Tuesday, May 28

Berkshire Shareholders will keep Warren Buffett as chairman

5/5/2022, NY, CALF: In a filling on Wednesday, Berkshire Hathaway Inc. mentioned that shareholders vote to keep Warren Buffett both chairman and chief executive. The proposal, which called for an independent chair, received only 54,425 votes (about 11%) to 448,868 against (89%), according to the filing.

In the form 8k, all other 14 Berkshire directors including Buffett; Vice Chairmen Charlie Munger, Greg Abel and Ajit Jain; and lead independent director Susan Decker won reelection with more than 86 per cent of votes cast.

The Company has also received a letter from the NYSE that acknowledged that the Company is back in compliance with the continued listing standards establishing a majority of independent directors on its board.

Buffett, 91, became CEO of Berkshire in 1965, and has been chairman since 1970.