Berkshire Hathaway POLITICAL

Target: Berkshire Hathaway Inc.

Research date: 28 October 2026

Scope: Corporate and subsidiary political communications, territorial relationships, governance, advocacy, financial support and controlling-principal conduct relating to Israel and Palestine.

Corporate Communications & Public Stance

Corporate communications

Berkshire Hathaway Inc. described its July 2006 acquisition of 80% of the Iscar Metalworking Companies as a commercial acquisition valuing the business at $5 billion; its public announcement identified Tefen, Israel, as the continuing headquarters and Eitan Wertheimer and Jacob Harpaz as continuing managers. Acting entity: Berkshire Hathaway Inc.; beneficiary/counterparty: Iscar Ltd. and its shareholders; channel: Berkshire’s corporate website, berkshirehathaway.com; earliest and latest transaction observations: May–July 2006; transaction completed, with ownership subsequently expanded in 2013; audience: investors and the public; publication remains retrievable in October 2026. [pre-2020] ¹

Berkshire’s 2025 Form 10-K identifies IMC International Metalworking Companies as an industrial metal-cutting-tool business whose customers include manufacturers in the automotive, aerospace, engineering and machinery industries; the disclosure identifies manufacturing and warehousing in Israel as normal operating activities. Acting entity: Berkshire Hathaway Inc.; beneficiary: investors and IMC’s commercial customers; channel: SEC filing at sec.gov; observation: financial year 2025; status: continuing as reported at December 31, 2025; audience: shareholders and securities-market participants. ²

Comparative public posture

Howard G. Buffett, a Berkshire director, is associated with the independently operated Howard G. Buffett Foundation, which publicly describes extensive humanitarian relief, food-security and conflict-related assistance in Ukraine following the February 2022 Russian invasion. Acting entity: Howard G. Buffett Foundation; beneficiaries: its Ukrainian programme recipients; channel: thehowardgbuffettfoundation.org; earliest observation: February 2022; latest observation: information publicly available in October 2026; status: ongoing as described by the foundation; audience: general public and philanthropic stakeholders. This establishes an executive-linked foundation’s publicly documented position concerning another conflict, without attributing its spending to Berkshire Hathaway Inc. ³

No public evidence identified of an official Berkshire Hathaway Inc. corporate statement specifically addressing Palestinian civilian casualties or calling for a ceasefire in Gaza during October 2023–October 2026.

No public evidence identified of a corporate statement explicitly comparing the Russia-Ukraine and Israel-Palestine conflicts.

Historical executive communications

On June 7, 2018, Warren E. Buffett publicly praised Israel and his investment in Israeli government bonds at an Israel Bonds fundraising event. The event organizer published Buffett’s remarks and reported that his participation had helped attract $80 million in investments and investment intentions at that event. Acting entity: Warren E. Buffett, then Berkshire chairman and CEO; beneficiary: State of Israel sovereign-bond financing; channel: Israel Bonds’ website, israelbondsintl.com; earliest and latest observation: June 7, 2018; event ended, while the published communication remained accessible in October 2026; original audience: more than 70 investors, Israeli officials and the wider audience of the organizer’s website. [pre-2020] ⁴

No public evidence identified of a verified post-July 19, 2024 continuation of these specific fundraising appearances.

Operations in Occupied or Contested Territories

Israeli corporate presence

Berkshire Hathaway Inc. completed its acquisition of 80% of IMC in July 2006, while the Wertheimer family retained 20%; subsequent Berkshire SEC reporting states that Berkshire purchased the remaining 20% on April 29, 2013. Acting entity: Berkshire Hathaway Inc.; counterparty: Wertheimer-family shareholders; channel: Berkshire’s corporate announcement and SEC filings; earliest observation: July 2006; latest ownership confirmation: 2025 annual report; status: completed acquisition with continuing consolidated ownership. [pre-2020] ^{1, 5}

