8-KLeadership ChangesExhibits & Filings

BERKSHIRE HATHAWAY INC 8-K Report, Executive Changes (Dec 23, 2009)

Filed December 23, 2009For Securities:BRK-BBRK-A

Summary

Berkshire Hathaway Inc. (BRK-B) filed an 8-K on December 22, 2009, reporting a significant event related to its Board of Directors. The core of this filing is the election of Stephen B. Burke to the Board. This appointment necessitated an increase in the total number of directors from eleven to twelve, a move unanimously approved by the existing Board members. This strategic expansion of the Board indicates a forward-looking approach by Berkshire Hathaway's leadership. While no specific committee assignments for Mr. Burke were determined at the time of the filing, his election suggests a potential infusion of new perspectives and expertise into the company's governance. Investors should monitor future filings for details on committee memberships and any strategic implications of this board expansion.

Key Highlights

  • 1Stephen B. Burke has been elected to the Berkshire Hathaway Board of Directors.
  • 2The Board of Directors size has been increased from eleven to twelve members.
  • 3The election of Mr. Burke was unanimously approved by the current Board.
  • 4There are no disclosed arrangements or understandings between Mr. Burke and other Board members related to his election.
  • 5Committee assignments for Mr. Burke have not yet been determined.
  • 6The company issued a press release on December 22, 2009, to announce this board change.

Frequently Asked Questions

Stephen B. Burke has been elected to Berkshire Hathaway's Board of Directors. The filing does not provide specific details about his background or the strategic reasons for his appointment, other than the unanimous approval by the existing board and the increase in board size.

Increasing the board size from eleven to twelve members, as approved by the current directors, suggests Berkshire Hathaway may be seeking to broaden its governance capabilities, add new expertise, or prepare for future growth and strategic initiatives.

At the time of this filing (December 22, 2009), no determination had been made regarding which committees of the Board of Directors Mr. Burke would be appointed to.

Berkshire Hathaway issued a press release on December 22, 2009, announcing Mr. Burke's election. This press release is attached as Exhibit 99.1 to this 8-K filing.