SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(a)
(Amendment No. 6)
USG CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.10 PER SHARE
(Title of Class of Securities)
903293 40 5
(CUSIP Number)
MARC D. HAMBURG
BERKSHIRE HATHAWAY INC.
3555 FARNAM STREET
OMAHA, NEBRASKA 68131
(402) 346-1400
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
December 9, 2013
(Date of Event Which Requires Filing of this Statement)
If the person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ¨
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
1 | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 2 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Warren E. Buffett | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. citizen | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 (see Item 5) | ||||
8 | SHARED VOTING POWER
43,387,982 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 (see Item 5) | |||||
10 | SHARED DISPOSITIVE POWER
43,387,982 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,387,982 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.5% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
IN, HC |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 3 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Berkshire Hathaway Inc. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware corporation | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
43,387,982 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
43,387,982 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,387,982 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.5% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
HC, CO |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 4 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
National Indemnity Company | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska corporation | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
39,002,017 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
39,002,017 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,002,017 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.4% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
IC, CO |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 5 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Berkshire Hathaway Life Insurance Company of Nebraska | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
WC | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Nebraska corporation | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
14,035,088 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
14,035,088 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,035,088 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
IC, CO |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 6 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Berkshire Hathaway Assurance Corporation | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
WC | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
New York corporation | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
7,894,737 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
7,894,737 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,894,737 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
IC, CO |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 7 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
General Re Corporation | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware corporation | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
4,385,965 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
4,385,965 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,385,965 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
HC, CO |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 8 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
General Reinsurance Corporation | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware corporation | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
4,385,965 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
4,385,965 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,385,965 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
IC, CO |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 9 OF 12 PAGES |
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
General Re Life Corporation | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ | |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
WC | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
¨ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut corporation | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
4,385,965 (see Item 5) | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
4,385,965 (see Item 5) | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,385,965 (see Item 5) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.1% (see Item 5) | |||||
14 | TYPE OF REPORTING PERSON*
IC, CO |
* | See instructions before filling out! |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 10 OF 12 PAGES |
This Amendment No. 6 to Schedule 13D amends and supplements the information set forth in the Schedule 13D filed by certain of the Reporting Persons with the Securities and Exchange Commission (the Commission) on January 31, 2006 (the 13D), as subsequently amended thereafter, with respect to the shares of Common Stock, par value $0.10 per share (Common Stock) of USG Corporation (USG). On December 9, 2013, Berkshire Hathaway Life Insurance Company of Nebraska, a Nebraska corporation (BH Nebraska), Berkshire Hathaway Assurance Corporation, a New York corporation (BH Assurance), and General Re Life Corporation, a Connecticut corporation (General Re Life), acquired a total of 21,388,597 shares of Common Stock in the aggregate (the Conversion Shares) upon their election to convert into Common Stock certain 10% Contingent Convertible Senior Notes due 2018 (the Notes) of USG held by them in the aggregate principal amount of $243,830,000, which Notes had been called for redemption by USG (the Called Notes), as described in Items 3 through 5 herein. This Amendment No. 6 also updates the previously reported information as to the beneficial ownership of Warren E. Buffett and the following entities (collectively, the Berkshire Entities) Berkshire Hathaway Inc., National Indemnity Company, BH Nebraska, BH Assurance, General Re Life, General Re Corporation, a Delaware corporation (General Re), and General Reinsurance Corporation, a Delaware corporation (General Reinsurance) of Common Stock of USG as of December 9, 2013. All changes in beneficial ownership figures reported herein are solely as a result of the issuance of the Conversion Shares upon conversion of the Called Notes, and an increase in the total number of shares of Common Stock issued and outstanding as reported by USG since the filing of the most recent amendment to this 13D. The Reporting Persons (Mr. Buffett and the Berkshire Entities are referred to herein collectively as Reporting Persons) have not purchased or sold USG Common Stock or Notes. Capitalized terms used herein without definition shall have the meaning assigned to such terms in the 13D.
