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Boston Omaha Corporation (NYSE:BOC) announced Tuesday that shareholders elected all nominated directors and approved key proposals at the company’s annual meeting held Monday.
According to a statement based on the company’s SEC filing, shareholders elected Tom Burt, David S. Graff, Brendan J. Keating, Frank H. Kenan II, Jeffrey C. Royal, and Vishnu Srinivasan to serve as directors for one-year terms or until their successors are elected and qualified. Vote totals for each nominee ranged from approximately 21.6 million to 26.3 million in favor, with votes withheld ranging from about 183,814 to 4.8 million. Broker non-votes for each nominee totaled 3,874,222.
Shareholders also ratified the appointment of Deloitte & Touche LLP as Boston Omaha’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The vote was 30,184,857 in favor, 67,927 against, and 85,062 abstentions.
In an advisory vote, shareholders approved the compensation of the company’s named executive officers. The proposal received 26,100,637 votes in favor, 322,256 against, and 40,731 abstentions, with 3,874,222 broker non-votes.
The information in this article is based on a statement from the company’s press release and its recent SEC filing.
In other recent news, Boston Omaha Corporation’s stock price target was lowered by TD Cowen from $25 to $22. Despite this adjustment, TD Cowen maintained a Buy rating on the stock. The revision in the price target follows the company’s second-quarter results, which did not meet TD Cowen’s expectations. The shortfall was notably due to challenges in the insurance segment, where a higher loss ratio and increased reserve additions impacted the performance. These developments are part of the latest updates concerning Boston Omaha.
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