# EDGAR Filing Document

**Accession Number:** 0001111335
**File Stem:** 0001111335-23-000012
**Filing Date:** 2023-3
**Character Count:** 6930
**Document Hash:** 29dace6bafc4775aa2446aeb000c466c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001111335-23-000012.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0001111335-23-000012

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230302

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VISTEON CORP
- **CENTRAL INDEX KEY:** 0001111335
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **IRS NUMBER:** 383519512
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15827
- **FILM NUMBER:** 23711114

**BUSINESS ADDRESS:**
- **STREET 1:** ONE VILLAGE CENTER DRIVE
- **CITY:** VAN BUREN TOWNSHIP
- **STATE:** MI
- **ZIP:** 48111
- **BUSINESS PHONE:** 800-847-8366

**MAIL ADDRESS:**
- **STREET 1:** ONE VILLAGE CENTER DRIVE
- **CITY:** VAN BUREN TOWNSHIP
- **STATE:** MI
- **ZIP:** 48111

?xml version="1.0" ? vc-20230302

**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 7, 2023 (March 2, 2023)

**VISTEON CORPORATION** 

**(Exact name of registrant as specified in its charter)**

---

| | | | |
|:---|:---|:---|:---|
| **Delaware** | **1-15827** | **1-15827** | **38-3519512** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| **One Village Center Drive,** | **Van Buren Township,** | **Michigan** | **48111** |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (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 communications 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))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $.01 per share | VC | The NASDAQ Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§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 8 - OTHER EVENTS**

**Item 8.01. Other Events.**

On March 2, 2023, the Board of Directors of the Company authorized a share repurchase program of up to $300 million of common stock through December 31, 2026. The press release announcing this repurchase authorization is attached hereto as Exhibit 99.1.

**SECTION 9 - FINANCIAL INFORMATION AND EXHIBITS**

**Item 9.01. Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| Exhibit No. | Description |
| <u>[99.1](ex99sharerepurchaseauthori.htm)</u> | <u>[P](ex99sharerepurchaseauthori.htm)[ress release dated M](ex99sharerepurchaseauthori.htm)[a](ex99sharerepurchaseauthori.htm)[rch 7, 2023](ex99sharerepurchaseauthori.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

**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 | VISTEON CORPORATION |
| By: | /s/Brett D. Pynnonen |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Brett D. Pynnonen |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President and Chief Legal Officer |

---

Date: March 7, 2023&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 99.1

Ex 99.1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;![image_0a.jpg](image_0a.jpg)&nbsp;&nbsp;&nbsp;&nbsp;**NEWS RELEASE**

**Visteon Announces $300 Million Share Repurchase Authorization**

VAN BUREN TOWNSHIP, Mich., March 7, 2023 – Visteon Corporation (Nasdaq: VC) today announced that its board of directors has authorized a share repurchase program of $300 million of common stock expiring December 31, 2026. Visteon expects to fund the repurchases through excess cash on hand and future cash flow generation.

"We are pleased to announce this new share repurchase program, further underscoring our commitment to driving value for our shareholders," said Sachin Lawande, Visteon president and CEO. "This authorization demonstrates our board's confidence in Visteon's strategic growth plan as we deliver digital, software-defined, and electric product solutions that align with key trends in the industry.

Shares may be repurchased from time to time in open market transactions or in privately negotiated transactions depending on market and economic conditions, share price, trading volume, alternative uses of capital and other factors. Such purchases will be made in accordance with applicable U.S. securities laws and regulations.

**About Visteon** Visteon is a global technology company serving the mobility industry, dedicated to creating a more enjoyable, connected and safe driving experience. The company's platforms leverage proven, scalable hardware and software solutions that enable the digital, electric, and autonomous evolution of our global automotive customers. Visteon products align with key industry trends and include digital instrument clusters, displays, Android-based infotainment systems, domain controllers, advanced driver assistance systems and electrification. The company, headquartered in Van Buren Township, Michigan, recorded approximately $3.76 billion in annual sales and booked $6 billion of new business in 2022. Learn more at https://investors.visteon.com/.

**Visteon Contacts** 

Media: Media@Visteon.com

Investors: Kris Doyle 201-247-3050 kdoyle@Visteon.com

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