Warren Buffett announces changes to annual shareholder meeting

Posted at 9:53 AM, Mar 13, 2020

OMAHA. Neb. (KMTV) - Warren Buffett announced changes to the annual Berkshire Hathaway shareholder meeting on Friday as concerns mount about the coronavirus.

In a letter to shareholders, Buffett wrote the meeting will be held as scheduled on May 2. But shareholders will not be allowed to physically attend the meeting and all special events are canceled.

Yahoo will stream the event so people can watch remotely.

"I very much regret this action; for many decades the annual meeting has been a high point of the year for me and my partner, Charlie Munger," Buffett wrote. "It is now clear, however, that large gatherings can pose a health threat to the participants and the greater community. We won’t ask this of our employees and we won’t expose Omaha tothe possibility of becoming a hot spot in the current pandemic. Therefore, we will limit attendance to me, possibly Charlie, and several Berkshire employees who will deliver proxy votes."

Buffett is hopeful the meeting will go on as usual in 2021.

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