On June 5, 2017, Boston Omaha Corporation increased the size of the Board of Directors from four directors to six directors, and approved the election of Frank H. Kenan II as a director to fill one of the vacancies created by the increase to the size of the Board of Directors, to be effective upon the commencement of trading of the Class A common stock on the NASDAQ Capital Market. Upon his election to the Board of Directors, Mr. Kenan will serve on the audit and risk committee, nominating and corporate governance committee and compensation committee. On June 5, 2017, Jeffrey Piermont resigned as Treasurer, Secretary and Chief Administrative Officer, and appointed Joshua P. Weisenburger, current Chief Accounting Officer and Controller, as Treasurer, These actions were taken by means of an action by unanimous written consent of the Board of Directors in lieu of a special meeting. Mr. Kenan, age 35, is currently the Co-Founder and Principal of KD Capital Management, LLC and has served in these roles since August 2014. Mr. Weisenburger, age 34, has served as Chief Accounting Officer since August 2016 and as Controller since June 2016. From July 2011 through June 2016, Mr. Weisenburger was employed by Ecolab Inc.