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 reports developments for a diversified holding company with operations in outdoor billboard advertising, broadband services, surety insurance and related brokerage, asset management, and minority equity investments. News commonly centers on annual and quarterly financial results tied to Form 10-K and Form 10-Q filings, including segment performance, investment holdings, and noncontrolling interests in real estate funds.
Company updates also cover capital allocation actions such as Class A common stock repurchases, annual stockholder meeting matters, and subsidiary activity at General Indemnity Group, which includes United Casualty & Surety Insurance Company and BOSS Bonds Insurance Agency in the surety insurance sector.
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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.
Boston Omaha Broadband has announced the appointment of Max Meisinger as its Chief Financial Officer (CFO). Meisinger will also maintain his role as Chief Accounting Officer at Boston Omaha Corporation (NYSE:BOC). His extensive experience and successful track record since joining the company are expected to enhance financial oversight and support the growth of Boston Omaha Broadband, which operates in 17 states and has over 40,000 subscribers.