secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0001437749-23-000877
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Omaha Asset Management expands to manage third-party capital; launches build-for-rent fund
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- BOAM amended operating agreement to grant Class C profits interest units to CEOs Keating, Peterson, and Rozek as incentive compensation for third-party-funded assets.
- First fund: Boston Omaha Build for Rent (BFR), structured as a REIT, will combine BOC capital with outside investors to own and operate residential rental homes.
- BOAM to earn management fees and carried interest from fund profits, potentially avoiding equity dilution at BOC.
- Brendan Keating hired as Co-Managing Partner of BOAM; additional hires: Butch Burgers (COO), Jessica Hayes (CCO), Christian Silva (Associate).
- Keating services agreement: $250,000 base salary plus Class C profits interest units; bonus payable two-thirds cash, one-third BOC Class A stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923000877/0001437749-23-000877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923000877/bomn20230106_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-000877

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