Joshua P. Weisenburger
BOSTON OMAHAAbout Joshua P. Weisenburger
Joshua P. Weisenburger, age 42, is Chief Financial Officer, Secretary and Treasurer of Boston Omaha Corporation (BOC) and has served as CFO since June 2017 after joining the company in 2016; he previously served as Chief Accounting Officer and Controller. He holds a B.S. in Finance from Creighton University and an MBA from the University of Minnesota – Carlson School of Management; prior roles include finance positions at Ecolab (2011–2016) and treasury roles at Kiewit (2005–2009), and he served as CFO of Yellowstone Acquisition Company (SPAC) from August 2020 through January 2022 when it completed its business combination with Sky Harbour . Company pay-versus-performance disclosure indicates no specific company performance measures tie directly to NEO compensation, while revenues grew from $81.2m in 2022 to $108.3m in 2024 and TSR value of an initial $100 declined to $49.35 by year-end 2024 .
Company performance context (fiscal years)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Total Revenues ($) | $81,234,194 | $96,253,736 | $108,274,901 |
| Net Income (Loss) Attributable to Common Stockholders ($) | $10,233,400 | ($7,004,009) | ($1,292,450) |
| Value of Initial Fixed $100 Investment (TSR) | $92.24 | $54.75 | $49.35 |
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Boston Omaha Corporation | CFO, Secretary & Treasurer | Jun 2017–present | Principal Financial Officer; SOX 302/906 certifications for FY2024 10-K |
| Yellowstone Acquisition Company | Chief Financial Officer | Aug 2020–Jan 2022 | Finance leadership through business combination with Sky Harbour |
| Ecolab, Inc. | Finance manager, finance controller (various divisions) | Jul 2011–Jun 2016 | Divisional finance leadership |
| Kiewit Corporation | Treasury roles | Jun 2005–Aug 2009 | Treasury/finance roles |
External Roles
- None disclosed for current public company directorships; prior external role: CFO of Yellowstone Acquisition Company (Aug 2020–Jan 2022) .
Fixed Compensation
| Component | 2022 | 2023 | 2024 | 2025 (effective Jan 1) |
|---|---|---|---|---|
| Base Salary ($) | $275,000 | $290,000 | $320,000 | $335,000 |
| Actual Cash Bonus Paid ($) | $105,000 | $170,000 | $140,000 (paid Feb 2025) | — |
Notes:
- Base salary increases approved: to $290,000 effective Jan 1, 2023; to $320,000 effective Jan 1, 2024; to $335,000 effective Jan 1, 2025 .
- In 2023, a one-time $150,000 bonus was awarded (for 2021–2022 services) alongside a $250,000 long-term equity incentive vesting over 2023–2025 .
Performance Compensation
Equity awards and year-end bonus equity elections
| Grant date | Instrument | Shares/Value | Vesting | Link to performance metrics |
|---|---|---|---|---|
| Jan 3, 2023 | Restricted Stock | 11,559 shares | 5,029 vested at grant; 3,265 on Jan 2, 2024; 3,265 on Jan 2, 2025 | Discretionary; not tied to specific metrics |
| Feb 5, 2024 | Restricted Stock (in lieu of part of 2023 cash bonus) | 8,440 shares; fully vested at grant | Fully vested at grant | Discretionary; not tied to specific metrics |
| Feb 12, 2025 | Restricted Stock (in lieu of part of 2024 cash bonus) | 3,322 shares; fully vested at grant | Fully vested at grant | Discretionary; not tied to specific metrics |
| 2021–2022 service LTI | Long-term incentive established Jan 3, 2023 | $250,000 equity value | Vests in three equal annual installments (Jan 3, 2023; Jan 2, 2024; Jan 2, 2025) | Discretionary; not tied to specific metrics |
- Company disclosure: “Total compensation for our PEO, former Co-PEO and the Non-PEO NEO is not tied to any specific company performance measures.”
