Photronics Appoints New Board Member
Photronics (PLAB) has appointed David Garcia to its Board of Directors on December 12, 2024, expanding the board to nine members, with seven being independent. Garcia, a strategic advisor with approximately 30 years of legal experience at firms including Holland & Hart, Wilson Sonsini Goodrich & Rosati, and Venture Law Group, brings extensive expertise in mergers & acquisitions, venture capital financing, and securities offerings. His background includes counseling public and private companies on corporate governance and structuring technology-related transactions. Chairman Constantine Macricostas highlighted Garcia's experience as valuable for evaluating business development opportunities.
Photronics (PLAB) ha nominato David Garcia nel suo Consiglio di Amministrazione il 12 dicembre 2024, espandendo il consiglio a nove membri, di cui sette indipendenti. Garcia, un consulente strategico con circa 30 anni di esperienza legale in studi come Holland & Hart, Wilson Sonsini Goodrich & Rosati e Venture Law Group, porta con sé un'ampia competenza in fusioni e acquisizioni, finanziamenti in capitale di rischio e offerte di titoli. Il suo background include la consulenza a aziende pubbliche e private su temi di governance aziendale e sulla strutturazione di transazioni legate alla tecnologia. Il presidente Constantine Macricostas ha sottolineato l'esperienza di Garcia come un valore aggiunto per la valutazione delle opportunità di sviluppo commerciale.
Photronics (PLAB) ha nombrado a David Garcia en su Junta Directiva el 12 de diciembre de 2024, ampliando la junta a nueve miembros, de los cuales siete son independientes. Garcia, asesor estratégico con aproximadamente 30 años de experiencia legal en firmas como Holland & Hart, Wilson Sonsini Goodrich & Rosati y Venture Law Group, aporta una amplia experiencia en fusiones y adquisiciones, financiamiento de capital de riesgo y ofertas de valores. Su trayectoria incluye asesorar a empresas públicas y privadas sobre gobernanza corporativa y estructuración de transacciones relacionadas con la tecnología. El presidente Constantine Macricostas destacó la experiencia de Garcia como valiosa para evaluar oportunidades de desarrollo comercial.
포토로닉스(PLAB)는 2024년 12월 12일 데이비드 가르시아를 이사회에 임명하여 이사회를 9명으로 확대하였으며, 그 중 7명은 독립 이사입니다. 가르시아는 홀랜드 & 하트(Holland & Hart), 윌슨 손시니 굿리치 & 로사티(Wilson Sonsini Goodrich & Rosati), 벤처 로우 그룹(Venture Law Group) 등에서 약 30년의 법률 경험을 보유한 전략 고문으로, 인수합병, 벤처 캐피탈 금융 및 증권 공모 분야에서 폭넓은 전문 지식을 제공합니다. 그의 경력은 공기업 및 사기업에 대한 기업 지배 구조와 기술 관련 거래 구조화에 대한 자문을 포함합니다. 의장인 콘스탄틴 마크리코스타스는 가르시아의 경험이 비즈니스 개발 기회를 평가하는 데 중요하다고 강조했습니다.
Photronics (PLAB) a nommé David Garcia à son Conseil d'Administration le 12 décembre 2024, élargissant le conseil à neuf membres, dont sept sont indépendants. Garcia, conseiller stratégique avec environ 30 ans d'expérience juridique dans des cabinets tels que Holland & Hart, Wilson Sonsini Goodrich & Rosati et Venture Law Group, apporte une vaste expertise en fusions et acquisitions, financement en capital-risque et émissions de titres. Son parcours comprend le conseil auprès d'entreprises publiques et privées sur la gouvernance d'entreprise et la structuration de transactions liées à la technologie. Le président Constantine Macricostas a souligné l'expérience de Garcia comme un atout précieux pour évaluer les opportunités de développement commercial.
Photronics (PLAB) hat David Garcia am 12. Dezember 2024 in seinen Vorstand berufen und damit den Vorstand auf neun Mitglieder erweitert, von denen sieben unabhängig sind. Garcia, ein strategischer Berater mit rund 30 Jahren juristischer Erfahrung bei Kanzleien wie Holland & Hart, Wilson Sonsini Goodrich & Rosati und Venture Law Group, bringt umfangreiche Fachkenntnisse in Fusionen und Übernahmen, Risikokapitalfinanzierung und Wertpapierangeboten mit. Sein Hintergrund umfasst die Beratung öffentlicher und privater Unternehmen zu Unternehmensführung und der Strukturierung technologiebezogener Transaktionen. Vorsitzender Constantine Macricostas hob Garcias Erfahrung als wertvoll bei der Bewertung von Geschäftsentwicklungsmöglichkeiten hervor.
- Board expansion strengthens corporate governance with addition of experienced M&A and securities expert
- Maintains strong board independence ratio with 7 out of 9 members being independent
- Addition of strategic expertise in venture capital and technology transactions
- None.
BROOKFIELD, Conn., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced today the appointment of David Garcia to the company’s Board of Directors on December 12, 2024. This election expands Board membership to nine members, seven of whom are independent.
Mr. Garcia is currently a strategic advisor and previously spent approximately 30 years practicing law, most recently at Holland & Hart after starting his career at Wilson Sonsini Goodrich & Rosati and Venture Law Group. His extensive experience spans mergers & acquisitions, venture capital financing transactions and securities offerings. He has counseled both publicly and privately held companies in their corporate and governance affairs and has additional experience in structuring corporate partnering transactions and technology development, distribution and licensing arrangements.
“We welcome David to the Photronics Board of Directors,” said Constantine (“Deno”) Macricostas, chairman. “His extensive experience in financings, M&A, and other securities transactions will be valuable as the company evaluates a variety of business development opportunities.”
Mr. Garcia received an A.B. in Sociology with a concentration in organizational behavior from Stanford University in 1989, and a J.D., cum laude, from Harvard Law School in 1992.
About Photronics
Photronics is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 50 years. The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the company can be accessed at www.photronics.com.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” regarding our industry, our strategic position, and our financial and operating results. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially. Please refer to our Annual Report on Form 10-K for the fiscal year ended October 31, 2023 and other subsequent filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements after the date of this release to conform these statements to actual results.
For Further Information:
Ted Moreau
VP, Investor Relations
469.395.8175
tmoreau@photronics.com
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