<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST 25, 1998
REGISTRATION NO. 333-
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
____________________
NBH, INC. AND BERKSHIRE HATHAWAY INC.
(EXACT NAME OF REGISTRANTS AS SPECIFIED IN THEIR CHARTERS: SEE EXPLANATORY NOTE
FOLLOWING THIS FACING PAGE)
____________________
DELAWARE 04-2254452
(STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
1440 KIEWIT PLAZA
OMAHA, NEBRASKA 68131
(402) 346-1400
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING
AREA CODE, OF REGISTRANTS' PRINCIPAL EXECUTIVE OFFICES)
____________________
MARC D. HAMBURG
BERKSHIRE HATHAWAY INC.
1440 KIEWIT PLAZA
OMAHA, NEBRASKA 68131
(402) 346-1400
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF AGENT FOR SERVICE)
______________________
COPIES TO:
MARY ANN LYMAN J. MICHAEL HERR
MUNGER, TOLLES & OLSON LLP THOMPSON HINE & FLORY LLP
355 SOUTH GRAND AVENUE 2000 COURTHOUSE PLAZA N.E.
LOS ANGELES, CALIFORNIA 90071 P.O. BOX 8801
(213) 683-9100 DAYTON, OHIO 45401-8801
(937) 443-6600
______________________
APPROXIMATE DATE OF COMMENCEMENT OF THE PROPOSED SALE TO PUBLIC: FROM TIME TO
TIME AFTER THE EFFECTIVE DATE OF THIS REGISTRATION STATEMENT AS DETERMINED BY
THE SELLING SHAREHOLDERS ON THE BASIS OF MARKET CONDITIONS AND OTHER FACTORS.
IF THE ONLY SECURITIES BEING REGISTERED ON THIS FORM ARE BEING OFFERED
PURSUANT TO DIVIDEND OR INTEREST REINVESTMENT PLANS, PLEASE CHECK THE FOLLOWING
BOX. [_]
IF ANY OF THE SECURITIES BEING REGISTERED ON THIS FORM ARE TO BE OFFERED ON A
DELAYED OR CONTINUOUS BASIS PURSUANT TO RULE 415 UNDER THE SECURITIES ACT OF
1933, OTHER THAN SECURITIES OFFERED ONLY IN CONNECTION WITH DIVIDEND OR INTEREST
REINVESTMENT PLANS, CHECK THE FOLLOWING BOX. [X]
IF THIS FORM IS FILED TO REGISTER ADDITIONAL SECURITIES FOR AN OFFERING
PURSUANT TO RULE 462(b) UNDER THE SECURITIES ACT, PLEASE CHECK THE FOLLOWING BOX
AND LIST THE SECURITIES ACT REGISTRATION STATEMENT NUMBER OF THE EARLIER
EFFECTIVE REGISTRATION STATEMENT FOR THE SAME OFFERING. [_]
IF THIS FORM IS A POST-EFFECTIVE AMENDMENT FILED PURSUANT TO RULE 462(c) UNDER
THE SECURITIES ACT, CHECK THE FOLLOWING BOX AND LIST THE SECURITIES ACT
REGISTRATION STATEMENT NUMBER OF THE EARLIER EFFECTIVE REGISTRATION STATEMENT
FOR THE SAME OFFERING. [_]
IF DELIVERY OF THE PROSPECTUS IS EXPECTED TO BE MADE PURSUANT TO RULE 434,
PLEASE CHECK THE FOLLOWING BOX. [_]
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
============================================================================================================================
TITLE OF EACH PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
CLASS OF SECURITIES AMOUNT TO BE OFFERING PRICE AGGREGATE REGISTRATION
TO BE REGISTERED REGISTERED PER UNIT(1) OFFERING PRICE(1) FEE
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS A COMMON STOCK, PAR VALUE
$5.00 PER SHARE 5,090 SHARES $69,300,000 $353,249,931 $104,209
CLASS B COMMON STOCK, PAR VALUE
$.1667 PER SHARE 222 SHARES $ 2,310.50
============================================================================================================================
</TABLE>
(1) Pursuant to Rule 457(c) under the Securities Act of 1933, as amended (the
"Securities Act"), the proposed maximum offering price per share and the
proposed maximum aggregate offering price are estimated solely for the
purpose of calculating the registration fee required under Section 6(b) of
the Securities Act and are based upon the average of the high and low
prices for a share of Class A Common Stock and a share of Class B Common
Stock, as applicable, of Berkshire Hathaway Inc. on the New York Stock
Exchange Composite Tape on August 24, 1998.
