2 unchanged sentences
In September 2020, the Company’s Board of Directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b-18 of the Exchange Act.
−Removed: The repurchase authorization by the Board of
−Removed: Directors has no expiration date, does not obligate the Company to acquire any common stock, and is subject to market conditions.
−Removed: From September 2020 through October 2022, the Company repurchased 5.8 million shares at a cost of $68.3 million.
−Removed: shares were repurchased during the three- or nine-month periods ended July 28, 2024.
−Removed: In August 2024, the Board of Directors authorized an increase to the Company’s existing share repurchase program from the remaining $31.7 million up to $100
−Removed: During the three-month period ended August 3, 2025, the Company repurchased 1.2 million shares at a cost of $20.7 million pursuant to Rule 10b-18 of the Exchange Act.
−Removed: During the nine-month period ended August 3, 2025, the Company
−Removed: repurchased 5 million shares at a cost of $97.4 million pursuant to Rule 10b-18 of the Exchange Act.
−Removed: In June 2025, the Board of Directors authorized an additional $25 million share repurchase.
−Removed: As a result, as of August 3, 2025, $27.6 million
−Removed: remained available under this authorization.
−Removed: All shares repurchased under the program have been retired.
−Removed: The following table provides information relating to the Company’s repurchase of common stock during the third quarter of fiscal year 2025.
−Removed: This table excludes shares repurchased to settle employee tax withholding related to the vesting of stock
−Removed: Part of Publicly
−Removed: Dollar Value of
−Removed: Shares That May
−Removed: Yet Be Purchased
−Removed: (in millions)
−Removed: May 5, 2025 – June 1, 2025
−Removed: June 2, 2025 – June 29, 2025
−Removed: June 30, 2025 – August 3, 2025
+Added: The repurchase authorization
+Added: by the Board of Directors has no expiration date, does not obligate the Company to acquire any common stock, and is subject to market conditions.
+Added: From September 2020 through October 2022, the Company repurchased 5.8 million shares at a cost of $68.3
+Added: In August 2024, the Board of Directors authorized an increase to the Company’s existing share repurchase program from the remaining $31.7 million up to $100 million.
+Added: In June 2025, the Board of Directors authorized an additional $25 million
+Added: share repurchase.
+Added: In fiscal year 2025, the Company repurchased 5.0 million shares at a cost of $97.4 million (an average of $19.52 per share).
+Added: All shares repurchased under the program have been retired prior to the end of the fiscal quarter in which
+Added: they were purchased.
+Added: During the three month period ended February 1, 2026, the Company did not repurchase any additional shares.
+Added: As of February 1, 2026, $27.6 million remained available under this authorization for the repurchase of shares.
DEFAULTS UPON SENIOR SECURITIES
1 unchanged sentence
Not applicable
−Removed: OTHER INFORMATION
−Removed: Rule 10b5-1 Trading Arrangements
−Removed: Our directors and officers (as defined in Rule 16a-1 under the Exchange Act) may from time to time enter into plans or other arrangements for the purchase or sale of our shares that are intended to satisfy the
−Removed: affirmative defense conditions of Rule 10b5–1(c) or may represent a non-Rule 10b5-1 trading arrangement under the Exchange Act.
−Removed: No such plans or arrangements were adopted or terminated , including by modification, by any director or officer (as defined in Rule 16a-1 under the Exchange Act) during the quarter ended August 3, 2025 .
−Removed: Incorporated by Reference
−Removed: Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a)
−Removed: of the Exchange Act, as adopted pursuant to Section 302 of
−Removed: the Sarbanes-Oxley Act of 2002.
−Removed: Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a)
−Removed: of the Exchange Act, as adopted pursuant to Section 302 of
−Removed: the Sarbanes-Oxley Act of 2002.
−Removed: Certification of Chief Executive Officer pursuant to 18 U.S.C.
−Removed: Section 1350, as
−Removed: adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: Certification of Chief Financial Officer pursuant to 18 U.S.C.
−Removed: Section 1350, as
−Removed: adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
−Removed: Inline XBRL Taxonomy Extension Schema Document
−Removed: Inline XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Label Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
−Removed: Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: Photronics, Inc.
−Removed: /s/ ERIC RIVERA
−Removed: Executive Vice President,
−Removed: Chief Financial Officer
−Removed: (Principal Financial Officer
−Removed: /Principal Accounting Officer)
−Removed: September 9, 2025
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.