01—Abstract
Summary
Summary of the 8-K filed October 3, 2024. Cited figures are marked; the original filing is the authoritative source.
ON Semiconductor Corporation filed this Current Report on Form 8-K under Item 5.02 to disclose that Atsushi Abe, a member of the Board of Directors, gave notice on October 1, 2024 of his intent to resign from the Board and its committees, effective October 11, 2024.
The filing states that Mr. Abe's resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. The Company and the Board thanked Mr. Abe for his valuable insights and significant contributions during his thirteen years of Board service.
The filing does not disclose any replacement director, committee reassignments, or any financial results, so the event is limited to a board departure. For investors, this is a routine governance change with no reported disagreement, and the filing contains no financial figures or operational guidance.
02—Key points
Key Highlights
- Director Atsushi Abe gave notice on October 1, 2024 of his intent to resign from the Board and its committees.
- The resignation becomes effective October 11, 2024.
- Mr. Abe stated that his resignation was not due to any disagreement with the Company on operations, policies or practices.
- Mr. Abe served on the Board for thirteen years, which the Company and Board acknowledged with thanks.
- The filing is made under Item 5.02, covering departures of directors and officers.
- The filing does not name a successor director or report any compensatory arrangements.
03—Questions
Frequently Asked Questions
Why is Atsushi Abe leaving the ON Semiconductor Board?
The filing does not state a specific reason. It says only that his decision to resign was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
When does Mr. Abe's resignation take effect?
His resignation from the Board and its committees is effective October 11, 2024, following his notice given on October 1, 2024.
Did Mr. Abe have any disagreements with the company?
No. Mr. Abe informed the Company that his resignation did not result from any disagreement with the Company on any matter relating to its operations, policies or practices.
How long did Mr. Abe serve on the Board?
The Company and the Board thanked him for his contributions during thirteen years of Board service.
Does this filing name a replacement director?
No. The filing does not identify a successor or any new director appointment.
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