ON Semiconductor Corp: Board and Executive Compensation Updates
Ticker: ON · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1097864
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: ON
TL;DR
ON Semiconductor filed an 8-K for board changes and exec comp updates.
AI Summary
On February 28, 2024, ON Semiconductor Corporation (ON) filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers. Specific details regarding the individuals elected and the terms of their compensation are provided within the document.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: low — This filing is routine and reports on corporate governance and compensation, not immediate financial distress or major operational changes.
Key Numbers
- 001-39317 — SEC File Number (Identifies the company's filings with the SEC.)
- 36-3840979 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- ON Semiconductor Corporation (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Scottsdale, Arizona (location) — Principal executive offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and departure of certain officers, with specific details to be found within the document's sections on Item 5.02.
Are there any new compensatory arrangements for officers mentioned?
Yes, the filing explicitly states 'Compensatory Arrangements of Certain Officers' as an item being reported, suggesting updates or new arrangements.
What is the exact date of the earliest event reported?
The earliest event reported is dated February 28, 2024.
What is the company's principal executive office address?
The principal executive offices are located at 5701 N. Pima Road, Scottsdale, Arizona 85250.
What is the Standard Industrial Classification (SIC) code for ON Semiconductor Corp?
The SIC code listed is 3674, which corresponds to SEMICONDUCTORS & RELATED DEVICES.
Filing Stats: 1,145 words · 5 min read · ~4 pages · Grade level 12.8 · Accepted 2024-03-04 16:33:56
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ON The Nasdaq Stock Marke
- $600,000 — t provides for an annual base salary of $600,000 and an annual target bonus opportunity
- $25,000 — placement assistance up to a maximum of $25,000. Without Cause or For Good Reason Fol
Filing Documents
- d798599d8k.htm (8-K) — 32KB
- d798599dex101.htm (EX-10.1) — 105KB
- 0001193125-24-057909.txt ( ) — 291KB
- on-20240228.xsd (EX-101.SCH) — 3KB
- on-20240228_lab.xml (EX-101.LAB) — 18KB
- on-20240228_pre.xml (EX-101.PRE) — 11KB
- d798599d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The below exhibit is filed as part of this Current Report on Form 8-K. Exhibit No. Description 10.1 Form of Employment Agreement for Executive Vice Presidents/Group Presidents 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ON SEMICONDUCTOR CORPORATION (Registrant) Date: March 4, 2024 By: /s/ Pamela L. Tondreau Pamela L. Tondreau Executive Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary