1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
[X] Annual report pursuant to Section 15(d) of the Securities Exchange Act
of 1934 (No fee required, effective October 7, 1996)
For the fiscal year ended December 30, 2000
or
[ ] Transition report pursuant to Section 15(d) of the Securities Exchange
Act of 1934 (No fee required)
For the transition period from to
-------------------- --------------------
Commission file number 1-15827
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
Visteon Investment Plan
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Visteon Corporation
5500 Auto Club Drive
Dearborn, Michigan 48126
REQUIRED INFORMATION
FINANCIAL STATEMENTS AND SCHEDULES (UNAUDITED INITIAL SHORT PLAN YEAR).
Schedule H, Part I - Statement of Net Assets Available for Benefits, as of
December 31, 2000.
Schedule H, Part II - Statement of Changes in Net Assets Available for
Benefits, as of December 31, 2000.
Schedule of Assets Held for Investment Purposes as of December 31, 2000.
Reportable Transactions for the Year Ended December 30, 2000.
11K-1
2
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act
of 1934, the trustees (or other persons who administer the employee benefit
plan) have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
VISTEON INVESTMENT PLAN
Date June 28, 2001 By /s/ Robert H. Marcin
----------------------- ------------------------------------
Robert H. Marcin
Chairman, Visteon Investment Plan
Administrative Committee
11K-2
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| Official Use Only
SCHEDULE H | FINANCIAL INFORMATION
(FORM 5500) | | OMB NO. 1210-0110
Department of the Treasury | |---------------------
Internal Revenue Service |This schedule is required to be filed under Section 104 of the Employee |
----------- |Retirement Income Security Act of 1974 (ERISA) and Section 6058(a) of the| 2000
Department of Labor | Internal Revenue Code (the Code). |
Pension and Welfare Benefits | |---------------------
Administration | |
------------ | |THIS FORM IS OPEN TO
Pension Benefit Guaranty Corporation| >FILE AS AN ATTACHMENT TO FROM 5500. | PUBLIC INSPECTION.
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For calendar year 2000 or fiscal plan year beginning July 1, 2000 and ending December 30, 2000.
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A Name of plan | B Three-digit |
Visteon Investment Plan | plan number > | 002
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C Plan sponsor's name as shown on line 2a of Form 5500 | D Employer Identification Number
VISTEON CORPORATION | 38-3519512
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PART I | ASSET AND LIABILITY STATEMENT
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1 Current value of plan assets and liabilities at the beginning and end of the
plan year. Combine the value of plan assets held in more than one trust.
Report the value of the plan's interest in a commingled fund containing the
assets of more than one plan on a line-by-line basis unless the value is
reportable on lines 1c(9) through 1c(14). Do not enter the value of that
portion of an insurance contract which guarantees, during this plan year, to
pay a specific dollar benefit at a future date. ROUND OFF AMOUNTS TO THE
NEAREST DOLLAR. DFEs do not complete lines 1b(1), 1b(2), 1c(8), 1g, 1h, 1i
and, except for master trust investment accounts, also do not complete lines
1d and 1e. See Instructions.
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ASSETS | | (a) Beginning of Year | (b) End of Year
|-------|-----------------------------|----------------------
a Total noninterest-bearing cash.................................... | a | |
|-------|-----------------------------|----------------------
b Receivables (less allowance for doubtful accounts): | | |
|-------|-----------------------------|----------------------
(1) Employer contributions....................................... | b(1) | |
|-------|-----------------------------|----------------------
(2) Participant contributions.................................... | b(2) | |
|-------|-----------------------------|----------------------
(3) Other........................................................ | b(3) | |
|-------|-----------------------------|----------------------
c General investments: | | |
|-------|-----------------------------|----------------------
(1) Interest-bearing cash (incl. money market accounts and | | |
certificates of deposit)..................................... | c(1) | | 1,536,650
|-------|-----------------------------|----------------------
(2) U.S. Government securities................................... | c(2) | |
|-------|-----------------------------|----------------------
(3) Corporate debt instruments (other than employer securities): | | |
|-------|-----------------------------|----------------------
(A) Preferred............................................... |c(3)(A)| |
|-------|-----------------------------|----------------------
(B) All other............................................... |c(3)(B)| |
|-------|-----------------------------|----------------------
(4) Corporate stocks (other than employer securities): | | |
|-------|-----------------------------|----------------------
(A) Preferred............................................... |c(4)(A)| |
|-------|-----------------------------|----------------------
(B) Common.................................................. |c(4)(B)| |
|-------|-----------------------------|----------------------
(5) Partnership/joint venture interests.......................... | c(5) | |
|-------|-----------------------------|----------------------
(6) Real estate (other than employer real property).............. | c(6) | |
|-------|-----------------------------|----------------------
(7) Loans (other than to participants)........................... | c(7) | |
