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) December 15, 2017 (December 14, 2017)
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
SECTION 3 – SECURITIES AND TRADING MARKETS
| Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing |
On December 15, 2017 Visteon Corporation (“Visteon”) provided written notice to The New York Stock Exchange (“NYSE”) that it intends to voluntarily delist from the NYSE at the close of trading on December 26, 2017 and intends to transfer the listing of its common stock to The NASDAQ Stock Market (“NASDAQ”) to commence trading on the next business day, December 27, 2017. Visteon’s common stock has been approved for listing on NASDAQ and will continue to trade under the stock symbol “VC”. Visteon’s Board of Directors approved the transfer to NASDAQ on December 14, 2017.
A copy of the press release issued by Visteon in connection with the anticipated transfer of the listing of its common stock from NYSE to NASDAQ 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 No. |
Description | |
| 99.1 |
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: December 15, 2017 | By: | /s/ Brett D. Pynnonen | ||||
| Brett D. Pynnonen | ||||||
| Senior Vice President and General Counsel | ||||||
Exhibit 99.1
|
NEWS RELEASE |
Visteon to Transfer Stock Listing to Nasdaq
VAN BUREN TOWNSHIP, Mich., Dec. 15, 2017 – Visteon Corporation (NYSE: VC), a leading provider of automotive cockpit electronics, today announced it will transfer its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market (Nasdaq), commencing Dec. 27, 2017. Visteon shares will continue to trade under the existing VC ticker symbol. Visteon has been listed on the New York Stock Exchange since going public in 2000. This change is expected to be seamless for Visteon shareholders.
“Our move to Nasdaq, where we will join many other growth-oriented technology enterprises, is consistent with our transformation to a software-focused tech company that is helping put the auto industry on a path toward the digital cockpit and autonomous driving,” said Sachin Lawande, president and CEO of Visteon. “Our partnership with Nasdaq also provides a number of benefits in terms of cost, marketing support and investor relations services.”
“Visteon has established a leading position in one of the fastest-growing segments of automotive technology,” said Adena Friedman, Nasdaq president and CEO. “We are proud to welcome Visteon to our family of pioneering companies, those that have disrupted industries and always aspire to do more. We look forward to supporting its growth and success in the future.”
About Visteon
Visteon is a global technology 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, SmartCore™ cockpit domain controllers, and vehicle connectivity. Visteon also supplies embedded multimedia and smartphone connectivity software solutions to the global automotive industry. Headquartered in Van Buren Township, Michigan, Visteon has approximately 10,000 employees at more than 40 facilities in 18 countries. Visteon had sales of $3.16 billion in 2016. Learn more at www.visteon.com.
Follow Visteon:
Media Contact:
Jim Fisher
734-710-5557
734-417-6184 – mobile
jfishe89@visteon.com
Investor Contact:
Bill Robertson
734-710-8349
william.robertson@visteon.com
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