The December 31, 2025 SEC subsidiary schedule identifies Iscar Ltd. as incorporated in Israel, IMC International Metalworking Companies Inc. as incorporated in Delaware, and IMC (Germany) Holdings GmbH as incorporated in Germany. Acting reporting entity: Berkshire Hathaway Inc.; beneficiaries: its consolidated industrial businesses and customers; channel: sec.gov; observation: December 31, 2025; status: listed subsidiaries at that date. ⁶

ISCAR’s own website identifies Iscar Ltd.’s headquarters in the Tefen Industrial Zone in Israel’s Western Galilee and describes its expansion from a single Israeli manufacturing and marketing facility into a multinational company with operations and representation in more than 50 countries. Acting entity: Iscar Ltd.; beneficiaries: international metalworking customers; channel: iscar.co.il; earliest historical business presence: 1952; latest website observation: October 2026; status: continuing corporate operations. [pre-2020] ⁷

Berkshire’s 2025 Form 10-K identifies Israel among IMC’s principal manufacturing locations and identifies an Israeli regional warehouse. Acting entity: IMC International Metalworking Companies and its subsidiaries; beneficiaries: industrial customers; channel: Berkshire’s SEC filing at sec.gov; observation: 2025 financial year; status: continuing at December 31, 2025. ²

Occupied territories and settlement nexus

No public evidence identified establishing that Berkshire Hathaway Inc. or Iscar Ltd. maintains a named office, factory, dealership or settlement-specific service contract in the occupied West Bank, East Jerusalem, Gaza or occupied Syrian Golan.

AFSC Investigate reproduces the original 2020 OHCHR settlement-business list; Berkshire Hathaway and ISCAR were not identified as named entries in the reviewed list. This is a historical database-screening observation, not a determination about every later database iteration or unlisted subsidiary. Acting entity: AFSC; audience: researchers and the public; channel: investigate.afsc.org; original-list observation: 2020; status: historical list. ⁸

The Business & Human Rights Resource Centre reported that the September 2026 OHCHR database update contained 214 companies. The report describes the database’s activity-based scope, which does not make it an exhaustive register of all companies operating commercially in Israel. Acting entity: Business & Human Rights Resource Centre; audience: public and business-and-human-rights researchers; channel: business-humanrights.org; observation: September 25, 2026; status: published database update. ⁹

No public evidence identified establishing that Berkshire Hathaway Inc. or an identified subsidiary sponsored a settlement event, donated to a settlement organization, or publicly endorsed settlement expansion.

Legal and regulatory scrutiny

No public evidence identified of a named OECD National Contact Point complaint, settlement-related judgment or UN listing against Berkshire Hathaway Inc. specifically concerning operations in occupied Palestinian territory.

Civil-society pressure and boycott history

No public evidence identified of an independently documented company-specific boycott campaign naming Berkshire Hathaway Inc. and establishing an attributable corporate response concerning settlement activity.

Internal Governance, Content & Retail Policies

Employee relations

Berkshire Hathaway Inc.’s 2026 proxy describes a decentralized system in which operating subsidiaries independently manage workforce and human-capital matters; the board opposed a shareholder proposal requesting additional parent-level reporting on workforce oversight. Acting entity: Berkshire Hathaway Inc. board of directors; recipient: Berkshire shareholders; channel: SEC proxy filing at sec.gov; observation: March 13, 2026; status: documented board recommendation for the 2026 meeting; audience: shareholders. The proposal concerned workforce management generally and was not identified as an Israel-Palestine proposal. ¹⁰

No public evidence identified of Berkshire Hathaway Inc., Iscar Ltd. or Berkshire Hathaway GUARD Insurance Companies dismissing, disciplining or suing employees specifically for pro-Palestinian speech or symbolism.

