Category: Announcements

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Announcements

Women in Leadership: Intero Announces Major Executive Advancements

(BRK.A), (BRK.B)

Intero, a Berkshire Hathaway affiliate and subsidiary of HomeServices of America, has announced the promotions of Heather Victoria, Alexandria (“Alex”) Kavalaris, and Mia Park. These leadership advancements reinforce Intero’s commitment to fostering strong female leaders and driving company growth.

Heather Victoria, Intero’s longtime Controller, has been promoted to Vice President. With over 30 years of financial experience, she now oversees strategic partnerships alongside company president Scott Chase. She also holds a key finance role within HomeServices of America’s Shared Success Center.

Alex Kavalaris, previously Corporate Counsel, steps into the role of Vice President and General Counsel. A seasoned legal expert, she will continue guiding the company’s legal strategy and providing counsel to Intero’s 1,500 agents. An active contributor to real estate law discussions, she frequently lectures at industry associations.

Mia Park has taken on the position of Broker of Record for Intero and is now an officer of HomeServices of America. Since joining Intero in 2003, Park has led major offices, managed relocation services, and overseen agent training. She now plays a crucial role in daily brokerage operations and compliance.

“These three leaders have been integral to Intero’s success for many years,” said Terry Meyer, Co-Founder and President of Intero. “We look forward to their continued impact as they help shape the future of our brokerage.”

For over two decades, Intero has built a culture of collaboration and excellence. Under its dynamic leadership team, the company remains dedicated to innovation and industry growth.

© 2025 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway Has Another $50 Million to Put To Work After Seritage Prepayment

(BRK.A), (BRK.B)

Berkshire Hathaway has another $50 million that it needs to invest.

Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, announced that on June 7, 2023, the company made a voluntary prepayment of $50 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Company of Nebraska.

With the prepayment, $550 million of the term loan facility remains outstanding.

The prepayment will also reduce the amount of interest Berkshire receives from Seritage’s total annual interest expense by approximately $3.5 million.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Announcements

Berkshire Hathaway Has Another $200 Million to Put To Work After Seritage Prepayment

(BRK.A), (BRK.B)

Berkshire Hathaway has another $200 million that it needs to invest.

Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, announced that on May 25, 2023, the company made a voluntary prepayment of $200 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Company of Nebraska.

With the prepayment, $600 million of the term loan facility remains outstanding.

The prepayment will also reduce the amount of interest Berkshire receives from Seritage’s total annual interest expense by approximately $14 million.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Announcements

Berkshire Hathaway Appoints New Director

(BRK.A), (BRK.B)

Thomas S. Murphy, Jr. has been elected to the Board of Directors of Berkshire Hathaway Inc.

Mr. Murphy co-founded Crestview Partners in 2004. Crestview is a private equity firm based in New York City. Prior to starting Crestview, Mr. Murphy was a Partner at Goldman, Sachs & Co. Additionally, Mr. Murphy serves on the boards of New York University, NYU – Langone Health and The Inner-City Scholarship Fund.

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway Warns Against Crypto Website Pirating Berkshire Hathaway Name

(BRK.A), (BRK.B)

Berkshire Hathaway is warning against a crypto website that is using the Berkshire Hathaway name. In a November 18 press release, the company stated:

Earlier this afternoon it came to our attention that there is an entity using the name Berkshire Hathaway with a web address of berkshirehathawaytx.com. The entity who has this web address has no affiliation with Berkshire Hathaway Inc. or its Chairman and CEO, Warren E. Buffett.

© 2022 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Adds $100 Million to Cash Pile

(BRK.A), (BRK.B)

No matter how much Berkshire Hathaway seems to spend on stock purchases and acquisitions, it always seems to end up with even more cash. And you can add an additional $100 million to its cash pile.

Seritage Growth Properties, a national owner and developer of 161 retail, residential and mixed-use properties, announced that on August 5, 2022, the Company made a voluntary prepayment of $100 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayment, $1.34 billion of the term loan facility remains outstanding.

At June 30, 2022, Berkshire’s insurance float was approximately $147 billion, relatively unchanged from the end of the prior quarter.

© 2022 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Tom Murphy Resigns From Berkshire Board

(BRK.A), (BRK.B)

Tom Murphy, a member of Berkshire Hathaway’s Board of Directors since 2003, has resigned from Berkshire’s Board effective February 15, 2022.

Warren Buffett, Berkshire’s Chairman and CEO, issued the following statement. “Tom Murphy has taught me more about running a business than any other person. We have been friends and mental partners for more than 50 years. My only regret is that I didn’t meet him earlier. Tom phoned me today and said that recovering from a recent bout with Covid convinced him that he would feel more comfortable ending his activities at Berkshire. I accepted his wish. He will continue as a major shareholder and friend.”

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway Clarifies That Annual Meeting to Be Held in Omaha

(BRK.A; BRK.B) – Earlier this week, we issued a press release announcing that the Berkshire Hathaway Annual Shareholders Meeting to be held on April 30, 2022 will be an in-person meeting. Since that time, we have received many questions about the location of the meeting. We now realize that we made an error in our earlier press release in not being clearer with respect to what we had taken for granted. We would never consider holding our shareholder meeting anyplace other than Omaha. We could not have a better venue than the CHI Health Center or a better city than Omaha for hosting our event.

As was stated in the earlier press release, additional information about the meeting will be included in Berkshire’s 2021 Annual Report which is scheduled to be posted on the Internet on Saturday morning, February 26, 2022. If there are additional updates regarding the meeting, they will be posted on Berkshire’s website at www.berkshirehathaway.com. In addition, as has been done for the past several years, the meeting will again be webcast.

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Berkshire Plans Return to In-Person Annual Meeting

(BRK.A; BRK.B)

The Berkshire Hathaway Annual Shareholders Meeting will be held on Saturday, April 30, 2022. At this time, we are planning for an in-person meeting. In addition, as has been done for the past several years, the meeting will again be webcast. Additional information about the meeting will be included in Berkshire’s 2021 Annual Report which is scheduled to be posted on the Internet on Saturday morning, February 26, 2022. If there are additional updates regarding the meeting, they will be posted on Berkshire’s website at www.berkshirehathaway.com.