---
schema_version: "secwatch.filing_event.v1"
accession: "0001674910-23-000004"
form_type: "8-K"
ticker: "VVV"
cik: "0001674910"
company_name: "VALVOLINE INC"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:33:01.650877+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Valvoline amends Tax Matters Agreement with Ashland, clarifying legacy tax attribute use and payment sharing

## Summary
- Amended agreement (Jan 13, 2023) sets rules for Valvoline's amended and future returns claiming Legacy Tax Attributes.
- Valvoline to pay Ashland 100% of tax reimbursement for first $10M, then 80% for each year starting Oct 1, 2018.
- Ashland caps reimbursement for Valvoline's third-party costs to prepare amended returns at $300,000 total.
- Valvoline must file amended returns by March 15, 2023, and provide hypothetical return workpapers for 2018-2020.
- Ashland controls any tax audit portion relating to validity of Legacy Tax Attributes; indemnifies related penalties and costs.

## SEC filing metadata
- accession: 0001674910-23-000004
- form_type: 8-K
- ticker: VVV
- cik: 0001674910
- company_name: VALVOLINE INC
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674910/000167491023000004/0001674910-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674910/000167491023000004/vvv-20230113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001674910-23-000004
- JSON: https://secwatch.observer/filing/0001674910-23-000004.json
- Plain text: https://secwatch.observer/filing/0001674910-23-000004.txt

## Key facts
- Material Agreements
  VALVOLINE INC amended Amendment to Tax Matters Agreement with Ashland Inc. valued at Amendment to Tax Matters Agreement dated September 22, 2016 (effective 2023-01-13).
  - Action: amendment
  - Counterparty: Ashland Inc.
  - Value: Amendment to Tax Matters Agreement dated September 22, 2016
  - Effective: 2023-01-13
  source text: On January 13, 2023, Valvoline Inc., a Kentucky corporation (“ Valvoline ”) and Ashland Inc. (f/k/a Ashland Global Holdings Inc.), a Delaware corporation (“Ashland”) entered into an Amendment, dated as of January 13, 2023 (the “Amendment”) to the Tax Matters Agreement, dated as of September 22, 2016, between Valvoline and Ashland (the “ Tax Matters Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674910/000167491023000004/0001674910-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.