01—Abstract
Summary
Summary of the 8-K filed March 11, 2026. Cited figures are marked; the original filing is the authoritative source.
ON Semiconductor Corporation (ON), in this Current Report on Form 8-K filed March 11, 2026, discloses under Item 5.02 that Simon Keeton, Group President, Power Solutions Group, will resign from all employment positions at onsemi effective June 30, 2026.
The agreement was reached on March 9, 2026. Mr. Keeton steps down from all officer positions immediately but has agreed to remain with the company through June 30, 2026 to support an orderly transition to a new head of the Power Solutions Group. The filing is a leadership-transition notice rather than a financial disclosure.
It contains no financial results, guidance, or dollar figures. For investors, the key facts are the timing of the departure, the transition period, and the fact that the Power Solutions Group will need a new leader. The filing does not name a successor or describe the reasons for the resignation.
Mr. Keeton joined onsemi in July 2007 and has served as Group President of the Power Solutions Group since February 2024. The staggered timing, with an immediate step-down from officer roles and continued employment through June 30, 2026, suggests the company is planning a managed handover rather than an abrupt exit.
02—Key points
Key Highlights
- Simon Keeton, Group President, Power Solutions Group, agreed to resign from all employment positions at onsemi effective June 30, 2026, per an agreement dated March 9, 2026.
- Mr. Keeton steps down from all officer positions immediately, while remaining employed through June 30, 2026 to support an orderly transition.
- The company will need a new head of the Power Solutions Group; the filing does not identify a successor.
- Mr. Keeton joined onsemi in July 2007 and has been Group President, Power Solutions Group, since February 2024.
- The filing contains no financial results, guidance, or dollar amounts.
- The disclosure is made under Item 5.02, which covers departures and compensatory arrangements of certain officers.
03—Questions
Frequently Asked Questions
Who is leaving ON Semiconductor, and in what role?
Simon Keeton, Group President of the Power Solutions Group, has agreed to resign from all employment positions at onsemi. He has held the Group President role since February 2024.
When does the departure take effect?
Mr. Keeton steps down from all officer positions immediately, and his resignation from all employment positions is effective June 30, 2026. He has agreed to stay with the company through that date to help with the transition.
Why is Mr. Keeton leaving?
The filing does not state the reason for his resignation.
Has onsemi named a replacement for the Power Solutions Group?
The filing does not name a successor. It says Mr. Keeton's remaining time through June 30, 2026 is intended to support an orderly transition to a new head of the Power Solutions Group.
Does this filing affect onsemi's financial outlook?
The filing contains no financial information, so it provides no basis for assessing any effect on results or guidance. It is a personnel disclosure only.
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