8-KLeadership ChangesExhibits & Filings

BERKSHIRE HATHAWAY INC 8-K Report, Executive Changes (Mar 5, 2007)

Filed March 5, 2007For Securities:BRK-BBRK-A

Summary

Berkshire Hathaway Inc. (BRK-B) filed an 8-K on March 4, 2007, reporting on key personnel changes related to its Board of Directors. The primary information for investors centers on the upcoming 2007 Annual Shareholders Meeting. Specifically, Director Malcolm Chace will not be standing for reelection, marking a change in the board composition. In line with this departure, Susan Decker, who holds significant leadership roles at Yahoo!, including acting CFO and head of the Advertiser and Publisher Group, has been nominated to join Berkshire Hathaway's Board of Directors. This appointment introduces new expertise, particularly in the digital advertising and finance sectors, to the board. The filing also confirms the release of Berkshire's 2006 Annual Report to Shareholders on its website.

Key Highlights

  • 1Director Malcolm Chace will not stand for reelection at the 2007 Annual Shareholders Meeting.
  • 2Susan Decker, Head of Yahoo! Advertiser and Publisher Group and acting CFO, has been nominated to replace Mr. Chace on the Board of Directors.
  • 3The 2006 Annual Report to Shareholders was posted on Berkshire Hathaway's website on March 1, 2007.
  • 4The 2007 Annual Shareholders Meeting is scheduled to be held on May 5, 2007.
  • 5Warren E. Buffett, Chairman and CEO, announced these changes in the Chairman's Letter within the 2006 Annual Report.

Frequently Asked Questions

The 8-K filing does not explicitly state the reason for Mr. Malcolm Chace's decision not to stand for reelection. This information was conveyed in the Chairman's Letter within the 2006 Annual Report.

Susan Decker is a significant executive at Yahoo!, currently leading the Advertiser and Publisher Group and serving as acting CFO. Her nomination to Berkshire's Board suggests a desire to bring expertise in digital advertising and financial management to the board's oversight.

Berkshire Hathaway's 2006 Annual Report was made available on the company's website on March 1, 2007. Investors can access it there for further details, including the Chairman's Letter.

The next opportunity for shareholders to vote on board matters, including the election of directors, will be at the 2007 Annual Shareholders Meeting scheduled for May 5, 2007.