Valvoline elects Patrick Pacious, CEO of Choice Hotels, to board of directors

VALVOLINE INC

Patrick Pacious elected to Valvoline board effective July 11, 2023; will serve on Compensation Committee.
Pacious is President & CEO of Choice Hotels International (since 2017) with over 7,400 hotels.
Non-employee director compensation: $100k annual cash retainer, $135k equity retainer; pro-rated RSU award of $73,603 granted.
Chairman Freeland cited Pacious's franchise development expertise as key to Valvoline's retail expansion strategy.

item 5.02 item 9.01

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Appointed

Patrick Pacious

Director

VVV · VALVOLINE INC

Effective: 2023-07-11
Filed: July 12, 2023, 7:59 PM ET

On July 11, 2023, the Board of Directors (the “ Board ”) of Valvoline Inc. (the “ Company ”) approved the recommendation of the Governance & Nominating Committee of the Board that Patrick Pacious be elected to the Board, effective July 11, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Pacious was elected as Director at VALVOLINE INC.

Action: elected
Role: Director

Exact text from the filing

On July 11, 2023, the Board of Directors (the “ Board ”) of Valvoline Inc. (the “ Company ”) approved the recommendation of the Governance & Nominating Committee of the Board that Patrick Pacious be elected to the Board, effective July 11, 2023.

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Source: SEC EDGAR

accession 0001674910-23-000068

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