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) March 20, 2006
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 |
(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 |
(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))
TABLE OF CONTENTS
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SECTION 1 REGISTRANTS BUSINESS AND OPERATIONS
Item 1.02. Termination of a Material Definitive Agreement.
On March 20, 2006, Visteon Corporation (Visteon) provided written notice of termination of
the service agreement between Dr. Heinz Pfannschmidt, Visteons Executive Vice President and
President, Europe & South America, and Visteon International Business Development, Inc., Visteons
indirect wholly-owned subsidiary (VIBDI), and notice of its intention to seek the approval of the
termination of the employment contract between Dr. Pfannschmidt and Visteon Holdings GmbH,
Visteons indirect wholly-owned subsidiary (VHG). Pursuant to the terms of the service
agreement, VIBDI will continue to pay Dr. Pfannschmidt his current compensation otherwise payable
under the service agreement for up to twenty-four (24) months following the date of the notice of
termination (the Notice Period), which Dr. Pfannschmidt may elect to receive in a single lump sum
payment or in installments. At the end of the Notice Period, Dr. Pfannschmidt will have the option
to elect early retirement under his existing pension arrangement with VHG.