SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 3, 2001
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Photronics, Inc
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(Exact name of registrant as specified in its charter)
Connecticut 0-15451 06-0854886
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of Incorporation)
1061 East Indiantown Road, Jupiter, FL 33477
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 745-1222
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(Former name or former address, if changed since last report.)
Item 5. Other Events
The Company issued a press release on April 30, 2001 announcing a realignment of
its photomask business by consolidating three facilities located in California,
Florida and Germany. The Company reported that it will record an after tax
charge of between $23 million and $26 million, or a $0.67 to $0.75 per diluted
share, in the fiscal second quarter period ending April 30, 2001. A copy of the
press release is attached as an exhibit to this Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99. Press Release dated April 30, 2001 announcing the Company's
second quarter 2001 consolidation plan.
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.
PHOTRONICS, INC.
/s/ Robert J. Bollo
May 1, 2001 By: Robert J. Bollo
Title: Senior Vice President &
CFO
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