_____________________
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES
AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE
A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT
SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE
SECURITIES ACT OF 1933 OR UNTIL THIS REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(a),
MAY DETERMINE.
================================================================================
<PAGE>
EXPLANATORY NOTE
----------------
THIS REGISTRATION STATEMENT ON FORM S-3 (THE "REGISTRATION STATEMENT") IS FILED
BY BOTH NBH, INC. AND BERKSHIRE HATHAWAY INC., AS REGISTRANTS, IN ORDER TO TAKE
INTO ACCOUNT THE EFFECT OF A POSSIBLE BUSINESS COMBINATION PURSUANT TO AN
AGREEMENT AND PLAN OF MERGERS DATED JUNE 19, 1998 BETWEEN BERKSHIRE HATHAWAY
INC. AND GENERAL RE CORPORATION (THE "GENERAL RE MERGER AGREEMENT"). THE
GENERAL RE MERGER AGREEMENT CONTEMPLATES THAT BERKSHIRE HATHAWAY INC. AND
GENERAL RE WILL EACH BECOME A WHOLLY OWNED SUBSIDIARY OF NBH, INC., A NEW
HOLDING COMPANY. AS A RESULT, EACH OUTSTANDING SHARE OF BERKSHIRE HATHAWAY
INC., INCLUDING THOSE REGISTERED UNDER THIS REGISTRATION STATEMENT, WILL BECOME
ONE IDENTICAL OUTSTANDING SHARE OF NBH, INC. NBH, INC. WILL THEN TAKE THE NAME
"BERKSHIRE HATHAWAY INC." AND WILL BE THE SUCCESSOR REGISTRANT OF THE SHARES
REGISTERED HEREBY. HOWEVER, THE GENERAL RE MERGER AGREEMENT ALSO PROVIDES THAT,
UNDER CERTAIN CONDITIONS, THE BUSINESS COMBINATION MAY BE RESTRUCTURED (THE
"ALTERNATIVE TRANSACTION"). IN THE ALTERNATIVE TRANSACTION, GENERAL RE WILL
MERGE WITH, AND BECOME, A WHOLLY OWNED SUBSIDIARY OF A SUBSIDIARY OF BERKSHIRE
HATHAWAY INC. ITSELF, RATHER THAN OF NBH, INC., AND BERKSHIRE HATHAWAY INC.
ITSELF WILL NOT BECOME A SUBSIDIARY OF NBH, INC., BUT WILL REMAIN THE ULTIMATE
PARENT COMPANY. IN THAT EVENT, BERKSHIRE HATHAWAY INC. WILL REMAIN THE
REGISTRANT OF THE SHARES REGISTERED HEREBY. THEREFORE, IN ORDER TO ACCOUNT FOR
EITHER POSSIBLE EVENT, THIS REGISTRATION STATEMENT CONSTITUTES THE REGISTRATION
STATEMENT OF NBH, INC. AND BERKSHIRE HATHAWAY INC.
<PAGE>
PROSPECTUS
BERKSHIRE HATHAWAY INC.
