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    Michael P. Plisinski

    Chief Executive Officer at Onto Innovation Inc
    Since 2019-10-25
    Age
    54 years
    Education
    Holds a Bachelor of Science in Computer Science from the University of Massachusetts and completed the Advanced Management Program at Harvard Business School.
    Tenure
    Has been the Chief Executive Officer of Onto Innovation since the merger date, after serving as CEO of Rudolph Technologies from November 2015.

    Also at Onto Innovation Inc

    MRS
    Mark R. Slicer
    Chief Financial Officer
    RF
    Robert Fiordalice
    SVP & GM, Metrology Business Unit

    About

    Michael P. Plisinski is a seasoned executive with 54 years of life experience and an extensive background in the semiconductor and technology industries. Over his career, he has demonstrated a strong ability to lead and innovate, having held various leadership positions that have shaped his professional journey.

    Before assuming his current role at Onto Innovation, he steered Rudolph Technologies as the CEO from November 2015 until a significant merger transitioned the company into Onto Innovation. His prior experiences include roles as Executive Vice President, Chief Operating Officer, and as Vice President and General Manager in key business units, all of which contributed to his deep expertise in strategic management and technological advancement.

    Beyond his executive responsibilities, he has also enriched the broader tech community by serving on the boards of multiple organizations, including Cognizer.AI and the Massachusetts High Technology Council, Inc., thereby leveraging his comprehensive industry experience to drive innovation and progress within the technology ecosystem.

    $ONTO Performance Under Michael P. Plisinski

    Past Roles

    OrganizationRoleDate RangeDetails
    Rudolph Technologies, Inc. Chief Executive OfficerNovember 2015 to October 2019Ended with merger
    Rudolph Technologies, Inc. Executive Vice President and Chief Operating OfficerOctober 2014 to November 2015N/A
    Rudolph Technologies, Inc. Vice President and General Manager of the Data Analysis and Review Business UnitFebruary 2006 to October 2014N/A
    August Technology Corporation Vice President of EngineeringFebruary 2004 to February 2006N/A
    August Technology Corporation Director of Strategic Marketing for Review and Analysis ProductsJuly 2003 to February 2004N/A
    Counterpoint Solutions Founder and PresidentJune 1999 to July 2003Company acquired by August Technology

    External Roles

    OrganizationRoleDate RangeDetails
    Cognizer.AI Board Membersince August 2020Specializes in deep-learning-powered natural language intelligence
    Massachusetts High Technology Council, Inc. Board Membersince May 2022N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$700,000Annual10% increase from 2022 base salary of $636,892; approved by the Compensation Committee
    All Other Compensation$1,433AnnualComprises 401(k) Matching Contribution: $743 and Insurance Premiums: $690 (coverage includes group term life and accidental death/dismemberment; benefit capped at the lesser of 2x salary or $500,000)

    Performance Compensation

    Data from  FY 2023

    Annual Cash Incentive Compensation (2023)

    MetricWeightThreshold / Target / MaxTarget / ActualPayout / Details
    Revenue50%Threshold: 80% of target; Target: 100% of target; Max: 120% of targetTarget: $852.0M; Actual: $815.9M89% payout
    Non-GAAP Operating Income50%Threshold: 70% of target; Target: 100% of target; Max: 130% of targetTarget: $236.6M; Actual: $195.4M71% payout
    Personal Performance ScoreIncluded in bonus potentialNot applicableScore: 83.30%Contributed to overall cash incentive

    Long-Term Equity Incentive Plan (LTIP) (2023)

    Performance Stock Units (PSUs)

    • Performance Metric: Total Shareholder Return (TSR) relative to the Philadelphia Semiconductor Index (SOX)
    • Performance Periods:
      • First Period: 2023 through 2025 (2 years)
      • Second Period: 2023 through 2026 (3 years)
    • Earning Thresholds:
      • Below 25th Percentile: 0% of target PSUs earned
      • 25th Percentile: 50% of target PSUs earned
      • 55th Percentile: 100% of target PSUs earned
      • 80th Percentile and above: 200% of target PSUs earned
    • Negative TSR Cap: Earned PSUs are capped at the target level if the company's TSR is negative
    • Grant Details:
      • Grant Date: February 14, 2023
      • Grant Date Fair Value: $2,383,579 for PSUs
      • Grant Date Stock Price: Not disclosed

    Service-Based Restricted Stock Units (RSUs)

    • Vesting Schedule: 33.3% vest on each of the first three anniversaries of the grant date
    • Grant Date Fair Value: $1,943,557 for RSUs
    • Total Equity Grant Fair Value: $4,327,136

    This detailed breakdown covers all available performance compensation components for 2023 using information on performance metrics, targets, payout conditions, and vesting details.