|Company Name||Photronics, Inc.|
The investigation concerns whether Photronics and certain of its officers and/or directors misled investors regarding the profitability and earnings of the Company. On August 14, 2017, after the market close, the Company announced third-quarter net income that fell to $4.0 million, or 6 cents a share, from $8.1 million, or 12 cents a share, in the same period a year ago. The Company also lowered guidance and announced the retirement of its chief financial officer, Sean Smith.
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