- Company has not granted stock options to employees or Board to date .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (as of Jun 30, 2025) | 26,181 Class A shares; less than 1% of class |
| Company shares outstanding (context) | 30,872,876 Class A and 580,558 Class B (as of Jun 30, 2025) |
| Outstanding equity awards at 12/31/24 | 3,265 unvested RSUs from 1/3/2023 grant; market value $46,298 at $14.18/share |
| Options outstanding | None; BOC has not granted stock options to employees/Board |
| Hedging/pledging | Company insider trading policy prohibits hedging, short sales, holding in margin accounts, and pledging; applies to officers |
| Trading controls | Pre-clearance required; blackout windows before/after quarterly/annual reports |
Employment Terms
- Officers are elected by, and serve at the discretion of, the Board; no specific employment agreement for Mr. Weisenburger is disclosed in the proxy (the “Employment Contracts” section discusses other executives but not the CFO) .
- Clawback policy adopted pursuant to SEC rules; applies to current and former officers; covers recovery/forfeiture of incentive compensation upon certain restatements .
- Insider trading policy bans hedging, short sales, pledging/margin; requires pre-clearance and adherence to blackout periods .
Investment Implications
- Alignment and selling pressure: Weisenburger elected to take a portion of annual bonuses in fully-vested stock for 2023 and 2024 services (granted Feb 2024 and Feb 2025), signaling willingness to hold equity; however, fully vested awards can be sold immediately and, combined with a minimal forward vesting tail after Jan 2, 2025 (only 3,265 shares vested then), reduce near-term mechanical retention from unvested equity .
- Pledging/hedging risk: Policy prohibitions on hedging and pledging (and required pre-clearance plus blackout windows) reduce margin-call and derivative-hedge related selling risks, a positive for alignment and trading-signal stability .
- Pay-for-performance: BOC discloses that NEO compensation is not tied to specific performance metrics; with TSR down to $49.35 on $100 invested by 2024 while revenues rose to $108.3m, investors may scrutinize discretionary bonuses and equity grants for alignment with value creation .
- Severance/COC economics: No CFO-specific severance or change-of-control terms are disclosed—lower parachute risk but also less contractual retention protection relative to peers .
Supporting Detail Tables
Outstanding equity awards at fiscal year-end (12/31/24)
| Name | Grant date | Unvested shares | Market value at 12/31/24 |
|---|---|---|---|
| Joshua P. Weisenburger | 01/03/2023 | 3,265 | $46,298 (at $14.18) |
Compensation summary excerpts (company disclosure)
| Year | Salary ($) | Cash Bonus ($) | Stock award notes |
|---|---|---|---|
| 2024 | $320,000 | $140,000 | 3,322 fully-vested shares issued Feb 2025 in lieu of portion of cash bonus |
| 2023 | $290,000 | $170,000 | 8,440 fully-vested shares issued Feb 2024 in lieu of portion of cash bonus |
| 2022 | $275,000 | $105,000 | 11,559-share RSU grant (service for 2021–2022) vesting 2023–2025 |
Note: Mr. Weisenburger’s base salary increased to $335,000 effective Jan 1, 2025; for 2024 services, he elected to receive $50,000 in fully-vested stock and $140,000 cash bonus, approved Feb 20, 2025 .
Biography (filed)
- “Joshua P. Weisenburger, age 42, has served as our Chief Financial Officer, Secretary and Treasurer since June 2017. Mr. Weisenburger, who joined us in 2016, has also previously served as our Chief Accounting Officer and our Controller... CFO of Yellowstone (Aug 2020–Jan 2022)... Ecolab (2011–2016)... Kiewit (2005–2009)... B.S. in Finance (Creighton); MBA (UMN – Carlson).”
Policy excerpts
- Anti-hedging/pledging and margin prohibitions for insiders; pre-clearance and blackout windows specified .
- Clawback policy adopted and filed; applies to officers .