Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), opted against hosting a press conference following his company’s annual meeting in May.

“We have decided to cancel Sunday’s press conference due to time constraints,” Carrie Kizer, Buffett’s assistant, said today in an e-mail. The annual meeting is held in Omaha, Nebraska.

Buffett, 81, and Vice Chairman Charles Munger, 88, are scheduled to preside over the Berkshire shareholders’ meeting on Saturday, May 5. In past years, reporters from the U.S. and around the world have attended a press event with the two men the following day. In 2010, Berkshire discontinued an event it had previously held for non-U.S. shareholders.

Buffett will take questions from a panel of three journalists and three financial analysts at the shareholders’ meeting. The journalists have been instructed to choose questions submitted by shareholders.

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net