5,090 SHARES OF CLASS A COMMON STOCK ($5.00 PAR VALUE)
222 SHARES OF CLASS B COMMON STOCK ($.1667 PAR VALUE)
This Prospectus relates to 5,090 shares of the Class A Common Stock, par value
$5.00 per share ("Class A Common Stock"), and 222 shares (such shares, together
with such 5,090 shares of Class A Common Stock, the "Shares") of Class B Common
Stock, par value $.1667 per share ("Class B Common Stock") of Berkshire Hathaway
Inc. (the "Company"). The New York Stock Exchange lists both the Class A Common
Stock, which trades under the symbol "BRK.A", and the Class B Common Stock,
which trades under the symbol "BRK.B". The Shares are being offered by one or
more shareholders of the Company ("the Selling Shareholders") who acquired the
Shares from the Company as consideration in the Company's acquisition of
Executive Jet, Inc. See "Selling Shareholders."
The Selling Shareholders may sell the Shares from time to time in one or more
transactions. The Shares may be sold on the New York Stock Exchange, through
brokers or dealers, or otherwise, at market prices then prevailing, or in
negotiated transactions. The Shares may also be offered in one or more
underwritten offerings, on a firm commitment or best efforts basis. The
underwriters in any underwritten offering and the terms and conditions of any
such offering will be described in a supplement to this Prospectus. See "Plan
of Distribution."
The Company will not receive any of the proceeds from the sale of the Shares by
the Selling Shareholders.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.
No dealer, salesperson or any individual has been authorized to give any
information, or to make any representations, other than those contained or
incorporated by reference in this Prospectus or in a Prospectus Supplement, in
connection with the offer made by this Prospectus and any Prospectus Supplement,
and, if given or made, such information or representations must not be relied
upon as having been authorized by the Company or the Selling Shareholders.
Neither the delivery of this Prospectus or any Prospectus Supplement nor any
sale made hereunder or thereunder shall, under any circumstances, create an
implication that there has been no change in the affairs of the Company since
the date hereof or thereof or that the information contained or incorporated by
reference herein or therein is correct as of any time subsequent to the date
hereof or thereof. This Prospectus and any Prospectus Supplement shall not
constitute an offer to sell or a solicitation of an offer to buy any of the
Shares in any jurisdiction to any person to whom it is unlawful to make such
offer or solicitation in such jurisdiction.
The date of this Prospectus is , 1998.
<PAGE>
BERKSHIRE HATHAWAY INC.
The Company and its subsidiaries are engaged in a number of diverse business
activities. The most important of these is the property and casualty insurance
business conducted nationwide on both a direct and reinsurance basis through a
number of subsidiaries. Included in this group of subsidiaries is GEICO
Corporation, the seventh largest auto insurer in the United States.
Investment portfolios of insurance subsidiaries include meaningful equity
ownership percentages of other publicly traded companies, including American
Express Company, The Coca-Cola Company, Federal Home Loan Mortgage Corporation,
The Gillette Company, The Washington Post Company, and Wells Fargo & Company.
Much information about these publicly owned companies is available, including
information released from time to time by the companies themselves.
Additionally, the Company publishes the Buffalo News, a daily and Sunday
newspaper in upstate New York. Other significant business activities conducted
by non-insurance subsidiaries include the manufacture and marketing of home
cleaning systems and related accessories (sold principally under the Kirby
name), manufacture and sale of boxed chocolates and other confectionery products
(See's Candies), retailing of home furnishings (Nebraska Furniture Mart, R.C.
Willey Home Furnishings and Star Furniture Company), manufacture, import and
distribution of footwear (H.H. Brown Shoe Company, Lowell Shoe, Inc. and Dexter
Shoe Company), retailing of fine jewelry (Borsheim's and Helzberg's Diamond
Shops), providing training to operators of aircraft and ships throughout the
world (FlightSafety International), licensing and servicing a system of
approximately 5,800 Dairy Queen Stores (Dairy Queen) and selling fractional
ownership interests in aircraft (Executive Jet, Inc.). The Company also owns a
number of other businesses engaged in a variety of activities.
