Every 8-K that Southland Holdings, Inc. (SLND) 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 SLND 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 SLND filings page.
Southland Holdings, Inc. (SLND) announced that certain subsidiaries entered into a Settlement Agreement on August 26, 2026 with Liberty Mutual Insurance Company and, for certain purposes, Zurich American Insurance Company and Fidelity and Deposit Company of Maryland, relating to the Washington State Convention Center project surety exposures.
Under the Settlement Agreement, the company will pay $5 million to Liberty on or before September 30, 2026 to fully resolve and settle approximately $36.4 million of losses incurred by Liberty as a surety on the project, including about $34 million tied to the WSCC judgment. Southland had previously recorded a surety payable equal to the settlement amount on its unaudited condensed consolidated balance sheet as of June 30, 2026. Based on a preliminary assessment, Southland expects this settlement to favorably impact income (losses) before income taxes by about $29 million in the third quarter of 2026, though the company is still evaluating the precise accounting treatment. Southland remains in negotiations with Zurich regarding the remaining surety payable related to the WSCC judgment.
Southland Holdings, Inc. entered into a Financial Assistance Agreement with its surety providers and a Second Amendment to its term loan Credit Agreement, both dated August 13, 2026. These arrangements formalize and restructure extensive surety and lender support for bonded construction projects and existing debt.
As of June 30, 2026, the Sureties had provided $58.97 million of Bonding Surety Financing and $150.86 million of Non-Bonding Financing, totaling approximately $209.8 million. The company expects to convert $150.86 million of Non-Bonding Financing into senior non-voting preferred shares with a $1,000 stated value and liquidation preference, ranking senior to all other equity, with final sizing tied to 50% of actual project losses. Remaining Non-Bonding Financing will be unsecured, non-interest-bearing indebtedness, potentially subject to forgiveness if project outcomes fall within 20% of expected loss.
The Second Amendment reduces the term loan interest rate during a defined Relief Period to a 4.00% fixed paid-in-kind rate, suspends scheduled amortization and early-termination premiums, and eases liquidity and reporting covenants, while leaving the September 30, 2028 maturity in place on an outstanding balance of $96.4 million.
Southland Holdings, Inc. reported very weak results for the quarter ended June 30, 2026. Revenue was $113.3 million, down 47.4% from $215.4 million a year earlier, and the company recorded a gross loss of $71.2 million with gross margin at (62.9)%. Management attributed the decline mainly to unfavorable non-cash adjustments on legacy disputes: a comprehensive reassessment of claims led to a $102.3 million negative revenue adjustment and a $93.6 million hit to gross profit, while the Materials & Paving business further reduced gross profit.
Net loss attributable to Southland stockholders was $84.3 million for the quarter and $112.6 million for the first half of 2026, compared with losses of $10.3 million and $14.9 million in the prior-year periods. Quarterly EBITDA swung to ($73.4 million) from $4.2 million. For the first six months, operations used $171.9 million of cash, partly offset by $195.7 million of advances from surety funds, and cash and restricted cash ended at $45.7 million. Backlog remained sizable at $1.68 billion as of June 30, 2026, down from $2.03 billion at year-end, while total liabilities exceeded assets, resulting in a total equity deficit of $248.2 million.
Southland Holdings, Inc. reported the results of its 2026 annual stockholder meeting held on June 10, 2026. A total of 54,218,882 common shares were issued, outstanding and entitled to vote, and 47,688,898 shares were represented in person or by proxy, reflecting 88.0% participation.
Stockholders elected all seven director nominees to terms expiring at the 2027 annual meeting. Vote totals for each nominee were in the low-40 million range in favor, with a few million votes against and broker non-votes reported for each.
Stockholders also ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 47,667,887 votes cast for, 16,182 against, and 4,829 abstentions. All proposals received the requisite approvals.
Southland Holdings reported weaker results for the quarter ended March 31, 2026. Revenue was $172.4 million, down 28.0% from $239.5 million a year earlier, leading to a gross loss of $4.8 million and a gross margin of -2.8% versus 9.0%.
Net loss attributable to Southland stockholders widened to $28.4 million, or $(0.52) per share, compared with a $4.6 million loss, or $(0.08) per share, in 2025. EBITDA moved from a positive $10.1 million to a negative $14.1 million.