|-------|-----------------------------|----------------------
(8) Participant loans............................................ | c(8) | | 2,831,650
|-------|-----------------------------|----------------------
(9) Value of interest in common/collective trusts................ | c(9) | | 42,282,675
|-------|-----------------------------|----------------------
(10) Value of interest in pooled separate accounts................ | c(10) | |
|-------|-----------------------------|----------------------
(11) Value of interest in master trust investment accounts........ | c(11) | |
|-------|-----------------------------|----------------------
(12) Value of interest in 103-12 investment entities.............. | c(12) | |
|-------|-----------------------------|----------------------
(13) Value of interest in registered investment companies (e.g., | | |
mutual funds)................................................ | c(13) | | 79,098,076
|-------|-----------------------------|----------------------
(14) Value of funds held in insurance co. general account | | |
(unallocated contracts)...................................... | c(14) | |
|-------|-----------------------------|----------------------
(15) Other........................................................ | c(15) | |
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FOR PAPERWORK REDUCTION ACT NOTICE AND OMB CONTROL v3.2 SCHEDULE H (FORM 5500) 2000
NUMBERS, SEE THE INSTRUCTIONS FOR FORM 5500.
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Schedule H (Form 5500) 2000 Page 2 -----------------
----------------------------------------------------- Official Use Only
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d Employer-related investments: | | (a) Beginning of Year | (b) End of Year
|-------|-----------------------------|----------------------
(1) Employer securities........................................... | d(1) | | 16,335,918
|-------|-----------------------------|----------------------
(2) Employer real property........................................ | d(2) | |
|-------|-----------------------------|----------------------
e Buildings and other property used in plan operation............... | e | |
|-------|-----------------------------|----------------------
f Total assets (add all amounts in lines 1a through 1e)............. | f | | 142,084,969
|-------|-----------------------------|----------------------
LIABILITIES | | |
|-------|-----------------------------|----------------------
g Benefit claims payable............................................ | g | |
|-------|-----------------------------|----------------------
h Operating payables................................................ | h | |
|-------|-----------------------------|----------------------
i Acquisition indebtedness.......................................... | i | |
|-------|-----------------------------|----------------------
j Other liabilities................................................. | j | |
|-------|-----------------------------|----------------------
k Total liabilities (add all amounts in lines 1g through 1j)........ | k | |
|-------|-----------------------------|----------------------
NET ASSETS | | |
|-------|-----------------------------|----------------------
l Net assets (subtract line 1k from line 1f)........................ | l | | 142,084,969
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PART II | INCOME AND EXPENSE STATEMENT
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2 Plan income, expenses, and changes in net assets for the year. Include all
income and expenses of the plan, including any trust(s) or separately
maintained fund(s) and any payments/receipts to/from insurance carriers.
Round off amounts to the nearest dollar. DFEs do not complete lines 2a,
2b(1)(E), 2e, 2f, and 2g.
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INCOME | | (a) Amount | (b) Total
|-------|----------------------|----------------------
a CONTRIBUTIONS: | | |
|-------|----------------------|----------------------
(1) Received or receivable in cash from: (A) Employers.................. |a(1)(A)| 15,692,478 |
|-------|----------------------|----------------------
(B) Participants................................................... |a(1)(B)| 34,179,499 |
|-------|----------------------|----------------------
(C) Others (including rollovers)................................... |a(1)(C)| 1,741,197 |
|-------|----------------------|----------------------
(2) Noncash contributions............................................... | a(2) | |
|-------|----------------------|----------------------
(3) Total contributions. Add lines 2a(1)(A), (B), (C), and line 2a(2)... | a(3) | | 51,613,174
|-------|----------------------|----------------------
b EARNINGS ON INVESTMENTS: | | |
|-------|----------------------|----------------------
(1) Interest: | | |
|-------|----------------------|----------------------
(A) Interest-bearing cash (including money market | | |
accounts and certificates of deposit).......................... |b(1)(A)| |
|-------|----------------------|----------------------
(B) U.S. Government securities..................................... |b(1)(B)| |
|-------|----------------------|----------------------
(C) Corporate debt instruments..................................... |b(1)(C)| |
|-------|----------------------|----------------------
(D) Loans (other than to participants)............................. |b(1)(D)| |
|-------|----------------------|----------------------
(E) Participant loans.............................................. |b(1)(E)| 5,167 |
|-------|----------------------|----------------------
(F) Other.......................................................... |b(1)(F)| |
|-------|----------------------|----------------------
(G) Total Interest. Add lines 2b(1)(A) through (F)................. |b(1)(G)| | 5,167
