ON Semiconductor Corporation, known as ON Semiconductor, has filed a Form 8-K with the SEC, reporting several key corporate events. On May 17, 2024, the company's Board of Directors approved a Nonqualified Deferred Compensation Plan for senior officers, effective July 1, 2024. This plan allows eligible senior officers to defer up to 40% of their short-term incentive awards for the latter half of 2024 and up to 80% of their base salary and STI awards in future years. The plan is voluntary and requires annual election by participants. Additionally, the company held its 2024 Annual Meeting of Stockholders on May 16, 2024, where ten directors were elected for a one-year term, an advisory resolution on executive compensation was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor for the year ending December 31, 2024. The details of the voting results for the directors and proposals were also disclosed.

ON Semiconductor Corporation, known as ON Semiconductor, has filed a Form 8-K with the SEC, reporting several key corporate events. On May 17, 2024, the company's Board of Directors approved a Nonqualified Deferred Compensation Plan for senior officers, effective July 1, 2024. This plan allows eligible senior officers to defer up to 40% of their short-term incentive awards for the latter half of 2024 and up to 80% of their base salary and STI awards in future years. The plan is voluntary and requires annual election by participants. Additionally, the company held its 2024 Annual Meeting of Stockholders on May 16, 2024, where ten directors were elected for a one-year term, an advisory resolution on executive compensation was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor for the year ending December 31, 2024. The details of the voting results for the directors and proposals were also disclosed.