- Current report filing (8-K)
July 31 2012 - 4:39PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of
1934
Date of Report (Date of earliest event reported) July 25, 2012
VISTEON CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
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1-15827
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38-3519512
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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One Village Center Drive, Van Buren Township, Michigan
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48111
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code (800)-VISTEON
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On July 25, 2012, the Organization and Compensation Committee of the Board of Directors of Visteon Corporation (the
Company) approved merit-based increases in the annual base salaries for certain officers of the Company effective July 1, 2012, including the following named executive officers:
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Name and Position
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Current Annual Base
Salary
Rate
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Revised Annual Base
Salary
Rate
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Martin E. Welch III
Executive Vice President and Chief Financial Officer
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$
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600,000
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$
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618,000
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Joy M. Greenway
Vice President and President, Climate Product Group
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$
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500,000
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$
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515,000
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Steve Meszaros
Vice President and President, Electronics Product Group
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$
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469,000
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$
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500,000
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Robert C. Pallash
Senior Vice President and President, Global Customer Group
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£
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267,800
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£
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276,900
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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VISTEON CORPORATION
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Date: July 31, 2012
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By:
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/s/ Michael K. Sharnas
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Michael K. Sharnas
Senior Vice
President and General Counsel
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- 3 -
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