---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-145010"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:37:03.011983+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-145010
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312524145010/0001193125-24-145010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312524145010/d103644d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-145010
- JSON: https://secwatch.observer/filing/0001193125-24-145010.json
- Plain text: https://secwatch.observer/filing/0001193125-24-145010.txt

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