|-------|----------------------|----------------------
(2) Dividends: (A) Preferred stock.................................... |b(2)(A)| |
|-------|----------------------|----------------------
(B) Common Stock................................................... |b(2)(B)| 43,215 |
|-------|----------------------|----------------------
(C) Total dividends. Add lines 2b(2)(A) and (B).................... |b(2)(C)| | 43,215
|-------|----------------------|----------------------
(3) Rents............................................................... | b(3) | |
|-------|----------------------|----------------------
(4) Net gain (loss) on sales of assets: (A) Aggregate proceeds........ |b(4)(A)| 1,669,815 |
|-------|----------------------|----------------------
(B) Aggregate carrying amount (see instructions)................... |b(4)(B)| 1,673,838 |
|-------|----------------------|----------------------
(C) Subtract line 2b(4)(B) from line 2b(4)(A) and enter result..... |b(4)(C)| | (4,023)
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Schedule H (Form 5500) 2000 Page 3 -----------------
----------------------------------------------------- Official Use Only
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| | (a) Amount | (b) Total
|-------|--------------------|-------------------
(5) Unrealized appreciation (depreciation) of assets: (A) Real estate........ |b(5)(A)| |
|-------|--------------------|-------------------
(B) Other................................................................. |b(5)(B)| (3,995,431)|
|-------|--------------------|-------------------
(C) Total unrealized appreciation of assets. Add lines 2b(5)(A) and (B)... |b(5)(C)| | (3,995,431)
|-------|--------------------|-------------------
(6) Net investment gain (loss) from common/collective trusts.................. | b(6) | | 208,271
|-------|--------------------|-------------------
(7) Net investment gain (loss) from pooled separate accounts.................. | b(7) | |
|-------|--------------------|-------------------
(8) Net investment gain (loss) from master trust investment accounts.......... | b(8) | |
|-------|--------------------|-------------------
(9) Net investment gain (loss) from 103-12 investment entities................ | b(9) | | (771,384)
|-------|--------------------|-------------------
(10) Net investment gain (loss) from registered investment companies | | |
(e.g., mutual funds)...................................................... | b(10) | |
|-------|--------------------|-------------------
c Other Income.................................................................. | c | |
|-------|--------------------|-------------------
d Total Income. Add all INCOME amounts in column (b) and enter total............ | d | | 47,098,989
|-------|--------------------|-------------------
EXPENSES | | |
|-------|--------------------|-------------------
e Benefit payment and payments to provide benefits: | | |
|-------|--------------------|-------------------
(1) Directly to participants or beneficiaries, including direct rollovers..... | e(1) | 105,344 |
|-------|--------------------|-------------------
(2) To Insurance carriers for the provision of benefits....................... | e(2) | |
|-------|--------------------|-------------------
(3) Other..................................................................... | e(3) | |
|-------|--------------------|-------------------
(4) Total benefit payments. Add lines 2e(1) through (3)....................... | e(4) | | 105,344
|-------|--------------------|-------------------
f Corrective distributions (see instructions)................................... | f | |
|-------|--------------------|-------------------
g Certain deemed distributions of participant loans (see Instructions).......... | g | |
|-------|--------------------|-------------------
h Interest expense.............................................................. | h | |
|-------|--------------------|-------------------
i Administrative expenses: (1) Professional fees............................... | i(1) | |
|-------|--------------------|-------------------
(2) Contact administrator fees................................................ | i(2) | |
|-------|--------------------|-------------------
(3) Investment advisory and management fees................................... | i(3) | |
|-------|--------------------|-------------------
(4) Other..................................................................... | i(4) | 653 |
|-------|--------------------|-------------------
(5) Total administrative expenses. Add lines 2i(1) through (4)................ | i(5) | | 653
|-------|--------------------|-------------------
j Total expenses. Add all EXPENSE amounts in column (b) and enter total......... | j | | 105,997
|-------|--------------------|-------------------
NET INCOME AND RECONCILIATION | | |
|-------|--------------------|-------------------
k Net income (loss) (subtract line 2j from line 2d)............................. | k | | 46,992,992
|-------|--------------------|-------------------
l Transfers of assets | | |
|-------|--------------------|-------------------
(1) To this plan.............................................................. | l(1) | | 48,266,077
|-------|--------------------|-------------------
(2) From this plan............................................................ | l(2) | | (134,744)
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PART III | ACCOUNTANT'S OPINION
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3 The opinion of an independent qualified public accountant for this plan is (see instructions):
a ATTACHED to this Form 5500 and the opinion is: (1) [ ] Unqualified (2) [ ] Qualified (3) [ ] Disclaimer (4) [ ] Adverse
b Not attached because: (1) [ ] the Form 5500 is filed for a CCT, PSA or MTIA.
