Shares of Photronics fell after the company said it had placed general counsel Richelle Burr on administrative leave.
The stock was down 4.7% to $25.31 in extended trading, following a 2.2% rise at Wednesday’s close. Shares are down about 15% this year.
The Brookfield, Conn.-based photomask maker said in a regulatory filing that Burr, who is also chief administrative officer and secretary, had been placed on leave pending an ongoing internal review.
The company said the review was related to certain transactions and other matters.