0000314808false00003148082023-12-122023-12-120000314808us-gaap:CommonClassAMember2023-12-122023-12-120000314808us-gaap:WarrantMember2023-12-122023-12-12

 

  

 

 

 

 

 

 

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:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Ticker Symbol(s)						Name of each exchange on which registered
Common Shares, $0.01 par value share			VAL						New York Stock Exchange
Warrants to purchase Common Shares			VAL WS						New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

On December 12, 2023, Valaris Limited (the “Company”) announced that Melissa Barron will assume the role of principal accounting officer effective as of March 1, 2024. Ms. Barron will succeed Colleen Grable, who will continue with the Company as Vice President – Chief Human Resources Officer.

Ms. Barron, age 43, joined the Company in August 2022 as Director – SEC Reporting. Prior to joining the Company, Ms. Barron served as Director of Financial Reporting and Technical Accounting of OraSure Technologies, Inc. Between April 2010 and February 2022, Ms. Barron served as the Assistant Corporate Controller, Director of Accounting and Financial Reporting Accounting Manager of Diamond Offshore Drilling, Inc. Ms. Barron has also spent seven years in the audit practice at Deloitte LLP. Ms. Barron is a Certified Public Accountant and holds Bachelor of Science and Masters in Accounting degrees from Texas A&M University.

In connection with Ms. Barron’s appointment as principal accounting officer, her base salary will be $260,000, her annual target short-term incentive plan award will be 35% of her base salary and her annual target long-term equity incentive grant will be 70% of her base salary.

Ms. Barron was not selected to the office described above pursuant to any arrangements or understandings with the Company or with any other person. There is no family relationship between Ms. Barron and any director or executive officer of the Company, and there are no related party transactions between Ms. Barron and the Company that would require disclosure under Item 404(a) of Regulation S-K.

In addition, the Company also announced that one of our named executive officers, Darin Gibbins, will assume the role of Vice President - Corporate Finance. Mr. Gibbins will continue to serve in his current role as Vice President – Investor Relations and Treasurer until March 1, 2024.

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 hereunto duly authorized.