Summary
Valero Energy Corporation (VLO) filed an 8-K on October 27, 2003, to announce an upcoming investor meeting scheduled for October 28, 2003. The meeting is related to the remarketing of 2% Mandatory Convertible Preferred Stock by Orion Refining Corporation. This stock was previously issued by Valero to Orion as part of the purchase price for the acquisition of Orion's Louisiana refinery. The filing attaches Valero's October 2003 Management Presentation slides as an exhibit. Investors should review this presentation for detailed information regarding the company's strategy, financial performance, and the implications of the Orion refinery acquisition and the preferred stock remarketing.
Key Highlights
- 1Valero Energy Corporation filed an 8-K on October 27, 2003.
- 2An investor meeting is scheduled for October 28, 2003.
- 3The meeting concerns the remarketing of 2% Mandatory Convertible Preferred Stock by Orion Refining Corporation.
- 4The preferred stock was issued to Orion as part of the acquisition of Orion's Louisiana refinery.
- 5Exhibit 99.1 contains Valero's October 2003 Management Presentation slides.
- 6The presentation slides are incorporated by reference into the 8-K filing.
Frequently Asked Questions
The primary purpose of this 8-K filing is to inform investors about an upcoming investor meeting on October 28, 2003, which will discuss the remarketing of Valero's 2% Mandatory Convertible Preferred Stock by Orion Refining Corporation. The filing also includes the company's management presentation slides from October 2003.
The transaction involves Valero's acquisition of Orion's Louisiana refinery. As part of the purchase price, Valero issued its 2% Mandatory Convertible Preferred Stock to Orion. The current event relates to Orion remarketing these shares.
Investors can find more detailed information in the attached Exhibit 99.1, which consists of Valero Energy Corporation's October 2003 Management Presentation slides. These slides are incorporated by reference into the 8-K filing.