secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001437749-24-017381
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Omaha subsidiary BOAM enters services agreement with Keating for asset wind down
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774924017381/0001437749-24-017381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774924017381/bomn20240516_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017381

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