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.
Boston Omaha Corporation reported full-year 2025 results, with total revenues of $114.4 million, up from $108.3 million in 2024. Core revenue streams were billboard rentals, broadband services, premiums earned, and insurance commissions.
The company recorded a net loss from operations of $3.9 million, improved from a $8.5 million loss, but net loss attributable to common stockholders widened to $12.4 million, compared with $1.3 million in 2024, largely due to net other expense of $14.5 million. That expense reflected unrealized losses and fair value changes on investments, partly offset by income from unconsolidated affiliates and realized gains on Sky Harbour shares.
Boston Omaha ended 2025 with $50.2 million in total unrestricted cash and investments, operating cash inflow of $17.9 million, and book value per share of $16.63. During 2025 it repurchased 444,753 Class A shares for $5.8 million, and held 30.5 million Class A and 0.6 million Class B shares outstanding as of December 31, 2025.
Boston Omaha Corporation files its annual report describing a diversified business spanning outdoor billboards, broadband services, surety insurance and asset management, along with minority stakes in real estate, banking and private aviation infrastructure.
The company has invested over $530 million since 2015 to build these platforms, operates about 3,900 billboards and serves roughly 49,500 broadband customers. It remains loss-making, with net operating losses of about $3.9 million in 2025 and $8.5 million in 2024, funded largely through equity raises and credit facilities at its billboard and broadband subsidiaries.
Boston Omaha highlights a new $30 million Class A share repurchase program, of which roughly $5.8 million was used in 2025. It also discloses federal ReConnect and BEAD broadband awards totaling about $37 million to extend fiber networks, alongside detailed discussion of leverage, regulation, goodwill risks and reliance on the value of its significant Sky Harbour investment.
Boston Omaha Corporation reported a change in executive compensation for its President and Chief Executive Officer, Adam K. Peterson. The board’s Compensation Committee approved an increase in his base salary to $739,000 per year, with the change effective retroactively to January 1, 2026.
Mr. Peterson’s base salary was last increased in January 2023, so this adjustment updates his cash compensation after more than two years. The filing does not describe other changes to his role or to broader executive pay programs.
Boston Omaha Corporation’s Chief Financial Officer Joshua P. Weisenburger reported stock-based compensation in the form of Class A common shares. On February 12, 2026, he received a grant of 4,061 fully vested shares as a bonus for services performed in 2025 under the 2022 Long-Term Incentive Plan.
On the same date, 742 of these shares were automatically withheld at a price of $12.31 per share to cover required tax withholdings, based on the New York Stock Exchange closing price. After these transactions, he directly owned 29,500 Class A common shares.
Boston Omaha Corporation reported that 238 Plan Associates LLC and the Massachusetts Institute of Technology, through MIT Investment Management Company, together beneficially own 1,602,449 shares of Boston Omaha’s Class A common stock. This represents 5.2% of the outstanding Class A shares. The filing states that MIT is the non-member manager of 238 Plan Associates and that the shares are held directly by MIT and 238 Plan Associates. The reporting persons certify that the shares were not acquired and are not held for the purpose of changing or influencing control of Boston Omaha.
Boston Omaha Corporation director reports corrected insider stock purchase. A company director filed an amended ownership report to fix an administrative error in a prior filing. The director purchased 10,000 shares of Boston Omaha Class A common stock on December 1, 2025 at a price of $12.7199 per share. After this transaction, the director beneficially owns 59,644 Class A shares in direct form. This amendment updates the transaction code to “P” to correctly show that the trade was a purchase rather than the previously reported code.
Boston Omaha Corporation director Thomas Burt reported an insider share purchase and corrected a prior filing. An earlier report filed on December 15, 2025 inadvertently used the wrong transaction code; this amendment changes the code to “P” to show the transaction was a purchase, not an acquisition coded as “A”.
On December 11, 2025, Burt bought 14,738 shares of Boston Omaha Class A common stock at an average price of $13.6241 per share, through multiple trades within a price range of $13.4478 to $13.6321. Following this transaction, he directly owns 21,632 shares of the company’s Class A common stock.
Boston Omaha Corporation director Frank H. Kenan II reported multiple open-market purchases of Class A common stock in early December 2025, and filed this amendment to correct an earlier transaction code. The filing changes the code for a prior entry to "P" for a purchase, instead of "A".
Through investment vehicle KD Capital, L.P., Kenan reported buying 44,196 shares on December 1, 2025 at an average price of $12.6735 per share, 6,496 shares on December 2 at $12.6736, and 16,743 shares on December 3 at $12.9413, all in multiple transactions within disclosed price ranges. Additional purchases include 4,452 shares on December 2 in individual retirement accounts at $12.65 per share and 8,000 shares on December 3 in a trust at an average of $12.919 per share.
The filing states that KD Capital and a trust directly hold the reported shares, while Kenan may be deemed to have indirect beneficial ownership through his control of the general partner of KD Capital and his role as trustee and beneficiary of the trust.
Boston Omaha Corporation director reports corrected insider stock purchase. A company director filed an amended beneficial ownership report to fix an administrative error in the previously reported transaction code. The filing now shows that on 12/01/2025 the director purchased 10,000 shares of Boston Omaha Class A common stock at a price of $12.7199 per share. Following this transaction, the director beneficially owns 59,644 shares of Class A common stock in direct ownership. The amendment clarifies that the correct transaction code is "P" (open market or private purchase) instead of "A" (grant, award or other acquisition).