Onto Innovation Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Onto Innovation Inc. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and corporate governance.</b>

AI Summary

ONTO INNOVATION INC. (ONTO) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for Onto Innovation Inc. The company's Central Index Key is 0000704532. Standard Industrial Classification is 'Measuring & Controlling Devices, NEC [3829]'. The filing includes compensation data for PEO and Non-PEO members for fiscal years ending 2020-2023. Business and mailing address is 16 Jonspin Road, Wilmington, MA 01887.

Why It Matters

For investors and stakeholders tracking ONTO INNOVATION INC., this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation packages, including stock and option awards, and changes in award values over recent fiscal years. Shareholders can review details on compensation for both principal executive officers (PEO) and non-principal executive officers (Non-PEO), aiding in informed voting decisions on executive pay and other corporate matters.

Risk Assessment

Risk Level: low — ONTO INNOVATION INC. shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant operational updates, indicating a low level of immediate risk.

Analyst Insight

Review the executive compensation details and any shareholder proposals to understand potential impacts on corporate governance and shareholder value.

Key Numbers

• 20240405 — Filing Date (Date of filing)
• 20240405 — Period of Report (Conformed period of report)
• 1226 — Fiscal Year End (Fiscal year end date)
• 2020-2023 — Compensation Data Years (Fiscal years for which compensation data is provided)

Key Players & Entities

• ONTO INNOVATION INC. (company) — Filer name
• 0000704532 (company) — Central Index Key
• 3829 (company) — Standard Industrial Classification code
• 16 JONSPIN ROAD (company) — Business address street
• WILMINGTON (company) — Business address city
• MA (company) — Business address state
• 01887 (company) — Business address zip
• 9782536200 (company) — Business phone

FAQ

Industry Context

Onto Innovation Inc. operates in the semiconductor industry, providing process control solutions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

What Investors Should Do

1. Analyze executive compensation details for PEO and Non-PEO members.
2. Review any shareholder proposals or director nominations.
3. Compare compensation trends over the 2020-2023 fiscal years.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for annual meetings and executive compensation, not a quarterly or annual report with financial performance updates.

Filing Documents

• onto-20240404.htm (DEF 14A) — 1332KB
• img168886235_0.jpg (GRAPHIC) — 4KB
• img168886235_1.jpg (GRAPHIC) — 20KB
• img168886235_2.jpg (GRAPHIC) — 20KB
• img168886235_3.jpg (GRAPHIC) — 162KB
• img168886235_4.jpg (GRAPHIC) — 20KB
• img168886235_5.jpg (GRAPHIC) — 130KB
• img168886235_6.jpg (GRAPHIC) — 40KB
• img168886235_7.jpg (GRAPHIC) — 27KB
• img168886235_8.jpg (GRAPHIC) — 22KB
• img168886235_9.jpg (GRAPHIC) — 2351KB
• img168886235_10.jpg (GRAPHIC) — 10KB
• img168886235_11.jpg (GRAPHIC) — 16KB
• img168886235_12.jpg (GRAPHIC) — 52KB
• img168886235_13.jpg (GRAPHIC) — 64KB
• img168886235_14.jpg (GRAPHIC) — 286KB
• img168886235_15.jpg (GRAPHIC) — 264KB
• img168886235_16.jpg (GRAPHIC) — 264KB
• img168886235_17.jpg (GRAPHIC) — 729KB
• img168886235_18.jpg (GRAPHIC) — 176KB
• 0000950170-24-042066.txt (&nbsp;) — 13813KB
• onto-20240404.xsd (EX-101.SCH) — 37KB
• onto-20240404_htm.xml (XML) — 193KB

Forward Looking Statements

Forward Looking Statements 1 Proxy Summary 2 Onto Innovation Proxy Statement 5 Proposal 1 – Election of Directors 6 Nominees For Director 6 Corporate Governance Principles and Practices 14 Proposal 2 – Advisory Vote to Approve Named Executive Officer Compensation 27 Executive Officer Compensation 28 Compensation Committee Report on Executive Officer Compensation 48 Executive Officer Compensation Tables 49 CEO Pay Ratio 64 Proposal 3 – Ratification of Appointment of Independent Registered Public Accounting Firm 65 Audit Committee Report 68 Executive Officer Biographies 69

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 72 Equity Compensation Plan Information 73 Other Matters 73 Questions and Answers About the Annual Meeting 74 Additional Information 79

Forward Looking Statements

Forward Looking Statements Certain statements in this proxy statement of Onto Innovation Inc. (referred to in this proxy statement, together with its consolidated subsidiaries, unless otherwise specified or suggested by the context, as the "Company," "Onto Innovation," "we," "our," or "us") may be considered "forward-looking statements" or may be based on "forward-looking statements," including, but not limited to, those concerning: our business momentum and future growth; technology development, product introduction and acceptance of our products and services; our manufacturing practices and ability to deliver both products and services consistent with our customers' demands and expectations and to strengthen our market position, including our ability to source components, materials, and equipment due to supply chain delays or shortages; our expectations of the semiconductor market outlook; future revenue, gross profits, research and development and engineering expenses, selling, general and administrative expenses, and cash requirements; the effects of political, economic, legal, and regulatory changes or conflicts on our global operations; the effects of natural disasters or public health emergencies on the global economy and on our customers, suppliers, employees, and business; our dependence on certain significant customers and anticipated trends and developments in and management plans for our business and the markets in which we operate; and our ability to be successful in managing our cost structure and cash expenditures and results of litigation. Statements contained or incorporated by reference in this proxy statement that are not purely historical are forward-looking statements and are subject to safe harbors created under Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be id

View Full Filing

View this DEF 14A filing on SEC EDGAR