secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001437749-24-017695
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774924017695/0001437749-24-017695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774924017695/bomn20240520_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017695

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer