Welcome to our dedicated page for Southland Holdings SEC filings (Ticker: SLND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Southland Holdings, Inc. filings document the regulatory record of a public infrastructure construction company with common stock and redeemable warrants. Its disclosures include 8-K reports on operating results, material agreements, surety funding arrangements, credit-agreement matters, and project-related litigation or settlements involving its construction subsidiaries.
Proxy materials describe annual meeting proposals, director elections, auditor ratification, executive compensation, board governance, and stockholder voting procedures. The filing record also covers capital-structure details, contract-risk disclosures tied to bonded construction obligations, and financial-reporting effects from legacy project disputes.
Southland Holdings CFO and Treasurer Keith Bassano exercised previously granted restricted stock units that had vested, receiving 4,546 shares of common stock. The RSUs were awarded on March 7, 2025, vested on February 28, 2026, and were settled in shares on March 23, 2026. Following the settlement, Bassano directly holds 4,546 common shares from this award and no remaining units under it.
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) director and co-COO Walter Timothy Winn reported a change in his beneficial ownership of common stock related to family trusts. On 06/03/2024, 1,675,863 shares of common stock were reported with transaction code J at a price of $0, reflecting an administrative change rather than a market sale. Effective that date, he released his right of substitution and resigned as trustee of irrevocable trusts established for the benefit of his children, and therefore no longer has beneficial ownership of those shares. Following this change, he reports 1,921,544 shares of Southland common stock owned directly, with no consideration paid or received in connection with the trust changes.
Walter Timothy "Tim" Winn filed an amended Schedule 13D for Southland Holdings, Inc. (SLND), updating his beneficial ownership in the company’s common stock. He now reports beneficial ownership of 1,921,544 shares of common stock, representing 3.5% of the class, based on 54,113,036 shares outstanding as of November 3, 2025. Winn previously was treated as beneficially owning additional shares held in irrevocable trusts for his children, but he executed releases of his power of substitution and resigned as trustee effective June 3, 2024. As a result, he no longer beneficially owns any shares held in those children’s trusts and ceased to be a beneficial owner of more than five percent of Southland’s common stock on that date.
Southland Holdings (SLND) reported Q3 2025 results. Revenue was $213.3 million, up from $173.3 million a year ago. Gross profit was $3.3 million versus a gross loss last year, and operating loss narrowed to $11.3 million. The company recorded a net loss of $77.0 million, largely reflecting $57.2 million of income tax expense tied to valuation allowances.
Total assets were $1.14 billion and total liabilities were $1.05 billion. Stockholders’ equity was $75.0 million, down from $163.7 million at December 31, 2024. Cash and cash equivalents were $40.5 million, with total debt, net, at $267.8 million and a 9.33% weighted average interest rate. Year‑to‑date operating cash flow was $6.9 million.
Backlog visibility remained sizable: remaining unsatisfied performance obligations were $2.3 billion, with about 39% expected to convert to revenue over the next twelve months. The company stated it was in compliance with covenants under its $160 million term loan facility. Shares outstanding were 54,113,036 as of November 3, 2025.