Form 8-K
ON SEMICONDUCTOR CORP false 0001097864 0001097864 2023-05-18 2023-05-18












Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

May 18, 2023

Date of Report (Date of earliest event reported)



ON Semiconductor Corporation

(Exact name of registrant as specified in its charter)




Delaware   001-39317   36-3840979

(State or other jurisdiction

of incorporation)

File Number)

(IRS Employer

Identification No.)


ON Semiconductor Corporation

5701 N. Pima Road

Scottsdale, Arizona

(Address of principal executive offices)   (Zip Code)

(602) 244-6600

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class




Name of each exchange

on which registered

Common Stock, par value $0.01 per share   ON   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 5.07.

Submission of Matters to a Vote of Security Holders.

(a) The 2023 Annual Meeting of Stockholders (the “Annual Meeting”) of ON Semiconductor Corporation (the “Company”) was held on May 18, 2023. The proposals submitted to the stockholders of the Company at the Annual Meeting and the final voting results for each are set forth below. The proposals are described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 6, 2023.

(b) Proposal No. 1. The Company’s stockholders elected nine directors of the Company, each for a one-year term expiring at the 2024 annual meeting of stockholders and until their successors are duly elected and qualified, or until the earlier time of their death, resignation or removal, as set forth below:



     Abstentions      Broker Non-Votes  

Atsushi Abe

     361,299,477        8,547,635        4,394,561        22,187,657  

Alan Campbell

     360,325,381        13,756,801        159,491        22,187,657  

Susan K. Carter

     362,768,407        11,324,648        148,618        22,187,657  

Thomas L. Deitrich

     360,938,964        13,143,020        159,689        22,187,657  

Hassane El-Khoury

     371,631,267        2,450,189        160,217        22,187,657  

Bruce E. Kiddoo

     370,833,064        3,249,414        159,195        22,187,657  

Paul A. Mascarenas

     309,194,006        64,888,015        159,652        22,187,657  

Gregory Waters

     370,153,668        3,930,201        157,804        22,187,657  

Christine Y. Yan

     358,905,987        15,186,141        149,545        22,187,657  

Proposal No. 2. The Company’s stockholders approved the advisory (non-binding) resolution to approve the compensation of the Company’s named executive officers (“Say-on-Pay”), as set forth below:


Votes For


Votes Against




Broker Non-Votes

351,278,994   22,711,403   251,276   22,187,657

Proposal No. 3. A majority of the Company’s stockholders voted, on an advisory (non-binding) basis, for the Company to hold future Say-on-Pay votes every one year, as set forth below:


1 Year


2 Years


3 Years




Broker Non-Votes

368,942,204   179,443   4,942,494   177,532   22,187,657

Proposal No. 4. The Company’s stockholders ratified the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023, as set forth below:


Votes For


Votes Against



374,903,663   21,391,223   134,444

(d) Based on the voting results of Proposal No. 3 as disclosed above and consistent with its voting recommendation, the board of directors of the Company has determined that the Company will continue to hold a Say-on-Pay vote every one year.


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 hereunto duly authorized.





Date: May 19, 2023




Pamela L. Tondreau

Executive Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary