Short answer
ON Semiconductor (ON) filed an 8-K current report with the SEC on March 11, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Simon Keeton, Group President of Power Solutions Group, resigning effective June 30, 2026; officer duties end immediately.
ON Semiconductor 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Simon Keeton, Group President of Power Solutions Group, resigning effective June 30, 2026; officer duties end immediately
- Power Solutions Group is a core revenue driver for ON: leadership transition creates near-term execution risk
- Keeton steps down amid ongoing semiconductor industry headwinds; successor not yet named, adding uncertainty
- Transition window through June 30 suggests planned departure, not abrupt termination
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