Item 3 is hereby amended to add the following:
On November 15, 2013, USG issued a notice of redemption to redeem on December 16, 2013, $325 million in aggregate principal amount of the Notes. The Notes called for redemption would be subject to redemption at the stated redemption price equal to 105% of the aggregate principal amount of such Notes, plus accrued and unpaid interest to (but not including) the redemption date, unless the holders of the Notes that were called for redemption converted such Notes prior to the redemption date. The Called Notes were convertible into 87.7193 shares of Common Stock per $1,000 principal amount of Notes (based on the conversion price of $11.40 per share). If the Berkshire Entities declined to convert the Called Notes and allowed such Notes to be redeemed, the Berkshire Entities would have received an aggregate redemption payment in an amount less than the value of the Common Stock received on conversion, based on the market price of the Common Stock at the time of the conversion by the Berkshire Entities. BH Nebraska, BH Assurance and General Re Life elected to convert the Called Notes held by them, in the aggregate principal amount of $243,830,000, into the Conversion Shares totaling 21,388,597 shares of Common Stock in the aggregate. Accordingly, on December 9, 2013, (i) BH Nebraska acquired 11,403,509 shares of Common Stock upon conversion of the Called Notes held by it in the principal amount of $130,000,000, (ii) BH Assurance acquired 6,414,474 shares of Common Stock upon conversion of the Called Notes held by it in the principal amount of $73,125,000, and (iii) General Re Life acquired 3,570,614 shares of Common Stock upon conversion of the Called Notes held by it in the principal amount of $40,705,000.
The conversion of the Called Notes was the sole consideration used to acquire the Conversion Shares, and no funds or consideration were borrowed or obtained for the purposes of acquiring the Conversion Shares. As previously reported by the Reporting Persons in Amendment No. 5 to the Schedule 13D filed on February 11, 2009 (Amendment No. 5), the subject Notes were purchased in February 2009 in a private placement by the Issuer of $400 million aggregate principal amount of Notes. The subject Notes were acquired using internally generated funds of BH Nebraska, BH Assurance and General Re Life. No funds or consideration were borrowed or obtained for the purposes of acquiring the subject Notes.
Item 4 is hereby amended to add the following:
BH Nebraska, BH Assurance and General Re Life acquired the Conversion Shares for investment purposes.
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 11 OF 12 PAGES |
Item 5 is hereby amended to replace the amendments to Item 5 made in Amendment No. 5 with the following additions to Item 5:
(a) BH Nebraska is the holder of (i) 11,403,509 shares of Common Stock (the BH Nebraska Shares), and (ii) $30 million aggregate principal amount of the Notes (the BH Nebraska Notes), which, to the knowledge of the Reporting Persons, if converted, would, together with the BH Nebraska Shares, constitute approximately 9.9% of USGs outstanding Common Stock. BH Assurance is the holder of (1) 6,414,474 shares of Common Stock (the BH Assurance Shares, and together with the BH Nebraska Shares, the Nebraska/Assurance Shares), and (2) $16,875,000 aggregate principal amount of the Notes, which, to the knowledge of the Reporting Persons, if converted, would, together with the BH Assurance Shares, constitute approximately 5.6% of USGs outstanding Common Stock (the BH Assurance Notes, and together with the BH Nebraska Notes, the Nebraska/Assurance Notes). General Re Life is the holder of (x) 3,570,614 shares of Common Stock (the General Re Life Shares), and (y) $9,295,000 aggregate principal amount of the Notes, which, to the knowledge of the Reporting Persons, if converted, would, together with the Gen Re Life Shares, constitute approximately 3.1% of USGs outstanding Common Stock (the General Re Life Notes). The percentages of outstanding shares stated herein are based on the number of shares of Common Stock disclosed as outstanding on the Issuers Form 10-Q filed with the Commission on October 24, 2013 together with the additional number of shares of Common Stock subsequently reported as being issued on the Issuers Current Report on Form 8-K filed with the Commission on December 13, 2013, as well as the shares of Common Stock issuable upon conversion of the remaining Notes owned by the Reporting Persons, but do not reflect any other changes, if any, in shares outstanding.
Mr. Buffett may be deemed to control Berkshire, which controls BH Nebraska, BH Assurance and General Re Life. Thus, both Mr. Buffett and Berkshire may be considered to have beneficial ownership of the Nebraska/Assurance Shares, the Nebraska/Assurance Notes, the General Re Life Shares and the General Re Life Notes. NICO, a direct subsidiary of Berkshire and the direct parent company of BH Nebraska and BH Assurance, also may be considered to have beneficial ownership of the Nebraska/Assurance Shares and the Nebraska/Assurance Notes. General Reinsurance, an indirect subsidiary of Berkshire and the direct parent company of General Re Life, also may be considered to have beneficial ownership of the General Re Life Shares and the General Re Life Notes. General Re, a direct subsidiary of Berkshire and the direct parent company of General Reinsurance, also may be considered to have beneficial ownership of the General Re Life Shares and the General Re Life Notes.
