Philadelphia, Pennsylvania--(Newsfile Corp. - July 8, 2026) - Grabar Law Office is investigating whether certain officers and directors of Photrnics, Inc. (NASDAQ: PLAB) breached the fiduciary duties they owed to the Company and its shareholders.

If you purchased Photronics, Inc. (NASDAQ: PLAB) stock before December 10, 2025, and continue to hold your shares today, you may have the right to pursue claims on behalf of the Company. Through a shareholder derivative action, eligible shareholders may seek corporate governance reforms, the recovery of damages suffered by the Company, and, if appropriate, a court-approved incentive award, all at no cost to the shareholder. Learn more at https://grabarlaw.com/the-latest/photronics-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call (267) 507-6085.

What Is This Investigation About?

According to the federal securities class action complaint filed in the United States District Court for the District of Connecticut, investors allege that during the period between December 10, 2025 and May 27, 2026, Photronics Inc. (NASDAQ: PLAB) and certain executives repeatedly represented that demand for the Company's high-end IC photomask products remained strong, that customer order patterns were robust, and that the Company was well positioned to benefit from increasing demand for advanced semiconductor manufacturing. The complaint further alleges that these statements were materially false or misleading because the Company allegedly knew, but failed to disclose, that customer design releases had stalled due to elevated foundry utilization, memory-related cost pressures, and other operational bottlenecks that impaired the Company's growth expectations.

The Alleged Corrective Disclosures

On May 28, 2026, Photronics announced its fiscal second-quarter 2026 financial results. Among other things, the Company reported: Revenue below prior expectations; An approximately 11% sequential decline in IC revenue; Third-quarter guidance below market expectations; and that anticipated seasonal recovery following the Chinese New Year holiday had failed to materialize because of delays in customer design releases, elevated foundry utilization rates, memory supply constraints, and geopolitical uncertainty. Following these disclosures, Photronics' common stock fell from $53.51 per share on May 27, 2026, to $34.02 per share on May 28, 2026, a decline of approximately 36.4% in a single trading day, according to the complaint.

Why A Shareholder Derivative Investigation?

If corporate fiduciaries breached their duties to Photronics, a derivative action may seek:

• Recovery of damages suffered by the Company;
• Improvements to corporate governance;
• Enhanced internal controls and disclosure practices;
• Board-level reforms designed to reduce future risk;
• Court approved incentive awards.

Who May Be Eligible?

If you purchased Photronics stock before December 10, 2025, continue to own Photronics shares today; and you wish to help improve corporate governance while seeking recovery on behalf of the Company and a court approved incentive award on your own behalf, all at absolutely no cost to you, please https://grabarlaw.com/the-latest/photronics-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call (267) 507-6085. Alternatively, if you purchased Photronics shares between December 10, 2025 and May 27, 2026, you can participate in the class action. #PLAB #Photronics $PLAB

Why Choose Grabar Law Office?

Grabar Law Office has extensive experience representing institutional and individual investors in shareholder derivative litigation, securities litigation, corporate governance matters, fiduciary duty actions, as well as antitrust actions throughout the United States.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Source: Grabar Law Office