8-K: Onto Innovation Announces Results of 2025 Annual Meeting

Onto Innovation held its 2025 Annual Meeting on May 21, 2025, and stockholders voted on the election of directors, executive compensation, and the ratification of the company's independent auditor.

Summary

• Onto Innovation held its 2025 Annual Meeting on May 21, 2025, in Milpitas, California.
• Stockholders elected seven directors: Stephen D. Kelley, Susan D. Lynch, David B. Miller, Michael P. Plisinski, Stephen Schwartz, Christopher A. Seams, and May Su, each to serve until the next annual meeting.
• The election results for Stephen D. Kelley were 41,323,500 votes for, 185,864 against, and 64,025 abstentions.
• The election results for Susan D. Lynch were 41,299,276 votes for, 209,645 against, and 64,468 abstentions.
• The election results for David B. Miller were 38,607,953 votes for, 2,899,320 against, and 66,116 abstentions.
• The election results for Michael P. Plisinski were 41,420,395 votes for, 125,545 against, and 27,449 abstentions.
• The election results for Stephen Schwartz were 41,342,019 votes for, 174,621 against, and 56,749 abstentions.
• The election results for Christopher A. Seams were 40,223,188 votes for, 1,047,888 against, and 302,313 abstentions.
• The election results for May Su were 40,506,871 votes for, 991,539 against, and 74,979 abstentions.
• Stockholders approved, on an advisory basis, the compensation for the company's named executive officers with 40,021,164 votes for, 1,505,709 against, and 46,516 abstentions.
• Ernst & Young LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending January 3, 2026, with 43,571,777 votes for, 354,246 against, and 23,761 abstentions.

Sentiment

Score: 7

Explanation: The document reports standard corporate governance matters, reflecting a neutral to slightly positive sentiment due to the successful election of directors and ratification of the auditor.

Positives

• All director nominees were successfully elected.
• Executive compensation received stockholder approval.
• The ratification of Ernst & Young LLP as the independent auditor was successful.

Industry Context

This announcement is a routine disclosure related to corporate governance and shareholder voting, which is standard practice for publicly traded companies.

Stakeholder Impact

• Shareholders have exercised their voting rights on key company matters.
• The election of directors ensures the continuation of company leadership.
• The ratification of the auditor provides assurance regarding financial oversight.

Key Dates

Keywords

Annual Meeting, Director Election, Executive Compensation, Auditor Ratification, Stockholders, ONTO Innovation