Photronics Adds David Garcia to its Board of Directors

On December 12, 2024, Photronics, Inc. (NASDAQ: PLAB) made a significant update to its Board of Directors, expanding from eight members to nine and appointing David Garcia to the board. Garcia, with over thirty years of experience in corporate law, finance, and mergers & acquisitions, brings a wealth of expertise in advising both publicly and privately held companies on corporate governance and strategic transactions. He has been involved in structuring corporate partnerships, technology development agreements, and distribution and licensing agreements throughout his career.

Starting his legal journey in Silicon Valley, Garcia later practiced with Hale Lane in Reno, Nevada until it merged with Holland & Hart in July 2008. Subsequently, he continued his legal practice at Holland & Hart until March 2023 when he transitioned to become a strategic advisor. Garcia holds an A.B. in Sociology with an organizational behavior concentration from Stanford University and a Juris Doctor from Harvard Law School.

In the announcement of Garcia’s appointment to the Board of Directors, Photronics highlighted that he would be compensated similarly to other board members, including receiving cash retainers for Board and Committee memberships along with restricted stock. As of now, Garcia has not been assigned to any Board committees.

Photronics, known for its photomask technologies and solutions, has been a key player in the industry for over 50 years. The company operates across 11 strategically located manufacturing facilities in Asia, Europe, and North America.

Constantine (“Deno”) Macricostas, chairman of Photronics, expressed his welcome to David Garcia, emphasizing the value Garcia’s extensive experience in financings, mergers & acquisitions, and securities transactions would bring as the company evaluates various business development opportunities.

Investors and stakeholders interested in further details can access the press release announcing Garcia’s appointment on December 18, 2024. Moreover, additional information regarding Photronics can be found on their website.

Forward-looking statements made in this press release address the company’s industry, strategic position, and financial and operating results. While the company believes these statements are reasonable, it cautions that actual results may differ due to various risks and uncertainties. Interested parties are encouraged to review Photronics’ Annual Report on Form 10-K for the fiscal year ending October 31, 2023, and subsequent SEC filings for an understanding of the factors that could impact their actual results.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Photronics’s 8K filing here.

Photronics Company Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.