{"schema_version":"secwatch.filing_event.v1","accession":"0001674910-23-000083","form_type":"8-K","ticker":"VVV","cik":"0001674910","company_name":"VALVOLINE INC","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.816144+00:00","generated_at":"2026-06-11T22:33:01.568797+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Valvoline Q3 sales +19%, adj EPS +105%; CEO Mitchell to retire, Flees named successor","bullets":["Sales from continuing ops $376.2M (+19% YoY); adjusted EPS $0.43 (+105%); system-wide SSS +12.5%.","Completed modified Dutch auction tender offer repurchasing 27.0M shares at $38 for $1.02B.","CEO Sam Mitchell retiring effective Sept 30, 2023; succeeded by Lori Flees (President Retail Services) on Oct 1.","Flees receives base salary increase to $900k, target annual incentive to 100% of base, LTI target to $2.5M.","Net store additions 23 (22 company-operated, 1 franchised); total system-wide stores 1,804."],"urls":{"canonical":"https://secwatch.observer/filing/0001674910-23-000083","json":"https://secwatch.observer/filing/0001674910-23-000083.json","markdown":"https://secwatch.observer/filing/0001674910-23-000083.md","text":"https://secwatch.observer/filing/0001674910-23-000083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674910/000167491023000083/0001674910-23-000083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674910/000167491023000083/vvv-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T22:33:01.568797+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":"168d909231","claim":"Samuel J. Mitchell, Jr. departed as Director at VALVOLINE INC.","evidence_excerpt":"Samuel J. Mitchell, Jr., the Company’s Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”), notified the Company’s Board on August 3, 2023 of his intention to retire as CEO and as a member of the Board, effective as of the close of business on September 30, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000167491023000083/0001674910-23-000083-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5997fe2fdc","claim":"Lori A. Flees was appointed as Chief Executive Officer at VALVOLINE INC.","evidence_excerpt":"The Board has appointed Lori A. Flees, the Company’s President, Retail Services, to succeed Mr. Mitchell as CEO, effective October 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000167491023000083/0001674910-23-000083-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"93f60f126f","claim":"Samuel J. Mitchell, Jr. departed as Chief Executive Officer at VALVOLINE INC.","evidence_excerpt":"Samuel J. Mitchell, Jr., the Company’s Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”), notified the Company’s Board on August 3, 2023 of his intention to retire as CEO and as a member of the Board, effective as of the close of business on September 30, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000167491023000083/0001674910-23-000083-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ba90e2182e","claim":"Lori A. Flees was elected as Director at VALVOLINE INC.","evidence_excerpt":"the Board also approved the recommendation of the Governance & Nominating Committee of the Board that Ms. Flees be elected to the Board, effective October 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000167491023000083/0001674910-23-000083-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}