Shares of Convertible Preferential Stock

Warren E. Buffett: I think we probably had 11 or 12, maybe 12,000 or so shares voted against the proposal. The proposed amendment would add a provision to the Certificate of Incorporation authorizing the Board of Directors to issue up to 1 million shares of preferred stock in one or more series. "We really don't care aside from a question of tax basis we might obtain," he says.