(b) BH Nebraska has voting and investment power with respect to the BH Nebraska Shares and the BH Nebraska Notes. BH Assurance has voting and investment power with respect to the BH Assurance Shares and the BH Assurance Notes. However, Mr. Buffett, Chairman of the Board of Directors of Berkshire, who may be deemed to control BH Nebraska and BH Assurance, directs the investment of BH Nebraska and BH Assurance. Thus, Mr. Buffett, Berkshire, and NICO share voting and investment power with respect to the Nebraska/Assurance Shares and the Nebraska/Assurance Notes. General Re Life has voting and investment power with respect to General Re Life Shares and the General Re Life Notes. However, Mr. Buffett, Chairman of the Board of Directors of Berkshire, who may be deemed to control General Re Life, directs the investment of General Re Life. Thus, Mr. Buffett, Berkshire, General Reinsurance and General Re share voting and investment power with respect to the General Re Life Shares and the General Re Life Notes.
(c) As described in Item 3 above, on December 9, 2013, (i) BH Nebraska acquired 11,403,509 shares of Common Stock upon conversion of the Called Notes held by it in the principal amount of $130,000,000, (ii) BH Assurance acquired 6,414,474 shares of Common Stock upon conversion of the Called Notes held by it in the principal amount of $73,125,000, and (iii) General Re Life acquired 3,570,614 shares of Common Stock upon conversion of the Called Notes held by it in the principal amount of $40,705,000. The Called Notes were converted into 87.7193 shares of Common Stock per $1,000 principal amount of Called Notes, which is equivalent to a conversion price of $11.40 per share.
No other Reporting Person acquired any shares of USG Common Stock since the filing of Amendment No. 5.
Item 7. Material to be Filed as Exhibits
Exhibit No. |
Description | |
1 | Certain Information About the Reporting Persons and the Executive Officers and Directors of the Reporting Persons |
CUSIP NO. 903293 40 5 | SCHEDULE 13D/A | PAGE 12 OF 12 PAGES |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement on Schedule 13D is true, complete, and correct.
Dated: December 31, 2013
WARREN E. BUFFETT | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Attorney-In-Fact | ||
BERKSHIRE HATHAWAY INC. | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Senior Vice President | ||
NATIONAL INDEMNITY COMPANY | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Attorney-In-Fact |
BERKSHIRE HATHAWAY LIFE INSURANCE COMPANY OF NEBRASKA | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Attorney-In-Fact | ||
BERKSHIRE HATHAWAY ASSURANCE CORPORATION | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Attorney-In-Fact | ||
GENERAL RE CORPORATION | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Attorney-In-Fact | ||
GENERAL REINSURANCE CORPORATION | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Attorney-In-Fact |
GENERAL RE LIFE CORPORATION | ||
By: | /S/ MARC D. HAMBURG | |
Name: Marc D. Hamburg | ||
Title: Attorney-In-Fact |
Exhibit 1
CERTAIN INFORMATION ABOUT THE REPORTING PERSONS
AND THE EXECUTIVE OFFICERS AND DIRECTORS OF THE REPORTING PERSONS
Set forth below is information about (i) the name, state of organization, principal business, and the address of the principal office of each of the Berkshire Entities and (ii) the name and title of each executive officer and director of the Berkshire Entities, his or her business address, his or her present principal occupation or employment, the name, principal business, and address of any corporation or other organization in which such employment is conducted, and his or her country of citizenship.
(1) Berkshire Hathaway Inc.
Berkshire Hathaway Inc., a Delaware corporation (Berkshire), is a holding company engaged through its subsidiaries in a number of diverse businesses, the most important of which is property and casualty insurance and reinsurance offered on both a direct and reinsurance basis through its insurance subsidiaries. The principal office of Berkshire is located at 1440 Kiewit Plaza, Omaha, Nebraska 68131. The executive officers of Berkshire are Warren E. Buffett, Chairman and Chief Executive Officer, Charles T. Munger, Vice Chairman, and Marc D. Hamburg, Senior Vice President and Chief Financial Officer. The directors of Berkshire are Warren E. Buffett, Charles T. Munger, Howard G. Buffett, Susan L. Decker, William H. Gates, David S. Gottesman, Charlotte Guyman, Donald R. Keough, Thomas S. Murphy, Ronald L. Olson, Walter Scott, Jr., and Meryl B. Witmer.
