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Visteon Extends Period Of Shareholder Nomination For Election To Board

Automotive supplier Visteon Corporation (VC) said Friday that its board of directors has extended the shareholder nominations of persons for election to the board until 10 days after the filing of the company's proxy statement in late April.

The company said that elections to the board will take place at the company's annual shareholders meet scheduled for June 14, 2012.

The company also noted that its board of directors anticipate that some of the current board members may not seek to be re-elected to the board at the 2012 meeting.

Visteon said that the board has created a special committee to identify candidates for such vacancies and has encouraged shareholders to nominate qualified candidates for consideration on or before April 1.

by RTT Staff Writer

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