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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (D)

OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) April 30, 2022

 

 

BERKSHIRE HATHAWAY INC.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 

 

 

DELAWARE   001-14905   47-0813844

(STATE OR OTHER JURISDICTION

OF INCORPORATION)

 

(COMMISSION

FILE NUMBER)

 

(I.R.S. EMPLOYER

IDENTIFICATION NO.)

3555 Farnam Street

Omaha, Nebraska

    68131
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)     (ZIP CODE)

(402) 346-1400

REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbols

 

Name of each exchange

on which registered

Class A Common Stock   BRK.A   New York Stock Exchange
Class B Common Stock   BRK.B   New York Stock Exchange
0.750% Senior Notes due 2023   BRK23   New York Stock Exchange
0.625% Senior Notes due 2023   BRK23A   New York Stock Exchange
1.300% Senior Notes due 2024   BRK24   New York Stock Exchange
0.000% Senior Notes due 2025   BRK25   New York Stock Exchange
1.125% Senior Notes due 2027   BRK27   New York Stock Exchange
2.150% Senior Notes due 2028   BRK28   New York Stock Exchange
1.500% Senior Notes due 2030   BRK30   New York Stock Exchange
2.000% Senior Notes due 2034   BRK34   New York Stock Exchange
1.625% Senior Notes due 2035   BRK35   New York Stock Exchange
2.375% Senior Notes due 2039   BRK39   New York Stock Exchange
0.500% Senior Notes due 2041   BRK41   New York Stock Exchange
2.625% Senior Notes due 2059   BRK59   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


ITEM 2.02

Results of Operations and Financial Condition.

On April 30, 2022, Berkshire Hathaway Inc. issued a press release announcing the Company’s earnings for the first quarter ended March 31, 2022. A copy of this press release is furnished with this report as an exhibit to this Form 8-K.

 

ITEM 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

 

  (a)

On May 1, 2022, the Board of Directors (the “Board”) of Berkshire Hathaway Inc., a Delaware corporation (the “Company”), amended the Company’s Bylaws effective immediately to restate Section 12 – Forum for Adjudication of Disputes. The restatement of Section 12 updates certain provisions regarding the forum to be used for adjudicating derivative claims, in particular, to require adjudication of derivative claims over which the Delaware Court of Chancery lacks jurisdiction in the federal district court for the District of Delaware, and adds a federal forum selection provision requiring the adjudication of claims brought under the Securities Act of 1933 in a U.S. federal district court, unless in each case the Company consents otherwise in writing. The prior version of Section 12 required that all derivative claims, among others, be adjudicated in the Delaware Court of Chancery unless the Company consented otherwise in writing and did not address forum selection for claims brought under the Securities Act of 1933. In addition, the restatement of Section 12 made certain changes primarily to conform to updates in Delaware law.

The foregoing description of the amendment to the Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Bylaws, attached hereto as Exhibit 3(ii) and incorporated herein by reference.

 

ITEM 5.07

Submission of Matters to a Vote of Security Holders

On April 30, 2022, Berkshire Hathaway Inc. held an annual meeting of its shareholders. The agenda items for the meeting along with the vote of the Company’s Class A and Class B common shareholders voting together as a single class with respect to each of the agenda items are shown below. There were five items acted on at that meeting as follows: 1) Election of Directors; 2) A shareholder proposal requesting that the Company’s Board Chair be an independent director; 3) A shareholder proposal requesting an annual assessment of climate risk management; 4) A shareholder proposal requesting information regarding how the Company intends to measure, disclose and reduce greenhouse gas emissions associated with the Company’s underwriting, insurance and investment activities; and 5) A shareholder proposal requesting reporting of diversity and inclusion efforts. Following are the votes cast for and against each director.

 

Proposal 1 – Election of Directors

       
   

For

 

Against

Warren E. Buffett   486,609   23,535
Charles T. Munger   485,340   24,803
Gregory E. Abel   487,521   22,623
Howard G. Buffett   497,998   12,146
Susan A. Buffett   498,171   11,972
Stephen B. Burke   455,996   54,147
Kenneth I. Chenault   466,973   43,171
Christopher C. Davis   497,062   13,082
Susan L. Decker   442,027   68,117
David S. Gottesman   455,684   54,460
Charlotte Guyman   448,463   61,681
Ajit Jain   487,598   22,546
Ronald L. Olson   494,195   15,948
Wallace R. Weitz   505,738   4,405
Meryl B. Witmer   493,297   16,846

The results of the other matters acted upon at the meeting were as follows.

 

   

For

 

Against

 

Abstain

Proposal 2 – Shareholder proposal   54,425   448,868   6,851

 

   

For

 

Against

 

Abstain

Proposal 3 – Shareholder proposal   135,054   373,051   2,038

 

   

For

 

Against

 

Abstain

Proposal 4 – Shareholder proposal   134,702   373,462   1,980

 

   

For

 

Against

 

Abstain

Proposal 5 – Shareholder proposal   131,542   376,470   2,131

 

ITEM 8.01

Other Events

On May 3, 2022, the Company received a letter from the NYSE that acknowledged that the Company is back in compliance with the continued listing standards set forth in Section 303A of the NYSE Listed Company Manual. Specifically, on April 30, 2022, at the Company’s annual shareholder meeting, Wallace R. Weitz was elected to the Company’s Board of Directors. Mr. Weitz’s election as an independent director reestablished a majority of independent directors on the Company’s Board of Directors resolving the deficiency that the Company reported to the NYSE on February 15, 2022.

 

ITEM 9.01

Financial Statements and Exhibits

 

Exhibit 3(ii)   Bylaws (as amended on May 1, 2022)
Exhibit 99.1   Berkshire Hathaway Inc. Earnings Release Dated April 30, 2022
Exhibit 104   Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

May 4, 2022       BERKSHIRE HATHAWAY INC.
     

            /s/ Marc D. Hamburg

    By:   Marc D. Hamburg
      Senior Vice President and Chief Financial Officer
Berkshire Hathaway (NYSE:BRK.B)
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