secwatch.observer — SEC 8-K summary
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Issuer:     Valaris Ltd (VAL)
CIK:        0000314808
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001104659-22-065308
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Valaris appoints Christopher T. Weber as CFO; $550K salary, 90% bonus target, RSUs and PSUs
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- Christopher T. Weber appointed SVP and CFO effective July 22, 2022; previous CFO at Lufkin Industries and Halliburton.
- Weber receives $550,000 annual base salary, 90% target bonus, and participates in Executive Severance Plan.
- Awarded 15,240 time-based RSUs vesting through July 2024 and 60,954 PSUs with share price, ROCE, and strategic hurdles.
- Interim CFO Darin Gibbins steps down effective Weber's start date; remains VP – Investor Relations and Treasurer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314808/000110465922065308/0001104659-22-065308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314808/000110465922065308/tm2216986d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-065308

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