# EDGAR Filing Document

**Accession Number:** 0001968949
**File Stem:** 0000950103-23-004198
**Filing Date:** 2023-3
**Character Count:** 7678
**Document Hash:** 5d9cdedc527e0a99e2332ff5ef093f75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-23-004198.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0000950103-23-004198

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PHOTRONICS INC
- **CENTRAL INDEX KEY:** 0000810136
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **IRS NUMBER:** 060854886
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-39099
- **FILM NUMBER:** 23737079

**BUSINESS ADDRESS:**
- **STREET 1:** 15 SECOR ROAD
- **STREET 2:** PO BOX 5226
- **CITY:** BROOKFIELD
- **STATE:** CT
- **ZIP:** 06804
- **BUSINESS PHONE:** 2037759000

**MAIL ADDRESS:**
- **STREET 1:** 15 SECOR ROAD
- **STREET 2:** P O BOX 5226
- **CITY:** BROOKFIELD
- **STATE:** CT
- **ZIP:** 06804

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOTRONIC LABS INC
- **DATE OF NAME CHANGE:** 19900514
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Norbel Investments, S.L.
- **CENTRAL INDEX KEY:** 0001968949
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** U3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** CALLE DE JULIAN CAMARILLO 35
- **CITY:** MADRID
- **STATE:** U3
- **ZIP:** 28037
- **BUSINESS PHONE:** 34 913 756 230

**MAIL ADDRESS:**
- **STREET 1:** CALLE DE JULIAN CAMARILLO 35
- **CITY:** MADRID
- **STATE:** U3
- **ZIP:** 28037

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

**<u>Photronics, Inc.</u>**

(Name of Issuer)

**<u>Common Stock</u>**

(Title of Class of Securities)

**<u>719405102</u>**

(CUSIP Number)

**<u>March 13, 2023</u>**

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-l(b)<br> ☒ Rule 13d-l(c)<br> ☐ Rule 13d-l(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the <u>"Act")</u> or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the *Notes).*

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| | |
|:---|:---|
| **CUSIP No. 719405102** | **Schedule 13G** |

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| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSON<br>Norbel Inversiones, S.L.<br>|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐<br> (b) ☐<br>|
| 3 | SEC USE ONLY<br>|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Spain<br>|

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| | | |
|:---|:---|:---|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER<br>3,123,800<br>|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 6 | SHARED VOTING POWER<br>0<br>|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 7 | SOLE DISPOSITIVE POWER<br>3,123,800<br>|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 8 | SHARED DISPOSITIVE POWER<br>0<br>|

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| | |
|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>3,123,800<br>|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐<br>|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>5.0% (1)<br>|
| 12 | TYPE OF REPORTING PERSON<br>CO<br>|

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<br> (1) Based on 62,474,604 shares of the Issuer's common stock outstanding as of March 2, 2023 as reported in the Issuer's Annual Report on Form 10-Q filed with the Securities and Exchange Commission on March 9, 2023.

**Item l(a). Name of lssuer:**

Photronics, Inc. (the "<u>Issuer</u>")

**Item l(b). Address of lssuer's Principal Executive Offices:**

15 Secor Road, Brookfield, CT 06804

**Item 2(a). Name of Person Filing:**

Norbel Inversiones, S.L. (the "<u>Reporting</u> <u>Person</u>")

**Item 2(b). Address of Principal Business Office or, if none, Residence:**

Calle de Julian Camarillo 35

Madrid 28037, Spain

**Item 2(c). Citizenship:**

Spain

**Item 2(d). Title of Class of Securities:**

Common Stock

**Item 2(e). CUSIP Number:**

719405102

**Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:**

Not applicable.

**Item 4. Ownership**

The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference.

The Reporting Person is the record holder of such shares of Common Stock. Norbel Inversiones, S.L. is equally owned by Juan López-Belmonte Encina, Iván López-Belmonte Encina and Javier López-Belmonte Encina, each of whom is a member of its Board of Directors. Each director has one vote, and the approval of a majority of the three directors is required to approve an action of Norbel Inversiones, S.L. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and voting or dispositive decisions require the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the case with regard to Norbel Inversiones, S.L., the Reporting Person. Based upon the foregoing analysis, no individual director or shareholder of Norbel Inversiones, S.L. exercises voting or dispositive control over any of the securities held by Norbel Inversiones, S.L., even those in which such director or shareholder holds a pecuniary interest. Accordingly, none of them is deemed to have or share beneficial ownership of such shares.

**Item 5. Ownership of Five Percent or Less of a Class.**

If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐

**Item 6. Ownership of More than Five Percent on Behalf of Another Person.**

Not Applicable.

**Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.**

Not Applicable.

**Item 8. Identification and Classification of Members of the Group.**

Not Applicable.

**Item 9. Notice of Dissolution of Group.**

Not Applicable.

**Item 10. Certification.**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

**<u>SIGNATURE</u>**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 16, 2023

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| | |
|:---|:---|
| **Norbel Inversiones, S.L.** | **Norbel Inversiones, S.L.** |
| By: | /s/ Javier López-Belmonte |
| Name: | Javier López-Belmonte |
| Title: | Authorized Signatory |

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