Co-CEO Alex Rozek departs; Adam Peterson becomes sole Chair and CEO; company repurchases $19M in shares

BOSTON OMAHA Corp

Alex Rozek resigns as Co-CEO and Co-Chair effective May 9, 2024; Adam Peterson named sole Chairman and CEO.
Company repurchases 210,000 Class A, 527,780 Class B shares and 51,994 warrants for ~$19.1M in cash and Sky Harbour shares.
Rozek receives separation: 200,000 Sky Harbour shares, $960,000 severance (18 months), $75,000 benefits, $250,000 non-compete.
Rozek forfeits BOAM Class C units; Boulderado removed from Voting Agreement with Magnolia.
Company to focus on expanding margins in existing lines (billboards, surety, fiber) and forgo new significant acquisitions near-term.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Adam K. Peterson

Chairman and Chief Executive Officer

BOC · BOSTON OMAHA Corp

Effective: 2024-05-09
Filed: May 10, 2024, 7:59 PM ET

the Board appointed Adam K. Peterson as the sole Chairman and sole Chief Executive Officer of the Company, succeeding Mr. Rozek

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Adam K. Peterson was appointed as Chairman and Chief Executive Officer at BOSTON OMAHA Corp.

Action: appointed
Role: Chairman and Chief Executive Officer

Exact text from the filing

the Board appointed Adam K. Peterson as the sole Chairman and sole Chief Executive Officer of the Company, succeeding Mr. Rozek

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BOSTON OMAHA Corp filing history →

Source: SEC EDGAR

accession 0001437749-24-015812

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