ONTO Innovation Reports Officer Compensatory Arrangement Changes
Ticker: ONTO · Form: 8-K · Filed: Jan 12, 2024 · CIK: 704532
| Field | Detail |
|---|---|
| Company | Onto Innovation Inc. (ONTO) |
| Form Type | 8-K |
| Filed Date | Jan 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: compensatory-arrangements, executive-compensation, corporate-governance
TL;DR
**ONTO filed an 8-K about executive pay changes, watch for details.**
AI Summary
Onto Innovation Inc. filed an 8-K on January 12, 2024, reporting an event that occurred on January 8, 2024, related to changes in compensatory arrangements for certain officers. This filing indicates potential adjustments to executive pay structures, which could impact the company's financial performance and executive retention. For investors, understanding these changes is crucial as they can influence management's incentives and the company's operational stability.
Why It Matters
Changes in executive compensation can affect management's motivation and the company's ability to attract and retain top talent, directly influencing long-term stock performance.
Risk Assessment
Risk Level: medium — While the filing itself doesn't detail the changes, any significant alteration to executive compensation carries inherent risks regarding executive retention and motivation.
Analyst Insight
Investors should monitor future filings or company announcements for specific details regarding the changes to compensatory arrangements, as these details will determine the actual impact on the company and its stock.
Key Players & Entities
- Onto Innovation Inc. (company) — the registrant filing the 8-K
- January 8, 2024 (date) — date of the earliest event reported
- January 12, 2024 (date) — date the 8-K was filed
- 001-39110 (other) — Commission File Number
- Wilmington, Massachusetts (other) — business address city and state
FAQ
What is the purpose of this 8-K filing by Onto Innovation Inc.?
This 8-K filing by Onto Innovation Inc. is a 'Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934' and specifically reports on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as of January 8, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 08, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the trading symbol and exchange for Onto Innovation Inc.'s common stock?
Onto Innovation Inc.'s Common Stock, $0.001 par value per share, trades under the symbol ONTO on the New York Stock Exchange, as listed under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the state of incorporation for Onto Innovation Inc.?
Onto Innovation Inc. is incorporated in Delaware, as indicated by 'Delaware (State or Other Jurisdiction of Incorporation)' in the filing.
What is the business address and phone number of Onto Innovation Inc.?
The business address of Onto Innovation Inc. is 16 Jonspin Road, Wilmington, Massachusetts, 01887, and their telephone number is (978) 253-6200, as detailed in the 'BUSINESS ADDRESS' section.
Filing Stats: 518 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-12 16:30:55
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share ONTO New York S
Filing Documents
- onto-20240108.htm (8-K) — 38KB
- 0000950170-24-004263.txt ( ) — 145KB
- onto-20240108.xsd (EX-101.SCH) — 23KB
- onto-20240108_htm.xml (XML) — 4KB
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. Onto Innovation Inc. Date: January 12, 2024 By: /s/ Yoon Ah E. Oh Vice President, General Counsel & Corporate Secretary