-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N5Emz48+1u66les5ry5jJKJ/5g2qgL8aZo98HpmboN9Rbp+jIvsS9TUUX0K1KlUZ RftOvOUr9DF3oO46aLlyAw== 0000950123-10-092673.txt : 20101012 0000950123-10-092673.hdr.sgml : 20101011 20101012125728 ACCESSION NUMBER: 0000950123-10-092673 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20101012 DATE AS OF CHANGE: 20101012 GROUP MEMBERS: STARK CRITERION MANAGEMENT LLC GROUP MEMBERS: STARK OFFSHORE MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VISTEON CORP CENTRAL INDEX KEY: 0001111335 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383519512 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-77900 FILM NUMBER: 101118456 BUSINESS ADDRESS: STREET 1: ONE VILLAGE CENTER DRIVE CITY: VAN BUREN TOWNSHIP STATE: MI ZIP: 48111 BUSINESS PHONE: 800-847-8366 MAIL ADDRESS: STREET 1: ONE VILLAGE CENTER DRIVE CITY: VAN BUREN TOWNSHIP STATE: MI ZIP: 48111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Stark Offshore Management, LLC CENTRAL INDEX KEY: 0001307498 IRS NUMBER: 200752288 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3600 SOUTH LAKE DRIVE CITY: ST. FRANCIS STATE: WI ZIP: 53235 BUSINESS PHONE: 414-294-7000 MAIL ADDRESS: STREET 1: 3600 SOUTH LAKE DRIVE CITY: ST. FRANCIS STATE: WI ZIP: 53235 SC 13G 1 c06809sc13g.htm SCHEDULED 13G Scheduled 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 and 92839U305
(CUSIP Number)
October 1, 2010
(Date of Event Which Requires Filing of this Statement)

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

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o 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 in 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).

 
 


 

                     
CUSIP No.
 
92839U206, 92839U305 
 

 

           
1   NAMES OF REPORTING PERSONS

STARK OFFSHORE MANAGEMENT LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  WISCONSIN
       
  5   SOLE VOTING POWER
     
NUMBER OF   3,800,142
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   3,800,142
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,800,142
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  7.5%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

Page 2 of 8 Pages


 

                     
CUSIP No.
 
92839U206, 92839U305 
 

 

           
1   NAMES OF REPORTING PERSONS

STARK CRITERION MANAGEMENT LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  WISCONSIN
       
  5   SOLE VOTING POWER
     
NUMBER OF   200,036
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   200,036
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  200,036
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

Page 3 of 8 Pages


 

                     
CUSIP No.
 
92839U206, 92839U305 
 
Item 1(a)  
Name of Issuer: Visteon Corporation (the “Issuer”).
Item 1(b)  
Address of the Issuer’s Principal Executive Offices:
One Village Center Drive
Van Buren Township, Michigan 48111
Item 2(a)  
Name of Person Filing
The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
  i)  
Stark Offshore Management LLC (“Offshore”); and
 
  ii)  
Stark Criterion Management LLC (“Criterion”).
Item 2(b)  
Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of the Reporting Persons is 3600 South Lake Drive, St. Francis, WI 53235.
Item 2(c)  
Citizenship:
  i)  
Offshore is a Wisconsin limited liability company; and
  ii)  
Criterion is a Wisconsin limited liability company.
Item 2(d)  
Title of Class of Securities:
Common Stock, par value $0.01 per share (the “Shares”).
Item 2(e)  
CUSIP Number:
92839U206 and 92839U305
Item 3.  
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
This Item 3 is not applicable.
Item 4.  
Ownership:
Item 4(a)  
Amount Beneficially Owned:
As of the date hereof, Offshore may be deemed to be the beneficial owner of 3,800,142 Shares and Criterion may be deemed to be the beneficial owner of 200,036 Shares.

 

Page 4 of 8 Pages


 

                     
CUSIP No.
 
92839U206, 92839U305 
 
This statement relates to Shares (as defined herein) held by Stark Master Fund Ltd. (“Stark Master Fund”), and Stark Criterion Master Fund Ltd. (“Criterion Master Fund”). Offshore serves as the investment manager of Stark Master Fund. As such, Offshore has been granted investment discretion over portfolio investments, including the Shares, held by Stark Master Fund. Criterion serves as the investment manager of Criterion Master Fund. As such, Criterion has been granted investment discretion over portfolio investments, including the Shares, held by Criterion Master Fund. In addition, Michael Roth and Brian Stark are the Managing Members of Offshore and Criterion, and as such have the authority to direct the management of Offshore and Criterion. Therefore, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, Offshore, Criterion, and Messrs. Roth and Stark may be deemed to be the beneficial owners of, but each hereby disclaim such beneficial ownership of, the Shares.
Item 4(b)  
Percent of Class:
As of the date hereof, Offshore may be deemed to be the beneficial owner of approximately 7.5% of the total number of Shares outstanding and Criterion may be deemed to be the beneficial owner of 0.4% of the total number of Shares outstanding.
Item 4(c)  
Number of shares as to which such person has:
                 
Offshore        
(i)  
Sole power to vote or direct the vote:
    3,800,142  
(ii)  
Shared power to vote or to direct the vote
    0  
(iii)  
Sole power to dispose or to direct the disposition of
    3,800142  
(iv)  
Shared power to dispose or to direct the disposition of
    0  
                 
Criterion        
(i)  
Sole power to vote or direct the vote:
    200,036  
(ii)  
Shared power to vote or to direct the vote
    0  
(iii)  
Sole power to dispose or to direct the disposition of
    200,036  
(iv)  
Shared power to dispose or to direct the disposition of
    0  
Item 5.  
Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6.  
Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
Item 7.  
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
This Item 7 is not applicable.
Item 8.  
Identification and Classification of Members of the Group:
This Item 8 is not applicable.

 

Page 5 of 8 Pages


 

                     
CUSIP No.
 
92839U206, 92839U305 
 
Item 9.  
Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10.  
Certification:
By signing below each of the Reporting Persons certifies that, to the best of such person’s 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 such purpose or effect.

 

Page 6 of 8 Pages


 

                     
CUSIP No.
 
92839U206, 92839U305 
 
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
         
Date: October 12, 2010  STARK OFFSHORE MANAGEMENT LLC
 
 
  By:   /s/ Brian J. Stark    
    Brian J. Stark   
    Managing Member   
 
Date: October 12, 2010  STARK CRITERION MANAGEMENT LLC
 
 
  By:   /s/ Brian J. Stark    
    Brian J. Stark   
    Managing Member   

 

Page 7 of 8 Pages


 

                     
CUSIP No.
 
92839U206, 92839U305 
 
         
EXHIBIT INDEX
             
        Page No.
A.
  Joint Filing Agreement, dated as of October 12, 2010, by and among Stark Offshore Management LLC and Stark Criterion Management LLC   9

 

Page 8 of 8 Pages

EX-99.A 2 c06809exv99wa.htm EXHIBIT A Exhibit A
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Schedule 13G with respect to the Common Stock, par value $0.01 per share, of Visteon Corporation, dated as of October 12, 2010, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.
         
Date: October 12, 2010  STARK OFFSHORE MANAGEMENT LLC
 
 
  By:   /s/ Brian J. Stark    
    Brian J. Stark   
    Managing Member   
 
Date: October 12, 2010  STARK CRITERION MANAGEMENT LLC
 
 
  By:   /s/ Brian J. Stark    
    Brian J. Stark   
    Managing Member   
 

 

 

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