secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001437749-24-023480
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Omaha Corp authorizes $20M share repurchase program through Sep 2025
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- Board approved $20M repurchase of Class A common stock effective Aug 15, 2024 to Sep 30, 2025.
- Repurchases allowed via open market, privately-negotiated transactions, or Rule 10b5-1 trading plans.
- CEO Adam Peterson cites stock trading at 'meaningful discount' to intrinsic value as rationale.
- Program limited to 25% of average daily volume over prior 20 trading days; no obligation to buy.
- Buyback adds to capital allocation flexibility alongside investing in existing businesses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774924023480/0001437749-24-023480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774924023480/bomn20240724_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023480

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