Effective January 12, 2026, Photronics appointed Eric Rivera as President while he continues to serve as Chief Financial Officer, a role he has held since May 2024. Rivera first joined the finance leadership team as Corporate Controller in 2020 and was promoted to Chief Accounting Officer later that year. On the same date, Rui (Elie) Zhang was elevated from Corporate Controller to Chief Accounting Officer and will remain the principal accounting officer; Zhang joined the Company in 2020 and became Controller in 2024. Todd Alesio, who joined Photronics as Head of Global Human Resources in November 2024, was named Senior Vice President and Chief Administrative Officer. These changes, said Chairman and CEO George Macricostas, aim to reinforce accountability across finance, accounting and administrative functions under his continued leadership and to support clearer organizational execution.

On January 7, Lee Kang Jyh, a member of Photronics’ board of directors, executed an open-market sale of 10,000 directly held shares, representing 2.19% of his pre-trade holdings. Following the transaction, his direct ownership stands at 445,850 shares. This transaction size matches the median of his recent sell-only trades and involved no derivative exercises, indirect entities or administrative share movements. The sale took place during a period when the share value was elevated, with a 12-month price gain of approximately 41.7% through the close of trading on that date.

For fiscal 2025, Photronics reported revenue of $849.3 million, a 2% decline year-over-year, while GAAP net income rose to $136.4 million from $130.7 million in the prior year. Management highlighted strong U.S. demand validating recent capacity investments and growing diversification benefits from its operations in Korea. With shares up over 40% in the past year, the insider sale is viewed by management as routine rather than a signal of fundamental weakness, suggesting long-term investors should focus on Photronics’ stable cash flow generation and global manufacturing footprint across its 11 facilities in Asia, Europe and North America.