---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-017695"
form_type: "8-K"
ticker: "BOC"
cik: "0001494582"
company_name: "BOSTON OMAHA Corp"
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T12:35:07.780765+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BOC 2023 letter: co-CEO Rozek exits, billboard EBITDA up 14%, broadband net loss widens

## Summary
- Co-CEO Alex Rozek departs; company moves to single-CEO structure, saving on long-term dual CEO costs.
- Billboard: revenue $42.9M (+4% YoY), EBITDA $16.0M (+14% YoY), land costs fell to 18.6% of revenue.
- Broadband: 43K subs (9.6K fiber), 26.6K fiber passings; revenue $35.3M, net loss $7.0M (vs $2.7M loss in 2022).
- Insurance: GIG record gross written premium $18.8M, revenue $17.7M, net income $2.1M (vs loss $2.5M in 2022).
- Stock CAGR 5.5% over 9 years; management believes stock undervalues underlying business value.

## SEC filing metadata
- accession: 0001437749-24-017695
- form_type: 8-K
- ticker: BOC
- cik: 0001494582
- company_name: BOSTON OMAHA Corp
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494582/000143774924017695/0001437749-24-017695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494582/000143774924017695/bomn20240520_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-017695
- JSON: https://secwatch.observer/filing/0001437749-24-017695.json
- Plain text: https://secwatch.observer/filing/0001437749-24-017695.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.