Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 17, 2009, The Valspar Corporation, a Delaware corporation ("Valspar" or the "Corporation"), announced the addition of Mr. Ian R. Friendly to its Board of Directors. Mr. Friendly was elected to the Board of Directors at the Board's meeting held on June 17, 2009 and was appointed to the Audit Committee of the Board of Directors.

Mr. Friendly, age 48, is Executive Vice President; Chief Operating Officer, U.S. Retail of General Mills, Inc. In connection with his appointment to the Board of Directors and Audit Committee, the Board determined that Mr. Friendly was independent under the applicable standards of the New York Stock Exchange and the Securities Exchange Commission.

In connection with his appointment to the Board, the Compensation Committee of the Board of Directors granted Mr. Friendly non-qualified stock options under the 2009 Omnibus Equity Plan, effective June 17, 2009, with a value equal to one year's retainer for the Corporation's directors, which is $75,000. The option covers 12,500 shares with an exercise price of $21.97 per share, equal to the closing price of Valspar common stock on the date of grant. The grant is exercisable in full, has a term of ten years and is transferable to family members during Mr. Friendly's lifetime.

Item 7.01 Regulation FD Disclosure.

On June 17, 2009, 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.