secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001193125-23-236169
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero CTO to retire; Board adds $2.5B buyback authorization
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- Cheryl L. Thomas, SVP & CTO, plans to retire on or about Jan 2, 2024; will help transition duties internally.
- Board authorized new $2.5B share repurchase program with no expiration, supplementing existing $2.5B authorization from Feb 2023.
- Combined remaining repurchase capacity now up to $5.0B, signaling strong capital return intent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000119312523236169/0001193125-23-236169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000119312523236169/d553514d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236169

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