Visteon Corp. 8-K Summary: Annual Meeting Results
Business Context and Reporting Period
This Form 8-K reports on the annual meeting of stockholders held by Visteon Corporation on June 9, 2011. The filing details the election of directors and the ratification of the independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Stockholders elected eight nominees to serve one-year terms expiring at the 2012 annual meeting. Notably, Karl J. Krapek received fewer votes "For" than "Withheld," though he was elected under plurality voting rules. The appointment of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2011 was ratified.
| Nominee | Shares For | Shares Withheld | Broker Non-Votes |
|---|---|---|---|
| Duncan H. Cocroft | 33,409,394 | 794,716 | 5,027,701 |
| Philippe Guillemot | 28,493,353 | 5,710,757 | 5,027,701 |
| Herbert L. Henkel | 28,422,775 | 5,781,335 | 5,027,701 |
| Mark T. Hogan | 28,422,780 | 5,781,330 | 5,027,701 |
| Jeffrey D. Jones | 28,302,516 | 5,901,594 | 5,027,701 |
| Karl J. Krapek | 16,601,401 | 17,602,709 | 5,027,701 |
| Timothy D. Leuliette | 33,867,940 | 336,170 | 5,027,701 |
| Donald J. Stebbins | 30,206,683 | 3,997,427 | 5,027,701 |
Ratification of Auditor (PricewaterhouseCoopers LLP):
- Shares For: 37,020,291
- Shares Against: 96,080
- Shares Abstain: 2,115,440
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the board composition following the election of all eight nominees, including Karl J. Krapek who received more withheld votes than affirmative votes.
- Confirm the engagement of PricewaterhouseCoopers LLP for the 2011 fiscal year audit.
- Note the significant number of broker non-votes (5,027,701) across all director elections.