Platform and editorial policy

Berkshire’s 2025 annual report identifies diverse insurance, manufacturing, transport, retail and service businesses, including FlightSafety aviation training; the reviewed disclosures did not establish a parent-operated social-media platform with a relevant Israel-Palestine content-moderation policy. Acting reporting entity: Berkshire Hathaway Inc.; audience: investors; channel: sec.gov; observation: 2025; status: current reporting-year description. ²

No public evidence identified of an Israel-Palestine-specific content suppression, app-distribution, cartographic censorship or algorithmic-moderation decision attributable to the identified Berkshire entities.

Retail and supply-chain practices

Berkshire’s 2024 Form 10-K describes IMC’s Israeli manufacturing facilities and international industrial customer base. Acting entity: Berkshire Hathaway Inc.; beneficiaries: investors and customers; channel: sec.gov; observation: 2024 financial year; status: operations subsequently reconfirmed in the 2025 report. ¹¹

No public evidence identified of a Berkshire-specific regulatory finding concerning misleading origin labels for settlement-produced goods.

Shareholder disputes

In January 2026, the National Center for Public Policy Research publicly alleged that Berkshire Hathaway had excluded its shareholder proposal seeking an assessment of sustainability-related commitments. Acting entity: National Center for Public Policy Research; subject: Berkshire Hathaway Inc.; channel: nationalcenter.org; observation: January 15, 2026; status of dispute: the organization’s allegation was publicly recorded; audience: investors and the general public. The reported proposal did not specifically concern Israel or Palestine. ¹²

No public evidence identified of suppression of a Berkshire shareholder resolution specifically requesting Israel-Palestine human-rights due diligence.

Brand Heritage & State Partnerships

Corporate heritage

ISCAR’s official corporate history identifies Stef Wertheimer as the founder of ISCAR in 1952 and Eitan Wertheimer as the subsequent chairman of IMC and a leader of the company’s international expansion. The history identifies the Tefen Industrial Park in Israel’s Western Galilee as the location to which the expanding company relocated. Acting entity: Iscar Ltd./IMC; beneficiaries: employees, customers and corporate stakeholders; channel: iscar.com; earliest observation: 1952; latest website observation: October 2026; status: historical origin and continuing corporate presentation. [pre-2020] ¹³

Berkshire’s 2009 Form 10-K described IMC as a Tefen-based Israeli metal-cutting-tool manufacturer following its 2006 acquisition. Acting entity: Berkshire Hathaway Inc.; audience: investors; channel: sec.gov; observation: financial year 2008; status: historical disclosure, with continuing Israeli operations confirmed in later filings. [pre-2020] ¹⁴

No public evidence identified that Berkshire Hathaway Inc. presents itself as founded for an Israeli state-security or geopolitical purpose.

State-official participation

Israel Bonds’ June 2018 event announcement identifies Israeli Finance Ministry Director General Shai Babad, UN Ambassador Danny Danon and Consul General Dani Dayan as attendees at the gathering hosted by Warren Buffett. Acting entity: Warren E. Buffett as event host; beneficiaries: State of Israel bond issuer and participating investors; channel: israelbondsintl.com; observation: June 7, 2018; status: event concluded; audience: invited investors, officials and readers of the public announcement. [pre-2020] ⁴

No public evidence identified of a continuing Berkshire Hathaway Inc. corporate sponsorship agreement for an Israeli state cultural-diplomacy campaign.

Lobbying, Advocacy, Financing & Logistics

Israeli sovereign-debt financing - corporate subsidiary

Israel Bonds’ June 7, 2018 announcement states that Berkshire Hathaway GUARD Insurance Companies held Israel Bonds within its investment portfolio following Berkshire’s 2012 acquisition of GUARD. Israel Bonds are debt securities issued by the State of Israel and distributed through Development Corporation for Israel. Acting entity: Berkshire Hathaway GUARD Insurance Companies; recipient: State of Israel as bond issuer; channel: third-party confirmation on israelbondsintl.com and issuer-distribution explanation on israelbonds.com; earliest relationship identified: following the 2012 GUARD acquisition; latest independently observed holding: June 2018; status as of October 2026: unknown because no contemporary portfolio schedule was verified. The amount, acquisition date of each bond, maturity and redemption history were not established. [pre-2020] ^{4, 15}

Israel Bonds fundraising - controlling principal

Israel Bonds reported that Warren E. Buffett participated in three fundraising gatherings over approximately 18 months ending June 2018, securing an aggregate $290 million in investments and investment intentions. The publication credits Buffett’s participation with attracting investors and records his personal bond holdings. Acting entity: Warren E. Buffett; recipient: State of Israel through sovereign-debt issuance; channel: israelbondsintl.com; earliest specific event in the sequence: 2016; latest observation: June 7, 2018; status: historical events concluded, subsequent activity unverified; audience: invited international investors, Israeli officials and the public. [pre-2020] ⁴

The Israel Bonds distributor describes the securities as investments rather than donations and identifies Development Corporation for Israel as the exclusive US underwriter of State of Israel debt securities. Acting entity: Development Corporation for Israel; beneficiary: State of Israel; channel: israelbonds.com; observation: publicly available in October 2026; status: continuing distributor activity. ¹⁵

Charitable contributions

In Berkshire’s 2001 shareholder letter, Warren Buffett described a policy under which operating subsidiaries made their own charitable decisions, while parent-level donations were historically tied to shareholder designations. The letter states that some subsidiaries already maintained employee matching programmes when acquired. Acting entity: Berkshire Hathaway Inc.; beneficiaries: subsidiary-supported charitable recipients and historically shareholder-designated charities; channel: berkshirehathaway.com; observation: 2001; status in October 2026: cannot be established solely from this historical disclosure; audience: shareholders and the public. [pre-2020] ¹⁶

No public evidence identified of an attributable corporate donation by Berkshire Hathaway Inc., Iscar Ltd. or Berkshire Hathaway GUARD Insurance Companies to FIDF, JNF/KKL, Israeli military-welfare bodies, Regavim, Im Tirtzu or a named settlement organization.

Political lobbying

No public evidence identified of a Berkshire Hathaway Inc. lobbying filing specifically seeking US legislation on Israeli settlements, anti-BDS requirements or Israel-Palestine sanctions.

No public evidence identified of a parent-company PAC contribution expressly earmarked for Israel-Palestine policy advocacy.

Crisis mobilization

Berkshire’s 2025 Form 10-K describes FlightSafety as a provider of aviation training and simulation equipment for commercial and military aircraft and governments internationally. Acting entity: FlightSafety; beneficiaries: its aviation customers; channel: sec.gov; observation: 2025 financial year; status: continuing business. The disclosure does not identify a specific Israeli military training award. ²

No public evidence identified from an accessible primary contract document establishing Israel-specific military assistance, free logistics or crisis support supplied by FlightSafety during the Gaza conflict.

Constructive-notice timeline

Berkshire’s 2024 and 2025 SEC reporting confirms continuing manufacturing operations in Israel after July 19, 2024 and November 2024. Acting entity: IMC International Metalworking Companies and subsidiaries; beneficiaries: industrial customers; channel: sec.gov; observations: financial years 2024–2025; status: continuing operations reported through December 31, 2025. These documents do not establish operations in occupied territory. ^{11, 2}

No public evidence identified establishing that Berkshire’s historical Israel Bonds fundraising events continued after July 19, 2024.

