ON SEMICONDUCTOR CORP 8-K

What Happened
ON Semiconductor Corporation (onsemi) filed an 8‑K (filed March 11, 2026) reporting that on March 9, 2026 the company and Simon Keeton, Group President, Power Solutions Group, agreed he will resign from all employment positions effective June 30, 2026. Mr. Keeton will step down from his officer roles immediately but will remain with onsemi through June 30, 2026 to support an orderly transition. Mr. Keeton joined onsemi in July 2007 and has served as Group President, Power Solutions Group since February 2024.

Key Details

• Resignation agreement reached March 9, 2026; 8‑K filed March 11, 2026.
• Effective resignation date: June 30, 2026.
• Immediate relinquishment of officer titles, with continued support through the transition period.
• Tenure: joined onsemi July 2007; became Group President, Power Solutions Group in February 2024. The filing does not identify a successor in the disclosed text.

Why It Matters
This is an executive leadership change in onsemi’s Power Solutions Group, a key business unit for the company’s power semiconductor products. For investors, a planned resignation and transition period reduces near‑term disruption risk, but the absence of a named successor means investors should watch for follow‑up disclosures about leadership, any impact on operations or guidance, and any related compensation or transition arrangements.