01—Abstract
Summary
Summary of the 8-K filed February 6, 2024. Cited figures are marked; the original filing is the authoritative source.
ON Semiconductor Corporation filed this Form 8-K on February 6, 2024 to report a single executive departure.
The filing discloses that Ross Jatou, Senior Vice President and General Manager of the Intelligent Sensing Group, notified the company of his resignation from all positions with the Company and its affiliates, effective on or about February 22, 2024. He stated that he intends to pursue other employment opportunities and that the resignation is not due to any disagreements with the company. The filing contains no financial results, guidance, or transaction disclosures.
Its only substantive item is Item 5.02, which covers the departure of a certain officer and related compensatory matters, and it does not describe any replacement, interim arrangement, or compensation terms. For investors, the event is limited in scope on the face of the filing. It concerns the departure of a senior business-unit leader from the Intelligent Sensing Group, with the stated reason being new employment opportunities rather than a dispute with the company.
02—Key points
Key Highlights
- Ross Jatou, SVP and General Manager of the Intelligent Sensing Group, resigned from all positions with ON Semiconductor and its affiliates.
- The resignation is effective on or about February 22, 2024.
- Mr. Jatou stated he intends to pursue other employment opportunities.
- The filing states the resignation is not due to any disagreements with the company.
- The filing is filed under Item 5.02 (Departure of Directors or Certain Officers), with no financial results or other items reported.
- The 8-K was signed by Thad Trent, Executive Vice President, Chief Financial Officer and Treasurer, on February 6, 2024.
03—Questions
Frequently Asked Questions
Who is leaving ON Semiconductor?
Ross Jatou, Senior Vice President and General Manager of the Intelligent Sensing Group, has resigned from all positions with the company and its affiliates.
When does the resignation take effect?
The resignation is effective on or about February 22, 2024.
Why did the executive resign?
Mr. Jatou advised the company that he intends to pursue other employment opportunities and that his resignation is not due to any disagreements with the company.
Does this filing include financial results or other material events?
No. The filing reports only the executive departure under Item 5.02 and does not include financial results, guidance, or other items.
Does the filing name a successor or describe compensation arrangements?
The filing does not name a successor or describe any compensation arrangements related to the departure.
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