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11-K: Annual report of employee stock purchase, savings and similar plans (and amendment thereto)

SEC announcement ·  Jun 14 22:19
Summary by Futu AI
Berkshire Hathaway-B has filed its Form 11-K annual report for the fiscal years ended December 31, 2023, and 2022, detailing the financial status of The Nebraska Furniture Mart, Inc. Profit Sharing Plan. The report, audited by Whitley Penn LLP, states that the Plan's net assets available for benefits increased to $349,458,961 in 2023 from $290,333,747 in 2022. The Plan experienced a net appreciation in the fair value of investments amounting to $46,066,640 in 2023, recovering from a depreciation of $58,774,951 in the previous year. Total investment income turned positive at $54,184,700 in 2023, compared to a loss of $50,175,825 in 2022. Contributions from employers and participants also rose, with the Plan receiving total contributions of $29,709,630 in 2023. The Plan's investments are primarily in mutual funds, common collective trusts, and Berkshire Hathaway Class...Show More
Berkshire Hathaway-B has filed its Form 11-K annual report for the fiscal years ended December 31, 2023, and 2022, detailing the financial status of The Nebraska Furniture Mart, Inc. Profit Sharing Plan. The report, audited by Whitley Penn LLP, states that the Plan's net assets available for benefits increased to $349,458,961 in 2023 from $290,333,747 in 2022. The Plan experienced a net appreciation in the fair value of investments amounting to $46,066,640 in 2023, recovering from a depreciation of $58,774,951 in the previous year. Total investment income turned positive at $54,184,700 in 2023, compared to a loss of $50,175,825 in 2022. Contributions from employers and participants also rose, with the Plan receiving total contributions of $29,709,630 in 2023. The Plan's investments are primarily in mutual funds, common collective trusts, and Berkshire Hathaway Class B Common Stock Fund, with the financial statements presenting these investments at fair value. The Plan is subject to the Employee Retirement Income Security Act of 1974 (ERISA) and is believed to be in compliance with the Internal Revenue Code. The Plan's auditor, Whitley Penn LLP, has been serving since 2015 and expressed an unqualified opinion on the financial statements, which were prepared in accordance with U.S. GAAP.

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