VAL Valaris Limited

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934

 

Date of Report (Date of earliest event reported):  June 10, 2015

 

THE VALSPAR CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware	1-3011	36-2443580
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
1101 South 3rd Street, Minneapolis, Minnesota		55415
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code:  (612) 851-7000

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction

A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 5.02	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
	The Valspar Corporation, a Delaware corporation (“Valspar” or the “Corporation”), announced the addition of Mr. David R. Lumley to its Board of Directors.  Mr. Lumley was elected to the Board of Directors and appointed to the Audit Committee of the Board of Directors on June 10, 2015.
	Mr. Lumley, age 60, is the former Chief Executive Officer of Spectrum Brands Holdings, Inc., since June 2010.  Spectrum Brands Holdings, Inc. is a global and diversified consumer products company with market-leading brands.
	Mr. Lumley is entitled to receive an annual retainer, an annual stock award and a restricted stock award, as described in the Corporation’s definitive proxy statement dated February 18, 2015 under “Director Compensation”.
Item 7.01	Regulation FD Disclosure.
	On June 12, 2015 The Valspar Corporation issued a press release.  A copy of the press release is being furnished to the Securities and Exchange Commission and is attached as Exhibit 99.1 to this Form 8-K.
Item 9.01	Financial Statements and Exhibits.
	(d)	Exhibits
		99.1	Press Release dated June 12, 2015

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

	THE VALSPAR CORPORATION
Date:  June 12, 2015	By:	/s/Rolf Engh
	Name:  Rolf Engh Title:    Secretary

 

 

 

 

EXHIBIT INDEX

 

 

Exhibit No.	Description
99.1	Press Release dated June 12, 2015

 

 

 

 

 

Exhibit 99.1

 

News Release

 

 

 

David R. Lumley Elected to Valspar Board of Directors

 

MINNEAPOLIS – June 12, 2015 – The Valspar Corporation announced that its board of directors has elected David R. Lumley to serve as a director of the corporation, effective June 10, 2015. Lumley, 60, was appointed to serve on the board’s Audit committee.

 

“Dave brings strong experience and a track record of success serving global customers,” said Gary Hendrickson, Valspar Chairman and Chief Executive Officer. “Valspar will benefit from his perspective as we continue to grow our business worldwide. It’s a pleasure to welcome Dave to the Valspar Board.”

 

Lumley recently retired as President and Chief Executive Officer of Spectrum Brands, a global and diversified consumer products company where he served in executive leadership since 2006. Lumley’s background includes more than 25 years of experience in the consumer products industry, including executive leadership roles at Newell Rubbermaid, EAS, Brunswick Bicycles, Outboard Marine Corporation, Wilson Sporting Goods Co. and other companies. Lumley currently serves as a director of Spectrum Brands Holdings, Inc. and Husqvarna AB.

 

Valspar: If it matters, we’re on it.®
Valspar is a global leader in the coatings industry providing customers with innovative, high-quality products and value-added services. Our 10,500 employees worldwide deliver advanced coatings solutions with best-in-class appearance, performance, protection and sustainability to customers in more than 100 countries. Valspar offers a broad range of superior coatings products for the consumer market, and highly-engineered solutions for the construction, industrial, packaging and transportation markets. Founded in 1806, Valspar is headquartered in Minneapolis. Valspar’s reported net sales in fiscal 2014 were $4.5 billion and its shares are traded on the New York Stock Exchange (symbol:VAL). For more information, visit www.valspar.com and follow @valsparCo on Twitter.

 

Investor Contact
Bill Seymour
william.seymour@valspar.com
+1 612-656-1328

 

Media Contact
Kimberly A. Welch
kim.welch@valspar.com
+1 612-656-1347