Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

 

VISTEON CORPORATION

(Name of Issuer)

 

 

Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

92839U206

(CUSIP Number)

November 1, 2012

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

Page 1 of 8


CUSIP No. 92839U206   13G   Page 2 of 8 Pages

 

  1   

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

S.A.C. Capital Advisors, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,655,700 (see Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,655,700 (see Item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,655,700 (see Item 4)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.0% (see Item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

* SEE INSTRUCTION BEFORE FILLING OUT

 

Page 2 of 8


CUSIP No. 92839U206   13G   Page 3 of 8 Pages

 

  1   

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

S.A.C. Capital Advisors, Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,655,700 (see Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,655,700 (see Item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,655,700 (see Item 4)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.0% (see Item 4)

12

 

TYPE OF REPORTING PERSON*

 

    CO

 

* SEE INSTRUCTION BEFORE FILLING OUT

 

Page 3 of 8


CUSIP No. 92839U206   13G   Page 4 of 8 Pages

 

  1   

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

S.A.C. Capital Associates, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Anguilla, British West Indies

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,655,100 (see Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,655,100 (see Item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,655,100 (see Item 4)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.0% (see Item 4)

12

 

TYPE OF REPORTING PERSON*

 

    OO

 

* SEE INSTRUCTION BEFORE FILLING OUT

 

Page 4 of 8


CUSIP No. 92839U206   13G   Page 5 of 8 Pages

 

  1   

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Steven A. Cohen

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,655,700 (see Item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,655,700 (see Item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,655,700 (see Item 4)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    5.0% (see Item 4)

12

 

TYPE OF REPORTING PERSON*

 

    IN

 

* SEE INSTRUCTION BEFORE FILLING OUT

 

Page 5 of 8


Item 1   (a)    Name of Issuer:      
     Visteon Corporation      
Item 1   (b)    Address of Issuer’s Principal Executive Offices:      
     One Village Center Drive, Van Buren Township, Michigan 48111      
Item 2   (a)    Name of Person Filing:      
    

This statement is filed by: (i) S.A.C. Capital Advisors, L.P. (“SAC Capital Advisors LP”) with respect to shares of Common Stock, par value $0.01 per share (“Shares”) of the Issuer beneficially owned by S.A.C. Capital Associates, LLC (“SAC Capital Associates”) and S.A.C. MultiQuant Fund, LLC (“SAC MultiQuant Fund”); (ii) S.A.C. Capital Advisors, Inc. (“SAC Capital Advisors Inc.”) with respect to Shares beneficially owned by SAC Capital Advisors LP, SAC Capital Associates and SAC MultiQuant Fund; (iii) SAC Capital Associates with respect to Shares beneficially owned by it; and (iv) Steven A. Cohen with respect to Shares beneficially owned by SAC Capital Advisors LP, SAC Capital Advisors Inc., SAC Capital Associates and SAC MultiQuant Fund.

 

SAC Capital Advisors LP, SAC Capital Advisors Inc., SAC Capital Associates, and Steven A. Cohen have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act.

     
Item 2   (b)    Address or Principal Business Office:      
     The address of the principal business office of (i) SAC Capital Advisors LP, SAC Capital Advisors Inc. and Mr. Cohen is 72 Cummings Point Road, Stamford, Connecticut 06902; and (ii) SAC Capital Associates is Mitchell House, P.O. Box 58, The Valley, Anguilla, British West Indies.      
Item 2   (c)    Citizenship:      
     SAC Capital Advisors LP is a Delaware limited partnership. SAC Capital Advisors Inc. is a Delaware corporation. SAC Capital Associates is an Anguillan limited liability company. Mr. Cohen is a United States citizen.      
Item 2   (d)    Title of Class of Securities:      
     Common Stock, Par Value $0.01 Per Share      
Item 2   (e)    CUSIP Number:      
     92839U206      
Item 3      Not Applicable      

