Brendan Keating
About Brendan J. Keating
Brendan J. Keating (age 43) has served as an independent director of Old Market Capital Corporation since October 2021. He is Managing Partner of Local Asset Management (Las Vegas) since May 2024 and previously co-led Boston Omaha Asset Management (Jan 2023–May 2024) and served as Chairman, and prior CEO/Manager, of Logic Real Estate Companies (2015–present). He holds a B.S. in Finance and Entrepreneurship from Creighton University, bringing commercial real estate investment and brokerage expertise to OMCC’s board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Local Asset Management | Managing Partner | May 2024–present | Leads real estate investment strategy |
| Boston Omaha Asset Management | Co-Managing Partner | Jan 2023–May 2024 | Asset management leadership; investor networks |
| Logic Real Estate Companies, LLC | Chairman | Mar 2023–present | Oversight of brokerage operations |
| Logic Real Estate Companies, LLC | Manager and CEO | Jul 2015–Mar 2023 | Built brokerage platform; operational leadership |
| The Equity Group (commercial real estate services) | Principal | 2007–2015 | Investment/management roles across brokerage, development, consulting |
| The Equity Group | Employee | 2005–2015 | Progressive responsibilities in brokerage/investment functions |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| Local Asset Management | Managing Partner | Private | Real estate investment firm (Las Vegas) |
| Logic Real Estate Companies | Chairman | Private | Commercial property brokerage (Las Vegas) |
| Boston Omaha Asset Management | Co-Managing Partner (former) | Private (affiliate to public parent) | Affiliated with Boston Omaha Corporation’s ecosystem |
| The Equity Group | Principal (former) | Private | Commercial real estate services |
Board Governance
- Independence: Board determined Keating is independent under NASDAQ rules .
- Committee assignments and roles:
- Audit Committee: Member; designated “audit committee financial expert” .
- Compensation Committee: Chair; meets independence, Rule 16b-3 “non-employee,” and Section 162(m) “outside director” definitions .
- Nominating/Corporate Governance: Not a member .
- Attendance and engagement: In FY ended Mar 31, 2025, the Board met 4 times; Audit 4; Compensation 1; Nominating/Governance 1, and each incumbent director attended at least 75% of Board and applicable committee meetings; all directors attended the 2024 Annual Meeting .
- Shareholder support: In the Sept 8, 2025 annual meeting, Keating received 5,254,629 votes for, 2,320 withheld; 296,225 broker non-votes .
Fixed Compensation
| Component | Amount/Policy | FY 2025 Actual for Keating |
|---|---|---|
| Annual cash retainer (Non-Employee Directors) | $45,000 | $27,500 fees earned or paid in cash |
| Committee chair fee | $10,000 per chair | Compensation Committee Chair eligible |
| Meeting fees | $1,000 non-ordinary course ($750 telephonic), per Board/committee | Not separately disclosed for Keating |
Notes: Director compensation reviewed annually by the Compensation Committee .
Performance Compensation
| Equity Award Type | Grant Date | Grant Date Fair Value | Vesting Schedule | Notes |
|---|---|---|---|---|
| Stock awards (restricted stock) | Not disclosed | $47,500 | Not disclosed for this grant; generally, pro-rated director equity vests at the next annual meeting | Keating’s FY 2025 director stock awards per proxy table ; general vesting policy described |
Policy context: Non-Employee Directors generally receive annual restricted stock valued at $20,000, though “no such awards were granted” in FY ended Mar 31, 2025; however, the director compensation table reports stock awards of $47,500 for each director (grant date fair value) .
Other Directorships & Interlocks
- Public company boards: None disclosed for Keating .
- Network interlocks/potential influence:
- Adam K. Peterson (OMCC director) is President/Chair/CEO of Boston Omaha Corporation; Jeffrey Royal (OMCC CEO/Chair) serves as a director of Boston Omaha Corporation .
- Magnolia Capital Fund LP (affiliated with Peterson) owns ~37.3% of OMCC; Peterson is managing member of The Magnolia Group, general partner of Magnolia Capital Fund .
Expertise & Qualifications
- Education: B.S. in Finance and Entrepreneurship, Creighton University .
- Domain expertise: Commercial real estate brokerage, investment, and management; board deems experience aligned with OMCC’s business and structure .
- Financial oversight: Audit Committee financial expert designation .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | Notes |
|---|---|---|---|
| Brendan J. Keating | 34,332 | Less than 1% | Business address listed in proxy |
| Anti-hedging policy | Prohibits hedging of company securities | — | Company-wide policy |
| Pledging | Not disclosed | — | No specific pledging disclosure for directors |
| Options/RSUs (director) | Not disclosed | — | Director outstanding award details not itemized |
Insider Trades
| Date of Transaction | Filing Date | Form | Detail | Note |
|---|---|---|---|---|
| Jun 6, 2024 (grant of Common Stock) | Jan 6, 2025 | Form 4 | Director grant; filed late | Company disclosed late Section 16(a) filing for Keating |
Governance Assessment
- Board effectiveness: Keating chairs Compensation Committee and serves on Audit as a designated financial expert—strong governance roles with independent status .
- Attendance/engagement: Met at least the 75% attendance threshold; board and committees met a modest number of times in FY 2025; attended the 2024 annual meeting .
- Shareholder confidence: Resoundingly re-elected (5,254,629 for; 2,320 withheld); say‑on‑pay passed with 5,227,406 for, 3,659 against, 25,884 abstentions (296,225 broker non‑votes) .
- Compensation alignment: Director pay includes cash retainer and equity; Keating’s FY 2025 compensation comprised $27,500 cash and $47,500 stock awards (grant date fair value) .
- Potential conflicts and red flags:
- Concentrated ownership and interlocks: Magnolia Capital Fund LP holds ~37% (affiliated with director Peterson); Royal sits on Boston Omaha’s board where Peterson is CEO—heightened influence risk; monitoring Compensation Committee independence is prudent .
- Combined CEO/Chair roles: OMCC’s CEO also serves as Chairman (Board deems combined role efficient post-reorganization) .
- Section 16 compliance: One late Form 4 filing by Keating—a minor compliance lapse to monitor .
- Related-party transactions: None disclosed involving Keating; related-party dealings primarily involved Amplex/Red Bug with President Radabaugh; Audit Committee oversees and pre-approves such transactions under policy .
Overall implications: Keating’s independent status, committee leadership, and financial expertise support board oversight quality. Investor confidence signals include strong re‑election support and anti‑hedging policy; watch for influence dynamics tied to major shareholders and Boston Omaha affiliations, and ensure continued Compensation Committee rigor given ownership concentration .