secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K/A
Filed at:   2025-07-11T23:59:59+00:00
Accession:  0000950170-25-095287
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation discloses former CFO Mark Slicer's separation terms: $477k severance, equity acceleration
--------------------------------------------------------------------------------

- Separation agreement with former CFO Mark Slicer provides 1x base salary ($477,405) paid over 12 months.
- Pro-rata bonus for 2025 at 70% target of base salary, prorated for days employed, payable by March 2026.
- RSUs and time-based PSUs vesting within 12 months after separation accelerated; performance PSUs vest by March 15, 2026.
- Equity awards vesting after March 15, 2026 are forfeited; COBRA lump sum of $39,190.65.
- Non-compete for 12 months (24 if fiduciary breach) and 24-month non-solicit included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017025095287/0000950170-25-095287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017025095287/onto-20250612.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-095287

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