Visteon 8-K Details Financials, Officer Changes, Compensation

TL;DR

**Visteon just dropped an 8-K covering financials, officer changes, and compensation, so keep an eye on their operational health and leadership stability!**

AI Summary

Visteon Corporation filed an 8-K on February 20, 2024, reporting events from February 19, 2024. The filing covers results of operations and financial condition, changes in directors or officers, and compensatory arrangements for certain officers. It also includes a Regulation FD Disclosure and financial statements and exhibits.

Why It Matters

This filing provides transparency into Visteon's recent financial performance and significant leadership and compensation adjustments, which can influence investor confidence and future strategic direction.

Risk Assessment

Risk Level: medium — The filing mentions 'Departure of Directors or Certain Officers' which could indicate potential instability or strategic shifts, warranting a medium risk assessment.

Key Numbers

• 1-15827 — Commission File Number (SEC identification for Visteon)
• 38-3519512 — I.R.S. Employer Identification No. (Tax identification for Visteon)
• 800-VISTEON — Registrant's telephone number (Contact number for Visteon)

Key Players & Entities

• VISTEON CORP (company) — Registrant
• February 20, 2024 (date) — Date of Report
• February 19, 2024 (date) — Date of earliest event reported
• Delaware (company) — State of incorporation
• 001-15827 (dollar_amount) — Commission File Number

FAQ

Key Financial Figures

• $1,150,000 — annualized base salary in the amount of $1,150,000 effective as of April 1, 2024, annual i
• $1,725,000 — incentive opportunity in the amount of $1,725,000, and long-term incentive opportunity in
• $8,850,000 — incentive opportunity in the amount of $8,850,000. SECTION 7 - REGULATION FD Item 7.0

Filing Documents

• vc-20240219.htm (8-K) — 31KB
• exhibit101.htm (EX-10.1) — 10KB
• visteonq42023pr.htm (EX-99.1) — 296KB
• capturea04a.jpg (GRAPHIC) — 11KB
• visteon_wordmarkxorangea.jpg (GRAPHIC) — 84KB
• 0001111335-24-000017.txt ( ) — 611KB
• vc-20240219.xsd (EX-101.SCH) — 2KB
• vc-20240219_lab.xml (EX-101.LAB) — 24KB
• vc-20240219_pre.xml (EX-101.PRE) — 12KB
• vc-20240219_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 20, 2024, the registrant issued a press release regarding its financial results for the fourth quarter and full-year of 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. On February 19, 2024, the Company entered into an Amendment (the " Amended Employment Agreement ") to the Amended and Restated Employment Agreement with Sachin Lawande, the Company's President and Chief Executive Officer, which amends the Amended and Restated Employment Agreement between the Company and Mr. Lawande dated as of October 22, 2020 (the " Prior Employment Agreement "). The term of the Prior Employment Agreement was scheduled to expire on September, 2025. Pursuant to the Amended Employment Agreement, the term of the Amended Employment Agreement was extended through September 30, 2030. All of the other terms and conditions of the Prior Employment Agreement remain in full force and effect. The foregoing description of the modification made in the Amended Employment Agreement is qualified in its entirety by reference to (a) the full text of the Amended Employment Agreement, attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 5.02 by reference, and (b) the full text of the Prior Employment Agreement, attached as Exhibit 10.1 to the prior filed Current Report on Form 8-K, as originally filed by the Company on

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. See "Item 2.02. Results of Operations and Financial Condition" above. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Amendment to Employment Agreement, effective as of February 19, 2024, by and between Visteon Corporation and Sachin Lawande. 99.1 Press release dated February 20 , 202 4 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 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 By: /s/Brett D. Pynnonen Brett D. Pynnonen Senior Vice President and Chief Legal Officer Date: February 20, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR