VALVOLINE INC. (NYSE:VVV) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

8 years ago

VALVOLINE INC. (NYSE:VVV) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07.

Submission of Matters to a Vote of Security Holders.

Valvoline Inc. (Valvoline) held its Annual Meeting of
Shareholders (Annual Meeting) on January 24, 2017. At
the Annual Meeting, a total of 199,539,537 shares of Common
Stock, representing 97.6% of the shares outstanding and
eligible to vote and constituting a quorum, were represented in
person or by valid proxies. The final results for each of the
matters submitted to a vote of shareholders at the Annual
Meeting are as follows:

Proposal 1: All of the nominees for director were elected to
serve a one-year term until the following annual meeting of
Valvolines shareholders and until their successors have been
duly elected and qualified, by the votes set forth in the table
below:

Nominees	For	Against	Abstain	Broker Non-Vote
Richard J. Freeland	197,138,771	392,709	55,429	1,952,628
Stephen F. Kirk	187,170,564	10,360,915	55,430	1,952,628
Stephen E. Macadam	197,139,826	391,554	55,529	1,952,628
Vada O. Manager	186,813,730	10,716,740	56,439	1,952,628
Samuel J. Mitchell, Jr.	197,466,456	65,499	54,954	1,952,628
Charles M. Sonsteby	197,138,498	392,952	55,459	1,952,628
Mary J. Twinem	197,139,319	392,160	55,430	1,952,628
William A. Wulfsohn	186,679,662	10,849,226	58,021	1,952,628

Proposal 2: The appointment of Ernst Young LLP as Valvolines
independent registered public accountants for fiscal 2017 was
ratified by the shareholders by the votes set forth in the
table below:

For		Against		Abstain		Broker Non-Vote
197,782,704		6,982		1,749,851

Proposal 3: The non-binding advisory resolution approving the
compensation paid to Valvolines named executive officers, as
disclosed in Valvolines Proxy Statement to Item 402 of
Regulation S-K, including the Compensation Discussion and
Analysis, compensation tables and narrative discussion, was
approved by the shareholders by the votes set forth in the
table below:

For		Against		Abstain		Broker Non-Vote
197,163,436		363,280		60,193		1,952,628

Proposal 4: The non-binding advisory resolution that
shareholders vote on executive compensation every year was
approved by shareholders by the votes set forth in the table
below:

1 YEAR		2 YEARS		3 YEARS		Abstain		Broker Non-Vote
195,693,885		198,385		1,603,516		91,123		1,952,628

Proposal 5: The material terms of the performance goals under
the 2016 Valvoline Inc. Incentive Plan for purposes of Section
162(m) of the Internal Revenue Code were approved by
shareholders by the votes set forth in the table below:

For		Against		Abstain		Broker Non-Vote
197,066,636		462,190		58,083		1,952,628

About VALVOLINE INC. (NYSE:VVV)
Valvoline Inc. (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers. Its Quick Lubes segment services the passenger car and light truck quick lube market through platforms, including its franchised Valvoline Instant Oil Change (VIOC) stores and Express Care. Its International segment sells Valvoline and other branded products through its affiliates, joint ventures, licensees and independent distributors. Its products include All Climate, DuraBlend and MaxLife. VALVOLINE INC. (NYSE:VVV) Recent Trading Information
VALVOLINE INC. (NYSE:VVV) closed its last trading session up +1.44 at 23.93 with 650,729 shares trading hands.