(2) National Indemnity Company
National Indemnity Company, a Nebraska corporation (NICO), is a property and casualty insurance company. The principal office of NICO is located at 3024 Harney Street, Omaha, Nebraska 68131. The executive officers of NICO are Donald F. Wurster, President, Ajit Jain, Executive Vice President, Phillip M. Wolf, Senior Vice President, Dale Geistkemper, Treasurer, and J. Michael Gottschalk, Vice President. The directors of NICO are Donald F. Wurster, Phillip M. Wolf, Marc D. Hamburg, Brian G. Snover, J. Michael Gottschalk, Ajit Jain, and Daniel J. Jaksich.
(3) Berkshire Hathaway Life Insurance Company of Nebraska
Berkshire Hathaway Life Insurance Company of Nebraska, a Nebraska corporation (BH Nebraska), is a life insurance company. The principal office of BH Nebraska is located at 3024 Harney Street, Omaha, Nebraska 68131. The executive officers of BH Nebraska are Donald F. Wurster, President, Brian G. Snover, Secretary, and Dale L. Geistkemper, Treasurer. The directors of BH Nebraska are Marc D. Hamburg, Ajit Jain, Arvind Krishnamurthy, Brian G. Snover, and Donald F. Wurster.
(4) Berkshire Hathaway Assurance Corporation
Berkshire Hathaway Assurance Corporation, a New York corporation (BH Assurance), is a property and casualty insurance company. The principal office of BH Assurance is located at Marine Air Terminal, LaGuardia Airport, Flushing, New York 11371. The executive officers of BH Assurance are Donald F. Wurster, President, Erica B. Duffy, Secretary, and Dale D. Geistkemper, Treasurer. The directors of BH Assurance are John D. Arent, Erica B. Duffy, Lori J. Friedman, Dale G. Geistkemper, Ajit Jain, Brian G. Snover, and Donald F. Wurster.
(5) General Re Corporation
General Re Corporation, a Delaware corporation (General Re), is an intermediate holding company which is a direct wholly-owned subsidiary of Berkshire. The principal office of General Re is located at 120 Long Ridge Road, Stamford, Connecticut 06902. The executive officers of General Re are Franklin Montross IV, Chairman and Chief Executive Officer, William G. Gasdaska, Senior Vice President and Chief Financial Officer, and Damon N. Vocke, Executive Vice President. The directors of General Re are Sandra L. Bell, Salvatore Curiale, I. John Cholnoky, Janice C. Englesbe, William G. Gasdaska, Winfried Heinen, Robert M. Jones, Steven J. Mannik, Franklin Montross IV, and Damon N. Vocke.
(6) General Reinsurance Corporation
General Reinsurance Corporation, a Delaware corporation (General Reinsurance), is a property and casualty insurance company. The principal office of General Reinsurance is located at 120 Long Ridge Road, Stamford, Connecticut 06902. The executive officers of General Reinsurance are Franklin Montross IV, Chairman and Chief Executive Officer, I. John Cholnoky, President, William G. Gasdaska, Senior Vice President and Chief Financial Officer, Damon N. Vocke, Senior Vice President, Robert D. Sciolla, Executive Vice President, and A. Morris Tooker, Executive Vice President. The directors of General Reinsurance are Nicholas S. Canelos, I. John Cholnoky, William G. Gasdaska, Kenneth R. Lundgren, Daniel K. Lyons, Franklin Montross IV, A. Morris Tooker, and Damon N. Vocke.
(7) General Re Life Corporation
General Re Life Corporation, a Delaware corporation (General Re Life), is a life insurance company. The principal office of General Re Life is located at 120 Long Ridge Road, Stamford, Connecticut 06902. The executive officers of General Re Life are Steven J. Mannik, President and Chief Executive Officer, Vincent A. DeMarco, Senior Vice President, Christopher R. Bello, Vice President, and Joseph Conetta, Treasurer. The directors of General Re Life are Winfried Heinen, Steven J. Mannik, and Franklin Montross IV.
