{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-048406","form_type":"8-K","ticker":"ONTO","cik":"0000704532","company_name":"ONTO INNOVATION INC.","filed_at":"2023-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.446093+00:00","generated_at":"2026-06-10T16:54:32.523247+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Onto Innovation enters new employment agreement with CEO Michael P. Plisinski","bullets":["CEO to receive $700K base salary, 110% target bonus, and annual equity grants (time- and performance-based RSUs).","Three-year term auto-renewing; severance equals 2x base salary over 24 months on termination without cause.","Upon change-in-control termination, severance includes 2x base + 2x target bonus, full equity acceleration.","Non-compete for 12 months (24 months if breach of fiduciary duty); 24-month non-solicitation.","Agreement effective Sep 15, 2023, replacing November 2015 employment agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-048406","json":"https://secwatch.observer/filing/0000950170-23-048406.json","markdown":"https://secwatch.observer/filing/0000950170-23-048406.md","text":"https://secwatch.observer/filing/0000950170-23-048406.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/704532/000095017023048406/0000950170-23-048406-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/704532/000095017023048406/onto-20230915.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T16:54:32.523247+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}