Welcome to our dedicated page for BOSTON OMAHA SEC filings (Ticker: BOC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Boston Omaha Corporation filings document the regulatory record for a Delaware holding company whose Class A common stock trades on the New York Stock Exchange under BOC. Recent Form 8-K reports cover financial results and financial presentations furnished under Regulation FD and Item 2.02, annual letters, and exhibits tied to quarterly and annual reporting.
The filings also record capital-structure and governance matters, including authorization of a Class A common stock repurchase program, executive compensation arrangements, annual meeting vote results, director elections, auditor ratification, and advisory votes on executive compensation. These disclosures sit alongside the company’s broader operating profile in billboard advertising, broadband services, surety insurance, asset management, and investment holdings.
Dimensional Fund Advisors reported beneficial ownership of 1,427,553 shares of Boston Omaha Corp common stock, representing 4.8% of the class. The position is reported as Ownership of 5 percent or less of a class under Schedule 13G.
Dimensional has sole voting power over 1,396,422 shares and sole dispositive power over 1,427,553 shares, with no shared voting or dispositive power. The shares are owned by underlying funds and accounts advised by Dimensional and its subsidiaries, and Dimensional disclaims beneficial ownership except for purposes of Section 13(d) of the Securities Exchange Act of 1934.
Boston Omaha Corporation is asking stockholders to vote at its 2026 Annual Meeting on August 21, 2026 in Omaha. Stockholders will elect six directors, ratify Deloitte & Touche LLP as auditor for the year ending December 31, 2026, and approve a non-binding advisory vote on executive pay. The Board recommends voting “FOR” all three proposals.
As of June 30, 2026, there were 29,634,239 Class A and 580,558 Class B shares outstanding; Class A has one vote per share and Class B has 10. Magnolia Capital Fund and related entities controlled 32.15% of total voting power and intend to vote for all Board recommendations.
CEO Adam Peterson earned total compensation of $671,164 in 2025, primarily a $639,000 salary, which increased to $739,000 in 2026. CFO Joshua Weisenburger earned $568,668, including a $335,000 salary and performance-based bonus paid in cash and Class A stock. The 2025 CEO pay ratio was 6.93 to 1. The filing also describes a Clawback Policy, insider trading and hedging restrictions, and a long-term incentive plan with 1,399,441 Class A shares available for future awards as of June 30, 2026.
Boston Omaha Corporation has set its 2026 Annual Meeting of Stockholders for August 21, 2026, to be held in person at Hotel Indigo in Omaha, Nebraska. The formal meeting begins at 10:00 a.m. Central Time, with doors opening at 9:00 a.m.
The record date for shareholders entitled to notice and voting rights is June 30, 2026. Because the meeting date falls within 30 days of the 2025 meeting anniversary, the existing deadlines under the Company’s bylaws applied, and no stockholder proposals or director nominations were received by the April 27, 2026 cutoff.
Boston Omaha Corporation, through its wholly owned subsidiary FIF Utah, LLC, received final funding approval from the U.S. Department of Agriculture under the Rural Utilities Service ReConnect Program. The package consists of an $11,484,706 loan and an $11,484,706 grant to deploy fiber broadband to about 3,000 locations in FIF Utah’s qualifying markets.
The loan is structured as long-term debt available in multiple drawdowns over up to five years, with a 20-year term at the applicable U.S. Treasury rate at each draw. Interest and principal payments are deferred for three years from each drawdown date and then amortized over the remaining term. Boston Omaha has unconditionally guaranteed all sums due under the loan, with further guaranty details to be provided in its Form 10-Q for the period ended June 30, 2026.
Boston Omaha Corp director Frank H. Kenan II, through investment vehicle KD Capital, L.P., reported open-market purchases totaling 50,752 shares of Class A common stock between May 28 and June 1, 2026. Reported purchase prices ranged from about $12.89 to roughly $13.37 per share. After these buys, one KD Capital account holds 315,991 shares indirectly. The filing also notes additional indirect holdings through a trust and direct holdings in individual retirement accounts for Mr. Kenan.
