secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014884
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation appoints Ramil Yaldaei as COO, succeeding James Harlow
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- James Harlow resigns as COO effective May 5, 2023; no disagreement with company.
- Ramil Yaldaei appointed COO effective May 5, 2023; has over 20 years semiconductor ops experience.
- Yaldaei joined Onto in Oct 2022 as VP of Global Operations, Metrology and Inspection.
- Compensation: $315k base salary, $350k RSU grant vesting over 3 years, bonus target 65% of base.
- Eligible for annual equity grant in 2024 (50% time-based RSUs, 50% market-based PSUs).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017023014884/0000950170-23-014884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017023014884/onto-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014884

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