---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-084805"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:17:31.124493+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# onsemi warns shareholders to reject TRC Capital's below-market mini-tender offer at $70.75/share

## Summary
- TRC Capital offered to buy up to 1.5M shares at $70.75, a 4.4% discount to $74.04 close on Mar 19, 2024.
- Offer covers ~0.35% of outstanding shares; company recommends stockholders take no action.
- Stockholders who tendered may withdraw shares before offer expires at 12:01 a.m. EDT on Apr 19, 2024.
- Mini-tender offers avoid SEC protections; onsemi urges investors to consult financial advisors.

## SEC filing metadata
- accession: 0001193125-24-084805
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312524084805/0001193125-24-084805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312524084805/d820295d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-084805
- JSON: https://secwatch.observer/filing/0001193125-24-084805.json
- Plain text: https://secwatch.observer/filing/0001193125-24-084805.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.