{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-056426","form_type":"8-K","ticker":"VVV","cik":"0001674910","company_name":"VALVOLINE INC","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.097445+00:00","generated_at":"2026-06-18T18:18:26.061472+00:00","sec_items":["1.01","2.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Valvoline completes $2.65B sale of Global Products to Aramco; announces $1.6B buyback","bullets":["Sale of Global Products to Aramco closed March 1, 2023; purchase price $2.65B cash subject to adjustments.","Valvoline becomes pure-play automotive services company; plans $1.6B share repurchase within 18 months.","Three executives (Muashsher, Gerrald, Ryan) resigned to join VGP; Dione Sturgeon appointed CAO.","Valvoline retains Valvoline brand for retail services; enters supply agreement with VGP for lubricants.","Net after-tax proceeds to be used for buyback, debt reduction, and growth investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-056426","json":"https://secwatch.observer/filing/0001193125-23-056426.json","markdown":"https://secwatch.observer/filing/0001193125-23-056426.md","text":"https://secwatch.observer/filing/0001193125-23-056426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523056426/0001193125-23-056426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523056426/d430550d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T18:18:26.061472+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":"05f8649e84","claim":"Jamal K. Muashsher resigned as Senior Vice President and President, Global Products at VALVOLINE INC.","evidence_excerpt":"On March 1, 2023, Jamal K. Muashsher, Valvoline’s Senior Vice President and President, Global Products; Thomas A. Gerrald II, Valvoline’s Senior Vice President and Chief Supply Chain Officer; and Michael S. Ryan, Valvoline’s Chief Accounting Officer, each resigned as executive officers of Valvoline to assume roles with VGP in connection with the Transaction.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523056426/0001193125-23-056426-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Senior Vice President and President, Global Products"}],"fact_type":"executive_change"},{"claim_id":"1c7cac7043","claim":"Dione R. Sturgeon was appointed as Chief Accounting Officer and Controller at VALVOLINE INC.","evidence_excerpt":"Effective March 1, 2023, the Board of Directors of Valvoline appointed Dione R. Sturgeon, age 45, as Chief Accounting Officer and Controller of Valvoline.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523056426/0001193125-23-056426-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Accounting Officer and Controller"}],"fact_type":"executive_change"},{"claim_id":"aa91173e0a","claim":"Michael S. Ryan resigned as Chief Accounting Officer at VALVOLINE INC.","evidence_excerpt":"On March 1, 2023, Jamal K. Muashsher, Valvoline’s Senior Vice President and President, Global Products; Thomas A. Gerrald II, Valvoline’s Senior Vice President and Chief Supply Chain Officer; and Michael S. Ryan, Valvoline’s Chief Accounting Officer, each resigned as executive officers of Valvoline to assume roles with VGP in connection with the Transaction.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523056426/0001193125-23-056426-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"e941b9c419","claim":"Thomas A. Gerrald II resigned as Senior Vice President and Chief Supply Chain Officer at VALVOLINE INC.","evidence_excerpt":"On March 1, 2023, Jamal K. Muashsher, Valvoline’s Senior Vice President and President, Global Products; Thomas A. Gerrald II, Valvoline’s Senior Vice President and Chief Supply Chain Officer; and Michael S. Ryan, Valvoline’s Chief Accounting Officer, each resigned as executive officers of Valvoline to assume roles with VGP in connection with the Transaction.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523056426/0001193125-23-056426-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Senior Vice President and Chief Supply Chain Officer"}],"fact_type":"executive_change"},{"claim_id":"e8e63e7a96a6ee10c4fa3a7a36c6915fbaa4c293","claim":"VALVOLINE INC completed a disposition involving Gateway Velocity Holding Corp. for $2.65 billion in cash (closed 2023-03-01).","evidence_excerpt":"On March 1, 2023, Valvoline completed the Transaction. The purchase price is $2.65 billion in cash, subject to certain customary adjustments as set forth in the Purchase Agreement.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523056426/0001193125-23-056426-index.htm","confidence":0.99,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Gateway Velocity Holding Corp."},{"label":"Consideration","value":"$2.65 billion in cash"},{"label":"Closing","value":"2023-03-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}