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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549


FORM 8-K



CURRENT REPORT



Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

March 17, 2003
Date of report (Date of earliest event reported)

ON Semiconductor Corporation

(Exact name of registrant as specified in its charter)
         
Delaware   000-30419   36-3840979

(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification Number)
         
ON Semiconductor Corporation
5005 E. McDowell Road
Phoenix, Arizona
       

   85008

(Address of principal executive offices)       (Zip Code)

602-244-6600
(Registrant’s telephone number, including area code)

 


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Item 5. Other Events and Required FD Disclosure.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
SIGNATURES
EXHIBIT INDEX
EX-99


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Item 5. Other Events and Required FD Disclosure.

  Attached to this Current Report as Exhibit 99 is a copy of a press release for ON Semiconductor Corporation dated March 17, 2003 titled “ON Semiconductor Board Elects Chief Financial Officer.”

 

Item 7.   Financial Statements, Pro Forma
Financial Information and Exhibits.

  (a)   Financial Statements of Businesses Acquired
Not applicable.
 
  (b)   Pro Forma Financial Information
Not applicable.
 
  (c)   Exhibits
     
Exhibit Number   Description

 
99   Press release for ON Semiconductor Corporation dated March 17, 2003 titled “ON Semiconductor Board Elects Chief Financial Officer.”

 


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

         
    ON SEMICONDUCTOR CORPORATION
                       (Registrant)
 
             
Date: March 17, 2003   By:   /S/ JUDITH A. BOYLE
Judith A. Boyle
Vice President and
Assistant General Counsel
   

 


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EXHIBIT INDEX

     
Exhibit Number   Description

 
99   Press release for ON Semiconductor Corporation dated March 17, 2003 titled “ON Semiconductor Board Elects Chief Financial Officer.”

 



                                   EXHIBIT 99

                                                         [ON logo appears here]

      Everett Tackett, APR                         Donald Colvin/Scott Sullinger
      Public Relations                             Investor Relations
      ON Semiconductor                             ON Semiconductor
      (602) 244-4534                               (602) 244-3437
      everett.tackett@onsemi.com                   scott.sullinger@onsemi.com


              ON SEMICONDUCTOR BOARD ELECTS CHIEF FINANCIAL OFFICER

     Company selects international business pro to fill top finance position

PHOENIX, ARIZ. - MARCH 17, 2003 - ON Semiconductor (Nasdaq: ONNN) today
announced that its board of directors has elected Donald Colvin as senior vice
president and Chief Financial Officer (CFO) effective April 2, 2003.

   Colvin will replace John T. Kurtzweil, ON Semiconductor's current CFO, upon
Kurtzweil's resignation from the company following completion of the year-end
financial reporting process.

   Colvin has more than 26 years of experience in managing international
finances in the semiconductor industry. He comes to ON Semiconductor from Atmel
Corporation, a manufacturer of advanced semiconductors, where he most recently
served as vice president of Finance and CFO. Prior to his experience at Atmel,
he held various senior financial positions, including CFO with European Silicon
Structures (ES2). Colvin also held various financial positions with Motorola
Semiconductors Europe earlier in his career. He earned his bachelor's in
economics, with honors, and an MBA from the University of Strathclyde, Scotland.

   "As we evolve our strategy from an internal focus to one that emphasizes
global market share gain and revenue growth, Donald's extensive experience with
international semiconductor finances will provide us with a definitive
advantage," said Keith Jackson, ON Semiconductor president and CEO. "The
geographic realities of today's global semiconductor market require an in-depth
understanding of international business and finance. Donald clearly has this
experience and we're excited to welcome him aboard as we continue to make this
company's potential a reality."

   In the interim, John Kurtzweil will continue to serve the company to aid in
the transition process. Over the past year, Kurtzweil served as ON
Semiconductor's senior vice president and CFO. Prior to ON Semiconductor, he was
senior vice president of finance and CFO at Read-Rite Corporation, a hard disk
drive manufacturer, and held several senior finance positions with other
high-tech companies.





   "We are extremely grateful for John's contributions to this company as we
navigated the continued challenge of the marketplace conditions," Jackson said.
"We wish him the best in his future endeavors."

About ON Semiconductor

ON Semiconductor (Nasdaq: ONNN) offers an extensive portfolio of power- and
data-management semiconductors and standard semiconductor components that
address the design needs of today's sophisticated electronic products,
appliances and automobiles. For more information visit ON Semiconductor's Web
site at http://www.onsemi.com.

                                       # # #

ON Semiconductor and the ON Semiconductor logo are registered trademarks of
Semiconductor Components Industries, LLC. All other brand and product names
appearing in this document are registered trademarks or trademarks of their
respective holders. Although the company references its Web site in this news
release, such information on the Web site is not to be incorporated herein.