Boston Omaha (NYSE: BOC) boosts CEO Adam Peterson’s base pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Boston Omaha Corporation reported a change in executive compensation for its President and Chief Executive Officer, Adam K. Peterson. The board’s Compensation Committee approved an increase in his base salary to $739,000 per year, with the change effective retroactively to January 1, 2026.
Mr. Peterson’s base salary was last increased in January 2023, so this adjustment updates his cash compensation after more than two years. The filing does not describe other changes to his role or to broader executive pay programs.
Positive
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Negative
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What executive compensation change did Boston Omaha (BOC) disclose?
Boston Omaha disclosed that its President and CEO, Adam K. Peterson, received a base salary increase to $739,000 per year. This change reflects an adjustment to his ongoing cash compensation rather than a new bonus or equity award.
When does Adam Peterson’s new $739,000 salary at Boston Omaha (BOC) take effect?
The new base salary for Adam K. Peterson is effective retroactively to January 1, 2026. This means his compensation for 2026 will be calculated using the higher rate from the beginning of the year.
Who approved the CEO salary increase at Boston Omaha (BOC)?
The salary increase for Adam K. Peterson was approved by the Compensation Committee of the Board of Directors. This committee typically oversees executive pay to align leadership incentives with company objectives and shareholder interests.
How does the new CEO salary compare with Boston Omaha’s last adjustment?
Boston Omaha noted that Adam K. Peterson’s base salary was last increased in January 2023. The new adjustment to $739,000 per year represents the next step in his pay progression after more than two years without a raise.
Did Boston Omaha (BOC) report other changes to executive roles in this filing?
The disclosure focuses on increasing Adam K. Peterson’s base salary to $739,000. It does not describe changes to his responsibilities, title as President and CEO, or other executives’ compensation in this particular report.