Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 14, 2019, the Board of Directors (the "Board") of Valvoline Inc.
(the "Company") approved the recommendations of the Governance and Nominating
Committee of the Board that the size of the Board be increased from eight to
nine members and that Gerald W. Evans Jr. be elected to the Board, effective
December 1, 2019. Mr. Evans will serve on the Board's Compensation Committee and
Governance and Nominating Committee.
As a non-employee director, Mr. Evans will be entitled to receive compensation
in accordance with the Company's non-employee director compensation program
described under the caption "Compensation of Directors" in the Company's Proxy
Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission
on December 17, 2018.
There are no arrangements or understandings between Mr. Evans and any other
person pursuant to which he was elected as a director. There are no transactions
or proposed transactions between Mr. Evans and the Company that would be
required to be reported under Item 404(a) of Regulation S-K.
Item 8.01. Other Events.
A press release issued by the Company on November 18, 2019 announcing the
election of Mr. Evans to the Board of Directors is attached as Exhibit 99.1 and
is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 News release dated November 18, 2019.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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