ON Semiconductor Corp: Director Departure, New Hires, Compensation Updates
Ticker: ON · Form: 8-K · Filed: May 22, 2024 · CIK: 1097864
Sentiment: neutral
Topics: corporate-governance, director-change, executive-compensation
Related Tickers: ON
TL;DR
ON Semiconductor's board is changing: Jackson out, new directors in, and exec pay is getting tweaked.
AI Summary
On May 16, 2024, ON Semiconductor Corporation filed an 8-K report detailing several key events. These include the departure of Director Keith D. Jackson, the election of new directors, and updates to executive compensation arrangements. The filing also covers matters submitted to a vote of security holders and includes financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters such as director changes and compensation adjustments, which typically carry low immediate risk.
Key Numbers
- May 16, 2024 — Date of Report (Earliest event reported)
Key Players & Entities
- ON Semiconductor Corporation (company) — Registrant
- Keith D. Jackson (person) — Departing Director
- Delaware (jurisdiction) — State of Incorporation
- Scottsdale, Arizona (location) — Principal Business Address
FAQ
Who has departed from the board of directors?
Director Keith D. Jackson has departed from the board of directors.
What other items are covered in this 8-K filing?
The filing also covers the election of directors, appointment of certain officers, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
When was the report filed?
The report was filed on May 22, 2024, with the earliest event reported being May 16, 2024.
What is the company's state of incorporation?
The company is incorporated in Delaware.
What is the principal business address of ON Semiconductor Corporation?
The principal business address is 5701 N. Pima Road, Scottsdale, Arizona 85250.
Filing Stats: 1,011 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-05-22 16:39:03
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ON The Nasdaq Stock Marke
Filing Documents
- d103644d8k.htm (8-K) — 50KB
- d103644dex101.htm (EX-10.1) — 504KB
- 0001193125-24-145010.txt ( ) — 726KB
- on-20240516.xsd (EX-101.SCH) — 3KB
- on-20240516_lab.xml (EX-101.LAB) — 18KB
- on-20240516_pre.xml (EX-101.PRE) — 11KB
- d103644d8k_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 onsemi Nonqualified Deferred Compensation Plan for senior officers 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: May 22, 2024 By: /s/ Paul Dutton Paul Dutton Senior Vice President, Chief Legal Officer and Secretary