Corporate Structure & Primary Mission

Berkshire Hathaway Inc. is a Delaware corporation with publicly traded Class A and Class B stock and a diversified portfolio of insurance, transport, utilities, manufacturing, retail and service businesses. Its 2025 annual filing presents the corporation as a commercial holding company. Acting entity: Berkshire Hathaway Inc.; beneficiaries: shareholders and operating businesses; channel: sec.gov; observation: 2025; status: continuing corporate structure. ²

Berkshire’s 2026 proxy identifies Warren E. Buffett as chairman and its largest shareholder, holding approximately 30.0% of total voting power and 13.7% of economic interest. It identifies Gregory E. Abel as CEO from January 1, 2026. Acting entity: Berkshire Hathaway Inc.; channel: sec.gov; observation: March 13, 2026; status: positions disclosed for the 2026 meeting. ¹⁰

The subsidiary exhibit identifies Israeli operations within a broader multinational group; it does not describe a state-held golden share or Israeli governmental voting control over Berkshire Hathaway Inc. Acting reporting entity: Berkshire Hathaway Inc.; channel: sec.gov; observation: December 31, 2025; status: disclosed group structure as of that date. ⁶

No public evidence identified establishing a constitutional or founding mandate requiring Berkshire Hathaway Inc. to advance Israeli geopolitical objectives.

Named ownership and governance entities

• Berkshire Hathaway Inc. - target and ultimate publicly traded parent; searched for Israel-Palestine statements, governance, donations and lobbying; findings: Israeli industrial ownership and subsidiary sovereign-bond investments documented. ^{2, 4}
• Warren E. Buffett - chairman and approximately 13.7% economic / 30.0% voting shareholder; searched for Israel Bonds, public statements, settlement donations and philanthropy; findings: historical personal Israel Bonds investment and public advocacy. ^{10, 4}
• Gregory E. Abel - chief executive officer since January 1, 2026; searched for Israel-Palestine statements, philanthropy and advocacy; searched, none found. ¹⁰
• Ajit Jain - vice chairman, insurance operations, and director; searched for regional advocacy and donations; searched, none found. ¹⁰
• Howard G. Buffett - director; searched for regional philanthropy and public advocacy; the independently operated foundation documents Ukraine activities, but no verified Israel-specific military donation was established. ^{10, 3}
• Susan A. Buffett - director; searched for Israel-Palestine-related philanthropic contributions and advocacy; searched, none found. ¹⁰
• Stephen B. Burke - director; searched for regional political affiliations and contributions; searched, none found. ¹⁰
• Kenneth I. Chenault - director; searched for Israel-Palestine advocacy and donations; searched, none found. ¹⁰
• Christopher C. Davis - director; searched for regional investments, lobbying and advocacy; searched, none found. ¹⁰
• Susan L. Decker - lead independent director; searched for regional advocacy and donations; searched, none found. ¹⁰
• Charlotte Guyman - director; searched for regional advocacy and philanthropy; searched, none found. ¹⁰
• Thomas S. Murphy, Jr. - director; searched for regional advocacy and institutional ties; searched, none found. ¹⁰
• Wallace R. Weitz - director; searched for Israel-Palestine advocacy and contributions; searched, none found. ¹⁰
• Meryl B. Witmer - director; searched for regional advocacy and contributions; searched, none found. ¹⁰
• IMC International Metalworking Companies - consolidated manufacturing business; searched for Israeli operations, settlements and military supply; verified Israeli manufacturing and warehousing; specific Israeli military or settlement contracts not established. ²
• Iscar Ltd. - Israeli subsidiary; searched for settlements, Israeli government relationships and political sponsorships; verified Tefen operations, with no specific settlement or political-sponsorship record established. ^{6, 7}
• IMC International Metalworking Companies Inc. - Delaware-incorporated group entity; searched for regional lobbying and military-contract relationships; searched, none found. ⁶
• IMC (Germany) Holdings GmbH - German-incorporated group entity; searched for regional contracts and political relationships; searched, none found. ⁶
• TaeguTec - IMC business and brand; searched for regional military and settlement connections; searched, none found. ¹⁷
• Ingersoll - IMC business and brand; searched for regional military and settlement connections; searched, none found. ¹⁷
• Tungaloy - IMC business and brand; searched for regional military and settlement connections; searched, none found. ¹⁷
• Berkshire Hathaway GUARD Insurance Companies - insurance subsidiary; searched for Israeli sovereign-debt holdings and political financing; historical corporate Israel Bonds holdings confirmed, current status unknown. ⁴
• FlightSafety - aviation-training subsidiary; searched for Israeli military training and related government contracts; international military training services verified, Israel-specific awards unresolved. ²
• Howard G. Buffett Foundation - executive-linked philanthropic vehicle, separate from Berkshire’s corporate ownership; searched for regional grants and advocacy; extensive Ukraine activity documented, Israel-specific military or settlement funding not verified. ^{3, 18}

