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Boston Omaha Broadband Promotes J. Max Meisinger as President and Chief Executive Officer of Broadband Division

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Boston Omaha (NYSE: BOC) has announced leadership changes in its broadband division, Boston Omaha Broadband (BOB). J. Max Meisinger, previously CFO of BOB, has been promoted to President and CEO, replacing Steve McGhie, who is stepping down to focus on personal interests but will remain as a consultant. BOB serves over 44,000 subscribers in Arizona and Utah, and provides broadband services to large-scale new home developments in Florida and other states.

Meisinger, who joined Boston Omaha in 2019, brings extensive financial and leadership experience to his new role. The company believes his skills will help BOB achieve significant growth and improved operating profitability. Key team members Mark Burgers and Frank DeJoy will support Meisinger in business development and network deployment, respectively.

Boston Omaha (NYSE: BOC) ha annunciato cambiamenti nella leadership della sua divisione banda larga, Boston Omaha Broadband (BOB). J. Max Meisinger, precedentemente CFO di BOB, è stato promosso a Presidente e CEO, sostituendo Steve McGhie, che si dimette per concentrarsi su interessi personali, ma rimarrà come consulente. BOB serve oltre 44.000 abbonati in Arizona e Utah, e fornisce servizi di banda larga a nuovi sviluppi residenziali su larga scala in Florida e in altri stati.

Meisinger, che è entrato in Boston Omaha nel 2019, porta con sé una vasta esperienza finanziaria e di leadership nel suo nuovo ruolo. L'azienda crede che le sue competenze aiuteranno BOB a raggiungere una crescita significativa e a migliorare la redditività operativa. I membri chiave del team Mark Burgers e Frank DeJoy supporteranno Meisinger nello sviluppo del business e nel dispiegamento della rete, rispettivamente.

Boston Omaha (NYSE: BOC) ha anunciado cambios en el liderazgo de su división de banda ancha, Boston Omaha Broadband (BOB). J. Max Meisinger, que anteriormente se desempeñaba como CFO de BOB, ha sido ascendido a Presidente y CEO, reemplazando a Steve McGhie, quien deja el cargo para centrarse en intereses personales, pero permanecerá como consultor. BOB atiende a más de 44,000 suscriptores en Arizona y Utah, y proporciona servicios de banda ancha a grandes desarrollos de viviendas en Florida y otros estados.

Meisinger, quien se unió a Boston Omaha en 2019, aporta una amplia experiencia financiera y de liderazgo a su nuevo rol. La empresa cree que sus habilidades ayudarán a BOB a lograr un crecimiento significativo y a mejorar la rentabilidad operativa. Los miembros clave del equipo Mark Burgers y Frank DeJoy apoyarán a Meisinger en el desarrollo de negocios y el despliegue de la red, respectivamente.

보스턴 오마하 (NYSE: BOC)는 자사의 브로드밴드 부문인 보스턴 오마하 브로드밴드 (BOB)의 리더십 변화에 대해 발표했습니다. J. Max Meisinger는 이전에 BOB의 CFO였으며, Steve McGhie를 대신해 회장 겸 CEO로 승진하였습니다. McGhie는 개인적인 관심사에 집중하기 위해 사임하지만, 컨설턴트로 남을 것입니다. BOB는 애리조나와 유타주에서 44,000명 이상의 가입자에 서비스를 제공하며, 플로리다 및 기타 주의 대규모 주택 개발에 브로드밴드 서비스를 제공합니다.

2019년에 보스턴 오마하에 합류한 Meisinger는 새로운 역할에 광범위한 재무 및 리더십 경험을 가져옵니다. 회사는 그의 능력이 BOB가 상당한 성장과 향상된 운영 수익성을 달성하는 데 도움이 될 것이라고 믿고 있습니다. 주요 팀원인 Mark BurgersFrank DeJoy는 각각 Meisinger를 비즈니스 개발 및 네트워크 배치에서 지원할 것입니다.

