In a Wednesday regulatory filing, Berkshire said holders of 448,868 Class A shares opposed a shareholder proposal to install an independent chair to replace Buffett, while holders of just 54,425 shares favored the idea, a larger margin than Berkshire estimated at its annual meeting on Saturday.
Berkshire Hathaway Inc shareholders voted by an almost 9-to-1 margin to keep Warren Buffett as both chairman and chief executive, and his company regained compliance with New York Stock Exchange listing standards by reestablishing a majority of independent directors on its board.
In a Wednesday regulatory filing, Berkshire said holders of 448,868 Class A shares opposed a shareholder proposal to install an independent chair to replace Buffett, while holders of just 54,425 shares favored the idea, a larger margin than Berkshire estimated at its annual meeting on Saturday.
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