secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0000950170-25-086558
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation appoints Brian Roberts as CFO effective June 16, 2025
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- Brian Roberts named CFO of Onto Innovation, effective June 16, 2025; previously CFO at Sensata Technologies (2023-2025) and Insulet (2009-2014).
- Annual base salary of $525,000; cash bonus target 80% of base; $250,000 sign-on bonus with clawback provisions.
- One-time RSU grant valued at $2.2M vesting ratably over 3 years; eligible for annual equity grants in FY2026 (50% time-based, 50% performance-based).
- Severance: 1x base salary plus prorated bonus for termination without cause or for good reason; enhanced severance after change in control includes 1x target bonus.
- Initial term through Sept 2, 2026, with automatic one-year renewals unless 90-day notice of non-extension given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017025086558/0000950170-25-086558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017025086558/onto-20250611.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-086558

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