[8-K] Southern First Bancshares, Inc. Reports Material Event
Gilat Satellite Networks (GILT) filed a Form 6-K reporting that its Peruvian subsidiary, Gilat Perú, has received approximately $60 million in purchase orders from Pronatel, Peru’s national telecommunications program.
The award covers the migration and upgrade of Regional Broadband infrastructure in the Apurímac, Huancavelica and Ayacucho regions. Deployment is expected to complete within 12 months, followed by four years of service provision. The initiative will supply 200 Mbps internet to nearly 800 public institutions—schools, health centers and police stations—across 280 localities, advancing Peru’s digital-inclusion agenda.
Highlights
- Reinforces Gilat’s long-standing partnership with the Peruvian government.
- Adds a sizeable, multi-year revenue stream and deepens Latin-American presence.
- Filing contains no changes to company-wide financial guidance.
Gilat Satellite Networks (GILT) ha presentato un modulo 6-K segnalando che la sua filiale peruviana, Gilat Perú, ha ricevuto ordini di acquisto per circa 60 milioni di dollari da Pronatel, il programma nazionale per le telecomunicazioni del Perù.
L'assegnazione riguarda la migrazione e l'aggiornamento dell'infrastruttura a banda larga regionale nelle regioni di Apurímac, Huancavelica e Ayacucho. Il dispiegamento è previsto entro 12 mesi, seguito da quattro anni di fornitura di servizi. L'iniziativa fornirà internet a 200 Mbps a quasi 800 istituzioni pubbliche—scuole, centri sanitari e stazioni di polizia—distribuite in 280 località, promuovendo così l'agenda per l'inclusione digitale del Perù.
Punti salienti
- Rafforza la partnership di lunga data di Gilat con il governo peruviano.
- Aggiunge un importante flusso di entrate pluriennale e approfondisce la presenza in America Latina.
- La comunicazione non contiene modifiche alle previsioni finanziarie aziendali complessive.
Gilat Satellite Networks (GILT) presentó un formulario 6-K informando que su subsidiaria peruana, Gilat Perú, ha recibido aproximadamente 60 millones de dólares en órdenes de compra de Pronatel, el programa nacional de telecomunicaciones de Perú.
El contrato cubre la migración y actualización de la infraestructura de banda ancha regional en las regiones de Apurímac, Huancavelica y Ayacucho. Se espera que el despliegue se complete en 12 meses, seguido por cuatro años de prestación de servicios. La iniciativa proveerá internet de 200 Mbps a cerca de 800 instituciones públicas—escuelas, centros de salud y comisarías—en 280 localidades, impulsando la agenda de inclusión digital de Perú.
Puntos destacados
- Refuerza la asociación de larga data de Gilat con el gobierno peruano.
- Añade una fuente significativa de ingresos plurianuales y profundiza la presencia en América Latina.
- El informe no contiene cambios en las previsiones financieras generales de la empresa.
길랏 위성 네트워크(GILT)는 페루 자회사인 길랏 페루가 페루의 국가 통신 프로그램인 프로나텔로부터 약 6천만 달러 규모의 구매 주문을 받았다고 6-K 양식을 통해 보고했습니다.
이번 수주는 아푸리막, 후안카벨리카, 아야쿠초 지역의 지역 광대역 인프라 이전 및 업그레이드를 포함합니다. 배치는 12개월 이내에 완료될 예정이며, 이후 4년간 서비스가 제공됩니다. 이 사업은 280개 지역에 걸쳐 약 800개의 공공 기관—학교, 보건소, 경찰서—에 200Mbps 인터넷을 공급하여 페루의 디지털 포용 정책을 촉진할 것입니다.
주요 내용
- 길랏과 페루 정부 간의 오랜 파트너십을 강화합니다.
- 상당한 다년간 수익원을 추가하고 라틴 아메리카 내 입지를 확장합니다.
- 보고서에는 회사 전체 재무 전망 변경 사항이 포함되어 있지 않습니다.
Gilat Satellite Networks (GILT) a déposé un formulaire 6-K rapportant que sa filiale péruvienne, Gilat Perú, a reçu environ 60 millions de dollars de commandes d'achat de Pronatel, le programme national de télécommunications du Pérou.
Cette attribution couvre la migration et la mise à niveau de l'infrastructure régionale à large bande dans les régions d'Apurímac, Huancavelica et Ayacucho. Le déploiement devrait être achevé dans les 12 mois, suivi de quatre ans de fourniture de services. L'initiative fournira une connexion Internet de 200 Mbps à près de 800 institutions publiques—écoles, centres de santé et postes de police—dans 280 localités, faisant progresser l'agenda d'inclusion numérique du Pérou.
Points forts
- Renforce le partenariat de longue date de Gilat avec le gouvernement péruvien.
