Photronics names director George Macricostas as Executive Chairman
Photronics appointed board member George Macricostas to the newly described role of Executive Chairman, effective January 6, 2025, and announced it on January 10, 2025. The filing says he and his father, Constantine (Deno) Macricostas, will no longer be considered independent directors, leaving a nine-member board with six independent directors.
Key points
- George Macricostas, a Photronics director since 2002, was appointed Executive Chairman effective January 6, 2025.
- David Garcia, who joined the board in December 2024, takes over Macricostas's committee assignments.
- George and Deno Macricostas will no longer be considered independent; the board has nine members, six of whom are independent.
- His Employment Agreement terms are yet to be agreed with the Compensation Committee and will be disclosed upon execution.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 10, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.