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
Date of report (Date of earliest event reported) March 20, 2008
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 |
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(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 |
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(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))
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On March 20, 2008, Delphi Corporation (Delphi or the Company) announced that the New York Stock
Exchange, Inc. approved the listing of shares of Delphi common stock to be issued upon its
emergence from Chapter 11 reorganization proceedings in accordance with the previously announced
confirmed plan of reorganization, subject to official notice of issuance. As a result of such
approval, the restrictions on transfer and exercise of discount rights by residents of Texas, and
the restrictions on transfer of discount rights to residents of Texas, as described in Delphis
prospectus dated March 11, 2008, are no longer applicable. A copy of the press release is attached
as Exhibit 99(a) hereto and incorporated herein by reference.
FORWARD-LOOKING STATEMENTS
This current report on Form 8-K, as well as other statements made by Delphi may contain
forward-looking statements that reflect, when made, the Companys current views with respect to
current events and financial performance. Such forward-looking statements are and will be, as the
case may be, subject to many risks, uncertainties and factors relating to the Companys operations
and business environment which may cause the actual results of the Company to be materially
different from any future results, express or implied, by such forward-looking statements. In some
cases, you can identify these statements by forward-looking words such as may, might, will,
should, expects, plans, anticipates, believes, estimates, predicts, potential or
continue, the negative of these terms and other comparable terminology. Factors that could cause
actual results to differ materially from these forward-looking statements include, but are not
limited to, the following: the ability of the Company to continue as a going concern; the ability
of the Company to operate pursuant to the terms of the debtor-in-possession financing facility and
to obtain an extension of term or other amendments as necessary to maintain access to such
facility; the Companys ability to obtain Court approval with respect to motions in the chapter 11
cases prosecuted by it from time to time; the ability of the Company to consummate its Amended Plan
which was confirmed by the Court on January 25, 2008; the Companys ability to satisfy the terms
and conditions of the EPCA; risks associated with third parties seeking and obtaining Court
approval to terminate or shorten the exclusivity period for the Company to propose and confirm one
or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the
cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with
vendors and service providers; the Companys ability to maintain contracts that are critical to its
operations; the potential adverse impact of the chapter 11 cases on the Companys liquidity or
results of operations; the ability of the Company to fund and execute its business plan and to do
so in a timely manner; the ability of the Company to attract, motivate and/or retain key executives
and associates; the ability of the Company to avoid or continue to operate during a strike, or
partial work stoppage or slow down by any of its unionized employees or those of its principal
customers and the ability of the Company to attract and retain customers. Additional factors that
could affect future results are identified in the Companys Annual Report on Form 10-K for the year
ended December 31, 2007, including the risk factors in Part I. Item 1A. Risk Factors, contained
therein, filed with the SEC. Delphi disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events and/or otherwise.
Similarly, these and other factors, including the terms of any reorganization plan ultimately
confirmed, can affect the value of the Companys various prepetition liabilities, common stock
and/or other equity securities.