Form: SC 13G/A

Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

February 16, 2021

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 2)

 

 

AXALTA COATINGS SYSTEMS LTD.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

G0750C108

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1 (b)

☐ Rule 13d-1 (c)

☐ Rule 13d-1 (d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

 

 

 


CUSIP No.

   G0750C108    13G    Page 2 of 12 Pages

 

  1       

  NAME OF REPORTING PERSON

 

  Warren E. Buffett

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  United States Citizen

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  NONE

  6     

  SHARED VOTING POWER

 

  23,420,000 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

  NONE

  8     

  SHARED DISPOSITIVE POWER

 

  23,420,000 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  23,420,000 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  9.9%

12      

  TYPE OF REPORTING PERSON

 

  IN

 


CUSIP No.

   G0750C108    13G    Page 3 of 12 Pages

 

  1       

  NAME OF REPORTING PERSON

 

  Berkshire Hathaway Inc.

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  NONE

  6     

  SHARED VOTING POWER

 

  23,420,000 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

  NONE

  8     

  SHARED DISPOSITIVE POWER

 

  23,420,000 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  23,420,000 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  9.9%

12      

  TYPE OF REPORTING PERSON

 

  HC, CO

 

 


CUSIP No.

   G0750C108    13G    Page 4 of 12 Pages

 

  1       

  NAME OF REPORTING PERSON

 

  National Indemnity Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  NONE

  6     

  SHARED VOTING POWER

 

  20,940,000 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

  NONE

  8     

  SHARED DISPOSITIVE POWER

 

  20,940,000 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  20,940,000 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  8.9%

12      

  TYPE OF REPORTING PERSON

 

  IC, CO

 

 


CUSIP No.

   G0750C108    13G    Page 5 of 12 Pages

 

  1       

  NAME OF REPORTING PERSON

 

  GEICO Corporation

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  NONE

  6     

  SHARED VOTING POWER

 

  20,546,957 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

  NONE

  8     

  SHARED DISPOSITIVE POWER

 

  20,546,957 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  20,546,957 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  8.7%

12      

  TYPE OF REPORTING PERSON

 

  HC, CO


CUSIP No.

   G0750C108    13G    Page 6 of 12 Pages

 

  1       

  NAME OF REPORTING PERSON

 

  Government Employees Insurance Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  NONE

  6     

  SHARED VOTING POWER

 

  20,000,000 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

  NONE

  8     

  SHARED DISPOSITIVE POWER

 

  20,000,000 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  20,000,000 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  8.5%

12      

  TYPE OF REPORTING PERSON

 

  IC, CO

 

 


CUSIP No.

   G0750C108    13G    Page 7 of 12 Pages

 

  1       

  NAME OF REPORTING PERSON

 

  GEICO Advantage Insurance Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  NONE

  6     

  SHARED VOTING POWER

 

  546,957 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

  NONE

  8     

  SHARED DISPOSITIVE POWER

 

  546,957 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  546,957 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.2%

12      

  TYPE OF REPORTING PERSON

 

  IC, CO


CUSIP No.

   G0750C108    13G    Page 8 of 12 Pages

 

  1       

  NAME OF REPORTING PERSON

 

  Berkshire Hathaway Consolidated Pension Plan Master Trust

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  NONE

  6     

  SHARED VOTING POWER

 

  2,480,000 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

  NONE

  8     

  SHARED DISPOSITIVE POWER

 

  2,480,000 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,480,000 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.1%

12      

  TYPE OF REPORTING PERSON

 

  EP

 

 


Page 9 of 12 Pages

Item 1.

 

  (a)

Name of Issuer

Axalta Coatings Systems Ltd.

 

  (b)

Address of Issuer’s Principal Executive Offices

2001 Market Street, Philadelphia, PA 19103

Item 2(a). Name of Person Filing:

Item 2(b). Address of Principal Business Office:

Item 2(c). Citizenship:

 

Warren E. Buffett

3555 Farnam Street

Omaha, Nebraska 68131

United States Citizen

 

  

Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, Nebraska 68131

Delaware corporation

National Indemnity Company

3024 Harney Street

Omaha, Nebraska 68131

Nebraska corporation

 

  

GEICO Corporation

One GEICO Plaza

Washington, DC 20076

Delaware corporation

 

Government Employees Insurance Company

One GEICO Plaza

Washington, DC 20076

Nebraska corporation

 

  

GEICO Advantage Insurance Company

One GEICO Plaza

Washington, DC 20076

Nebraska corporation

 

  

Berkshire Hathaway Consolidated Pension Plan Master Trust

c/o Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, NE 68131

Nebraska


Page 10 of 12 Pages

 

  (d)

Title of Class of Securities

Common Stock

 

  (e)

CUSIP Number

G0750C108

Item 3. If this statement is filed pursuant to § 240.13d-1(b), or § 240.13d-2(b) or (c), check whether the person filing is a:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.), Berkshire Hathaway Inc. and GEICO Corporation are each a Parent Holding Company or Control Person, in accordance with § 240.13d-1(b)(1)(ii)(G).

National Indemnity Company, Government Employees Insurance Company and GEICO Advantage Insurance Company are each an Insurance Company as defined in section 3(a)(19) of the Act.

The Berkshire Hathaway Consolidated Pension Plan Master Trust is an Employee Benefit Plan in accordance with § 240.13d-1(b)(1)(ii)(F).

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a)

Amount beneficially Owned

See the Cover Pages for each of the Reporting Persons.

 

  (b)

Percent of Class

See the Cover Pages for each of the Reporting Persons.

 

  (c)

Number of shares as to which such person has:

 

  (i)

sole power to vote or to direct the vote

 

  (ii)

shared power to vote or to direct the vote


Page 11 of 12 Pages

 

  (iii)

sole power to dispose or to direct the disposition of

 

  (iv)

shared power to dispose or to direct the disposition of

See the Cover Pages for each of the Reporting Persons .

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

See Exhibit A.

Item 8. Identification and Classification of Members of the Group.

See Exhibit A.

Item 9. Notice of Dissolution of Group.

Not Applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


Page 12 of 12 Pages

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 16th day of February, 2021

 

/s/ Warren E. Buffett

Warren E. Buffett
BERKSHIRE HATHAWAY INC.
By:  

/s/ Warren E. Buffett

  Warren E. Buffett
  Chairman of the Board
NATIONAL INDEMNITY COMPANY, GEICO CORPORATION, GOVERNMENT EMPLOYEES INSURANCE COMPANY, GEICO ADVANTAGE INSURANCE COMPANY AND BERKSHIRE HATHAWAY CONSOLIDATED PENSION PLAN MASTER TRUST
By  

/s/ Warren E. Buffett

  Warren E. Buffett
  Attorney-in-Fact


SCHEDULE 13G

EXHIBIT A

RELEVANT SUBSIDIARIES AND MEMBERS OF FILING GROUP

PARENT HOLDING COMPANIES OR CONTROL PERSONS:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.)

Berkshire Hathaway Inc.

GEICO Corporation

INSURANCE COMPANIES AS DEFINED IN SECTION 3(a)(19) OF THE ACT:

National Indemnity Company

Government Employees Insurance Company

GEICO Advantage Insurance Company

EMPLOYEE BENEFIT PLANS IN ACCORDANCE WITH § 240.13d-1-(b)(1)(ii)(F)

Berkshire Hathaway Consolidated Pension Plan Master Trust


SCHEDULE 13G

EXHIBIT B

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Common Stock of Axalta Coatings Systems Ltd. may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Warren E. Buffett as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission.

 

Dated: February 16, 2021   

/s/ Warren E. Buffett

  
   Warren E. Buffett   
   Berkshire Hathaway Inc.   
Dated: February 16, 2021   

/s/ Warren E. Buffett

  
   By: Warren E. Buffett   
   Title: Chairman of the Board   
   National Indemnity Company   
Dated: February 16, 2021   

/s/ Marc D. Hamburg

  
   By: Marc D. Hamburg   
   Title: Chairman of the Board   
   GEICO Corporation   
Dated: February 16, 2021   

/s/ Todd A. Combs

  
   By: Todd A. Combs   
   Title: President   
   Government Employees Insurance Company   
Dated: February 16, 2021   

/s/ Todd A. Combs

  
   By: Todd A. Combs   
   Title: President   
   GEICO Advantage Insurance Company   
Dated: February 16, 2021   

/s/ Todd A. Combs

  
   By: Todd A. Combs   
   Title: President   
   Berkshire Hathaway Consolidated Pension Plan Master Trust   
Dated: February 16, 2021   

/s/ Mark D. Millard

  
   By: Mark D. Millard   
   Title: Vice President, Berkshire Hathaway Inc.