COMMITMENTS AND CONTINGENCIES |
9 Months Ended |
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Aug. 02, 2026 | |
| COMMITMENTS AND CONTINGENCIES [Abstract] | |
| COMMITMENTS AND CONTINGENCIES |
NOTE 12 - COMMITMENTS AND CONTINGENCIES On
July 6, 2026, a purported shareholder filed a class action complaint in the
United States District Court for the District of Connecticut (Cooper v.
Photronics, Inc., et al.: Case No. 3:26-cv-01069) against the Company and
certain of its directors and officers alleging violations of Sections 10(b) and
20(a) of the Exchange Act and Rule 10b-5 promulgated under Section 10(b).
Plaintiff alleges that defendants made materially false and misleading
statements related to the Company’s business to deceive the market in violation
of the Exchange Act. Plaintiff seeks unspecified damages, interest, attorneys’
fees, expert fees and other costs. The Company disputes these allegations and
intends to vigorously defend the action. There are no accrued contingent
liabilities recognized based on our belief that any liabilities, while
reasonably possible, are not probable, and any possible loss or range of losses
in these matters cannot be reasonably estimated at this time given the early
stage of the matter. The Company is
subject to various other claims that arise in the ordinary course of business.
The Company believes that the potential liability under such other claims,
individually and in the aggregate, will not have a material effect on the
Company’s condensed consolidated financial statements.
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