Visteon Corporation incorporated on Jan. 5, 2000, in the state of Delaware.
Current information about Visteon Corporation is available on our website, www.visteon.com (opens in new window) or on the About Us page.
The Visteon corporate address is: Visteon Corporation One Village Center Drive Van Buren Township, MI 48111
Web site: www.visteon.com
Visteon’s shares trade on the Nasdaq Stock Market under the symbol VC.
To request a stock certificate, contact Computershare:
Visteon Corporation c/o Computershare P.O. Box 505000 Louisville, KY 40233
Tel: (877) 881-5962 (toll-free, within U.S. and Canada) Tel: (201) 680-6578 (outside U.S. and Canada) Tel: (800) 231-5469 (hearing impaired – TTY Phone) Tel: (201) 680-6610 (hearing impaired – TTY Phone) Shareholder website: www.computershare.com/investor Shareholder online inquiries: https://www-us.computershare.com/investor/Contact
In the near term, the company does not plan to pay any dividends.
Visteon paid a quarterly dividend of $0.06 per share from September 2000 until December 2004.
Visteon Corporation has not issued any preferred stock.
Visteon typically announces the date in a news release approximately one week before the quarterly earnings conference call. It will be posted on the Investor section of Visteon's website www.visteon.com, once announced.
Yes. Visteon Corporation posts the time and date of earnings calls on the Investor section of Visteon's website www.visteon.com, once announced.
The Visteon Corporation fiscal year ends on Dec. 31. Visteon Corporation usually announces its earnings approximately one month after the end of each quarter.
Visteon Corporation's annual reports and other SEC filings are available on the SEC Filings page of Visteon’s website.
Visteon Corporation filed a revised Form 8937, “Report of Organizational Actions Affecting Basis of Securities,” on Feb. 2, 2017, stating that 0% of the distribution is expected to be characterized as a taxable dividend, meaning the entire amount of the distribution is expected to be characterized as a return of capital. Any amount considered a return of capital will reduce shareholder basis to the extent thereof. Any portion of the distribution in excess of shareholder basis will be capital gain to the recipient shareholder.
Each stock option and stock appreciation right had its per-share exercise price reduced after the first full day that the stock traded ex-distribution, such that the new exercise price was equal to the average of the high and low trading prices of Visteon Corporation common stock on Jan. 25, 2016, minus the option’s or stock appreciation right’s “spread value,” where the “spread value” equaled the average of the high and low trading prices of Visteon Corporation common stock on the last trading day immediately before Jan. 25, 2016, minus the previously unadjusted exercise price of the option or stock appreciation right.
In general, restricted stock unit and performance stock unit holders were paid the special distribution if and when the restricted stock units and/or performance stock units to which the distribution relates became vested. For performance stock units, the distribution payment depended on performance under the performance stock unit agreement. The special distribution payments were held by the company until the related restricted stock units and/or performance stock units become vested.
Statements in this document other than historical facts, such as statements regarding the payment of the special cash distribution and the outlook with respect to growth, are forward-looking statements, and are subject to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations, and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to a variety of factors, including, but not limited to, those factors identified in Visteon Corporation’s Annual Report on our latest Form 10-K for the year, subsequently filed Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). Visteon Corporation assumes no obligation to, and does not currently intend to, update these forward-looking statements.
Visteon emerged from Chapter 11 reorganization on Oct. 1, 2010.
How were shares of Visteon Corporation stock treated when it emerged from Chapter 11 reorganization?
On the effective date of the plan of reorganization (Oct. 1, 2010), Visteon common stock and any warrants or options to purchase the “old” common stock were canceled. Holders of this stock received a pro rata portion of warrants to purchase 3 percent of the shares of “new” Visteon common stock at an exercise price of $58.50, as well as 2 percent of the distributable equity of “new” Visteon.
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