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Great Lakes Dredge & Dock Corporation filings document the company's transition from a Nasdaq-listed public company to a deregistered issuer after its completed acquisition by Saltchuk Resources. The record includes Form 25 notification for removal of its common stock from Nasdaq listing and Form 15 certification to terminate registration under Section 12(g) and suspend Exchange Act reporting duties.
Its 8-K material-event reports describe the merger agreement, tender-offer completion, common-stock treatment, related governance and officer matters, and other capital-structure disclosures, including securities registered before delisting.
Great Lakes Dredge & Dock senior vice president David Johanson reported compensation-related stock activity in company common shares. On March 16, 2026, he received two grants totaling 12,646 and 8,444 shares at $0.00 per share, reflecting performance-based restricted stock units granted in 2023 and 2024.
To cover associated tax obligations, 1,659, 3,080, 1,029 and 2,057 shares were disposed of at $16.93 per share through tax-withholding transactions, which are not open-market sales. After these awards and withholdings, he directly holds 119,216.2594 common shares.
Great Lakes Dredge & Dock Corp executive William H. Hanson reported compensation-related stock activity, not open-market trading. On March 16, 2026, he received two awards of common stock, one of 7,853 shares and another of 5,242 shares, as performance-based restricted stock units from grants dated March 15, 2023 and March 15, 2024 met their conditions.
To cover tax obligations on these awards, a total of 4,859 shares of common stock were withheld at a price of $16.93 per share. These F-code transactions reflect tax-withholding dispositions rather than discretionary sales, and the A-code entries represent equity compensation grants.
Great Lakes Dredge & Dock CORP SVP Christopher Gunsten reported compensation-related stock transactions in Great Lakes Dredge & Dock CORP common stock. On March 16, 2026, he received two stock awards totaling 21,090 shares at $0.00 per share after performance conditions were met on prior performance-based restricted stock units granted in March 2023 and March 2024.
On the same date, 10,394 shares were disposed of at $16.93 per share to cover tax liabilities, a non-market tax-withholding mechanism rather than an open-market sale. After these transactions, he directly owned 110,636 shares of common stock.
Great Lakes Dredge & Dock Corp SVP Eleni Beyko reported compensation-related stock transactions, not open‑market trading. On March 16, 2026, she received two performance-based common stock awards of 14,754 and 9,852 shares after meeting performance conditions tied to restricted stock units granted in 2023 and 2024.
To cover tax obligations on these vestings, a total of 12,545 shares of common stock were disposed of at $16.93 per share through tax-withholding transactions, which are not market sales. Following these awards and tax withholdings, she directly holds 133,895 shares of Great Lakes Dredge & Dock common stock.
Great Lakes Dredge & Dock VP & CAO Ryan Bayer reported routine equity compensation activity in company stock. On March 16, 2026, he received a grant of 2,170 shares of common stock at $0.00 per share, representing performance-based restricted stock units that vested after meeting 2024 performance conditions. On the same date, a total of 2,136 shares were disposed of at $16.93 per share to cover tax obligations, not as open-market sales. After these transactions, Bayer directly held 31,773 shares of common stock.
Great Lakes Dredge & Dock Corporation amends its Schedule 14D-9 to disclose that the Hart-Scott-Rodino waiting period was terminated early and to add a separate tender offer and consent solicitation by the buyer for the Company’s $5.25% Senior Notes due 2029.
The filing states the FTC granted early HSR termination on March 17, 2026, satisfying the HSR-related offer condition. It adds that on March 18, 2026 Parent commenced a cash tender offer and consent solicitation for the Notes, and that the closing of the Offer and Merger is not conditioned on any minimum Notes being tendered, receipt of consents, or closing of the Notes Tender Offer.
Huron MergeCo., Inc., a Saltchuk Resources subsidiary, amends its Schedule TO to update the cash tender offer for all outstanding Great Lakes Dredge & Dock Corporation common shares at $17.00 per share in cash pursuant to the Merger Agreement. The amendment replaces the prior Antitrust paragraph to report that Premerger Notification forms were filed on March 3, 2026, the Federal Trade Commission terminated the HSR waiting period effective March 17, 2026, and the Competition Laws Condition in the Offer has been satisfied. The Offer remains subject to the other conditions in the Offer to Purchase. The filing adds a joint press release as an exhibit dated March 18, 2026.
Great Lakes Dredge & Dock Corporation disclosed that Saltchuk Resources has launched a cash tender offer for any and all of its 5.25% Senior Notes due 2029, with $325,000,000 principal outstanding, alongside a consent solicitation to amend the 2021 indenture governing these notes.
Noteholders who tender by March 31, 2026, are offered total consideration of $1,001.25 per $1,000 principal (including a $30.00 early tender payment), plus accrued interest, with a lower amount for later tenders until the April 15, 2026 expiration. The tender and consent process is tied to Saltchuk’s pending acquisition of Great Lakes via a separate equity tender offer at $17.00 per share and subsequent merger, which are expected to close early in the second quarter of 2026, currently scheduled for April 1, 2026, subject to conditions.
Great Lakes Dredge & Dock Corporation files Amendment No. 1 to its Schedule 14D-9 to supplement its recommendation/solicitation statement in connection with the cash tender offer and merger agreement under which Huron MergeCo, Inc. (a Saltchuk affiliate) is offering $17.00 per share in cash for each outstanding share of the Company. This Amendment adds an exhibit: an employee email from CEO Lasse Petterson dated March 13, 2026. The remainder of the Schedule 14D-9 is incorporated by reference.
Great Lakes Dredge & Dock Corporation filed an amended annual report that leaves 2025 results unchanged and primarily adds the auditor’s conformed signature. For 2025, the company generated $888.3 million in contract revenues and $73.5 million in net income, with basic earnings per share of $1.10, up from $0.85 in 2024. Operating cash flow rose sharply to $246.7 million, supporting heavy capital spending of $147.2 million and repayment of second-lien debt. Year-end total assets were $1.29 billion, with long-term debt of $378.2 million and equity of $517.1 million.
The notes highlight a Merger Agreement with Saltchuk Resources, under which a subsidiary of Saltchuk plans to launch a tender offer to acquire all outstanding shares at $17.00 per share, followed by a merger that would make Great Lakes a wholly owned subsidiary and lead to Nasdaq delisting. Closing is expected in the second quarter of 2026, subject to customary conditions, including a majority tender and required antitrust clearance. The agreement includes a termination fee of approximately $37 million payable to Saltchuk under specified circumstances.