On Semi board approves deferred comp plan; annual meeting elects directors, approves say-on-pay

ON SEMICONDUCTOR CORP

Board approved nonqualified deferred compensation plan effective July 1, 2024, for senior officers including named execs.
Eligible officers may defer up to 80% of base salary and up to 80% of short-term incentive awards annually.
Deferred amounts paid in lump sum or up to 10 annual installments; no employer matching or discretionary contributions planned.
All 10 director nominees elected at May 16 annual meeting; say-on-pay approved with ~336M votes for, ~29M against.
Ratification of PwC as auditor for 2024 passed with ~366M votes for, ~21.7M against.

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