Executive & Leadership Footprint

Warren E. Buffett - controlling principal

Berkshire’s March 2026 proxy identifies Warren Buffett as chairman and the shareholder controlling approximately 30.0% of voting power and 13.7% of economic ownership. The disclosure states that he may be considered Berkshire’s controlling shareholder. Acting entity: Warren E. Buffett; relationship: controlling principal of Berkshire Hathaway Inc.; channel: sec.gov; observation: March 2026; status: continuing at disclosure date. ¹⁰

Israel Bonds’ 2018 primary announcement states that Buffett personally held Israel Bonds and had participated in three events attracting $290 million in investments and investment intentions. Acting entity: Warren E. Buffett; recipient: State of Israel; channel: israelbondsintl.com; earliest event: 2016; latest verified event: June 7, 2018; status of personal holdings in October 2026: unknown. [pre-2020] ⁴

At the June 2018 gathering, Buffett publicly praised Israel and the bilateral US-Israel relationship in remarks reproduced by the bond distributor. Acting entity: Warren E. Buffett; beneficiaries: Israel Bonds’ fundraising and public promotion; channel: israelbondsintl.com; observation: June 7, 2018; status: event completed, public communication still accessible in October 2026; audience: more than 70 invited investors, Israeli officials and subsequent readers of the announcement. [pre-2020] ⁴

No public evidence identified of Buffett personally financing FIDF, an Israeli military-welfare fund or an identified West Bank settlement organization.

Gregory E. Abel - chief executive officer

Berkshire’s 2026 proxy confirms that Gregory Abel succeeded Buffett as CEO on January 1, 2026, after serving as vice chairman responsible for non-insurance operations. Acting entity: Berkshire Hathaway Inc.; beneficiary: corporate governance and management continuity; channel: sec.gov; observation: January–March 2026; status: continuing as reported. ¹⁰

No public evidence identified of Israel-Palestine-specific advocacy, political donations or military-welfare contributions by Gregory Abel.

Howard G. Buffett - director and philanthropist

Berkshire’s 2026 proxy identifies Howard G. Buffett as a director, while his foundation publicly describes humanitarian and conflict-related assistance in Ukraine. Acting entity: Howard G. Buffett Foundation; beneficiaries: Ukrainian programme recipients; channel: thehowardgbuffettfoundation.org; earliest conflict-related observation: February 2022; latest public description: October 2026; status: ongoing according to the foundation. ^{10, 18}

No public evidence identified of a foundation grant to the IDF, FIDF or a named Israeli settlement organization.

Other directors

Berkshire’s 2026 proxy lists Susan A. Buffett, Stephen B. Burke, Kenneth I. Chenault, Christopher C. Davis, Susan L. Decker, Charlotte Guyman, Ajit Jain, Thomas S. Murphy, Jr., Wallace R. Weitz and Meryl B. Witmer among its directors. Individual name-based searches did not establish an attributable Israel-Palestine military-funding or settlement-advocacy act for these individuals. Acting reporting entity: Berkshire Hathaway Inc.; channel: sec.gov; observation: March 2026; status: directors identified for the 2026 election. ¹⁰

Historical subsidiary founders and former owners

ISCAR’s official corporate history names Stef Wertheimer as ISCAR’s founder and Eitan Wertheimer as the former IMC chairman who oversaw international expansion and described the company’s association with Berkshire. Berkshire completed its acquisition of the remaining family interest in 2013. Acting entities: Stef Wertheimer, Eitan Wertheimer and Berkshire Hathaway Inc.; counterparty: IMC ownership; channels: iscar.com and sec.gov; earliest observation: 1952; latest ownership transaction: 2013; status: historical ownership relationship ended through the completed acquisition. [pre-2020] ^{13, 5}

No public evidence identified establishing a current Berkshire controlling-equity or veto position for the Wertheimer family.