Operating decisions for the various businesses are made by managers of the
business units. Investment decisions and all other capital allocation decisions
are made for the Company and its subsidiaries by Warren E. Buffett, in
consultation with Charles T. Munger. Mr. Buffett is Chairman and Mr. Munger is
Vice Chairman of the Company's Board of Directors.
The Company has entered into an Agreement and Plan of Mergers dated June 19,
1998 with General Re Corporation, one of the world's largest reinsurance
companies. Information regarding this transaction is provided in a joint proxy
statement/prospectus filed by the Company with the Securities and Exchange
Commission. See "Available Information."
The Company's executive offices are located at 1440 Kiewit Plaza, Omaha,
Nebraska 68131, and its telephone number at that location is (402) 346-1400.
USE OF PROCEEDS
The Company will not receive any of the proceeds from the sale of the Shares
by the Selling Shareholders.
<PAGE>
SELLING SHAREHOLDERS
The Shares offered by this Prospectus were initially issued to the Selling
Shareholders pursuant to an Agreement and Plan of Merger dated as of July 22,
1998, by and among the Company, MC Sub, Inc., Executive Jet, Inc. ("Executive
Jet") and the then-shareholders of Executive Jet (the "Merger Agreement"). Each
of the former Executive Jet shareholders is referred to individually herein as a
"Selling Shareholder," and all of the former Executive Jet shareholders are
referred to collectively herein as the "Selling Shareholders." All Selling
Shareholders who held offices or other positions with Executive Jet prior to the
Merger hold the same positions with Executive Jet after the Merger.
Immediately following the effectiveness of the Merger, the Selling
Shareholders held, in the aggregate, 5,090 shares of the Company's Class A
Common Stock, which amount is less than one percent of the Company's outstanding
Class A Common Stock, and 222 shares of the Company's Class B Common Stock,
which amount is less than one percent of the Company's outstanding Class B
Common Stock. Because a Selling Shareholder may offer pursuant to this
Prospectus all or some part of the Class A Common Stock and Class B Common Stock
which he or it holds, and because the offering may or may not be an underwritten
offering on a firm commitment basis, no estimate can be given as of the date
hereof as to the number of the Shares to be offered for sale by a Selling
Shareholder or as to the number of the Shares that will be held by a Selling
Shareholder upon termination of such offering. See "Plan of Distribution."
The following table sets forth information with respect to beneficial
ownership of the Company's Class A Common Stock and Class B Common Stock as of
the date of this Prospectus by each Selling Shareholder.
<TABLE>
<CAPTION>
Shareholder Name Number of Shares
---------------- ----------------
Class A Common Stock Class B Common Stock
-------------------- --------------------
<S> <C> <C>
Richard T. Santulli 3,437 21
Delbert Coleman 239 15
Neil Coleman 239 15
Jerold B. Friedman, as Trustee of the
Jerold B. Friedman Retained Annuity
Trust Number One 83 22
Jerold B. Friedman, as Trustee of the
Jerold B. Friedman Retained Annuity
Trust Number Two 83 22
James W. Jacobs 191 14
The Jacobs Family Limited Partnership 29 --
David Orlinsky 471 10
David Orlinsky, as Trustee of the David
Orlinsky Retained Annuity Trust Number One 104 28
Scott Liston -- 21
The Goldman Sachs Group, L.P. /(a)/ 214 54
</TABLE>
Other required information relating to any Selling Shareholder will be set forth
in a Prospectus Supplement as necessary.
________________
/(a)/ Represents in the aggregate 214 shares of Class A Common Stock and 54
shares of Class B Common Stock owned by certain partnerships (the "GS
Partnerships") of which affiliates of The Goldman Sachs Group, L.P. ("GS
Group") are the general partner or managing general partner, including
(i) 194 shares of Class A Common Stock and 8 shares of Class B Common
Stock owned by GS Capital Partners, L.P., (ii) 5 shares of Class A Common
Stock and 15 shares of Class B Common Stock owned by Bridge Street Fund
1994, L.P., (iii) 5 shares of Class A Common Stock and 21 shares of Class
B Common Stock owned by Bridge Street Fund 1995, L.P., (iv) 5 shares of
Class A Common Stock and 8 shares of Class B Common Stock owned by Stone
Street Fund 1994, L.P., and (v) 5 shares of Class A Common Stock and 2
shares of Class B Common Stock owned by Stone Street Fund 1995, L.P. GS
Group disclaims beneficial ownership of the shares owned by the GS
Partnerships to the extent interests in such partnerships are owned by
persons other than GS Group and its affiliates.
<PAGE>
PLAN OF DISTRIBUTION
Any or all of the Shares may be sold from time to time to purchasers directly
by a Selling Shareholder. Sales of the Shares may also be made pursuant to Rule
144 under the Securities Act, where applicable. Alternatively, a Selling
Shareholder may from time to time offer any or all of the Shares on the New York
Stock Exchange, through brokers or dealers, or otherwise. The Shares may also
be offered in one or more underwritten offerings, on a firm commitment or best
efforts basis. The Company will receive no proceeds from the sale of the Shares
by the Selling Shareholders.
The Shares may be sold from time to time in one or more transactions at a
fixed offering price, which may be changed, or at varying prices determined at
the time of sale or at negotiated prices. Such prices will be determined by a
Selling Shareholder or by agreement between a Selling Shareholder and his or its
underwriters, dealers, brokers or agents.
Any underwriters, dealers, brokers or agents participating in the distribution
of the Shares may receive compensation in the form of underwriting discounts,
concessions, commissions or fees from a Selling Shareholder and/or purchasers of
Shares, for whom they may act. In addition, a Selling Shareholder and any such
underwriters, dealers, brokers or agents that participate in the distribution of
Shares may be deemed to be underwriters under the Securities Act, and any
profits on the sale of Shares by them and any discounts, commissions or
concessions received by any of such persons may be deemed to be underwriting
discounts and commissions under the Securities Act. Those who act as
underwriter, broker, dealer or agent in connection with the sale of the Shares
will be selected by a Selling Shareholder and may have other business
relationships with the Company and its subsidiaries or affiliates in the
ordinary course of business.
At any time a particular offer of Shares is made by a Selling Shareholder, a
Prospectus Supplement will be distributed, if required, which will set forth the
identity of, and certain information relating to, such Selling Shareholder, the
aggregate amounts of Shares being offered and the terms of the offering,
including the name or names of any underwriters, dealers or agents, any
discounts, commissions and other items constituting compensation from such
Selling Shareholder and any discounts, commissions or concessions allowed or
reallowed or paid to dealers. Such Prospectus Supplement and, if necessary, a
post-effective amendment to the Registration Statement of which this Prospectus
is a part will be filed with the Securities and Exchange Commission to reflect
the disclosure of additional information with respect to the distribution of the
Shares.
The Merger Agreement provides that the Company will indemnify a Selling
Shareholder against certain liabilities, including liabilities under the
Securities Act. The Merger Agreement also provides for the indemnification of
the Company by a Selling Shareholder for certain liabilities, including
liabilities under the Securities Act.
LEGAL MATTERS
The validity of the Shares has been passed upon by Munger, Tolles & Olson LLP,
Los Angeles, California, as counsel for the Company. Ronald L. Olson, a partner
of Munger, Tolles & Olson LLP, is a director of the Company. He and other
attorneys in such firm beneficially own an aggregate of less than 1% of the
outstanding Company Common Stock.
EXPERTS
The financial statements and related financial statement schedules
incorporated in this Prospectus by reference from the Company's Annual Report on
Form 10-K for the year ended December 31, 1997 have been audited by Deloitte &
Touche LLP, independent auditors, as stated in their reports which are
incorporated herein by reference, and have been so incorporated in reliance upon
the reports of such firm given upon their authority as experts in accounting and
auditing.