Boston Omaha (NYSE: BOC) a annoncé des changements de direction dans sa division de large bande, Boston Omaha Broadband (BOB). J. Max Meisinger, anciennement CFO de BOB, a été promu Président et CEO, remplaçant Steve McGhie, qui démissionne pour se concentrer sur des intérêts personnels, mais restera consultant. BOB dessert plus de 44 000 abonnés en Arizona et en Utah, et fournit des services de large bande à de grands projets de construction de logements en Floride et dans d'autres États.

Meisinger, qui a rejoint Boston Omaha en 2019, apporte une vaste expérience financière et de leadership à son nouveau poste. L'entreprise estime que ses compétences aideront BOB à atteindre une croissance significative et à améliorer sa rentabilité opérationnelle. Les membres clés de l'équipe, Mark Burgers et Frank DeJoy, soutiendront Meisinger dans le développement des affaires et le déploiement du réseau, respectivement.

Boston Omaha (NYSE: BOC) hat Änderungen in der Führung seiner Breitbandabteilung, Boston Omaha Broadband (BOB), angekündigt. J. Max Meisinger, der zuvor CFO von BOB war, wurde zum Präsidenten und CEO befördert und ersetzt Steve McGhie, der zurücktritt, um sich auf persönliche Interessen zu konzentrieren, jedoch als Berater bleiben wird. BOB betreut über 44.000 Abonnenten in Arizona und Utah und bietet Breitbanddienstleistungen für groß angelegte Neubauprojekte in Florida und anderen Bundesstaaten an.

Meisinger, der 2019 zu Boston Omaha stieß, bringt umfangreiche finanzielle und Führungserfahrung in seine neue Rolle ein. Das Unternehmen glaubt, dass seine Fähigkeiten BOB helfen werden, signifikantes Wachstum und verbesserte Betriebsergebnisse zu erzielen. Schlüsselfunktionäre Mark Burgers und Frank DeJoy werden Meisinger in der Geschäftsentwicklung bzw. im Netzwerkeinsatz unterstützen.

Positive
  • Promotion of J. Max Meisinger to President and CEO of Boston Omaha Broadband, bringing financial expertise and leadership experience
  • BOB serves over 44,000 subscribers in Arizona and Utah, indicating a substantial customer base
  • Expansion into providing broadband services for large-scale new home developments in Florida and other states
  • Retention of Steve McGhie as a consultant, maintaining valuable industry knowledge
  • Addition of experienced team members Mark Burgers and Frank DeJoy to support business development and network deployment
Negative
  • Departure of Steve McGhie as CEO, potentially causing leadership transition challenges

OMAHA, Neb.--(BUSINESS WIRE)-- Boston Omaha Corporation (NYSE: BOC), today announced that J. Max Meisinger, Chief Financial Officer of Boston Omaha Broadband (“BOB”), has been named as President and Chief Executive Officer of BOB. BOB provides broadband services to over 44,000 subscribers in communities in Arizona and Utah as well as providing broadband services to large scale new home developments in Florida and other states. Steve McGhie, who joined Boston Omaha Broadband in 2020 when Boston Omaha acquired Utah Broadband LLC, is resigning as Chief Executive Officer to spend time with his family and pursue personal interests and will serve as a consultant to Boston Omaha Broadband.

Max Meisinger was named BOB’s Chief Financial Officer in 2022 and has been instrumental in developing expansion plans for BOB for the last several years. Mr. Meisinger joined Boston Omaha in May of 2019, serving initially as Corporate Controller before being promoted to Chief Accounting Officer. Previously, Mr. Meisinger worked for KPMG, LLP as a Senior Manager of its Kansas City audit practice where he served a diverse group of clients ranging from large public FORTUNE 500 companies to small start-ups throughout various industries. He is a licensed CPA and received both his B.S. in Business and Masters in Accounting from the University of Kansas.

