Welcome to our dedicated page for Boston Omaha news (Ticker: BOC), a resource for investors and traders seeking the latest updates and insights on Boston Omaha stock.
Boston Omaha Corporation (NYSE: BOC) is a public holding company with majority owned businesses in outdoor advertising, broadband telecommunications services, surety insurance, and asset management. Its news flow reflects this mix of operations, combining updates on billboard rentals, broadband services, insurance activities, and investment performance with corporate governance and capital allocation announcements.
Investors following BOC news will see regular quarterly and annual financial results released in connection with the company’s Forms 10-Q and 10-K filed with the Securities and Exchange Commission. These releases break out revenues from Billboard Rentals, Net; Broadband Services; Premiums Earned; Insurance Commissions; and Investment and Other Income, and discuss items such as net loss from operations, net other income or expense, and book value per share.
Boston Omaha also issues news on capital allocation decisions, including share repurchase activity and Board-approved stock repurchase programs for its Class A common stock. Corporate governance developments, such as appointments and resignations of directors, changes in the independent registered public accounting firm, and details of the annual meeting of stockholders, are reported through press releases and related Form 8-K filings.
Because Boston Omaha owns General Indemnity Group, an insurance holding company focused on the surety insurance sector, news can also highlight performance within that subsidiary, including revenue and net income trends, restructuring of insurance agencies, and technology platforms used in surety bond distribution.
This news page aggregates these disclosures so readers can review BOC’s earnings announcements, insurance and broadband updates, investment commentary related to holdings such as Sky Harbour Group Corporation, and key governance and capital markets events in one place.
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Boston Omaha Corporation (NYSE: BOC) announced its financial results for the fiscal year ended December 31, 2022. Total revenues reached $81,234,194, a significant increase from $56,971,811 in 2021. Notable revenue contributors include Billboard Rentals at $39,244,726 and Broadband Services at $28,627,271. However, the company reported a net loss from operations of (5,229,895), an improvement from (23,766,869) in 2021. As of year-end, total assets stood at $683,717,859, with total liabilities of $157,068,480.
Boston Omaha Corporation (NYSE: BOC) has scheduled its 2023 Annual Meeting of Stockholders on May 8, 2023, at the Durham Museum in Omaha, Nebraska, beginning at 9:00 a.m. Central Time. Notably, this year's meeting is over 30 days before the anniversary of the 2022 meeting, prompting a revised deadline for stockholder proposals and director nominations, which is now March 1, 2023. Proposals must comply with SEC regulations and the company's bylaws. Boston Omaha operates in sectors including outdoor advertising, surety insurance, broadband telecommunications, and asset management.
Boston Omaha Asset Management (BOAM) has expanded its team to further grow its investment management business in 2023, particularly in the build-for-rent sector. New leadership includes Brendan Keating as co-Managing Partner alongside Adam Peterson and Alex Rozek. BOAM has also appointed Mark Burgers as COO, Jessica Hayes as Chief Compliance Officer, and Christian Silva as an Associate. These strategic hires aim to strengthen operations and enhance investor relations, supporting the company in launching new funds and managing existing assets.
Boston Omaha Broadband has appointed Frank DeJoy as its new Chief Operating Officer. DeJoy brings over 30 years of experience in telecommunications, including a successful tenure at AT&T where he led the first wireless data network unit to over $1B in annual recurring revenue. His focus will be on enhancing business operations as Boston Omaha Broadband continues its expansion across 17 states, serving over 40,000 subscribers. CEO Steven McGhie emphasized DeJoy's potential to improve efficiency and synergy within the company's fiber business.