The Civil segment produced $103.8 million of revenue with a 14.1% margin, while Transportation generated $68.6 million of revenue and a -28.3% margin. Backlog remained large at $1.88 billion as of March 31, 2026. Operating activities used $133.9 million of cash, and total stockholders’ equity showed a deficit of $168.9 million.
Southland Holdings, Inc., through its subsidiary American Bridge Company, entered into a Settlement Agreement resolving litigation tied to the Washington State Convention Center expansion project in Seattle.
The case had produced a Merits Judgment of about $57.1 million, which American Bridge’s sureties already paid with interest totaling $57.8 million. Under the new agreement, the Sureties will pay an additional approximately $26.5 million to Clark/Lewis to settle remaining cost, fee, interest, and sanction-related amounts. In exchange, the parties will dismiss all project-related claims with prejudice, subject to limited exceptions, and provide broad mutual releases.
The company states that American Bridge’s financial obligations from this settlement are consistent with prior estimates in its recent annual report. Southland and the Sureties are negotiating a long-term financing agreement for amounts the Sureties paid, and the Sureties have agreed to forbear from seeking repayment until at least March 27, 2027.
Southland Holdings reported steep losses for fourth quarter and full-year 2025, driven by a major legal setback on a legacy project. Q4 2025 revenue fell to $104.0 million from $267.3 million, and net loss attributable to stockholders widened to $216.4 million, or $4.00 per share, from $4.2 million, or $0.09 per share.
For 2025, revenue declined 21.2% to $772.2 million, while net loss attributable to stockholders nearly tripled to $306.5 million, or $5.67 per share, and EBITDA was a loss of $191.4 million. Results were heavily impacted by a $135.8 million unfavorable adjustment tied to an adverse trial court ruling on the Washington State Convention Center project.
The company derecognized $40.3 million of contract assets, reduced retainage receivables by $6.4 million, and recorded an $89.1 million long-term accrued liability, contributing to stockholders’ equity turning to a $140.9 million deficit as of December 31, 2025. Despite this, Southland cited a $2.0 billion year-end backlog and highlighted surety support, including forbearance on any WSCC-related settlement until at least March 27, 2027, alongside a strategic plan focused on higher-margin core markets and debt reduction.
Southland Holdings, Inc. has restructured its term loan facilities and shifted its primary lenders to its surety providers. The company entered into an Assignment and Assumption Agreement under which approximately $15.4 million was paid to the resigning agent, including about $14.4 million of principal and $1.0 million of accrued interest and fees.
Existing lenders assigned about $110.0 million in loan principal under the Credit Agreement to surety assignees, and the delayed draw term loan commitment was terminated. The sureties agreed to waive quarterly principal and monthly interest payments until maturity, as well as all existing defaults and covenant violations, in exchange for the company disposing of idle equipment and other assets and using those proceeds to reduce principal.
The company also notes that Berkshire, Zurich, and Markel have advanced a collective $116 million under general indemnity agreements for bonded projects, with repayment not required before March 27, 2027. Southland is working with the sureties on both an amendment to the Credit Agreement and a longer-term financing arrangement, although it states there can be no assurances that such agreements will be reached.
Southland Holdings, Inc. reports that surety providers are advancing funds to support its bonded construction projects. Markel Insurance has advanced about $5 million under a general indemnity agreement, while previously disclosed arrangements with Berkshire Hathaway Specialty Insurance and Zurich Insurance have led to advances of about $21 million and $33 million, respectively. In total, these sureties have advanced roughly $59 million to pay bonded contract obligations and keep projects moving.
The company is working with Callodine Commercial Finance, as agent under its Term Loan and Security Agreement dated September 30, 2024 (amended March 3, 2025), and the associated lenders to assess how these surety advances affect its credit agreement. Southland is also negotiating with its sureties and lenders for additional surety funding and a long-term financing arrangement, but notes there is no assurance that such additional funding or a long-term solution will be reached.
