Berkshire Hathaway becomes sole member of BNSF after National Indemnity transfers interests

BURLINGTON NORTHERN SANTA FE, LLC

National Indemnity Company transferred its membership interests in BNSF to Berkshire Hathaway Inc., effective September 30, 2023.
Following the transfer, Berkshire Hathaway is the sole member of Burlington Northern Santa Fe, LLC.
The Operating Agreement was amended solely to reflect Berkshire's new status as sole member.
No financial impact or change in operations described in the filing.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BURLINGTON NORTHERN SANTA FE, LLC: Amended the Amended and Restated Limited Liability Company Operating Agreement to reflect Berkshire Hathaway Inc. as the sole member after transfer of interests from National Indemnity Company (effective 2023-09-30).

Change: bylaw amendment
Effective: 2023-09-30

Exact text from the filing

Effective September 30, 2023, National Indemnity Company (the “Sole Member”), a Nebraska corporation that is wholly owned by Berkshire Hathaway Inc. (“Berkshire”) and the sole member of Burlington Northern Santa Fe, LLC, a Delaware limited liability company (the “Company”), transferred its membership interests in the Company to Berkshire and resigned as a member of the Company (collectively, the “Transfer”).

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Source: SEC EDGAR

accession 0000950157-23-001029

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