Sec Form 13G Filing - BARROW HANLEY MEWHINNEY & STRAUSS LLC filing for PHOTRONICS INC (PLAB) - 2020-02-12

*

 

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.

 

 

 

  1.

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

 

Barrow, Hanley, Mewhinney & Strauss, LLC

752403190

  2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a)  ◻

(b)  ◻

  3.

SEC USE ONLY

 

  4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

A Delaware corporation

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  5.    SOLE VOTING POWER

 

 

  6.    SHARED VOTING POWER

 

        848,022 shares

  7.    SOLE DISPOSITIVE POWER

 

        3,387,871 shares

  8.    SHARED DISPOSITIVE POWER

 

        —

   9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,387,871 shares

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

◻

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

5.18%

12.

TYPE OF REPORTING PERSON (See Instructions)

 

IA

SCHEDULE 13G

Item 1(a)

  

1(b)

  

Address of Issuer’s Principal Executive Offices:

  

15 Secor Road

PO BOX  5226

Brookfield, CT 06804

Item 2(a)

  

Name of Person Filing:

Barrow, Hanley, Mewhinney & Strauss, LLC

2(b)

  

Address of Principal Business Office or, if none, Residence:

  

2200 Ross Avenue, 31st Floor

Dallas, TX 75201-2761

2(c)

  

Citizenship:

  

A Delaware corporation

 

2(d)

  

Title of Class of Securities

 

  

Common Stock

 

2(e)

  

 

Item 3

  

If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

 

 

  

(a)

  

◻

  

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

 

  

(b)

  

◻

  

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 

  

(c)

  

◻

  

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

 

  

(d)

  

◻

  

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

 

 

  

(e)

  

☑

  

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

 

  

(f)

  

◻

  

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

 

  

(g)

  

◻

  

A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G):

 

 

  

(h)

  

◻

  

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813):

 

 

  

(i)

  

◻

  

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

 

  

(j)

  

◻

  

Group, in a accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4

  

Ownership:

 

  

4(a)

  

Amount beneficially owned:  3,387,871 shares

 

  

4(b)

  

Percent of Class:  5.18%

 

  

4(c)

  

Number of shares as to which person has:

 

  

 

(i)

Sole power to vote or to direct the vote:  2,539,849 shares

  

(ii)

Shared power to vote or to direct the vote:  848,022 shares

  

(iii)

Sole power to dispose or to direct the disposition of:  3,387,871 shares

  

(iv)

Shared power to dispose or to direct the disposition of:  —

Item 5

  

Ownership of Five Percent or Less of a Class:

  

 Not Applicable.  

Item 6

  

Ownership of More than Five Percent on Behalf of Another Person:

  

The right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock is held by certain clients of the reporting person, none of which has such right or power with respect to five percent or more of the common stock.

 

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 the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

Barrow, Hanley, Mewhinney & Strauss, LLC

By:

/s/ Patricia Barron-Andrews

Name:  Patricia Barron-Andrews

Title:   Chief Compliance and Risk Officer