SOURCE: Photon Dynamics, Inc.

December 11, 2007 09:00 ET

Photon Dynamics Announces CFO Transition Plan and Application for Nasdaq Extension

SAN JOSE, CA--(Marketwire - December 11, 2007) - Photon Dynamics, Inc. (NASDAQ: PHTN), announced today that Michael Schradle, chief financial officer, has decided to transition from the Company in order to pursue other opportunities. Mr. Schradle will continue to serve as chief financial officer during a transition period with the goals of completing the Company's pending restatement and assuring a smooth transition. The Company is commencing a search for a new chief financial officer.

"We appreciate Mike's contribution to PDI and his willingness to see us through our pending restatement," said Jeffrey Hawthorne, Photon Dynamics president and chief executive officer.

The Company also announced that it filed an extension request with Nasdaq requesting an additional period, until January 23, 2008, to file its fiscal 2007 Form10-K with the SEC, thereby evidencing full compliance with Nasdaq's filing requirements and continued compliance with all other requirements for continued listing on The Nasdaq Global Market.

About Photon Dynamics, Inc.

Photon Dynamics, Inc. is a global supplier utilizing advanced machine vision technology for market leading Liquid Crystal Display (LCD) flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications. For more information about Photon Dynamics (NASDAQ: PHTN), visit its website at

Contact Information

  • Contacts:
    Photon Dynamics, Inc.
    So-Yeon Jeong
    Vice President, Investor Relations and Marketing Communications
    (408) 360-3084
    Email Contact