{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-23-000006","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2023-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.589751+00:00","generated_at":"2026-06-20T07:26:03.028947+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Valaris amends support agreement with Famatown on board nomination and standstill extension","bullets":["Famatown must notify company by March 6, 2023 whether Gunnar W. Eliassen remains nominee or a replacement is designated.","If Famatown nominates and the nominee is elected at 2023 AGM, standstill extends through 2024 AGM nomination deadline.","If Famatown fails to notify by deadline, no Famatown-nominated director will be proposed and standstill ends at 2023 AGM.","Amendment allows Famatown to replace Eliassen before the 2023 AGM, but appointment delayed until after the meeting.","Agreement previously filed December 9, 2021; amendment effective January 25, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-23-000006","json":"https://secwatch.observer/filing/0000314808-23-000006.json","markdown":"https://secwatch.observer/filing/0000314808-23-000006.md","text":"https://secwatch.observer/filing/0000314808-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000006/0000314808-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000006/val-20230125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T07:26:03.028947+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"868ee51f93fb33cf84a38da3d509965d41f76455","claim":"Valaris Ltd amended Amendment No. 1 to Support Agreement with Famatown Finance Limited valued at Amendment extends Standstill Period to completion of 2023 AGM and modifies director nomination right (effective 2023-01-25).","evidence_excerpt":"if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 - Entry into a Material Definitive Agreement On January 25, 2023, Valaris Limited (the “ Company ”) entered into an Amendment No. 1 to Support Agreement (the “ Amendment ”) with Famatown Finance Limited (“ Famatown ”) and the other parties thereto. The Amendment amends the Support Agreement dated December 9, 2021 (the “ Support Agreement ”) to, among other things: (a) provide that Famatown will notify the Company by March 6, 2023 (the “ Nomination Deadline ”) whether Gunnar W. Eliassen (the current Famatown nominee that serves on the board of directors of the Company (the “ Board ”)) will be the Famatown nominee at the 2023 annual general meeting of the Company’s shareholders (the “ 2023 AGM ”) or whether Famatown wishes to designate another nominee that otherwise meets the qualif","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000006/0000314808-23-000006-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"Famatown Finance Limited"},{"label":"Value","value":"Amendment extends Standstill Period to completion of 2023 AGM and modifies director nomination right"},{"label":"Effective","value":"2023-01-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}