secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000950170-23-001088
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation appoints Stephen D. Kelley, CEO of Advanced Energy, to board and audit committee
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- Board expands from 7 to 8 members with Kelley's appointment effective Jan 24, 2023.
- Kelley currently serves as President & CEO of Advanced Energy Industries (since March 2021).
- Previously was President & CEO of Amkor Technology (2013-2020); also held exec roles at Texas Instruments, Philips, Cree.
- He will serve on the Audit Committee and is deemed independent under NYSE rules.
- Compensation follows standard non-employee director plan; enters indemnification agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017023001088/0000950170-23-001088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017023001088/onto-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer