Summary
Berkshire Hathaway Inc. (BRK-B) filed an 8-K on May 7, 2018, reporting on its first-quarter 2018 earnings and its annual shareholder meeting. The company released its Q1 2018 earnings on May 5, 2018, which is available as an exhibit to this filing. Key outcomes from the annual shareholder meeting held on May 5, 2018, included the re-election of all directors with substantial support. Additionally, two shareholder proposals concerning environmental impact, specifically methane emissions and sustainability reporting, were voted on and did not pass.
Key Highlights
- 1Berkshire Hathaway announced its Q1 2018 earnings via a press release furnished with this 8-K filing.
- 2The annual shareholder meeting took place on May 5, 2018.
- 3All incumbent directors were re-elected by shareholders.
- 4Shareholder votes overwhelmingly rejected a proposal requesting a report on methane emissions targets.
- 5A proposal asking Berkshire subsidiaries to issue more annual sustainability reports also failed to gain majority support.
Frequently Asked Questions
This 8-K primarily serves to furnish the press release announcing Berkshire Hathaway's Q1 2018 earnings. The detailed financial results are within that accompanying press release, which is an exhibit to this filing.
The shareholder meeting resulted in the re-election of all directors with very high 'For' votes. Two shareholder proposals concerning methane emissions and sustainability reporting were voted down by a significant margin.
The shareholder votes indicate a clear rejection of the proposals related to methane emissions and increased sustainability reporting. Both proposals received a substantial majority of 'Against' votes compared to 'For' votes.