On October 27, 2016, the Board of Directors of Boston Omaha Corporation approved, by means of a written consent in lieu of special meeting, an action to increase the size of the Board of Directors from four directors to five directors and elected Robert T. Slezak as a director to fill the vacancy created by the increase to the size of the Board of Directors. Mr. Slezak is currently a private investor and has been since November 1999. Prior to that, Mr. Slezak served as Vice President, Chief Financial Officer, and Treasurer of TD Ameritrade Inc. from January 1989 to November 1999 and as a Director of TD Ameritrade from October 1996 to September 2002. Mr. Slezak serves as a member of the Board of Directors and is an investor with the Nebraska Angels Inc. Mr. Slezak currently serves as the non-executive Chairman of the Board of Directors of Bridges Investment Fund Inc. Mr. Slezak also serves as a member of the Board of Directors of the Pegasus Companies Inc.