- Ajoute une source de revenus importante et pluriannuelle et approfondit la présence en Amérique latine.
- Le dépôt ne contient aucun changement aux prévisions financières globales de l'entreprise.
Gilat Satellite Networks (GILT) hat ein Formular 6-K eingereicht und berichtet, dass seine peruanische Tochtergesellschaft Gilat Perú Aufträge im Wert von etwa 60 Millionen US-Dollar von Pronatel, dem nationalen Telekommunikationsprogramm Perus, erhalten hat.
Der Auftrag umfasst die Migration und Aufrüstung der regionalen Breitbandinfrastruktur in den Regionen Apurímac, Huancavelica und Ayacucho. Die Umsetzung soll innerhalb von 12 Monaten abgeschlossen sein, gefolgt von vier Jahren Servicebereitstellung. Die Initiative wird fast 800 öffentlichen Einrichtungen—Schulen, Gesundheitszentren und Polizeistationen—in 280 Orten eine Internetverbindung mit 200 Mbps bereitstellen und damit Perus Digitalisierungsagenda vorantreiben.
Highlights
- Stärkt die langjährige Partnerschaft von Gilat mit der peruanischen Regierung.
- Ergänzt einen bedeutenden mehrjährigen Umsatzstrom und vertieft die Präsenz in Lateinamerika.
- Das Formular enthält keine Änderungen der unternehmensweiten Finanzprognosen.
- $60 million contract provides four years of committed service revenue.
- Strengthens Gilat’s relationship with Pronatel and expands presence in Latin America.
- Supports corporate objective of closing the digital divide, enhancing brand perception.
- Filing omits margin, cash-flow and profitability details, limiting visibility on financial upside.
- Execution across remote terrain could increase costs and project risk.
- Revenue concentration with a single government customer heightens dependency risk.
Insights
TL;DR — $60 M Peruvian contract adds multi-year revenue and strengthens government ties; neutral to guidance.
The Pronatel award is material for a company of Gilat’s size, creating four years of recurring service income while showcasing the firm’s capability in large rural-connectivity projects. It expands Gilat’s public-sector backlog and supports strategic positioning in Latin America. Because the filing lacks margin data and leaves corporate forecasts unchanged, market reaction will hinge on assumptions about project profitability. Overall impact skews positive due to contract scale and visibility.
TL;DR — Contract raises execution and customer-concentration risks but no red flags disclosed.
The project spans remote Andean regions, implying logistical complexity and potential cost overruns. Revenues depend on a single public entity, increasing exposure to governmental budget cycles. Nonetheless, prior successful work with Pronatel mitigates counterparty risk. No litigation, financing needs or covenant impacts are mentioned, suggesting manageable risk profile.
Gilat Satellite Networks (GILT) ha presentato un modulo 6-K segnalando che la sua filiale peruviana, Gilat Perú, ha ricevuto ordini di acquisto per circa 60 milioni di dollari da Pronatel, il programma nazionale per le telecomunicazioni del Perù.
L'assegnazione riguarda la migrazione e l'aggiornamento dell'infrastruttura a banda larga regionale nelle regioni di Apurímac, Huancavelica e Ayacucho. Il dispiegamento è previsto entro 12 mesi, seguito da quattro anni di fornitura di servizi. L'iniziativa fornirà internet a 200 Mbps a quasi 800 istituzioni pubbliche—scuole, centri sanitari e stazioni di polizia—distribuite in 280 località, promuovendo così l'agenda per l'inclusione digitale del Perù.
Punti salienti
- Rafforza la partnership di lunga data di Gilat con il governo peruviano.
- Aggiunge un importante flusso di entrate pluriennale e approfondisce la presenza in America Latina.
- La comunicazione non contiene modifiche alle previsioni finanziarie aziendali complessive.
Gilat Satellite Networks (GILT) presentó un formulario 6-K informando que su subsidiaria peruana, Gilat Perú, ha recibido aproximadamente 60 millones de dólares en órdenes de compra de Pronatel, el programa nacional de telecomunicaciones de Perú.
El contrato cubre la migración y actualización de la infraestructura de banda ancha regional en las regiones de Apurímac, Huancavelica y Ayacucho. Se espera que el despliegue se complete en 12 meses, seguido por cuatro años de prestación de servicios. La iniciativa proveerá internet de 200 Mbps a cerca de 800 instituciones públicas—escuelas, centros de salud y comisarías—en 280 localidades, impulsando la agenda de inclusión digital de Perú.
Puntos destacados
- Refuerza la asociación de larga data de Gilat con el gobierno peruano.
- Añade una fuente significativa de ingresos plurianuales y profundiza la presencia en América Latina.
- El informe no contiene cambios en las previsiones financieras generales de la empresa.