Southland Holdings, Inc. disclosed that its wholly owned subsidiary American Bridge Company received an adverse trial court ruling related to construction of the Washington State Convention Center. On January 15, 2026, a King County, Washington court entered a judgment in favor of Clark/Lewis Joint Venture and against American Bridge and certain sureties, jointly and severally, for a principal amount of approximately $57 million.
American Bridge strongly disagrees with the decision and plans to appeal, but there is no assurance the appeal will succeed. Southland is working with its term loan agent, Callodine Commercial Finance, LLC, and the lenders under its Credit Agreement to assess how this judgment affects its debt arrangements. The company is also analyzing how the ruling will impact its accounting and financial reporting.
Southland Holdings, Inc. reports that Zurich Insurance Company Ltd, a surety provider, has advanced approximately $15 million under a general indemnity agreement to pay bonded construction contract obligations and keep projects moving. Southland is obligated to indemnify and reimburse Zurich for these surety funds, creating an additional repayment obligation. The company is working with Callodine Commercial Finance, LLC, as agent, and the lenders under its existing credit agreement to determine how this surety funding affects its loan terms. Southland is also discussing the potential for additional surety funds and a long‑term financing arrangement, but states there is no assurance that such further funding or a long‑term solution will be reached.
Southland Holdings, Inc. reports that Berkshire Hathaway Specialty Insurance Company, one of its surety providers, has agreed to advance up to $30 million in surety funds to pay bonded construction contract obligations and keep related projects progressing. Beginning on December 22, 2025, the surety has already advanced approximately $14 million under a general indemnity agreement, and Southland is obligated to indemnify and reimburse the surety for these amounts.
The company is working with Callodine Commercial Finance, LLC, as agent, and the lenders under its Term Loan and Security Agreement dated September 30, 2024, as amended on March 3, 2025, to determine how these surety advances affect that credit agreement. Southland is also in discussions with its sureties and lenders about additional surety funding and a long-term financing arrangement, but states there can be no assurance that any further funding or long-term financing resolution will be reached.
Southland Holdings, Inc. appointed Nick Campbell as Chief Transformation Officer effective December 17, 2025, under an engagement letter with consulting firm Meru, LLC. In this role, he will provide strategic guidance as the company reviews financial and operational alternatives intended to improve its financial position and support long-term value for stakeholders, aligned with the Board’s strategic objectives.
Mr. Campbell will advise on material and non-ordinary course asset sales, executive compensation matters, and other strategic or financial alternatives, and will assist Meru in developing cash management strategies. He is a founder and Managing Partner of Meru, formed in January 2017. Southland will compensate Meru through an hourly rate and an incentive fee, while Mr. Campbell receives no direct compensation from the company. The filing states there are no family relationships or other related-party transactions involving Mr. Campbell that would be reportable beyond his interest in Meru.
Southland Holdings, Inc. (SLND) filed an 8-K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The release is furnished under Item 2.02 and attached as Exhibit 99.1.
The filing notes the company’s securities listed on NYSE American: common stock (SLND) and redeemable warrants (SLND WS). Detailed figures and commentary are contained in the press release referenced in the exhibit.
Southland Holdings, Inc. announced financial results for the quarter ended June 30, 2025 via a press release that is attached as Exhibit 99.1 to this report. The 8-K states that additional information is included in that press release and also references an interactive XBRL cover page file embedded in the submission. The filing is signed on the company’s behalf by President and Chief Executive Officer Frank S. Renda. The 8-K text itself does not present numerical results; readers must review the attached press release for the company’s reported figures and details.
Southland Holdings held its 2025 annual meeting of stockholders on June 13, with 87.1% of shares (47,049,024 of 53,996,404 total shares) represented. Three key proposals were voted on:
- Board Declassification: Shareholders approved amending the Certificate of Incorporation and Bylaws to declassify the Board of Directors with 43.6M votes in favor (96.2% approval)
- Director Elections: Two Class II directors were elected: - Izzy Martins (43.6M votes in favor) - Rudy Renda (43.5M votes in favor) Their terms will expire in 2026 if the declassification proposal is implemented, otherwise 2028
- Auditor Ratification: Grant Thornton LLP was ratified as independent auditor for FY2025 with 45.3M votes in favor (96.3% approval)
The company is classified as an emerging growth company. All proposals received strong shareholder support, with approval rates above 96% for each item.