secwatch.observer — SEC 8-K summary
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Issuer:     DAVITA INC. (DVA)
CIK:        0000927066
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000927066-24-000083
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DaVita enters share repurchase agreement with Berkshire Hathaway to cap ownership at 45%
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- Agreement requires DaVita to repurchase shares from Berkshire quarterly if ownership exceeds 45% of outstanding.
- Immediate repurchase triggered if Berkshire ownership exceeds 49.5%.
- Berkshire agrees to vote any shares beneficially owned above 40% as per board recommendation.
- Existing standstill agreement from February 2022 remains in effect.
- Repurchase price is volume-weighted average price paid by DaVita for open-market repurchases in the period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927066/000092706624000083/0000927066-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927066/000092706624000083/dva-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000927066-24-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer