{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-057909","form_type":"8-K","ticker":"ON","cik":"0001097864","company_name":"ON SEMICONDUCTOR CORP","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.356587+00:00","generated_at":"2026-06-05T04:33:32.018453+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"ON Semi enters new employment agreement with Group President Keeton; base $600K, target bonus 100%","bullets":["New agreement for Simon Keeton, Group President of Power Solutions Group, effective Feb 28, 2024, replacing 2019 agreement.","Annual base salary of $600,000; annual target bonus opportunity of 100% of base salary.","Severance: 1x base salary + 1x target bonus + prorated PBRSUs on termination without cause or for good reason.","Enhanced severance (1.2x) plus full equity vesting if termination occurs within 2 years following a Change in Control.","No specified term; at-will; non-compete for 1 year, non-solicit for 2 years, indefinite confidentiality."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-057909","json":"https://secwatch.observer/filing/0001193125-24-057909.json","markdown":"https://secwatch.observer/filing/0001193125-24-057909.md","text":"https://secwatch.observer/filing/0001193125-24-057909.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1097864/000119312524057909/0001193125-24-057909-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1097864/000119312524057909/d798599d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:33:32.018453+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"}