8-K
ON SEMICONDUCTOR CORP (ON)
UNITED STATES
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
May 20, 2021
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<br> <br>of incorporation) | (Commission<br> <br>File Number) | (IRS Employer<br> <br>Identification No.) |
| ON Semiconductor Corporation<br> <br>5005 E. McDowell Road<br> <br>Phoenix, Arizona | 85008 | |
| (Address of principal executive offices) | (Zip Code) |
(602) 244-6600
(Registrant’s telephone number, including area code)
Not applicable
(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 | Trading<br> <br>Symbol(s) | Name of each exchange<br> <br>on which registered |
|---|---|---|
| Common Stock, par value $0.01 per share | ON | The Nasdaq Stock Market LLC |
| Preferred Stock, Series B Junior Participating, Purchase Rights | N/A | 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 2021 Annual Meeting of Stockholders (the “Annual Meeting”) of ON Semiconductor Corporation (the “Company”) was held on May 20, 2021. The proposals (all of which were from management) submitted to the stockholders of the Company at the Annual Meeting and the final results of the voting regarding each proposal 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, 2021.
(b) Proposal No. 1. The Company’s stockholders elected 10 directors of the Company, each for a one-year term expiring at the annual meeting of stockholders to be held in 2022 and until his or her successor has been duly elected and qualified, or until the earlier of his or her death, resignation or removal, as set forth below:
| Name | Votes<br> <br>For | Votes<br> <br>Against | Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| Atsushi Abe | 338,375,282 | 10,994,162 | 846,719 | 22,159,300 |
| Alan Campbell | 336,969,320 | 12,414,452 | 832,391 | 22,159,300 |
| Susan K. Carter | 347,362,855 | 2,026,983 | 826,325 | 22,159,300 |
| Thomas L. Deitrich | 347,806,123 | 1,575,017 | 835,023 | 22,159,300 |
| Gilles Delfassy | 337,004,023 | 12,357,103 | 855,037 | 22,159,300 |
| Hassane S. El-Khoury | 347,755,095 | 1,620,052 | 841,016 | 22,159,300 |
| Bruce E. Kiddoo | 347,780,715 | 1,588,859 | 846,589 | 22,159,300 |
| Paul A. Mascarenas | 283,426,710 | 65,391,097 | 1,398,356 | 22,159,300 |
| Gregory L. Waters | 347,755,915 | 1,612,102 | 848,146 | 22,159,300 |
| Christine Y. Yan | 324,215,850 | 25,175,947 | 824,366 | 22,159,300 |
Proposal No. 2. The Company’s stockholders approved the advisory (non-binding) resolution to approve the compensation of the Company’s named executive officers, as set forth below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 313,799,148 | 35,529,205 | 887,810 | 22,159,300 |
Proposal No. 3. 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, 2021, as set forth below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 352,529,790 | 19,023,636 | 822,037 | 0 |
Proposal No. 4. The Company’s stockholders approved an amendment to the ON Semiconductor Corporation 2000 Employee Stock Purchase Plan (the “ESPP”) to increase the number of shares available under the ESPP, as set forth below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 348,966,597 | 534,341 | 715,225 | 22,159,300 |
Proposal No. 5. The Company’s stockholders approved amendments to the ON Semiconductor Corporation Amended and Restated Stock Incentive Plan (the “SIP”) to increase the number of shares available under the SIP and to effect certain other changes to the SIP, as set forth below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 326,016,897 | 23,342,878 | 856,388 | 22,159,300 |
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 hereunto duly authorized.
| ON SEMICONDUCTOR CORPORATION<br> <br>(Registrant) | ||
|---|---|---|
| Date: May 21, 2021 | By: | /s/ GEORGE H. CAVE |
| George H. Cave | ||
| Executive Vice President, General Counsel, Chief Compliance Officer, Chief Risk Officer and Secretary |