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Company:

Plan:
The Valspar Profit Sharing Retirement Plan
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Form 5500 | Basic Information
Plan Information
Plan Year 01/01/2010 — 04/30/2010
Effective Date of Plan 11/01/1976
Net Assets as of 04/30/2010 $0
Plan Number 2
Plan Type Single Employer
Is the plan collectively bargained? No
Did the plan file for an extension of time or the DFVC Program? Yes
Report Description This is the final report filed for the plan.
This report is for a short plan year (less than 12 months).
Plan Funding Arrangement Trust
Plan Benefit Arrangement Trust

Participant Information as of 04/30/2010
Active (Eligible) Participants 0
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 0
Subtotal 0
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Total 0
Total number of participants as of 01/01/2010 155
Number of participants with account balances 0
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 0

Plan Sponsor Information
Address P.O. Box 1461
Minneapolis, MN 55440 -1461
Telephone (612) 332-7371
EIN 36-2443580
Industry Code 325500
Named Administrator Vincent Opat
Named Plan Sponsor Vincent Opat

Plan Administrator Information
Administrator Name The Valspar Corporation
Address P.O. Box 1461
Minneapolis, MN 55440 -1461
Telephone (612) 332-7371
Administrator EIN 36-2443580

Audit Information
Audit Status Audited
Auditor Mcgladrey & Pullen, LLP
Auditor EIN 42-0714325
Audit Opinion Unqualified
Audit Type Full Audit

Benefits Provided Under the Plan
Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

  Question Answer Amount
1. During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No  
2. Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No  
3. Were any leases to which the plan was a party in default or classified during the year as uncollectible? No  
4. Were there any nonexempt transactions with any party-in-interest? No  
5. Was this plan covered by a fidelity bond? Yes $5,000,000
6. Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No  
7. Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No  
8. Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No  
9. Did the plan have assets held for investment? No  
10. Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No  
11. Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? Yes  
12. Has the plan failed to provide any benefit when due under the plan? No  
13. If this is an individual account plan, was there a blackout period? No  
14. If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3?