Summary
Berkshire Hathaway Inc. (BRK-B) filed an 8-K on May 8, 2003, to announce a significant change in its Board of Directors. Effective May 5, 2003, the Board voted to expand its size from seven to nine members. This expansion led to the election of two new Directors: Donald R. Keough and Thomas S. Murphy. These appointments are effective immediately and will presumably allow for broader strategic input and oversight within the company's governance structure.
Key Highlights
- 1Berkshire Hathaway Inc. expanded its Board of Directors from seven to nine members.
- 2The Board's decision to increase its size was made on May 5, 2003.
- 3Donald R. Keough has been elected as a new Director.
- 4Thomas S. Murphy has been elected as a new Director.
- 5The press release announcing these changes was filed on May 8, 2003.
- 6The expansion adds experienced leadership to Berkshire Hathaway's governance.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly announce that Berkshire Hathaway Inc. has increased the size of its Board of Directors and elected two new members.
The two new directors elected to the board are Donald R. Keough and Thomas S. Murphy.
The decision by the Berkshire Hathaway Board of Directors to increase its size was made on May 5, 2003.
Prior to this expansion, Berkshire Hathaway's Board of Directors consisted of seven members.