Photronics signs employment agreement with CFO Eric Rivera running to April 30, 2028
Photronics entered into an employment agreement dated April 30, 2025 with Eric Rivera, its Executive Vice President and Chief Financial Officer. The agreement sets an annual base salary of $425,261, an initial term ending April 30, 2028, and severance terms including a change-of-control provision.
Key points
- Annual base salary of $425,261, reviewable annually for increases only, with bonuses at the Compensation Committee's discretion
- Initial term ends April 30, 2028, then renews automatically for two-year terms unless 180 days' notice is given
- Without cause or for good reason: one year of base salary plus 12 months of health benefits
- After a change of control: 1.5 times the sum of base salary and highest annual bonus, plus 18 months of health benefits
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 May 02, 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.