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VC > SEC Filings for VC > Form 8-K on 16-Apr-2013All Recent SEC Filings

Show all filings for VISTEON CORP | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) and (e) On April 11, 2013, the Organization and Compensation Committee of the Board of Directors of Visteon Corporation (the "Company") approved the separation from the Company of Ms. Joy Greenway, the Senior Vice President and President, Climate Product Group, and Mr. Keith Shull, Senior Vice President, Human Resources, each effective as of April 30, 2013.

Ms. Greenway and Mr. Shull will receive the benefits as provided under the 2012 Visteon Executive Severance Plan, other existing plans of the Company, and certain additional negotiated benefits, including a cash payment of $120,000 to Ms. Greenway to compensate her for the loss of certain equity awards. Ms. Greenway and Mr. Shull have also agreed to certain non-disparagement, confidentiality, non-solicitation and non-competition covenants.

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