DaVita Inc. Files 8-K for Material Definitive Agreement

TL;DR

DaVita just signed a big deal, filing an 8-K on it.

AI Summary

On April 30, 2024, DaVita Inc. entered into a Material Definitive Agreement. The filing does not provide specific details on the agreement or any associated dollar amounts, but it indicates a significant event for the company.

Why It Matters

This filing signals a significant contractual development for DaVita Inc., which could impact its operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.

Key Players & Entities

• DAVITA INC. (company) — Registrant
• April 30, 2024 (date) — Date of earliest event reported
• 2000 16th Street Denver, CO 80202 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — nge on which registered: Common Stock, $0.001 par value DVA New York Stock Exchange

Filing Documents

• dva-20240430.htm (8-K) — 30KB
• ex101-brksharerepurchaseag.htm (EX-10.1) — 52KB
• 0000927066-24-000083.txt ( ) — 215KB
• dva-20240430.xsd (EX-101.SCH) — 2KB
• dva-20240430_lab.xml (EX-101.LAB) — 21KB
• dva-20240430_pre.xml (EX-101.PRE) — 12KB
• dva-20240430_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On April 30, 2024, DaVita Inc. (the "Company") entered into a letter agreement (the "Share Repurchase Agreement") with Berkshire Hathaway Inc., on behalf of itself and its Affiliates (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) (collectively, "Investor"), the largest stockholder of the Company. Pursuant to the Share Repurchase Agreement, at any time Investor beneficially owns at least 45.0% of the issued and outstanding common stock of the Company (the "Common Stock") in the aggregate, the Company shall repurchase from Investor, and Investor shall sell to the Company, on a quarterly basis, a number of shares of Common Stock sufficient to return Investor's aggregate beneficial ownership to 45.0% of the issued and outstanding Common Stock. The per share price the Company will pay Investor in connection with any such repurchase will be the volume-weighted average per share price paid by the Company for any shares of Common Stock repurchased by the Company from public stockholders pursuant to the Company's share repurchase plan during the applicable repurchase period. Repurchases of shares of Common Stock by the Company from Investor under the Share Repurchase Agreement will occur on the date that is two business days prior to the date of the Company's regular quarterly or annual (as applicable) investor call to report earnings (as publicly announced by the Company); however, if at any time the Company determines that Investor owns or will own (whether of record or beneficially) shares of Common Stock representing more than 49.5% of the issued and outstanding Common Stock in the aggregate, such determination will trigger immediate share repurchases by the Company under the Share Repurchase Agreement. In addition, pursuant to the Share Repurchase Agreement, Investor also agreed that it would cause any share of Common Stock that it beneficially owns in excess of 40% of the aggreg

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Share Repurchase Agreement, dated as of April 30, 2024, by and between DaVita Inc. and Berkshire Hathaway Inc. 104.0 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DAVITA INC. Date: May 1, 2024 By: /s/ Kathleen A. Waters Kathleen A. Waters Chief Legal and Public Affairs Officer

View Full Filing

View this 8-K filing on SEC EDGAR