secwatch.observer — SEC 8-K summary
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Issuer:     Valaris Ltd (VAL)
CIK:        0000314808
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000314808-23-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valaris amends support agreement with Famatown on board nomination and standstill extension
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314808/000031480823000006/0000314808-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314808/000031480823000006/val-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000314808-23-000006

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