Name |
Principal Occupation |
Business Address |
Country of Citizenship | |||
John D. Arent | Vice President of NICO | 3024 Harney Street, Omaha, Nebraska 68131 | United States | |||
Sandra L. Bell | Senior Vice President, General Re Corporation | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Nicholas S. Canelos | Global Head of Claims, General Reinsurance | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
I. John Cholnoky | President of General Reinsurance | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Joseph Conetta | Treasurer, General Re Life | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Salvatore Curiale | Retired | 38 Superior Road, Bellrose Village, New York, 11001 | United States | |||
Howard G. Buffett | President of Buffett Farms and the Howard G. Buffett Foundation | 407 Southmoreland Place, Decatur, Illinois 62521, which is the same address for Buffett Farms and BioImages | United States | |||
Warren E. Buffett | Chairman and Chief Executive Officer of Berkshire | 1440 Kiewit Plaza, Omaha, Nebraska 68131 | United States | |||
Susan L. Decker | Former President of Yahoo! Inc., a global internet brand | P.O. Box 69, Belvedere, California 94920 | United States | |||
Erica B. Duffy | Attorney, National Liability & Fire Insurance Company | 3024 Harney Street, Omaha, Nebraska, 68131 | United States | |||
Janice C. Engelsbe | Director of General Re Corporation | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Lori J. Friedman | Attorney, National Liability & Fire Insurance Company | 3024 Harney Street, Omaha, Nebraska, 68131 | United States | |||
William G. Gasdaska | Senior Vice President and Chief Financial Offier of General Re | 695 East Main Street, Stamford, Connecticut 06901 | United States | |||
William H. Gates | Co-Chair of the Bill and Melinda Gates Foundation | 4110 Carillon Point, Kirkland, Washington 98033 | United States | |||
Dale Geistkemper | Treasurer of NICO | 3024 Harney Street, Omaha, Nebraska 68131 | United States |
Name |
Principal Occupation |
Business Address |
Country of Citizenship | |||
David S. Gottesman | Senior Managing Director of First Manhattan Company, an investment advisory firm | 437 Madison Avenue, New York, New York 10022 | United States | |||
J. Michael Gottschalk | Vice President of NICO | 3024 Harney Street, Omaha, Nebraska 68131 | United States | |||
James M. Greenwood | Senior Vice President of General Re Life | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Charlotte Guyman | Director of UW Medicine, an academic medical center | 1127 Evergreen Point Road, Medina, Washington 98039 | United States | |||
Marc D. Hamburg | Senior Vice President and Chief Financial Officer of Berkshire | 1440 Kiewit Plaza, Omaha, Nebraska 68131 | United States | |||
Ajit Jain | Executive Vice President of NICO | 3024 Harney Street, Omaha, Nebraska 68131 | United States | |||
Daniel J. Jaksich | Vice President and Controller of Berkshire | 1440 Kiewit Place, Omaha, Nebraska 68131 | United States | |||
Robert M. Jones | Director, General Re Corporation | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Donald R. Keough | Chairman of Allen and Company Incorporated, an investment banking firm | DMK International 200 Galleria Parkway, Atlanta, Georgia 30339 | United States | |||
Arvind Krishnamurthy | Insurance Executive, National Liability & Fire Insurance Company | 3024 Harney Street, Omaha, Nebraska, 68131 | United States | |||
Kenneth R. Lundgren | Chief Underwriting Officer of General Reinsurance | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Daniel K. Lyons | Global Head of Actuarial Department, General Re | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Steven G. Mannik | President and Chief Executive Officer of General Re Life | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Franklin Montross IV | Chairman and Chief Executive Officer, General Re | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Charles T. Munger | Vice Chairman of Berkshire | 355 South Grand Avenue, 34th Floor, Los Angeles, California 90071-1560 | United States | |||
Thomas S. Murphy | Former Chairman and Chief Executive Officer of Capital Cities/ABC | c/o ABC Inc., 77 West 66th Street, New York, New York 10023 | United States | |||
Ronald L. Olson | Partner in the law firm of Munger, Tolles & Olson LLP | 355 South Grand Avenue, 35th Floor, Los Angeles, California 90071-1560 | United States | |||
Robert D. Sciolla | Executive Vice President, General Reinsurance | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Walter Scott, Jr. | Chairman of the Board of Directors of Level 3 Communications, Inc., which is engaged in telecommunications and computer outsourcing | 1025 El Dorado Boulevard, Broomfield, Colorado 80021, which is the same address for Level 3 Communications, Inc. | United States |
Name |
Principal Occupation |
Business Address |
Country of Citizenship | |||
Brian G. Snover | Vice President of NICO | 3024 Harney Street, Omaha, Nebraska 68131 | United States | |||
A. Morris Tooker | Executive Vice President, General Reinsurance | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Damon N. Vocke | Executive Vice President of General Re | 120 Long Ridge Road, Stamford, Connecticut 06902 | United States | |||
Meryl B. Witmer | Principal, Eagle Capital Partners L.P. | 655 Third Avenue, New York, NY 10017 | United States | |||
Phillip M. Wolf | Senior Vice President of NICO | 3024 Harney Street, Omaha, Nebraska 68131 | United States | |||
Donald F. Wurster | President of NICO | 3024 Harney Street, Omaha, Nebraska 68131 | United States |