Boston Omaha Corporation announced on September 10, 2026, that its Board of Directors has approved a new share repurchase program. Under this authorization, the company intends to repurchase up to $30 million of its Class A common stock.
The new program is set to become effective on November 1, 2026. It will replace the previous share repurchase plan established in 2025, which was set to expire on December 31, 2026. The new authorization will remain in effect until the earlier of December 31, 2027, or the date the $30 million threshold of repurchased shares is reached.
According to the filing, the company has already repurchased 1,607,323 shares of Class A common stock under the prior 2025 plan. The total cost of these repurchases through September 10, 2026, was approximately $21 million.
The company stated that share repurchases under the new program may be conducted through open market purchases or other methods, including transactions adopted pursuant to Rule 10b5-1. The timing and amount of any repurchases will depend on market conditions, share price, share availability, and other factors determined by management. The company intends to finance the program using its available cash and cash equivalents. The Board retains the discretion to modify, suspend, extend, or terminate the program at any time.