On September 18, 2026, Berkshire Hathaway Inc. formally announced that Warren E. Buffett had been named Chairman Emeritus, effective immediately, while remaining a member of the Board of Directors. The Board simultaneously elected Howard G. Buffett, a director since 1993, as Chairman of the Board. This supersedes the March 13, 2026 proxy statement’s governance baseline, which identified Warren Buffett as Chairman and Howard Buffett as a director. The resulting named-principal record changes are: Warren E. Buffett - former Board Chairman, now Chairman Emeritus and continuing director; Howard G. Buffett - formerly director, now Chairman of the Board and continuing director. Gregory E. Abel remains Chief Executive Officer, having assumed that position on January 1, 2026, and Susan L. Decker continues as Lead Independent Director. Acting entity: Berkshire Hathaway Inc. Board of Directors; affected principals: Warren E. Buffett and Howard G. Buffett; channel: official Berkshire Hathaway corporate press release and accompanying Warren Buffett shareholder letter; baseline observation: March 13, 2026; change effective: September 18, 2026; status: announced and effective immediately; audience: shareholders and the public. ^{19, 10}

The September 18, 2026 announcement also clarifies the division of responsibilities following the succession. In his accompanying shareholder letter, Warren Buffett confirmed that Gregory Abel exercises operational leadership while Howard Buffett’s chairmanship focuses on preserving Berkshire’s corporate culture and values. The announcement identifies Howard Buffett’s continuing role as Chairman and Chief Executive Officer of the independently operated Howard G. Buffett Foundation, which he has led since 1999. The leadership transition therefore increases Howard Buffett’s formal governance authority within Berkshire but does not itself establish any change in the company’s Israel-Palestine policies, political advocacy, charitable contributions or subsidiary relationships. The March 2026 proxy’s approximately 30.0% voting-interest and 13.7% economic-interest figures for Warren Buffett remain historical ownership observations; the September announcement does not provide updated ownership percentages or evidence that those interests transferred to Howard Buffett. Acting entities: Berkshire Hathaway Inc., Warren E. Buffett and Howard G. Buffett; channel: official corporate announcement, shareholder letter and March 2026 SEC proxy; observation: March–September 2026; status: completed Board leadership succession, with updated beneficial-ownership percentages unestablished by the September announcement. ^{19, 10}

Governance verification as of 28 October 2026: Berkshire Hathaway Inc.’s primary disclosures confirm that Warren E. Buffett ceased serving as Chairman of the Board on 18 September 2026, when he became Chairman Emeritus, effective immediately, while retaining his directorship. Howard G. Buffett, a Berkshire director since 1993, was simultaneously elected Chairman of the Board. The corporate announcement establishes 18 September 2026 as the effective transition date; it specifies immediate effectiveness for Warren Buffett’s new designation and announces Howard Buffett’s election on the same date. Berkshire’s official 2026 news-release index identifies no subsequent governance announcement through 28 October 2026. These findings confirm the existing audit’s two concluding paragraphs under “Historical subsidiary founders and former owners,” which already document the September succession accurately. They also establish that the earlier “Warren E. Buffett - controlling principal” description of him as Chairman, and the “Howard G. Buffett - director and philanthropist” description identifying only his directorship, represent the March 2026 governance baseline rather than their complete positions on 28 October 2026. No further correction to the existing September succession account is supported by the reviewed primary disclosures. ^{19, 20, 21}