Valvoline Inc.
03/09/2026 | Press release | Distributed by Public on 03/09/2026 14:56
Management Change/Compensation (Form 8-K)
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Effective March 6, 2026, the Board of Directors of Valvoline Inc. (the "Company" or "Valvoline") appointed Jordan M. Denny, age 36, as Chief Accounting Officer and Controller of Valvoline. Mr. Denny succeeds Dione R. Sturgeon, who assumed the role of Vice President, Treasurer and Tax of Valvoline. Mr. Denny most recently served as Vice President, Corporate Development, Investor Relations & Treasurer of Valvoline, from April 2023 to March 2026. Previously, he served as Vice President, Finance & Controller - Retail Services from November 2021 to April 2023 and as Director, Financial Planning & Analysis (FP&A) - Retail Services from August 2020 to November 2021. Prior to such time, Mr. Denny held roles of increasing responsibility in Treasury, FP&A and Corporate Development at Valvoline and its former Parent company from May 2013 to August 2020. Mr. Denny holds a Master of Business Administration from the University of Kentucky and is a Certified Management Accountant (CMA).
Mr. Denny's annual base salary is $319,520 and he is eligible to participate in the Valvoline Incentive Plan, with a target annual incentive compensation opportunity equal to 40% of his annual base salary. Mr. Denny received an annual equity grant for fiscal year 2026 in November 2025 in the amount of $125,000. Fifty percent of such award was granted in time-based restricted stock units and the other 50% was granted in performance stock units. Mr. Denny is also eligible to participate in the Company's other benefit plans and programs, including participation in the Valvoline Severance Plan, consistent with other similarly situated executives.
There are no transactions involving Valvoline and Mr. Denny that Valvoline would be required to report pursuant to Item 404(a) of Regulation S-K. Additionally, there are no family relationships between Mr. Denny and any other executive officers of Valvoline or members of Valvoline's Board of Directors.
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