8-KMaterial AgreementsExhibits & Filings

VALERO ENERGY CORP/TX 8-K Report, Material Agreement (Dec 21, 2005)

Filed December 21, 2005For Securities:VLO

Summary

This 8-K filing from Valero Energy Corporation (VLO) on December 21, 2005, primarily details updates and agreements related to its Deferred Compensation Plan for named executive officers. The report confirms the closing of the election period for participation in the plan during calendar year 2006, signifying the active management and ongoing structure of executive compensation and deferred earnings. Investors should note that this filing does not involve material changes in financial performance or operational events. Instead, it pertains to the administrative and contractual aspects of the company's executive compensation structure, specifically concerning how senior executives can defer a portion of their compensation for future payout. The filing includes the Second Amendment to the Deferred Compensation Plan and associated election forms for deferral, investment, and distribution for 2006.

Key Highlights

  • 1Valero Energy Corporation filed an 8-K on December 21, 2005, concerning its Deferred Compensation Plan.
  • 2The election period for executive participation in the Deferred Compensation Plan for calendar year 2006 has closed.
  • 3Named executive officers are eligible to participate in the plan.
  • 4The filing includes the Second Amendment to the Valero Energy Corporation Deferred Compensation Plan.
  • 5Key exhibits filed with the report include the 2006 Elective Deferral Agreement, Investment Election Form, and Distribution Election Form.
  • 6This report pertains to executive compensation and deferred earnings, not operational or financial performance updates.

Frequently Asked Questions

The main purpose of this 8-K filing is to report on the administrative and contractual aspects of Valero Energy Corporation's Deferred Compensation Plan for its named executive officers, specifically detailing the closing of the election period for 2006 participation and amendments to the plan.

No, this filing does not report on any significant changes in Valero's financial performance or operational activities. It is focused solely on executive compensation and the company's Deferred Compensation Plan.

The named executive officers of Valero Energy Corporation, as defined by Regulation S-K, are eligible to participate in the Deferred Compensation Plan.

The exhibits filed with this report include the Second Amendment to the Valero Energy Corporation Deferred Compensation Plan, the 2006 Elective Deferral Agreement, the Investment Election Form, and the 2006 Distribution Election Form.