The SEC asked Delphi Corp., Troy, Mich., to voluntarily produce documents related to the company's accounting practices with its defined benefit and other postretirement plans, according to the company's 8-K filing. Delphi is "fully cooperating" with the information request, according to the filing. "Given the preliminary nature of this matter, we are not able to predict the potential effect, if any, this investigation will have on Delphi," according to the filing. The company contributed $600 million to its $7.44 billion U.S. pension plans during the first nine months of this year.
The agency's request is not related to a separate investigation of transactions between Delphi and Electronic Data Systems from 2000 to 2003, according to the filing. David Bodkin, director of media relations at Delphi, was not available for comment late today.