길랏 위성 네트워크(GILT)는 페루 자회사인 길랏 페루가 페루의 국가 통신 프로그램인 프로나텔로부터 약 6천만 달러 규모의 구매 주문을 받았다고 6-K 양식을 통해 보고했습니다.
이번 수주는 아푸리막, 후안카벨리카, 아야쿠초 지역의 지역 광대역 인프라 이전 및 업그레이드를 포함합니다. 배치는 12개월 이내에 완료될 예정이며, 이후 4년간 서비스가 제공됩니다. 이 사업은 280개 지역에 걸쳐 약 800개의 공공 기관—학교, 보건소, 경찰서—에 200Mbps 인터넷을 공급하여 페루의 디지털 포용 정책을 촉진할 것입니다.
주요 내용
- 길랏과 페루 정부 간의 오랜 파트너십을 강화합니다.
- 상당한 다년간 수익원을 추가하고 라틴 아메리카 내 입지를 확장합니다.
- 보고서에는 회사 전체 재무 전망 변경 사항이 포함되어 있지 않습니다.
Gilat Satellite Networks (GILT) a déposé un formulaire 6-K rapportant que sa filiale péruvienne, Gilat Perú, a reçu environ 60 millions de dollars de commandes d'achat de Pronatel, le programme national de télécommunications du Pérou.
Cette attribution couvre la migration et la mise à niveau de l'infrastructure régionale à large bande dans les régions d'Apurímac, Huancavelica et Ayacucho. Le déploiement devrait être achevé dans les 12 mois, suivi de quatre ans de fourniture de services. L'initiative fournira une connexion Internet de 200 Mbps à près de 800 institutions publiques—écoles, centres de santé et postes de police—dans 280 localités, faisant progresser l'agenda d'inclusion numérique du Pérou.
Points forts
- Renforce le partenariat de longue date de Gilat avec le gouvernement péruvien.
- Ajoute une source de revenus importante et pluriannuelle et approfondit la présence en Amérique latine.
- Le dépôt ne contient aucun changement aux prévisions financières globales de l'entreprise.
Gilat Satellite Networks (GILT) hat ein Formular 6-K eingereicht und berichtet, dass seine peruanische Tochtergesellschaft Gilat Perú Aufträge im Wert von etwa 60 Millionen US-Dollar von Pronatel, dem nationalen Telekommunikationsprogramm Perus, erhalten hat.
Der Auftrag umfasst die Migration und Aufrüstung der regionalen Breitbandinfrastruktur in den Regionen Apurímac, Huancavelica und Ayacucho. Die Umsetzung soll innerhalb von 12 Monaten abgeschlossen sein, gefolgt von vier Jahren Servicebereitstellung. Die Initiative wird fast 800 öffentlichen Einrichtungen—Schulen, Gesundheitszentren und Polizeistationen—in 280 Orten eine Internetverbindung mit 200 Mbps bereitstellen und damit Perus Digitalisierungsagenda vorantreiben.
Highlights
- Stärkt die langjährige Partnerschaft von Gilat mit der peruanischen Regierung.
- Ergänzt einen bedeutenden mehrjährigen Umsatzstrom und vertieft die Präsenz in Lateinamerika.
- Das Formular enthält keine Änderungen der unternehmensweiten Finanzprognosen.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
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| (Commission File Number) | (IRS Employer Identification No.) |
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| (Address of principal executive offices) | (Zip Code) |
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(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 2.02. Results of Operations and Financial Condition.
On July 22, 2025, Southern First Bancshares, Inc., holding company for Southern First Bank, issued a press release announcing its financial results for the period ended June 30, 2025. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 7.01 Regulation FD Disclosure.
A copy of a slide presentation also highlighting Southern First Bancshares, Inc. financial results for the period ended June 30, 2025 is furnished as Exhibit 99.2 to this Current Report on Form 8-K. The slide presentation also will be available on our website, www.southernfirst.com, under the “Investor Relations” section.
ITEM 9.01. Financial Statements and Exhibits.
| (d) Exhibits | The following exhibit index lists the exhibits that are either filed or furnished with the Current Report on Form 8-K. |
EXHIBIT INDEX
| Exhibit No. | Description |
| 99.1 | Earnings Press Release for the period ended June 30, 2025. |
| 99.2 | Slide Presentation. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SOUTHERN FIRST BANCSHARES, INC. | |||
| By: | /s/ Christian J. Zych | ||
| Name: | Christian J. Zych | ||
| Title: | Chief Financial Officer | ||
July 22, 2025
FAQ
What did Gilat Satellite Networks (GILT) announce in its July 2025 Form 6-K?
How long will the Peru broadband project last?
Which regions and institutions will benefit from the new 200 Mbps service?
Did Gilat provide updated financial guidance in the filing?
Why is the Pronatel contract important for investors?
