VALERO ENERGY CORPORATION (NYSE:VLO) Files An 8-K Submission of Matters to a Vote of Security Holders

Item5.07

Required votes. For Proposal 1, as required by
Valeros bylaws, each director is to be elected by a majority of
votes cast with respect to that directors election. Proposals 2
and 3 required approvals by the affirmative vote of a majority of
the voting power of the shares present in person or by proxy at
the Annual Meeting and entitled to vote. Proposal 4 sought
recommendation from Valeros stockholders among four available
voting choices.

Effect of abstentions. Shares voted to
abstain are treated as present for purposes of determining a
quorum. In the election of directors, to Valeros bylaws, shares
voted to abstain are not deemed to be votes cast, and are
accordingly disregarded. When, however, approval for a proposal
requires the affirmative vote of a majority of the voting power
of the shares present in person or by proxy and entitled to vote,
then shares voted to abstain have the effect of a negative vote.

Effect of broker non-votes.
Brokers holding shares for the beneficial owners of such shares
must vote according to specific instructions received from the
beneficial owners. If instructions are not received, in some
instances, a broker may nevertheless vote the shares in the
brokers discretion. Butunder New York Stock Exchange rules,
brokers are precluded from exercising voting discretion on
certain proposals without specific instructions from the
beneficial owner. This results in a broker non-vote on the
proposal. A broker non-vote is treated as present for purposes of
determining a quorum, has the effect of a negative vote when
approval for a particular proposal requires the affirmative vote
of the voting power of the issued and outstanding shares of the
Company, and has no effect when approval for a proposal requires
the affirmative vote of a majority of the voting power of the
shares present in person or by proxy and entitled to vote.

About VALERO ENERGY CORPORATION (NYSE:VLO)

Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland. Its ethanol segment includes ethanol and marketing operations in the United States. VLP’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions. Its refineries can produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel, low-sulfur diesel, ultra-low-sulfur diesel, CARB diesel, other distillates, jet fuel, asphalt, petrochemicals, lubricants and other refined products.

VALERO ENERGY CORPORATION (NYSE:VLO) Recent Trading Information

VALERO ENERGY CORPORATION (NYSE:VLO) closed its last trading session up +0.81 at 65.18 with 3,068,340 shares trading hands.