(2) [X] the opinion will be attached to the next Form 5500 pursuant to 29 CFR 2520.104-50.
c Also check this box if the accountant performed a limited scope audit pursuant to 29 CFR 2520.103-8 and/or 2520.103-12(d)...[ ]
d If an accountant's opinion is attached, enter the name and EIN of the accountant (or accounting firm) >
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2/28/2001 VISTEON INVESTMENT PLAN PAGE 1
SUMMARY OF NET TRUST ASSETS
TOTAL PLAN ASSETS AS OF 12/31/2000
SHARE BALANCE TOTAL
FUND NAME (CUSIP #) 12/31/2000 PRICE MARKET VALUE
------------------- ---------- ------------ -----------------
INTEREST INCOME FUND 0.000 $1.00 $0.00
TRP SPECTRUM GROWTH 9,174.533 $15.72 $144,223.66
SCUDDER INTL FUND S 14,286.l58 $50.31 $718,736.61
DOMINI SOCIAL EQUITY 2,086.595 $34.57 $72,133.59
TRP SPECTRUM INCOME 19,814.808 $10.77 $213,405.48
TRP NEW HORIZONS 109,669.621 $23.89 $2,620,007.25
SCUDDER GLOBAL S 5,009.427 $26.72 $133,851.89
TRP INTL STOCK 66,399.474 $14.52 $964,120.36
SCUDDER GLOBAL DISC 26,462.053 $31.23 $826,409.92
TRP INTL DISCOVERY 57,126.405 $25.45 $1,453,867.01
SCUDDER INCOME S 6,720.865 $12.54 $84,279.65
TRP NEW ASIA 74,378.764 $6.90 $513,213.47
SCUDDER GROWTH & INC 9,524.389 $24.15 $230,013.99
TRP HIGH YIELD 77,828.564 $6.94 $540,130.23
SCUDDER EUROPE GRTH 44,143.501 $31.05 $1,370,655.71
TRP NEW ERA 4,221.100 $24.30 $102,572.73
SCUDDER JAPAN FUND S 46,896.216 $9.99 $468,493.20
TRP LATIN AMERICA 25,291.685 $9.56 $241,788.51
VAN LS CONSERV GRTH 9,831.423 $14.70 $144,521.92
VAN LS MODERATE GRTH 3,622.196 $17.24 $62,446.66
VAN LS GROWTH 11,805.801 $19.59 $231,275.64
VANGUARD 500 INDEX 52,921.260 $121.86 $6,448,984.74
VANGUARD VALUE INDEX 34,058.145 $22.87 $778,909.78
VANG GROWTH INDEX 168,883.663 $30.57 $5,162,773.58
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2/28/2001 VISTEON INVESTMENT PLAN PAGE 2
SUMMARY OF NET TRUST ASSETS
TOTAL PLAN ASSETS AS OF 12/31/2000
SHARE BALANCE TOTAL
FUND NAME (CUSIP #) 12/31/2000 PRICE MARKET VALUE
------------------- ---------- ----- ------------
VANGUARD EXPLORER 20,338.566 $60.09 $1,222,144.43
VANGUARD INTL VALUE 6,999.766 $26.03 $182,203.91
COMMON STOCK FUND 913,329.908 $8.64 $7,891,170.41
BOND FUND 92,532.453 $10.72 $991,947.90
VISTEON STOCK FUND 2,466,992.634 $7.12 $17,564,987.55
FIDELITY FUND 37,537.498 $32.76 $1,229,728.43
FIDELITY PURITAN 17,314.534 $18.83 $326,032.68
FIDELITY TREND 1,863.442 $56.41 $105,116.76
FIDELITY MAGELLAN 72,758.251 $119.30 $8,680,059.34
FIDELITY CONTRAFUND 144,837.163 $49.17 $7,121,643.30
FIDELITY EQUITY INC 21,113.858 $53.43 $1,128,113.43
FIDELITY GROWTH CO 150,630.634 $71.43 $10,759,546.19
FIDELITY INVST GR BD 49,011.231 $7.16 $350,920.41
FIDELITY GROW & INC 89,964.683 $42.10 $3,787,513.15
FIDELITY VALUE 49,356.438 $46.35 $2,287,670.90
FIDELITY GOVT INCOME 49,487.487 $9.87 $488,441.50
FID INDEPENDENCE FD 201,617.682 $22.01 $4,437,605.l8
FIDELITY OVERSEAS 24,601.137 $34.37 $845,541.08
FIDELITY EUROPE 12,080.045 $29.77 $359,622.94
FIDELITY PAC BASIN 20,486.835 $17.29 $354,217.38
FIDELITY REAL ESTATE 30,925.121 $18.50 $572,114.74
FIDELITY BALANCED 18,760.927 $15.19 $284,978.48
FIDELITY INTL GR&INC 9,718.033 $22.72 $220,793.71
