secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0000950170-24-083912
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation appoints Stephen Schwartz to board of directors, effective July 16, 2024
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- Board size increased from 8 to 9 members; Schwartz also joins the Audit Committee.
- Schwartz has over 25 years of senior leadership, including President & CEO of Azenta (formerly Brooks Automation).
- He announced plans to retire as Azenta CEO upon successor appointment; prior CEO at Asyst Technologies (2002-2009).
- Schwartz qualifies as an independent director under NYSE and SEC rules.
- Compensation follows standard non-employee director arrangement as described in Onto's 2024 proxy statement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017024083912/0000950170-24-083912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017024083912/onto-20240715.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-083912

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