Boston Omaha Corporation filed a current report to furnish a shareholder presentation used at its Annual Meeting held on August 25, 2025. The company states that the full slide deck, titled "Shareholder Meeting Presentation dated August 25, 2025," is attached as Exhibit 99.1 and has also been posted on its website. The information in this presentation is being furnished under a disclosure item that keeps it from being treated as formally filed or automatically incorporated into other securities law filings unless specifically referenced.
Boston Omaha Corporation filed a Form 8-K reporting that on August 13, 2025 the company issued a press release titled "Boston Omaha Corporation Announces Second Quarter 2025 Financial Results" and posted a related presentation titled "Boston Omaha Q2 2025 Financial Results" on its website. The press release is attached as Exhibit 99.1 and the presentation as Exhibit 99.2; the filing notes that these exhibits and the related information on the website are furnished under General Instruction B.2 and are not deemed "filed" for purposes of Section 18 of the Exchange Act. The report is signed by Joshua P. Weisenburger on behalf of the registrant.
Boston Omaha Corporation reported consolidated total assets of $730,629,347 and total revenues of $55,934,164 for the six months ended June 30, 2025, compared with $52,640,514 in the prior-year period. The company recorded a consolidated net loss of $6,996,969 for the six months, compared with a net loss of $5,264,213 a year earlier. Net loss attributable to common stockholders for the six months was $2,989,368, reflecting a material change in allocation between consolidated loss and amounts attributable to noncontrolling interests.
Operating cash flow remained positive at $7,114,835 for the six months and the company ended the period with $46,840,136 in cash, cash equivalents, and restricted cash. Key drivers in the period included a large other investment loss of $9,573,102, improved equity in income of unconsolidated affiliates of $3,833,176, and capital investment that increased property and equipment to $167,471,673.
Boston Omaha Corporation (NYSE: BOC) has announced several significant changes in its latest 8-K filing. The company is changing its independent auditor from KPMG LLP to Deloitte & Touche LLP effective June 19, 2025, following a competitive selection process by the Audit Committee.
Key developments include:
- KPMG's previous audit reports for 2023-2024 contained no adverse opinions or modifications
- A material weakness in internal controls related to 24th Street Funds accounting was identified but remediated by December 31, 2023
- Joseph M. Meisinger has resigned as Chief Accounting Officer to focus full-time on his role as CEO of Boston Omaha Broadband, LLC
- The company's 2025 Annual Meeting is scheduled for August 25, 2025, at 10:00 AM CT at The Salvation Army Omaha Kroc Center, with in-person attendance only
There were no disagreements with KPMG on accounting principles or practices during their tenure. The transition to Deloitte will begin with the fiscal year ending December 31, 2025.