Form 8-K · Current Report · Filed 2024-05-22
Onto Innovation Inc. Announces Director Election and Shareholder Approvals at 2024 Annual Meeting
On May 22, 2024, Onto Innovation Inc. held its 2024 Annual Meeting where shareholders elected eight directors, approved the compensation for named executive officers on an advisory basis, and ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 28, 2024. The voting results for the directors were as follows: Leo Berlinghieri, Stephen D. Kelley, Susan D. Lynch, David B. Miller, Michael P. Plisinski, Christopher A. Seams, May Su, and Christine A. Tsingos were all elected with a significant majority of votes. The advisory vote on executive compensation received 42,746,549 votes in favor, 1,403,028 against, and 111,874 abstentions. The ratification of Ernst & Young LLP as the independent auditor received 45,941,568 votes in favor, 289,396 against, and 33,209 abstentions.
- Filer
- Onto Innovation Inc. ONTO · NYSE
- Filed
- Accession
- 0000950170-24-063488
- CIK
- 0000704532
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Submission of Matters to a Vote of Security Holders
Financial Statements and Exhibits
Market reaction
Close before filing
$230.58
Next session
-1.3%
Since filing
+12.1%
Latest close
$258.58
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Precedent
Previous filings from ONTO reporting the same item, with the next session's move:
About Onto Innovation Inc.
Onto Innovation Inc. is a leading company specializing in the development and provision of comprehensive metrology and inspection solutions for the semiconductor industry. Its primary function is to provide advanced analysis tools that ensure semiconductor manufacturers maintain high levels of quality and performance in their products. Onto Innovation's technology enables precise measurements and inspections, critical in the production of various electronic components including memory devices, logic chips, and power management systems. Notable for its cutting-edge technology, Onto Innovation’s systems are pivotal in the fabrication of nanoscale devices. The company serves a wide market including foundries, integrated device manufacturers (IDMs), and research institutions, impacting sectors such as consumer electronics, automotive, and telecommunications. With an ongoing evolution in electronics and the push for miniaturization, Onto Innovation plays a crucial role. In the financial market, Onto Innovation Inc. stands out as a key player in the semiconductor supply chain, known for its innovation and contributions to the emerging trends in semiconductor technology. Its market significance is underscored by its ability to adapt to the fast-paced advancements in the semiconductor industry, making it a critical enabler of future technological advancements.
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