secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0000950170-24-132003
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation appoints Ido Dolev as EVP of Product Solutions Group
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- Ido Dolev named EVP Product Solutions Group, effective Dec 1, 2024, overseeing inspection, metrology, lithography, and software.
- Dolev joins from KLA Corp, where he was VP/GM of Optical Metrology Division; base salary set at $450,000.
- Receives one-time RSU grant valued at $2,000,050 (3-year vest) and target annual cash bonus of 70% of base salary.
- Eligible for annual equity grant starting 2025 of ~$800,000 (50% RSUs, 50% PSUs); up to $100,000 relocation assistance.
- Dolev holds a PhD in electrical engineering from Tel Aviv University and previously served at Applied Materials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017024132003/0000950170-24-132003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017024132003/onto-20241127.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-132003

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