secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001193125-25-291346
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation adopts Nonqualified Deferred Compensation Plan effective Jan 1, 2026
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- Plan allows eligible executives to defer up to 75% of salary and 100% of bonus, PSUs, and RSUs.
- Non-employee directors may defer up to 100% of annual retainer, meeting fees, and RSUs.
- Company may make discretionary contributions that vest immediately; all participant contributions fully vested.
- Distributions available as lump sum or installments (2-10 years) upon separation, death, or disability.
- Plan effective January 1, 2026; intended to comply with IRC Section 409A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000119312525291346/0001193125-25-291346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000119312525291346/onto-20251119.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-291346

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