On March 17, 2023, Berkshire Hathaway Inc. announced that it has received a shareholder proposal from American Conservative Values ETF requesting the Company's Board of Director to encourage a Senior Management Commitment at Company and its portfolio companies to avoid supporting or taking a public position on any controversial social or political issues, without having previously, comprehensively and without bias justified by action on the basis of underlying business strategy, exigencies, and priorities. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on May 6, 2023.