AVAILABLE INFORMATION
The Company is subject to the informational requirements of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and in accordance
therewith files reports, proxy statements and other information with the
Securities and Exchange Commission (the "Commission"). All such reports, proxy
statements and other information filed with the Commission concerning the
Company can be inspected and copied at the public reference facilities
maintained by the Commission at Room 1024, 450 Fifth Street, N.W., Washington,
D.C. 20549, and at the Commission's regional offices at Seven World Trade
Center, 13th Floor, New York, New York 10048, and 500 West Madison Street, Suite
1400,
<PAGE>
Chicago, Illinois 60661. Copies of such material can be obtained upon written
request addressed to the Commission, Public Reference Section, 450 Fifth Street
N.W., Washington, D.C. 20549, at prescribed rates. The Company's Class A Common
Stock and Class B Common Stock is listed on the New York Stock Exchange.
Reports, proxy statements, information statements and other information
concerning the Company can be inspected at the offices of the New York Stock
Exchange, 20 Broad Street, New York, New York 10005.
The Commission maintains a Web site at http://www.sec.gov that contains
reports, proxy and information statements and other information concerning the
Company, which files electronically with the Commission.
The Company has filed with the Commission a registration statement on Form S-3
(herein together with all amendments and exhibits, referred to as the
"Registration Statement") under the Securities Act of 1933, as amended (the
"Securities Act"). This Prospectus does not contain all of the information set
forth in the Registration Statement, certain parts of which are omitted in
accordance with the rules and regulations of the Commission. For further
information, reference is hereby made to the Registration Statement, which may
be obtained from the Commission at its principal office in Washington, D.C. upon
payment of charges prescribed by the Commission.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents filed by the Company with the Commission pursuant to
Section 13 of the Exchange Act (File No. 1-10125) are incorporated herein by
reference: (i) the Company's Annual Report on Form 10-K for the year ended
December 31, 1997; (ii) the Company's Quarterly Reports on Form 10-Q for the
quarters ended March 31 and June 30, 1998; (iii) the description of the
Company's Class A Common Stock included in the Registration Statement on Form 8-
A dated October 26, 1988; (iv) the description of the Company's Class B Common
Stock included in the Registration Statement on Form 8-A dated April 1, 1996;
(v) the Company's Current Report on Form 8-K filed on June 26, 1998; and (vi)
the information under the heading "Unaudited Pro Forma Combined Condensed
Financial Statements" at pages 59-63 of the Joint Proxy Statement/Prospectus
dated August 12, 1998 included in Amendment No. 1 to the Company's Registration
Statement on Form S-4 dated August 12, 1998.
All documents filed by the Company pursuant to Section 13(a), 13(c), 14 or
15(d) of the Exchange Act subsequent to the date of this Prospectus, and prior
to the termination of the offering of the Shares, shall be deemed to be
incorporated by reference into this Prospectus.
Any statement contained in this Prospectus, in any Prospectus Supplement, or
in a document incorporated or deemed to be incorporated by reference herein or
therein shall be deemed to be modified or superseded for purposes of this
Prospectus and any Prospectus Supplement to the extent that a statement
contained in this Prospectus, any Prospectus Supplement, or in any subsequently
filed document which also is or is deemed to be incorporated by reference herein
or therein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Prospectus or any Prospectus Supplement.
The Company will provide without charge to each person, including any
beneficial owner, to whom a copy of this Prospectus is delivered, upon the
written or oral request of any such person, a copy of any or all of the
information that has been incorporated by reference in the Prospectus but not
delivered with the Prospectus, except the exhibits to such information (unless
such exhibits are specifically incorporated by reference into such information).
Written requests for such copies should be directed to Forrest N. Krutter,
Berkshire Hathaway Inc., 1440 Kiewit Plaza, Omaha, Nebraska 68131. Telephone
requests for such copies should be directed to Forrest N. Krutter at (402) 346-
1400.
