# EDGAR Filing Document

**Accession Number:** 0001494582
**File Stem:** 0001437749-26-017073
**Filing Date:** 2026-5
**Character Count:** 15641
**Document Hash:** 09a0cac5101202e19537175f55227d24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-017073.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001437749-26-017073

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 28

**CONFORMED PERIOD OF REPORT**: 20260514

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOSTON OMAHA Corp
- **CENTRAL INDEX KEY:** 0001494582
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 270788438
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38113
- **FILM NUMBER:** 26979499

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 DODGE STREET
- **STREET 2:** SUITE 3300
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102
- **BUSINESS PHONE:** 857-256-0079

**MAIL ADDRESS:**
- **STREET 1:** 1601 DODGE STREET
- **STREET 2:** SUITE 3300
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** REO PLUS, INC.
- **DATE OF NAME CHANGE:** 20100618

?xml version='1.0' encoding='ASCII'? bomn20260512_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM**8-K**

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): (May 14, 2026)

---

| | | |
|:---|:---|:---|
| **BOSTON OMAHA CORPORATION** | **BOSTON OMAHA CORPORATION** | **BOSTON OMAHA CORPORATION** |
| (Exact name of registrant as specified in its Charter) | (Exact name of registrant as specified in its Charter) | (Exact name of registrant as specified in its Charter) |
| **Delaware** | **001-38113** | **27-0788438** |
| (State or other jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
| **1601 Dodge Street, **Suite 3300**<br> **Omaha,**Nebraska68102**<br> (Address and telephone number of principal executive offices, including zip code) | **1601 Dodge Street, **Suite 3300**<br> **Omaha,**Nebraska68102**<br> (Address and telephone number of principal executive offices, including zip code) | **1601 Dodge Street, **Suite 3300**<br> **Omaha,**Nebraska68102**<br> (Address and telephone number of principal executive offices, including zip code) |
| <br> **(**857**)**256-0079**<br> (Registrant's telephone number, including area code) | <br> **(**857**)**256-0079**<br> (Registrant's telephone number, including area code) | <br> **(**857**)**256-0079**<br> (Registrant's telephone number, including area code) |
| <br> Not Applicable<br> (Former name or address, if changed since last report) | <br> Not Applicable<br> (Former name or address, if changed since last report) | <br> Not Applicable<br> (Former name or address, if changed since last report) |

---

Securities registered under Section 12(b) of the Exchange Act:

---

| | | |
|:---|:---|:---|
| Title of Class | Trading Symbol | Name of Exchange on Which Registered |
| Class A common stock,<br> $0.001 par value per share | BOC | The New York Stock Exchange |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of Registrant under any of the following provisions (see General Instruction A.2. below):

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **ITEM 2.02** | **RESULTS OF OPERATIONS AND FINANCIAL CONDITION.** |

---

On May 14, 2026, Boston Omaha Corporation (the "Company") issued a press release entitled "Boston Omaha Corporation Announces First Quarter 2026 Financial Results" (the "Press Release"). The full text of the Press Release is attached to this Current Report on Form 8-K as Exhibit 99.1. The Press Release was also simultaneously filed on the Company's website. On the same date, the Company filed on its website a presentation entitled "Boston Omaha Q1 2026 Financial Results" (the "Presentation"). A copy of the Presentation is attached to this Current Report on Form 8-K as Exhibit 99.2. The Press Release also provides information as to the location of the Presentation on the Company's website. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

---

| | |
|:---|:---|
| **ITEM 9.01**  | **FINANCIAL STATEMENTS AND EXHIBITS** |

---

(d) Exhibits. The Exhibit Index set forth below is incorporated herein by reference.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit**<br> <u>**Number**</u> | <u>**Exhibit Title**</u> |
| 99.1 | [Press release dated May 14, 2026 titled "Boston Omaha Corporation Announces First Quarter 2026 Financial Results."](ex_962585.htm) |
| 99.2 | [Presentation dated May 14, 2026 titled "Boston Omaha Q1 2026 Financial Results"](ex_962590.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| BOSTON OMAHA CORPORATION<br> (Registrant) | BOSTON OMAHA CORPORATION<br> (Registrant) |
| By:  | /s/ Joshua P. Weisenburger |
|  | Joshua P. Weisenburger, |

---

Date: May 14, 2026

## Exhibit 99.1

**Exhibit 99.1**

**BOSTON OMAHA CORPORATION ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS**

Omaha, Nebraska (Business Wire) May 14, 2026

Boston Omaha Corporation (NYSE: BOC) (the "Company", "we", or "our") announced its financial results for the first quarter ended March 31, 2026, in connection with filing its Quarterly Report on Form 10-Q with the Securities and Exchange Commission.

We show summary financial data below for the first quarter of 2026 and 2025. Our Quarterly Report on Form 10-Q can be found at <u>www.bostonomaha.com</u>. A supplemental presentation providing additional financial information for the first quarter of 2026 can be found on our investor relations website at <u>https://investor.bostonomaha.com</u>. We believe that it is important for shareholders to read the supplemental presentation as, in management's opinion, it provides additional information on business metrics we use in gauging the performance of each of our three principal business units and investments.

---

| | | |
|:---|:---|:---|
| *($ in thousands)* | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **March 31,** | **March 31,** |
|  | **2026** | **2025** |
| Billboard Rentals, Net | $10973 | $10764 |
| Broadband Services | 10750 | 10320 |
| Premiums Earned | 5457 | 5564 |
| Insurance Commissions | 631 | 579 |
| Investment and Other Income | 438 | 503 |
| Total Revenues | 28249 | 27730 |
| Depreciation and Amortization Expense | 6323 | 5938 |
| Net Loss from Operations | (2188) | (798) |
| Net Other Expense | (1037) | (1817) |
| Net Loss Attributable to Common Stockholders | $(2149) | $(670) |
| Basic and Diluted Net Loss per Share | $(0.07) | $(0.02) |

---

---

| | | |
|:---|:---|:---|
|  | **March 31,**  | **December 31,**  |
|  | **2026** | **2025** |
| Total Unrestricted Cash & Investments <sup>(1)</sup> | $48394 | $50162 |
| Total Assets | 696159 | 713073 |
| Total Liabilities | 172991 | 177000 |
| Total Boston Omaha Stockholders' Equity | 509221 | 516137 |
| Noncontrolling Interests <sup>(2)</sup> | 13947 | 19936 |
| Total Equity | $523168 | $536073 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Investments consist of U.S. Treasury securities classified as trading securities and marketable equity securities. Marketable equity securities excludes Sky Harbour Group Corporation ("Sky Harbour") Class A common stock as we account for our 15.3% stake (as measured at March 31, 2026) under the equity method.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Noncontrolling interests are primarily related to third party capital raised within our Build for Rent Fund as well as within our 24<sup>th</sup> Street commercial real estate funds.

------

During the first quarter of 2026, we had net other expense of $1.0 million, which included a $1.7 non-cash loss from unconsolidated affiliates mainly related to our equity method position in Sky Harbour, a loss of $0.4 million primarily related to the changes in the fair value of the underlying assets within the 24th Street Funds, and interest expense of $0.6 million. These items were partially offset by a realized gain of $1.0 million from the sale of investments at GIG, a $0.4 million unrealized gain on the Sky Harbour warrants held by Boston Omaha, and interest and dividend income of $0.3 million.

Our investment in Sky Harbour Class A common stock and warrants was valued at $77.8 million on our consolidated balance sheet as of March 31, 2026. If our investment in Sky Harbour Class A common stock was accounted for at fair value based on its quoted market price (currently valued using equity method accounting), then our total investment in Sky Harbour Class A common stock and warrants would be valued at $117.8 million as of March 31, 2026.

Cash inflow from operations for the three months ended March 31, 2026 was $3.9 million, compared to a cash inflow of $2.6 million for the three months ended March 31, 2025.

During the first quarter of 2026, we repurchased 375,286 shares of our Class A common stock on the open market for a total cost of $4.8 million.

Our book value per share was $16.61 at March 31, 2026, compared to $16.63 at December 31, 2025.

As of March 31, 2026, we had 30,085,520 shares of Class A common stock and 580,558 shares of Class B common stock outstanding.

As of May 13, 2026, we had 29,823,849 shares of Class A common stock and 580,558 shares of Class B common stock outstanding.

**About Boston Omaha Corporation**

Boston Omaha Corporation is a public holding company with four majority owned businesses engaged in outdoor advertising, broadband telecommunications services, surety insurance and asset management.

**Forward-Looking Statements**

Any statements in this press release about the Company's future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, total revenue, as well as other statements containing the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," or "would" and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the Company's forward-looking statements, and you should not place undue reliance on the Company's forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes as a result of a variety of risks and uncertainties, including risks related to the Company's estimates regarding the potential market opportunity for the Company's current and future products and services, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully integrate acquired businesses, the effect of a loss of, or financial distress of, any reinsurance company which reinsures the Company's insurance operations, the risks associated with our investments in both publicly traded securities and privately held businesses, our history of losses and ability to maintain profitability in the future, the Company's expectations regarding the Company's sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the "Risk Factors" sections of the Company's public filings with the Securities and Exchange Commission (the "SEC") on Form 10-K for the year ended December 31, 2025, as well as other risks and uncertainties which may be described in any subsequent quarterly report on Form 10-Q filed by the Company, and the other reports the Company files with the SEC. Copies of our SEC filings are available on our website at www.bostonomaha.com. In addition, the forward-looking statements included in this press release represent the Company's views as of the date hereof. The Company anticipates that general economic conditions and subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date hereof.

Our investor relations website, <u>https://investor.bostonomaha.com</u>, serves as a comprehensive resource for investors. We strongly encourage its use for easy access to information about the Company. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information, and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.

Contacts:

Boston Omaha Corporation

Josh Weisenburger, 402-210-2633

<u>contact@bostonomaha.com</u>

## Exhibit 99.2

**Exhibit 99.2**

![b1.jpg](b1.jpg)

------

![b2.jpg](b2.jpg)

------

![b3.jpg](b3.jpg)

------

![b4.jpg](b4.jpg)

------

![b5.jpg](b5.jpg)

------

![b6.jpg](b6.jpg)

------

![b7.jpg](b7.jpg)

------

![b8.jpg](b8.jpg)

------

![b9.jpg](b9.jpg)

------

![b10.jpg](b10.jpg)

------

![b11.jpg](b11.jpg)

------

![b12.jpg](b12.jpg)

------

![b13.jpg](b13.jpg)

------

![b14.jpg](b14.jpg)