“Max is the right leader for our broadband business,” said Adam Peterson, Boston Omaha’s Chairman and Chief Executive Officer. “Max has been an integral part of the planning for BOB’s expansion plans. He has developed extensive broadband experience and business development skills working with our operating units and in negotiating new opportunities. We believe his strong leadership, cost discipline, and financial experience will help BOB realize significant growth and improved operating profitability.”

“I couldn’t be more excited to be taking on this role,” said Max Meisinger. “Our operating companies within BOB have a great business model and a talented management team that uniquely positions us to capitalize on the changing broadband environment within the markets we serve. As the industry continues to evolve, I believe BOB is in a position to provide a cost effective and timely suite of broadband services to our customers as well as our long-term real estate partners, both current and future.”

Max is joined by long-time key employees Mark (Butch) Burgers and Frank DeJoy. Mr. Burgers has been focused on business development at BOB since 2022, working closely with home builders on installing broadband in large residential developments. Butch has over 20 years of business experience in sales and management and holds both a BS and MBA from Creighton University. Mr. DeJoy has over 25 years of experience in the telecom, wireless, and technology sectors. Frank has successfully led large-scale fiber and wireless network deployments across the US and globally during tenures at AT&T, General Dynamics, and other companies while delivering innovative and customer-centric solutions that drive revenue and growth. Frank holds an MBA and a BSEE from Rutgers University with Highest Honors.

Mr. Peterson noted that “We want to thank Steve McGhie for all he has done to build our broadband business. We were excited to work with Steve when we bought his Utah Broadband business in 2020, and he has been instrumental in building our broadband business throughout Arizona and Utah, significantly increasing our fiber subscribers and passings and adding several new markets to BOB’s footprint. We look forward to continuing our relationship with him as a consultant to BOB.”

Mr. McGhie stated “I want to thank Adam and the BOB team for their support in building out the broadband business. Now is a good time to take a break from working full-time to spend time with family and pursue personal interests. I have worked closely with Max over the past two years and look forward to watching him and the team at BOB continue to grow this business, assisting as needs arise.”

About Boston Omaha Corporation

Boston Omaha Corporation (NYSE:BOC), is a public holding company with four businesses: Broadband (telecommunications services), Billboards (outdoor advertising), Bonds (surety insurance) and Asset Management. For further information, visit Boston Omaha’s website at www.bostonomaha.com.

Forward-Looking Statements

Any statements in this press release about Boston Omaha Corporation’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,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “potential,” and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company make 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, our expectations regarding our sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the “Risk Factors” sections of our public filings with the Securities and Exchange Commission (the “SEC”) on Form 10-K for the year ended December 31, 2023, as well as other risks and uncertainties which may be described in any subsequent quarterly report on Form 10-Q filed by us and the other reports we file 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 our views as of the date hereof. We anticipate that general economic conditions and subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.

Our investor relations website is https://investor.bostonomaha.com/ and we encourage investors to use it as a way of easily finding information about us. 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.

Boston Omaha Corporation

Josh Weisenburger, 402-210-2633

contact@bostonomaha.com

Source: Boston Omaha Corporation

FAQ

Who is the new President and CEO of Boston Omaha Broadband (BOC)?

J. Max Meisinger has been promoted to President and CEO of Boston Omaha Broadband (BOC).

How many subscribers does Boston Omaha Broadband (BOC) serve?

Boston Omaha Broadband (BOC) serves over 44,000 subscribers in communities in Arizona and Utah.

What states does Boston Omaha Broadband (BOC) operate in?

Boston Omaha Broadband (BOC) operates in Arizona and Utah, and provides services to large-scale new home developments in Florida and other states.

Who is stepping down as CEO of Boston Omaha Broadband (BOC)?

Steve McGhie is stepping down as CEO of Boston Omaha Broadband (BOC) to spend time with his family and pursue personal interests.

What is J. Max Meisinger's background before joining Boston Omaha Broadband (BOC)?

Before joining Boston Omaha Broadband (BOC), J. Max Meisinger worked for KPMG, LLP as a Senior Manager in their Kansas City audit practice. He is a licensed CPA with degrees from the University of Kansas.

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