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) June 9, 2010
(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) |
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:
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o 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. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
Pursuant to an annual program applicable to most U.S. salaried employees, on June 9, 2010, 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 officers of the Company
effective July 1, 2010, including the following executive officers:
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Current Annual Base |
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Revised Annual Base |
Name and Position |
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Salary Rate |
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Salary Rate |
Donald J. Stebbins
Chairman, President and Chief Executive Officer |
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$ |
1,200,000 |
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$ |
1,236,000 |
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William G. Quigley III
Executive Vice President and Chief Financial Officer |
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$ |
625,000 |
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$ |
643,750 |
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Joy M. Greenway
Vice President and President, Climate Product Group |
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$ |
485,000 |
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$ |
499,550 |
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