Macricostas Family Scholarship Foundation Honors 2011 Scholarship Recipients
June 24 2011 - 11:58AM
Business Wire
The Macricostas Family Scholarship Foundation (the
“Foundation”), a not-for-profit organization, awarded a total of
$40,250 to 34 deserving college students whose parents are employed
by Photronics, Inc. (Nasdaq: PLAB) for the 2011 - 2012 academic
year.
The Foundation, established in 1997 with an initial endowment of
$500,000 by the family of Photronics chairman and founder
Constantine (“Deno”) Macricostas has awarded over $658,000 in
scholarship awards since its inception. The Foundation’s mission is
to provide financial assistance to children of Photronics’
employees who have demonstrated outstanding academic achievement
and personal character.
A reception to honor the Connecticut scholarship recipients was
held Thursday, June 23, 2011, at Photronics’ Brookfield campus.
Nine recipients and their families were in attendance: Melissa
Hannequin, a junior at Fairfield University; Susan
Kazlauskas a senior at Iona College; Lana Nawa, a
sophomore at University of Connecticut; Shavonna Person, a
senior at Western Connecticut State University; Alison
Pierre, a senior at Western Connecticut State University;
Karly Rust, a freshman at Roger Williams; Rosemary
Shakro, a senior at Liberty University; Noorpreet Sidhu,
a junior at Pace University; and Joshua Squires, a sophomore
at Gordon College.
"The Macricostas Family Scholarship Foundation has been awarding
deserving students for the past fourteen years. This is the first
year, however, that we have held an awards ceremony,” stated Mr.
Macricostas. “The Foundation felt it was important to host a
reception for the students, as well as their parents. An
opportunity was created that allowed the students’ academic
achievement, along with their parents’ support and guidance, to be
formally recognized. An awards ceremony just seemed like the right
thing to do,” concluded Macricostas.
The Macricostas Family Scholarship Foundation was created to
recognize and encourage deserving students whose parents are
employed at Photronics, a leading worldwide manufacturer of
photomasks. The Foundation was created to help defray the cost of
higher education. Scholarships are awarded on the basis of academic
performance, participation in school-sponsored and other
community-related extra-curricular activities, and essay
submissions. Scholarship awards are determined by an independent
committee and administered by the Photronics Human Resources
Department.
13-2011
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