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 21, 2016
VISTEON CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 1-15827 | 38-3519512 | ||
| (State or other jurisdiction of incorporation) |
(Commission 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)) |
SECTION 8 – OTHER EVENTS
| Item 8.01. | Other Events. |
On March 21, 2016, the Company announced the appointment of Mr. Markus Schupfner to the position of Chief Technology Officer of the Company effective as of April 1, 2016. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit |
Description | |
| 99.1 | Press release dated March 21, 2016. | |
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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.
| VISTEON CORPORATION | ||||||
| Date: March 23, 2016 | By: | /s/ Brett D. Pynnonen | ||||
| Brett D. Pynnonen | ||||||
| Vice President and General Counsel | ||||||
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EXHIBIT INDEX
| Exhibit |
Description |
Page |
||||
| 99.1 | Press release dated March 21, 2016. | 1 | ||||
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|
NEWS RELEASE |
Visteon Names Markus Schupfner Chief Technology Officer
Experienced Infotainment and ADAS Technologist Will Oversee Visteon’s Technology Development Activities for Connected Car and Autonomous Driving
VAN BUREN TOWNSHIP, Mich., March 21, 2016 — Visteon Corporation (NYSE: VC), a leading global supplier of automotive cockpit electronics for the connected car, today announced that Markus Schupfner has been named chief technology officer, effective April 1. Schupfner will lead advanced technology development, especially in the area of advanced driver assistance systems (ADAS) and autonomous driving, as well as product management of all Visteon products.
Schupfner has more than 20 years of experience leading software development for global automotive suppliers, primarily serving high-end vehicle manufacturers. Based in Karlsruhe, Germany, he will be responsible for driving technology innovation globally across Visteon’s technology centers in Europe, the Americas and Asia. He will also lead Visteon’s new technology initiatives in the areas of ADAS, vehicle-to-vehicle and vehicle-to-infrastructure (V2X), and autonomous driving.
“Markus has an exceptional track record in the automotive industry in infotainment and ADAS technologies and brings a high level of credibility, having worked successfully with many of the vehicle manufacturers that are driving the technology evolution in this space,” said Visteon President and CEO Sachin Lawande. “He has established solid relationships with automakers, suppliers, partners and universities that will contribute to our success in future technology initiatives. We are very pleased to have a technology leader of his caliber joining Visteon as CTO.”
Schupfner joins Visteon from Elektrobit Automotive GmbH, an international supplier of embedded software solutions and services, where since 2014 he has been executive vice president of operations, after serving four years as vice president of Elektrobit infotainment solutions. As head of operations at Elektrobit Automotive – recently acquired by Continental AG – Schupfner led innovation, product and service developments for human-machine interaction (HMI), driver assistance, navigation, system integration, connected car and electronic control unit (ECU) solutions. He achieved many successful product launches for high-end vehicle manufacturers and helped turn the company toward a lean development approach.
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Prior to joining Elektrobit, Schupfner was vice president of navigation for the infotainment division of Harman International Industries, where he led product development and pre-development for high-end navigation. He previously held director-level roles during a 12-year career at Siemens VDO and Siemens, responsible for system architecture and technology development of high-end navigation systems for leading automakers.
Schupfner has obtained several patents for embedded navigation software. He has a degree in mathematics from the Technical University of Applied Sciences in Regensburg, Germany.
About Visteon
Visteon is a global company that designs, engineers and manufactures innovative cockpit electronics products and connected car solutions for most of the world’s major vehicle manufacturers. Visteon is a leading provider of instrument clusters, head-up displays, information displays, infotainment, audio systems, and telematics solutions; its brands include Lightscape®, OpenAir® and SmartCore™. Headquartered in Van Buren Township, Michigan, Visteon has nearly 11,000 employees at 50 facilities in 19 countries. Visteon had sales of $3.25 billion in 2015. Learn more at www.visteon.com.
Follow Visteon:
Contact:
Media:
Jim Fisher
734-710-5557
734-417-6184 – mobile
jfishe89@visteon.com
Jonna Christensen
+44.7833.766461
jchris18@visteon.com
Investors:
Bob Krakowiak
734-710-5793
bkrakowi@visteon.com
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