: 11 locations globally

Forward-Looking Statements

Certain statements in this release may include “forward-looking statements” related to Photronics' strategic positioning, financial performance, and industry trends. These statements carry inherent risks and uncertainties that could cause actual results to differ materially from the current expectations. Stakeholders are encouraged to review the “Risk Factors” outlined in Photronics' Annual Report on Form 10-K for the fiscal year ended October 31, 2024, as well as other subsequent filings with the Securities and Exchange Commission.

Contact Information

For further information, please contact:

Ted Moreau
VP, Investor Relations
Phone: 469.395.8175
Email: tmoreau@photronics.com

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