BOSTON OMAHA Corp director Jeffrey C. Royal reported a series of open-market share purchases of Class A common stock. On May 22, 26, and 27, 2026, entities associated with him bought a total of 41,046 shares at prices around the low‑$12 range per share.
Indirectly held shares were purchased and held through Dundee BanCo, Inc., which directly owns those shares. Royal is an officer of Dundee BanCo, Inc. and disclaims beneficial ownership of its holdings except for his pecuniary interests. He also bought shares directly, bringing his directly owned position to 69,644 shares and his indirectly owned position to 31,046 shares after these transactions.
Boston Omaha Corporation has signed a definitive Securities Purchase Agreement to sell its surety insurance business, General Indemnity Group (GIG), to CopperPoint Insurance Company in an all-cash deal valued at $84,308,757.68. CopperPoint will acquire 100% of GIG’s equity interests.
About 93% of the net sale proceeds are expected to go to Boston Omaha, with the balance to GIG’s senior management, and a portion of the price will be held in escrow for two years. Before closing, GIG will return 2,673,831 shares of Sky Harbour Class A common stock and distribute a $326,982 cash dividend to Boston Omaha. GIG generated $27.2 million of total revenue for the year ended December 31, 2025, and the transaction is targeted to close in the second half of 2026, subject to regulatory and customary approvals.
Boston Omaha Corporation reported first quarter 2026 results with total revenues of $28,249k, slightly above $27,730k a year earlier, driven by relatively stable billboard, broadband, and insurance revenues.
The company posted a net loss from operations of $(2,188k) versus $(798k) in 2025, and a net loss attributable to common stockholders of $(2,149k) or $(0.07) per share, compared to $(670k) or $(0.02) per share.
At March 31, 2026, Boston Omaha held unrestricted cash and investments of $48,394k, total assets of $696,159k, and total stockholders’ equity of $509,221k. The Sky Harbour Class A common stock and warrants investment was carried at $77.8M, while management notes a $117.8M value if the common stock were measured at quoted market prices.
Cash inflow from operations improved to $3.9M from $2.6M a year earlier. During the quarter, the company repurchased 375,286 Class A shares on the open market for $4.8M, with book value per share at $16.61 on March 31, 2026.
Boston Omaha Corporation reported a larger quarterly loss despite slightly higher revenue for the three months ended March 31, 2026. Total revenue rose to $28.2 million from $27.7 million, driven mainly by steady billboard rentals of $11.0 million and broadband services of $10.8 million. Insurance-related revenues, including premiums and commissions, contributed about $6.1 million.
Costs and expenses increased to $30.4 million from $28.5 million, with insurance cost of revenues rising to $4.7 million and higher professional fees. The company recorded an equity loss from unconsolidated affiliates of $1.7 million and net other investment income of $1.0 million. Net loss attributable to common stockholders widened to $2.1 million from $0.7 million, or a basic and diluted net loss per share of $0.07 versus $0.02 a year earlier.
Despite the loss, operating activities generated $3.9 million of cash, up from $2.6 million, helped by non-cash depreciation and amortization. Total cash, cash equivalents and restricted cash were $44.9 million as of March 31, 2026, while total assets were $696.2 million and total equity was $523.2 million. During the quarter, the company repurchased 375,286 Class A shares for approximately $4.8 million under its 2025 share repurchase program.
Boston Omaha Corporation filed an amendment to its annual report to add full Part III information on directors, executive pay, ownership, related-party policies and auditor fees instead of using a later proxy statement. The company is a non-accelerated filer and, for this filing, uses smaller reporting company disclosure requirements.
As of April 21, 2026, there were 29,956,651 shares of Class A common stock and 580,558 shares of Class B common stock outstanding, with Class B carrying 10 votes per share. Adam Peterson serves as President, Chairman and Chief Executive Officer, earning a $639,000 salary in 2025, rising to $739,000 from January 1, 2026. Independent directors received $60,000 in Class A stock for 2025 board service, and the board maintains insider trading, clawback and related-party review policies alongside three standing committees overseeing audit and risk, compensation, and nominations and governance.