UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of
earliest event reported)
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July 11, 2007 |
Delphi
Corporation
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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1-14787
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38-3430473 |
(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.) |
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5725 Delphi Drive, Troy, MI
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48098 |
(Address of Principal Executive Offices)
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(Zip Code) |
(248) 813-2000
(Registrants Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01 OTHER EVENTS
On July 11, 2007, Delphi Corporation (Delphi) contributed approximately $48 million to its United
States (U.S.) pension plans. These defined benefit pension plans are sponsored by Delphi and
certain of its U.S. subsidiaries, all of whom (collectively, the Debtors) filed for
court-supervised restructuring under chapter 11 of the U.S. Bankruptcy Code (Chapter 11). The
amount contributed represents the portion of the pension contribution attributable to services
rendered by employees of the Debtors in the second quarter of 2007. Under the Employee Retirement
Income Security Act and the U.S. Internal Revenue Code, a minimum funding payment of approximately
$309 million to the U.S. pension plans was due on July 13, 2007. As permitted under Chapter 11,
however, Delphi contributed only the portion of the contribution attributable to
post-bankruptcy-petition service. The unpaid portion of the minimum funding payments remains
payable as a claim against Delphi and will be determined in Delphis plan of reorganization with
other claims. Delphi has appointed an independent fiduciary for all of its tax qualified defined
benefit pension plans who is charged with pursuing claims on behalf of the plans to recover minimum
funding contributions.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
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DELPHI CORPORATION
(Registrant)
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Date: July 13, 2007 |
By: |
/s/ THOMAS S. TIMKO
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Thomas S. Timko, |
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Chief Accounting Officer and Controller |
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