Form 8-K





Washington, D. C. 20549







Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 11, 2015




(Exact name of registrant as specified in its charter)




Delaware   1-15827   38-3519512

(State or other jurisdiction

of incorporation)



File Number)


(IRS Employer

Identification No.)


One Village Center Drive, Van Buren Township, Michigan   48111
(Address of principal executive offices)   (Zip Code)

Registrant’s 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:


¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On June 11, 2015, Visteon Corporation (the “Company”) approved the departure from the Company of Mr. Michael J. Widgren, the Senior Vice President, Corporate Controller and Chief Accounting Officer, effective as of June 12, 2015.

Mr. Widgren will receive the benefits as provided under his Change in Control Agreement, the 2012 Visteon Executive Severance Plan and other existing plans of the Company, as substantially described in the Company’s 2015 proxy statement.

(c) On June 11, 2015, the Company appointed Ms. Stephanie Marianos as the Chief Accounting Officer of the Company effective as of June 11, 2015. Ms. Marianos will receive an annual base salary of $240,000 and be eligible for awards under the Company’s annual incentive bonus and long-term incentive programs at target opportunities of 35% and 65% of her annual base salary, respectively. Ms. Marianos will continue participate in the other existing plans and benefit programs of the Company.

Stephanie S Marianos has been Visteon’s Chief Accounting Officer since June 11, 2015 and Assistant Corporate Controller since July 2014. Prior to that, she was Associate Director, Corporate Finance since May 2012, Associate Director, Corporate Accounting since April 2008 and Senior Manager, Corporate Accounting since joining the Company in September 2005. Before joining Visteon, she was an independent accounting consultant serving manufacturing, insurance and health care companies. Ms. Marianos began her career at Ernst & Young LLP and is a certified public accountant.


Item 5.07. Submission of Matters to a Vote of Security Holders.

(a) The annual meeting of stockholders of the Company was held on June 11, 2015.

(b) At the annual meeting, the stockholders elected the Company’s ten nominees for director to serve for a one-year term beginning at the 2015 annual meeting and expiring at the 2016 annual meeting of stockholders. The stockholders also ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2015, approved the Company’s executive compensation, approved amendments to the 2010 Incentive Plan, and approved a non-binding shareholder proposal relating to proxy access. The Company’s non-binding proposal relating to proxy access was not approved at the meeting. The final voting results are set forth below.


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  (1) Election of directors (majority voting):



   Shares For      Shares Against      Shares Abstain      Broker Non-Votes  

Duncan H. Cocroft

     31,496,481         232,459         18,585         5,460,220   

Jeffrey D. Jones

     31,657,908         70,894         18,723         5,460,220   

Timothy D. Leuliette

     31,716,206         12,254         19,065         5,460,220   

Joanne M. Maguire

     31,705,412         23,442         18,671         5,460,220   

Robert J. Manzo

     31,374,969         353,877         18,679         5,460,220   

Francis M. Scricco

     31,719,354         9,427         18,744         5,460,220   

David L. Treadwell

     31,488,425         240,379         18,721         5,460,220   

Harry J. Wilson

     31,563,318         57,485         126,722         5,460,220   

Rouzbeh Yassini-Fard

     31,718,632         9,877         19,016         5,460,220   

Yuen Kam Ho, George

     31,591,601         137,068         18,856         5,460,220   


  (2) Ratification of the appointment of Ernst & Young LLP:


Shares For


Shares Against


Shares Abstain


Broker Non-Votes

36,185,920   1,006,269   15,556   N/A


  (3) Provide advisory approval of the Company’s executive compensation:


Shares For


Shares Against


Shares Abstain


Broker Non-Votes

30,716,547   413,160   617,818   5,460,220


  (4) Approve amendments to the Visteon Corporation 2010 Incentive Plan:


Shares For


Shares Against


Shares Abstain


Broker Non-Votes

30,788,722   342,481   616,322   5,460,220


  (5) Approve the Company’s non-binding proposal relating to proxy access:


Shares For


Shares Against


Shares Abstain


Broker Non-Votes

6,584,307   24,546,934   616,284   5,460,220


  (6) Consideration of a stockholder’s proposal relating to proxy access:


Shares For


Shares Against


Shares Abstain


Broker Non-Votes

23,553,248   7,574,138   620,139   5,460,220



Item 8.01. Other Events.

On June 11, 2015, the Board of Directors of the Company re-appointed Mr. Francis M Scricco as the non-executive Chairman of the Board of Directors of the Company.


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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.


Date: June 15, 2015 By:

/s/ Peter M. Ziparo

Peter M. Ziparo
Vice President and General Counsel


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