FIDELITY CAP APPREC 30,728.604 $22.23 $683,096.87
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2/28/2001 VISTEON INVESTMENT PLAN PAGE 3
SUMMARY OF NET TRUST ASSETS
TOTAL PLAN ASSETS AS OF 12/31/2000
SHARE BALANCE TOTAL
FUND NAME (CUSIP #) 12/31/2000 PRICE MARKET VALUE
------------------- ------------- ----- -------------
FIDELITY CANADA 12,561.814 $21.02 $264,049.33
FIDELITY UTILITIES 48,990.136 $16.09 $788,251.29
FID ASSET MANAGER 23,657.606 $16.82 $397,920.93
FIDELITY WORLDWIDE 16,975.769 $15.63 $265,331.27
FIDELITY STK SELECTR 33,379.908 $24.84 $829,156.91
FID ASSET MGR GROWTH 59,899.474 $15.91 $953,000.63
FID ASSET MGR INCOME 20,142.434 $11.73 $236,270.75
FIDELITY DIVD GROWTH 133,204.127 $29.96 $3,990,795.64
FIDELITY NEW MKT INC 45,878.295 $11.39 $522,553.78
FIDELITY GLOBAL BAL 2,285.798 $17.43 $39,841.46
FIDELITY SM CAP SEL 56,920.866 $16.23 $923,825.66
FIDELITY INTL BOND 1,752.933 $8.36 $14,654.52
FID MGD INC PORT II 34,625,641.010 $1.00 $34,625,641.01
OUTSTANDING LOAN BALANCE $2,831,650.06
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NET ASSETS 12/31/2000: $142,084,969.49
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2/28/2001 VISTEON INVESTMENT PLAN
SUMMARY OF 5% REPORTABLE TRANSACTIONS
Pursuant to Department of Labor Regulation (DOL) 2520.103-6(c)
For the Plan Year Ending 12/30/2000
Beginning Plan Balance : $0.00
5% of Beginning Balance (applicable for IRS Form 5500, Schedule H filers): $0.00
Schedule below is a record of all non-participant directed transactions pursuant
to IRS Form 5500 instructions.
Transactions pursuant to DOL Sec. 2520.103-6(c)(l)(iii) and 2520.103-6(d):
Any transaction within the plan year involving securities of the same issue if
within the plan year any series of transactions with respect to such securities,
when aggregated, involves an amount in excess of 5% for Schedule H filers of the
current value of plan assets.
Description of Total Total Total Total Coat of Net % to
Asset/Transaction # of Amount of # of Amount Assets Realized Beg
Purch Purchases Sales of Sales Sold Gain/Loss Bal
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*** NO REPORTABLE TRANSACTIONS ***
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PROGRAM: PSPB703 -01 FIDELITY PARTICIPANT RECORDKEEPING SYSTEM
RUN DATE: 02/28/2001 SUMMARY OF TRANSACTIONS FOR DAYS EXCEEDING 5 PERCENT
VISTEON INVESTMENT PLAN
SUMMARY OF REPORTABLE TRANSACTIONS
Pursuant to Department of Labor Regulation (DOL) 2520.103-6(c)
For the Plan Year Ending 12/30/2000
Beginning Plan Balance : $0.00
5% of Beginning Balance (applicable for IRS Form 5500, Schedule H filers): $0.00
Schedule below is record of all non-participant directed transactions pursuant
to IRS Form 5500 instructions.
Transactions pursuant to DOL Sec. 2520.103-6(c)(l)(i) and 2520.103-6(d): A
transaction within the plan year, with respect to any plan asset, involving
amount in excess of 5% for Schedule H filers of the current value of plan
assets.
Description of Date Purchase Sales Expenses Cost of Realized % to
Asset/Transaction Price Price Incurred Assets Gain/Loss Beg Bal
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*** NO REPORTABLE TRANSACTIONS ***