secwatch.observer — SEC 8-K summary
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Issuer:     VALVOLINE INC (VVV)
CIK:        0001674910
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001674910-23-000068
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674910/000167491023000068/0001674910-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674910/000167491023000068/vvv-20230711.htm
  HTML page:      https://secwatch.observer/filing/0001674910-23-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer