secwatch.observer — SEC 8-K summary
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Issuer:     Valaris Ltd (VAL)
CIK:        0000314808
Form:       8-K
Filed at:   2021-08-19T23:59:59+00:00
Accession:  0001104659-21-107539
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Valaris CEO and CFO step down; interim leaders appointed effective Sept 3
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- CEO Thomas Burke steps down as President and CEO effective Sept 2, 2021; remains for transition.
- Anton Dibowitz appointed interim President and CEO effective Sept 3; monthly salary of $71,250.
- CFO Jonathan Baksht steps down effective Sept 2; receives severance under Valaris Executive Severance Plan.
- Darin Gibbins appointed interim CFO; monthly salary increased to $31,250 effective Sept 3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/0001104659-21-107539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314808/000110465921107539/tm2125480d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-107539

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