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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Visteon Corporation | NASDAQ:VC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.40 | 2.16% | 113.57 | 113.41 | 113.55 | 113.71 | 111.99 | 112.38 | 31,364 | 16:24:13 |
VAN BUREN TOWNSHIP, Mich., Feb. 29, 2012 /PRNewswire/ -- Visteon Corporation (NYSE: VC) announced today that its board of directors has amended the company's bylaws to adopt a majority voting standard for the election of directors. The new standard is effective immediately and will apply to all future elections.
(Logo: http://photos.prnewswire.com/prnh/20001201/DEF008LOGO )
The company's new majority vote standard requires each nominee for election to the board to receive a majority of the votes cast to be elected to the board. Previously, under a plurality standard, candidates receiving the most votes were elected, regardless of whether those votes constituted a majority. Plurality voting still will apply in contested elections, where the number of director candidates exceeds the number of director positions available.
Visteon is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Michigan. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in 27 countries and employs approximately 26,000 people. Learn more at www.visteon.com.
SOURCE Visteon Corporation
Copyright 2012 PR Newswire
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