Valaris Ltd 8-K

What Happened
Valaris Ltd (VAL) filed an 8-K reporting the results of its 2026 Annual General Meeting of Shareholders held in Bermuda on June 10, 2026 (record date April 13, 2026). Of 69,251,773 shares entitled to vote, 61,111,993 shares (88.24%) were present in person or by proxy. Shareholders voted to elect six directors, approved the advisory (non-binding) compensation vote for named executive officers, and ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm.

Key Details

• Total shares entitled to vote: 69,251,773 (record date April 13, 2026); shares present and voting: 61,111,993 (88.24%).
• Director election votes (For / Against / Abstain / Non-Votes):
  • Elizabeth D. Leykum: 56,609,714 / 499,091 / 15,616 / 3,987,572
  • Anton Dibowitz: 57,097,368 / 11,406 / 15,647 / 3,987,572
  • Dick Fagerstal: 56,936,031 / 172,614 / 15,776 / 3,987,572
  • Joseph Goldschmid: 56,039,451 / 1,068,650 / 16,320 / 3,987,572
  • Catherine J. Hughes: 54,485,940 / 2,622,087 / 16,394 / 3,987,572
  • Kristian Johansen: 53,195,742 / 3,912,582 / 16,097 / 3,987,572
• Advisory (non-binding) approval of executive compensation (say-on-pay): 55,748,798 For / 928,586 Against / 447,037 Abstain (3,987,572 non-votes).
• Appointment of KPMG LLP as independent registered public accounting firm: 57,705,016 For / 3,378,791 Against / 28,186 Abstain (ratified until the next AGM).

Why It Matters
These results confirm the composition of Valaris’s board for the coming year and show shareholders’ support for management’s compensation approach (advisory vote carried). The ratification of KPMG as auditor signals shareholder approval of the Company’s choice of independent accounting firm. Notably, two director nominees—Kristian Johansen and Catherine J. Hughes—received higher levels of opposition relative to other nominees, which investors may watch for any future governance developments.