SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
|DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)||July 17, 2018|
|BERKSHIRE HATHAWAY INC.|
|(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)|
|(STATE OR OTHER JURISDICTION||(COMMISSION||(I.R.S. EMPLOYER|
|OF INCORPORATION)||FILE NUMBER)||IDENTIFICATION NO.)|
|3555 Farnam Street|
|(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)||(ZIP CODE)|
REGISTRANTS TELEPHONE NUMBER, INCLUDING AREA CODE
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
|Emerging growth company||☐|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting standards provided pursuant to Section
|13(a) of the Exchange Act.||☐|
ITEM 8.01 Other Events
On July 17, 2018, Berkshire Hathaway Inc. issued a press release announcing that the Companys Board of Directors had authorized an amendment to the Companys share repurchase program. A copy of this press release that describes the amendment to the share repurchase program is furnished with this report as an exhibit to this Form 8-K.
ITEM 9.01 Financial Statements and Exhibits
Exhibit 99.1 Berkshire Hathaway Inc. News Release Dated July 17, 2018.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|July 19, 2018||BERKSHIRE HATHAWAY INC.|
/s/ Marc D. Hamburg
|By: Marc D. Hamburg|
|Senior Vice President and Chief Financial Officer|
BERKSHIRE HATHAWAY INC.
|FOR IMMEDIATE RELEASE||July 17, 2018|
Berkshire Hathaway Amends Share Repurchase Program
Omaha, NE (BRK.A and BRK.B) The Board of Directors of Berkshire Hathaway Inc. has today authorized an amendment to Berkshires share repurchase program. The earlier share repurchase program provided that the price paid for repurchases would not exceed a 20% premium over the then-current book value of such shares. Under the amendment adopted by the Board of Directors, share repurchases can be made at any time that both Warren Buffett, Berkshires Chairman and CEO, and Charlie Munger, a Berkshire Vice Chairman, believe that the repurchase price is below Berkshires intrinsic value, conservatively determined.
The current policy whereby share repurchases will not be made if they would reduce the value of Berkshires consolidated cash, cash equivalents and U.S. Treasury Bills holdings below $20 billion will continue. Berkshire will not initiate any share repurchases under the amended program until it publicly releases its second quarter earnings, currently scheduled after the close of the markets on Friday, August 3, 2018.
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as expect, believe or plan, by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements, including with respect to the duration of the repurchase program. We do not undertake to update our forward-looking statements.
Marc D. Hamburg