AI English summary of an SEC filing — figures as filed

Valero said Joseph W. Gorder elected to retire as Executive Chairman and from the board effective as of the close of business on December 31, 2024. The company announced the retirement on October 30, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Oct 30, 2024Period of report Oct 29, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Valero said Joseph W. Gorder elected to retire as Executive Chairman and from the board effective as of the close of business on December 31, 2024. The company announced the retirement on October 30, 2024.
The company said its board elected R. Lane Riggs as Chairman of the Board in addition to his current roles as Chief Executive Officer and President and a director. The appointment takes effect as of the close of business on December 31, 2024.
Valero said the board will shrink to 10 directors as of the close of business on December 31, 2024 because of Gorder's retirement from the board.
The company said the 8-K includes forward-looking statements with respect to Board transition dates. It said actual results could differ materially from those expectations due to factors including those outside its control.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Gorder to Retire at Year-End

Valero said Joseph W. Gorder elected to retire as Executive Chairman and from the board effective as of the close of business on December 31, 2024. The company announced the retirement on October 30, 2024.

Source · Based on the filing body and exhibits

Riggs Named Board Chairman

The company said its board elected R. Lane Riggs as Chairman of the Board in addition to his current roles as Chief Executive Officer and President and a director. The appointment takes effect as of the close of business on December 31, 2024.

Source · Based on the filing body and exhibits

Board Size to Shrink to 10 Directors

Valero said the board will shrink to 10 directors as of the close of business on December 31, 2024 because of Gorder's retirement from the board.

Source · Based on the filing body and exhibits

Forward-Looking Statements on Board Transition Timing

The company said the 8-K includes forward-looking statements with respect to Board transition dates. It said actual results could differ materially from those expectations due to factors including those outside its control.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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