Onto Innovation Files 8-K Report
Ticker: ONTO · Form: 8-K · Filed: Dec 2, 2024 · CIK: 704532
| Field | Detail |
|---|---|
| Company | Onto Innovation Inc. (ONTO) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $450,000, $2,000,050, $800,000, $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, 8-K
Related Tickers: ONTO
TL;DR
ONTO filed an 8-K. No major news, just regulatory compliance.
AI Summary
On November 27, 2024, Onto Innovation Inc. filed an 8-K report to disclose information under Regulation FD. The filing does not contain specific financial figures or material events beyond the reporting of the document itself. The company, incorporated in Delaware, is headquartered in Wilmington, Massachusetts.
Why It Matters
This filing indicates Onto Innovation Inc. is adhering to regulatory disclosure requirements. Investors should review the full document for any specific details that may impact the company.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for regulatory disclosure and does not appear to contain any new material information that would immediately impact the company's risk profile.
Key Players & Entities
- Onto Innovation Inc. (company) — Registrant
- November 27, 2024 (date) — Date of earliest event reported
- Wilmington, Massachusetts (location) — Principal Executive Offices
- Delaware (location) — State of Incorporation
FAQ
What is the primary purpose of this 8-K filing for Onto Innovation Inc.?
The primary purpose of this 8-K filing is to provide a Regulation FD Disclosure as of November 27, 2024.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is November 27, 2024.
Where are Onto Innovation Inc.'s principal executive offices located?
Onto Innovation Inc.'s principal executive offices are located at 16 Jonspin Road, Wilmington, Massachusetts, 01887.
In which state was Onto Innovation Inc. incorporated?
Onto Innovation Inc. was incorporated in Delaware.
Does this filing report any specific material events or financial updates?
This filing is primarily for Regulation FD Disclosure and does not explicitly detail specific material events or financial updates within the provided text.
Filing Stats: 816 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2024-12-02 08:58:20
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share ONTO New York S
- $450,000 — Mr. Dolev's annual base salary will be $450,000. Mr. Dolev will also receive a one-time
- $2,000,050 — restricted stock units with a value of $2,000,050 at the time of grant (which vests in eq
- $800,000 — nt, beginning in 2025, of approximately $800,000, subject to approval by the Compensatio
- $100,000 — nits. Mr. Dolev will also receive up to $100,000 in relocation assistance and be eligibl
Filing Documents
- onto-20241127.htm (8-K) — 43KB
- 0000950170-24-132003.txt ( ) — 152KB
- onto-20241127.xsd (EX-101.SCH) — 23KB
- onto-20241127_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On November 27, 2024, the Company appointed Mr. Ido Dolev as the Company's new Executive Vice President, Product Solutions Group, effective on or about December 1, 2024 ("Effective Date"). In this role, Mr. Dolev will be responsible for all product solutions, including inspection, metrology, lithography, and software. Mr. Dolev, 45, joins the Company after seven years at KLA Corporation, a U.S. semiconductor capital equipment manufacturer. Most recently, Mr. Dolev served as KLA's Vice President and General Manager of its Optical Metrology Division business unit from August 2020 to November 2024. From April 2017 to July 2020, Mr. Dolev served as a Senior Director of Engineering and head of the Measurement Technologies group in the Overlay Business Unit at KLA. Prior to KLA, Mr. Dolev served at Applied Materials, Inc., a U.S. semiconductor capital equipment manufacturer, as a Group Manager and head of the Optical Wafer Inspection and Mask Inspection Technology Group from 2013 to 2017 and as a physicist in the Optical Inspection Technology Group from 2006 to 2013. Mr. Dolev holds a B.Sc. in Mathematics and Physics, a M.Sc. in physics, and a Ph.D. in electrical engineering from Tel Aviv University. In connection with his appointment, Mr. Dolev intends to relocate from Israel to the United States and the Company and Mr. Dolev have entered into both an employment agreement and an offer letter (collectively, the "Offer Documents"). Under the terms of the Offer Documents, Mr. Dolev's annual base salary will be $450,000. Mr. Dolev will also receive a one-time equity grant of time-based restricted stock units with a value of $2,000,050 at the time of grant (which vests in equal installments over a three-year period from his start date) in connection with his appointment. The Offer Documents also provide that Mr. Dolev will be eligible to receive (a) an annual cash incentive bonus with a target award percentage of 70% of his base salar
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: November 27, 2024 By: /s/ Yoon Ah E. Oh Vice President, General Counsel & Corporate Secretary