<PAGE>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
The following expenses of this offering will be borne by the Company:/*/
<TABLE>
<S> <C>
SEC Registration Fee........... $104,209
NYSE Listing Fees.............. 1,500
Legal Fees and Expenses........ 3,500
Accounting Fees and Expenses... 5,000
Miscellaneous.................. 791
--------
Total...................... $115,000
========
- --------------------------------------------
</TABLE>
/*/ All amounts other than the SEC registration fee are estimated.
ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the General Corporation Law of Delaware empowers the Company to
indemnify, subject to the standards therein prescribed, any person in connection
with any action, suit or proceeding brought or threatened by reason of the fact
that such person is or was a director, officer, employee or agent of the Company
or is or was serving as such with respect to another corporation or other entity
at the request of the Company. Section 10 of the Company's By-Laws provides
that the Company shall, to the fullest extent permitted by Section 145 of the
General Corporation Law of Delaware, indemnify directors and officers of the
Company from and against any and all of the expenses, liabilities or other
matters referred to in or covered by said Section. Additionally, as permitted
by said Section and the Company's By-Laws, the Company has entered into
indemnification agreements with each of its directors and officers. The
description of such indemnification agreements under the caption "Summary of the
Indemnification Agreements" on page 9 of the Company's definitive proxy
statement for its May 19, 1987 Annual Meeting of Stockholders, Commission File
No. 0-7413, is incorporated herein by reference.
As permitted by Section 102 of the General Corporation Law of Delaware, the
Company's Restated Certificate of Incorporation includes as Article Tenth
thereof a provision eliminating, to the extent permitted by Delaware law, the
personal liability of each director of the Company to the Company or any of its
shareholders for monetary damages resulting from breaches of such director's
fiduciary duty of care.
II-1
<PAGE>
ITEM 16. EXHIBITS.
Exhibit Number Description of Document
- --------------- -----------------------
2 Agreement and Plan of Mergers, dated as of June 19, 1998, by and between
Berkshire Hathaway Inc. and General Re Corporation (incorporated by
reference to Exhibit 1 to Berkshire's Current Report on Form 8-K filed on
June 26, 1998, File No. 1-10125).
5 Opinion of Munger, Tolles & Olson LLP.
23.1 Consent of Deloitte & Touche LLP.
23.2 Consent of Munger, Tolles & Olson LLP (contained in Exhibit 5).
24 Power of attorney (see page II-3).
ITEM 17. UNDERTAKINGS.
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement to include any material
information with respect to the plan of distribution not previously disclosed in
the registration statement or any material change to such information in the
registration statement;
(2) That, for the purpose of determining any liability under the Securities
Act, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof;
(3) To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering; and
(4) That, for purposes of determining any liability under the Securities Act,
each filing of the registrant's annual report pursuant to Section 13(a) or 15(d)
of the Exchange Act that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers and controlling persons of the
registrant pursuant to the provisions described under Item 15 above, or
otherwise, the registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
II-2
<PAGE>
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE REGISTRANTS
CERTIFY THAT THEY HAVE REASONABLE GROUNDS TO BELIEVE THAT THEY MEET ALL OF THE
REQUIREMENTS FOR FILING ON FORM S-3 AND HAVE DULY CAUSED THIS REGISTRATION
STATEMENT TO BE SIGNED ON THEIR BEHALF BY THE UNDERSIGNED, THEREUNTO DULY
AUTHORIZED, IN THE CITY OF OMAHA, STATE OF NEBRASKA, ON AUGUST 25, 1998.
BERKSHIRE HATHAWAY INC. NBH, INC.
By /s/ Marc D. Hamburg By /s/ Marc D. Hamburg
---------------------------------- ------------------------------------
Marc D. Hamburg Marc D. Hamburg
Vice President and Chief Vice President and Chief
Financial Officer Financial Officer
POWER OF ATTORNEY
Each of the undersigned hereby constitutes and appoints Warren E. Buffett,
Charles T. Munger and Marc D. Hamburg, or any one of them, each with full power
of substitution and resubstitution, such person's true and lawful attorney-in-
fact and agent, in such person's name and on such person's behalf, in any and
all capacities, to sign any and all amendments to this Registration Statement,
including any post-effective amendments, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and
Exchange Commission.
