other material
confidence high
sentiment neutral
materiality 0.50
Boston Omaha subsidiary BOAM enters services agreement with Keating for asset wind down
BOSTON OMAHA Corp
- Services Agreement with Local Asset Management (owned by Brendan Keating) for winding down BOAM; Keating's employment terminated.
- Monthly fee $45,833 ($550k/yr) decreases as BOAM assets sold; initial gross asset value $89.9M; expected cost savings.
- Separation Agreement waives non-solicitation/non-recruitment covenants; Keating retains Asset Management Information.
- Keating remains on Boston Omaha Board of Directors.
- Rozek Separation Agreement (May 9) now effective after no revocation within 7-day period.