Summary
Valero Energy Corporation (VLO) filed an 8-K on July 14, 2014, to disclose an interim update on its estimated earnings for the second quarter of 2014. The primary purpose of this filing was to furnish a press release, included as an exhibit, which provided preliminary financial information to investors. This disclosure is made under Regulation FD to ensure fair dissemination of material information.
Key Highlights
- 1Valero Energy Corporation (VLO) released an 8-K filing on July 14, 2014.
- 2The filing provides an interim update on the company's estimated earnings for the second quarter of 2014.
- 3A press release, dated July 14, 2014, containing this information is furnished as an exhibit (Exhibit 99.01).
- 4The information is disclosed under Regulation FD to ensure broad and fair dissemination to investors.
- 5The company notes that the information is being furnished, not filed, and will not be incorporated into future registration statements unless specifically stated.
- 6Valero includes a standard safe harbor statement regarding forward-looking statements, indicating that actual results could differ materially from projections.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly disclose an interim update on Valero Energy Corporation's estimated earnings for the second quarter of 2014, in accordance with Regulation FD.
The press release containing the estimated second quarter 2014 earnings information was issued on July 14, 2014, and is included as an exhibit to this 8-K filing.
No, this filing provides an 'interim update' with 'estimated earnings' for the second quarter of 2014. The actual, final audited financial results would be presented in a subsequent filing, likely the Form 10-Q.
Regulation FD (Fair Disclosure) is an SEC rule that requires public companies to disclose material non-public information to the public in a manner that prevents selective disclosure. Valero mentions it to confirm that the earnings update is being disseminated broadly to all investors.