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS
REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE
CAPACITIES AND ON THE DATES INDICATED.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
- --------- ----- ----
<S> <C> <C>
/s/ Warren E. Buffett Chairman of the Board and Director (principal August 25, 1998
- ------------------------------- executive officer) of Berkshire Hathaway Inc.
Warren E. Buffett and of NBH, Inc.
/s/ Marc D. Hamburg Vice President and Chief Financial Officer August 25, 1998
- ------------------------------- (principal financial officer) of Berkshire
Marc D. Hamburg Hathaway Inc. and of NBH, Inc.
/s/ Daniel J. Jaksich Controller (principal accounting officer) of August 25, 1998
- ------------------------------- Berkshire Hathaway Inc. and of NBH, Inc.
Daniel J. Jaksich
/s/ Charles T. Munger Vice-Chairman of the Board and Director of August 25, 1998
- ------------------------------- Berkshire Hathaway Inc. and of NBH, Inc.
Charles T. Munger
/s/ Susan T. Buffett Director of Berkshire Hathaway Inc. and of August 25, 1998
- ------------------------------- NBH, Inc.
Susan T. Buffett
/s/ Malcolm G. Chace Director of Berkshire Hathaway Inc. and of August 25, 1998
- ------------------------------- NBH, Inc.
Malcolm G. Chace
/s/ Walter Scott, Jr. Director of Berkshire Hathaway Inc. and of August 25, 1998
- ------------------------------- NBH, Inc.
Walter Scott, Jr.
/s/ Howard G. Buffett Director of Berkshire Hathaway Inc. and of August 25, 1998
- ------------------------------- NBH, Inc.
Howard G. Buffett
/s/ Ronald L. Olson Director of Berkshire Hathaway Inc. and of August 25, 1998
- ------------------------------- NBH, Inc.
Ronald L. Olson
</TABLE>
II-3
<PAGE>
[ MUNGER, TOLLES & OLSON LLP LETTERHEAD ]
EXHIBIT 5
August 25, 1998
Berkshire Hathaway Inc.
NBH, Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
Re: Registration Statement on Form S-3
----------------------------------
Gentlemen:
We have examined the Registration Statement on Form S-3 proposed to be
filed by you with the Securities and Exchange Commission on August 25, 1998 (the
"Registration Statement") in connection with the registration under the
Securities Act of 1933, as amended, of 5,090 shares of Class A Common Stock, par
value $5 per share, and 222 shares of Class B Common Stock, par value $.1667 per
share, of Berkshire Hathaway Inc. (or, if applicable, NBH, Inc.) (the "Shares"),
for offer and sale by certain shareholders of Berkshire Hathaway Inc. (or, if
applicable, NBH, Inc.) (the "Selling Shareholders"). As your counsel in
connection therewith, we have examined the proceedings taken by you in
connection with the sale of the Shares to the Selling Shareholders.
Based upon the foregoing, it is our opinion that the Shares are now, and
when sold in the manner referred to in the Registration Statement will be,
validly issued, fully paid, and nonassessable.
We hereby consent to the use of this opinion as an exhibit to the
Registration Statement, and further consent to the reference to this firm
appearing under the heading "Legal Matters" in the prospectus which is contained
in the Registration Statement.
Very truly yours,
/s/ Munger, Tolles & Olson LLP
MUNGER, TOLLES & OLSON LLP
<PAGE>
EXHIBIT 23.1
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement of
Berkshire Hathaway Inc. and NBH, Inc. on Form S-3 of our reports dated March 6,
1998, appearing in the Annual Report on Form 10-K of Berkshire Hathaway Inc.
for the year ended December 31, 1997 and to the reference to us under the
heading "Experts" in the Prospectus which is part of this Registration
Statement.
Deloitte & Touche LLP
Omaha, Nebraska
August 25, 1998
