Cover and table of contents
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Cover and table of contents
10-K 1 d332046d10k.htm FORM 10-K
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the fiscal year ended December 31, 2016
Or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from to
(Commission File Number) 000-30419
ON SEMICONDUCTOR CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 36-3840979 | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
5005 E. McDowell Road
Phoenix, AZ 85008
(602) 244-6600
(Address, zip code and telephone number, including area code, of principal executive offices)
| Securities Registered Pursuant to Section 12(b) of the Act: | ||||
| Title of Each Class | Name of Each Exchange on Which Registered | |||
| Common Stock, par value $0.01 per share | The NASDAQ Stock Market LLC | |||
| (NASDAQ Global Select Market) |
Securities Registered Pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ☒ | Accelerated filer ☐ | |||
| Non-accelerated filer ☐ | (Do not check if a smaller reporting company) | Smaller reporting company ☐ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant was $3,601,740,218 as of July 3, 2016, based on the closing sales price of such stock on the NASDAQ Global Select Market. Shares held by executive officers, directors and persons owning directly or indirectly more than 10% of the outstanding common stock (as applicable) have been excluded from the preceding number because such persons may be deemed to be affiliates of the registrant.
The number of shares of the registrant’s common stock outstanding at February 17, 2017 was 419,610,858.
Documents Incorporated by Reference
Portions of the registrant’s Definitive Proxy Statement relating to its 2017 Annual Meeting of Stockholders, which is expected to be filed pursuant to Regulation 14A within 120 days after the registrant’s fiscal year ended December 31, 2016, are incorporated by reference into Part III of this Form 10-K.
Table of Contents
ON SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
FORM 10-K
TABLE OF CONTENTS
(See the glossary immediately following this table of contents for definitions of certain abbreviated terms)
Table of Contents
ON SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
FORM 10-K
GLOSSARY OF SELECTED ABBREVIATED TERMS*
| Abbreviated Term | Defined Term | |
| 1.00% Notes | 1.00% Convertible Senior Notes due 2020 | |
| 1.875% Notes | 1.875% Convertible Senior Subordinated Notes due 2025 | |
| 2.625% Notes | 2.625% Convertible Senior Subordinated Notes due 2026 | |
| 2.625% Notes, Series B | 2.625% Convertible Senior Subordinated Notes due 2026, Series B | |
| ADAS | Advanced driver assistance systems | |
| AEC | Automotive Electronics Council | |
| AFS | Adaptive front lighting systems | |
| Aptina | Aptina, Inc. | |
| Amended and Restated SIP | ON Semiconductor Corporation Amended and Restated Stock Incentive Plan | |
| AMIS | AMIS Holdings, Inc. | |
| AR/VR | Augmented Reality/Virtual Reality | |
| ASC | Accounting Standards Codification | |
| ASIC | Application specific integrated circuits | |
| ASSP | Application specific standard product | |
| ASU | Accounting Standards Update | |
| AXSEM | AXSEM A.G. | |
| Catalyst | Catalyst Semiconductor, Inc. | |
| CCD | Charge-coupled device | |
| CMD | California Micro Devices Corporation | |
| CMOS | Complementary metal oxide semiconductor | |
| CSP | Chip scale package | |
| DFN | Dual-flat no-leads | |
| DSP | Digital signal processor | |
| ECL | Emitter coupled logic | |
| EE | Electrically erasable | |
| EEPROM | Electrically erasable programmable read-only memory | |
| eFuse | Proprietary IBM technology | |
| ERISA | Employee Retirement Income Security Act | |
| ESD | Electrostatic discharge | |
| ESPP | ON Semiconductor Corporation 2000 Employee Stock Purchase Plan | |
| EV/HEV | Electric Vehicles/Hybrid Electric Vehicles | |
| Exchange Act | Securities Exchange Act of 1934, as amended | |
| Fairchild | Fairchild Semiconductor International Inc. | |
| FASB | Financial Accounting Standards Board | |
| FDA | U.S. Food and Drug Administration | |
| Freescale | Freescale Semiconductor, Inc. | |
| FS IGBT | Field stop insulated-gate bipolar transistor | |
| GaN | Gallium nitride | |
| HD | Hyper Device | |
| HE FETs | High efficiency MOSFETs | |
| HV | High voltage | |
| HV FETS | High voltage MOSFETs |
Table of Contents
| Abbreviated Term | Defined Term | |
| IC | Integrated circuit | |
| IGBT | Insulated-gate bipolar transistor | |
| IoT | Internet-of-Things | |
| IP | Intellectual property | |
| IPD | Integrated passive devices | |
| IPRD | In-process research and development | |
| IPM | Intelligent power module | |
| IR | Infrared | |
| KSS | Back-end manufacturing facility in Hanyu, Japan | |
| LDOs | Low drop out regulator controllers | |
| LED | Light-emitting diode | |
| LIBO Rate | London Interbank Offered Rate | |
| LSI | Large scale integration | |
| MOSFET | Metal oxide semiconductor field effect transistor | |
| Motorola | Motorola Inc. | |
| OEM | Original equipment manufacturers | |
| OPAmps | Operational amplifiers | |
| PC | Personal computer | |
| PIMs | Power integrated modules | |
| PSRR | Power supply rejection ratio | |
| RF | Radio frequency | |
| RSU | Restricted Stock Unit | |
| SANYO Electric | SANYO Electric Co., Ltd. | |
| SANYO Semiconductor | SANYO Semiconductor Co., Ltd. | |
| SCI LLC | Semiconductor Components Industries, LLC | |
| SEC | Securities and Exchange Commission | |
| Securities Act | Securities Act of 1933, as amended | |
| SMBC | Sumitomo Mitsui Banking Corporation | |
| SoC | System on chip | |
| TMOS | T-metal oxide semiconductor | |
| Truesense | Truesense Imaging, Inc. | |
| UPS | Uninterruptible power supplies | |
| VCORE | Core voltage | |
| VREG | Voltage regulator | |
| WSTS | World Semiconductor Trade Statistics |
- Terms used, but not defined, within the body of the Form 10-K are defined in this Glossary.
Table of Contents
PART I