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Seaport Entertainment Group Inc. 8-K Filings

SEG NYSE

Every 8-K that Seaport Entertainment Group Inc. (SEG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow SEG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SEG filings page.

Rhea-AI Summary

Seaport Entertainment Group Inc. reported results for the quarter ended June 30, 2026. Total revenues were $34,290 (in thousands), down 13.8% from $39,801 (in thousands) a year earlier, with hospitality revenue declining while entertainment and rental revenues were roughly flat to higher.

The company recorded a quarterly net loss of $10,108 (in thousands), improving from $14,424 (in thousands), and net loss attributable to common stockholders per share improved to $(0.82) from $(1.16). On a non-GAAP basis, adjusted net income attributable to common stockholders was $320 (in thousands) versus a loss of $7,415 (in thousands) in the prior-year quarter. Management described the second quarter as the strongest to date, with each business segment profitable for the first time in its two-year history.

For the six months ended June 30, 2026, total revenues were $47,027 (in thousands) versus $55,870 (in thousands), and net loss attributable to common stockholders was $54,561 (in thousands) versus $46,662 (in thousands). As of June 30, 2026, cash and cash equivalents were $117,795, total assets were $543,299, total liabilities were $129,474, and total stockholders’ equity was $403,925.

Rhea-AI Summary

Seaport Entertainment Group Inc. announced a leadership transition in its legal function. Effective June 25, 2026, Lucy Fato ceased serving as Executive Vice President, General Counsel and Corporate Secretary and will instead act as an Advisor to the President and CEO through August 24, 2026.

Her departure is treated as a termination “without cause” under her existing employment agreement, making her eligible for separation payments and benefits tied to that status, subject to release requirements and completion of advisory services. The detailed Letter Agreement governing this transition is filed as Exhibit 10.1.

Rhea-AI Summary

Seaport Entertainment Group Inc. reported the results of its 2026 annual stockholder meeting held on June 8, 2026. Stockholders elected five directors—Matthew M. Partridge, Michael A. Crawford, Monica S. Digilio, David Z. Hirsh and Anthony F. Massaro—to serve until the 2027 annual meeting.

Support for the nominees ranged from 7,721,981 to 8,588,606 shares voted "for," with broker non-votes of 2,745,719 on each director. Stockholders also ratified Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026, with 11,432,243 votes for, 2,031 against and 11,504 abstentions. No other matters were submitted for action.

Rhea-AI Summary

Seaport Entertainment Group Inc. reported first quarter 2026 results showing lower revenue and a wider GAAP loss, but improved non-GAAP performance. Total revenues were $12.7 million for the quarter ended March 31, 2026, compared with $16.1 million a year earlier, a decline of 20.7%.

GAAP net loss widened to $43.8 million versus $31.5 million, and net loss attributable to common stockholders was $44.1 million, or $(3.47) per share, compared with $(2.51) per share in 2025. On a non-GAAP basis, adjusted net loss attributable to common stockholders improved to $17.9 million, or $(1.41) per share, from $22.8 million, or $(1.79) per share. As of March 31, 2026, total assets were $541.8 million, total liabilities $119.0 million, and total equity $422.8 million, with cash and cash equivalents of $114.8 million.

Rhea-AI Summary

Seaport Entertainment Group Inc. changed its external auditor, dismissing KPMG LLP and appointing Grant Thornton LLP as independent registered public accounting firm effective April 1, 2026. Grant Thornton will audit the company’s financial statements for the year ending December 31, 2026.

The company states that KPMG’s audit reports for the years ended December 31, 2025 and 2024 contained no adverse or disclaimer opinions and were not qualified for uncertainty, scope, or accounting principles. Seaport also reports no disagreements with KPMG and no reportable events during those periods.

Rhea-AI Summary

Seaport Entertainment Group Inc. reported stronger fourth quarter and full year 2025 results, with revenue growth and narrower losses. Total revenues rose to $130,408 thousand for 2025 from $110,223 thousand in 2024, driven by higher hospitality and entertainment revenue.

Net loss for 2025 improved to $115,342 thousand from $152,625 thousand, and loss per share narrowed to $(9.18) from $(16.82). Non-GAAP adjusted net loss attributable to common stockholders declined to $54,128 thousand from $106,598 thousand, reflecting better underlying performance despite continued losses.

Rhea-AI Summary

Seaport Entertainment Group Inc. is repurposing its historic Tin Building by closing the current Tin Building by Jean-Georges food and beverage operations effective February 23, 2026 and leasing the space to Balloon Museum. Through a wholly owned indirect subsidiary, the company has signed a lease with Balloon Museum for an initial five-year term, with two optional five-year renewals. Balloon Museum plans to open its U.S. flagship interactive contemporary art experience at the Tin Building in Summer 2026, creating a new cultural destination in the Seaport neighborhood. In connection with the Tin Building closure, the prior license agreement covering Jean-Georges Restaurants intellectual property for the site has been terminated, but Seaport and Jean-Georges Restaurants state their longstanding partnership will continue, and Seaport maintains a 25% minority interest in Jean-Georges Restaurants.

Rhea-AI Summary

Seaport Entertainment Group Inc. completed the sale of its mixed-use development project at 250 Water Street in New York City for $143.0 million. The asset was sold by subsidiary 250 Seaport District, LLC to 250 Water Street Owner LLC, an affiliate of Tavros, a privately owned real estate investment and development firm.

The one-acre site spans a full city block and is entitled for a 26‑story, mixed-use building with up to 399 residential units and about 200,000 square feet of commercial, retail and community space. The buyer has no material relationship with Seaport Entertainment Group outside of this transaction.

Rhea-AI Summary

Seaport Entertainment Group Inc. updated its agreement to sell the 250 Water Street mixed-use development in New York City, setting a firm closing date of February 5, 2026 and a sale price of $143.0 million, subject to apportionment and adjustment under the contract.

The buyer, an affiliate of Tavros Holdings LLC, must add a further $1.0 million deposit, increasing the total deposit to $8.5 million, which is non-refundable if specified conditions are met. The buyer can no longer extend or adjourn the closing date. The transaction still depends on unsatisfied closing conditions, so completion on these terms is not assured.

Rhea-AI Summary

Seaport Entertainment Group Inc. updated the terms of its planned sale of the mixed-use development at 250 Water Street in New York City. A subsidiary of the company signed a first amendment to its purchase and sale agreement with 250 Water Street Owner LLC, an affiliate of Tavros Holdings LLC, to fix the closing date at January 28, 2026, with no further right for the buyer to extend or adjourn that date. The buyer may request an earlier closing, but the seller is not required to close before January 28, 2026. Due to the buyer’s prior use of extension rights, the total sale price for 250 Water Street has increased to $152.0 million. The transaction remains subject to unsatisfied closing conditions, and there is no assurance the sale will be completed on these terms, on this timing, or at all.

Rhea-AI Summary

Seaport Entertainment Group Inc. appointed Lenah Elaiwat, age 42, as its Chief Financial Officer and Treasurer, effective December 1, 2025, after she served in the role on an interim basis since September 4, 2025 and as Chief Accounting Officer since April 2024. She has nearly 20 years of finance and accounting experience in the real estate sector, including senior roles at Regis Group PLC, Midwood Investment and Development, and Colony Capital Inc./NorthStar Realty Finance, and began her career at Ernst & Young.

Under her employment agreement effective November 1, 2025, Ms. Elaiwat receives an annual base salary of $450,000 and is eligible for an annual cash bonus targeted at 75% of base salary, with payout between 50% and 150% of target based on performance goals. She will receive an initial equity award with a grant value of at least $192,329 and, beginning in 2026, will be eligible for annual equity awards targeted at 75% of base salary. The agreement has an initial five-year term with automatic one-year renewals unless either party gives timely notice.

Rhea-AI Summary

Seaport Entertainment Group Inc. furnished an earnings press release and a supplemental disclosure package covering its financial results for the quarter ended September 30, 2025. The materials are attached as Exhibits 99.1 and 99.2 and are incorporated by reference.

The information was furnished under Item 2.02 and is not deemed filed under the Exchange Act. Seaport Entertainment’s common stock trades on the NYSE under the symbol SEG.

Rhea-AI Summary

Seaport Entertainment Group Inc. announced a leadership transition in which Anton Nikodemus stepped down as President, Chief Executive Officer and Chairman of the Board effective September 4, 2025, moving into a Special Advisor role through November 3, 2025 under a termination “without cause” and receiving separation benefits under his employment agreement. He also resigned from the Board, with the company stating this was not due to any disagreement over operations, policies or practices. Michael Crawford, formerly Lead Independent Director, became independent Chairman and the Lead Independent Director role was eliminated.

Effective September 4, 2025, Matt Partridge, age 41, was appointed President and Chief Executive Officer and became the company’s principal executive officer, later joining the Board on September 10, 2025. His amended and restated employment agreement provides a base salary of $800,000, an annual cash bonus targeted at 100% of salary (ranging from at least 50% to no more than 150% of target if minimum goals are met), an initial equity award with a grant value of at least $1,367,671, and targeted annual equity awards of $2,400,000 starting in 2026. Lenah Elaiwat, age 42, was appointed Interim Chief Financial Officer and Treasurer, adding the role of principal financial officer while continuing as Chief Accounting Officer.

Rhea-AI Summary

Seaport Entertainment Group Inc. has agreed to sell its mixed-use development project at 250 Water Street in New York City through its subsidiary, 250 Seaport District, LLC. The Purchase and Sale Agreement with 250 Water Street Owner LLC sets a sale price of $150.5 million, with provisions that could increase the price up to $152.0 million before closing. The Buyer, an affiliate of Tavros Holdings LLC, has no material relationship with the company beyond this transaction.

The Agreement includes a $6.0 million non-refundable deposit due at signing, with the potential to increase the deposit up to $8.5 million, subject to certain conditions. Closing is expected before the end of 2025, but it depends on closing conditions that are not yet satisfied, and there is no assurance the sale will be completed on these terms or timing, or at all.

Rhea-AI Summary

Seaport Entertainment Group Inc. furnished an earnings press release and a supplemental disclosure package reporting results for the quarter ended June 30, 2025. Those materials are attached to the Form 8-K as Exhibit 99.1 (press release) and Exhibit 99.2 (supplemental disclosure). The company states these items are being furnished, not filed, which means they are not subject to Section 18 liabilities and will not be automatically incorporated by reference into registration statements unless specifically referenced. The Form 8-K text does not include underlying financial figures or metrics; readers must consult the attached exhibits for detailed results.

Rhea-AI Summary

Seaport Entertainment Group (NYSE American: SEG) has announced the approval of its listing transfer from NYSE American LLC to the New York Stock Exchange (NYSE). This strategic move represents a significant milestone for the emerging growth company.

Key details of the listing transfer:

  • Trading on NYSE American will cease after market close on June 27, 2025
  • Trading on NYSE will commence on June 30, 2025
  • Company will retain its ticker symbol "SEG"
  • Common stock par value remains at $0.01 per share

The Form 8-K includes a press release (Exhibit 99.1) regarding the listing transfer, which is furnished under Regulation FD but not "filed" for Exchange Act purposes. The document was executed by EVP, General Counsel & Corporate Secretary Lucy Fato. This uplist to the NYSE mainboard could potentially increase the company's visibility and trading liquidity.