secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001193125-24-145010
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000119312524145010/0001193125-24-145010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000119312524145010/d103644d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-145010

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