 

Page 6 of 8


Item 4    Ownership:      
   The percentages used herein are calculated based upon the Shares issued and outstanding as of October 26, 2012 as reported in the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission by the Issuer for the quarterly period ended September 30, 2012.      
   As of the close of business on November 1, 2012:      
   1. S.A.C. Capital Advisors, L.P.      
   (a)    Amount beneficially owned:      
      2,655,700      
   (b)    Percent of class:      
      5.0%      
   (c)    (i)    Sole power to vote or to direct the vote:      
         -0-      
      (ii)    Shared power to vote or to direct the vote:      
         2,655,700      
      (iii)    Sole power to dispose or to direct the disposition:      
         -0-      
      (iv)    Shared power or dispose or direct the disposition:      
         2,655,700      
   2. S.A.C. Capital Advisors, Inc.      
   (a)    Amount beneficially owned:      
      2,655,700      
   (b)    Percent of class:      
      5.0%      
   (c)    (i)    Sole power to vote or direct the vote:      
         -0-      
      (ii)    Shared power to vote or direct the vote:      
         2,655,700      
      (iii)    Sole power to dispose or direct the disposition:      
         -0-      
      (iv)    Shared power to dispose or direct the disposition:      
         2,655,700      
   3. S.A.C. Capital Associates, LLC      
   (a)    Amount beneficially owned:      
      2,655,100      
   (b)    Percent of class:      
      5.0%      
   (c)    (i)    Sole power to vote or direct the vote:      
         -0-      
      (ii)    Shared power to vote or direct the vote:      
         2,655,100      
      (iii)    Sole power to dispose or direct the disposition:      
         -0-      
      (iv)    Shared power to dispose or direct the disposition:      
         2,655,100      
   4. Steven A. Cohen      
   (a)    Amount beneficially owned:      
      2,655,700      
   (b)    Percent of class:      
      5.0%      
   (c)    (i)    Sole power to vote or direct the vote:      
         -0-      
      (ii)    Shared power to vote or direct the vote:      
         2,655,700      
      (iii)    Sole power to dispose or direct the disposition:      
         -0-      
      (iv)    Shared power to dispose or direct the disposition:      
         2,655,700      
   SAC Capital Advisors LP, SAC Capital Advisors Inc. and Mr. Cohen own directly no Shares. Pursuant to an investment management agreement, SAC Capital Advisors LP maintains investment and voting power with respect to the securities held by SAC Capital Associates and SAC MultiQuant Fund. SAC Capital Advisors Inc. is the general partner of SAC Capital Advisors LP. Mr. Cohen controls SAC Capital Advisors Inc. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, each of SAC Capital Advisors LP, SAC Capital Advisors Inc. and Mr. Cohen may be deemed to beneficially own 2,655,700 Shares (constituting approximately 5.0% of the Shares outstanding). Each of SAC Capital Advisors LP, SAC Capital Advisors Inc., and Mr. Cohen disclaims beneficial ownership of any of the securities covered by this statement.      
Item 5    Ownership of Five Percent or Less of a Class:   
   If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  ¨   
Item 6    Ownership of More than Five Percent on Behalf of Another Person:      
   Not Applicable      
Item 7    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
   Not Applicable
Item 8    Identification and Classification of Members of the Group:      
   Not Applicable      
Item 9    Notice of Dissolution of Group:      
   Not Applicable      
Item 10    Certification:      
  

By signing below the signatory certifies that, to the best of his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     

 

Page 7 of 8


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: November 2, 2012

 

S.A.C. CAPITAL ADVISORS, L.P.
By:  

/s/ Peter Nussbaum

Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ADVISORS, INC.
By:  

/s/ Peter Nussbaum

Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By:  

/s/ Peter Nussbaum

Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By:  

/s/ Peter Nussbaum

Name: Peter Nussbaum
Title: Authorized Person

 

Page 8 of 8