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Star Equity Holdings, Inc. 10% Series A Cumulative Perpetual Preferred Stock 8-K Filings

STRRP NASDAQ

Every 8-K that Star Equity Holdings, Inc. 10% Series A Cumulative Perpetual Preferred Stock (STRRP) 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 STRRP 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 STRRP filings page.

Rhea-AI Summary

Star Equity Holdings, Inc. (STRR) reported that its Board of Directors declared a cash dividend on its 10% Series A Cumulative Perpetual Preferred Stock of $0.25 per share. The dividend will be paid on September 10, 2026 to holders of record as of September 1, 2026.

The company describes itself as a diversified holding company operating through four divisions: Building Solutions, Business Services, Energy Services, and Investments. It also notes that in August 2025 it completed a merger in which Star Operating Companies, Inc. became a wholly owned subsidiary, followed by a name and Nasdaq ticker change to STRR and STRRP in September 2025.

Rhea-AI Summary

Star Equity Holdings, Inc. entered into a definitive Merger Agreement to acquire Harte Hanks, Inc. via a merger of a Star subsidiary into Harte Hanks, which will become a wholly owned subsidiary and continue operating under the Harte Hanks brand within Star’s Business Services division. Each Harte Hanks common share will be converted into $5.00 per share in consideration, consisting of cash, Star 10% Series A Cumulative Perpetual Preferred Stock, or a combination, subject to an overall cash cap.

The transaction values Harte Hanks at approximately $38.4 million of equity based on about 7.68 million fully diluted shares. Up to $19.2 million (roughly 50% of consideration) may be paid in cash, with the balance in Star preferred stock; no Star common stock will be issued. The combined company is presented with FY 2025 pro forma revenue of about $384 million and pro forma adjusted EBITDA of about $30 million after an estimated $10 million of annual run-rate cost synergies, largely from eliminating duplicative public-company and corporate overhead.

Closing is subject to Harte Hanks stockholder approval, effectiveness of a Form S-4 registering the Star preferred stock, required third-party consents, and completion of debt financing (including a draw of up to $15 million under Harte Hanks’ credit facility or alternative financing). Each party may owe a $1,152,000 termination fee in specified circumstances, and maximum liability for breaches is capped at the same amount. Star also highlights approximately $215 million of U.S. federal net operating losses as a benefit to the combined company, and states the preferred-stock structure is intended to avoid an ownership change under Section 382.

Rhea-AI Summary

Star Equity Holdings, Inc. reported strong top-line growth but continued losses for the quarter ended June 30, 2026. Revenue rose to $54.9 million, up 54.6% from the second quarter of 2025, while gross profit increased to $22.8 million, up 22.3%. Adjusted EBITDA improved to $2.2 million from $1.3 million a year earlier.

Despite this growth, the company posted a larger net loss attributable to common shareholders of $2.5 million (loss of $0.66 per diluted share), compared with a loss of $0.7 million (loss of $0.23) in the prior-year quarter. Adjusted net loss per diluted share was $0.15 versus adjusted net income of $0.20 a year ago. Cash, including restricted cash, totaled $8.9 million at quarter-end, and operating activities used $1.7 million of cash in the quarter. Divisional results were mixed: Building Solutions saw lower revenue and margins but higher backlog, Business Services had modest revenue growth but lower profitability, and Energy Services delivered higher revenue, gross profit, and adjusted EBITDA.

Rhea-AI Summary

Star Equity Holdings, Inc. reports that its common stock has been added to the Russell Microcap® Index following the 2026 Russell indexes reconstitution, effective after the U.S. market close on June 26, 2026. This index tracks the microcap segment of the U.S. equity market and is widely used by institutional investors as a benchmark for smaller-cap stocks. Management highlights the inclusion as a milestone that may expand visibility with institutional and microcap-focused investors as the company pursues its diversified strategy across Building Solutions, Business Services, Energy Services, and Investments.

Rhea-AI Summary

Star Equity Holdings furnished an updated investor presentation outlining its diversified holding company strategy and financial profile as of March 31, 2026. The company reports pro forma trailing twelve‑month revenue of $228.2 million, gross profit of $95.0 million, and adjusted EBITDA of $12.2 million.

Management targets adjusted EBITDA of about $40 million by 2030, driven by organic growth and acquisitions across Building Solutions, Business Services, Energy Services, and Investments. Star Equity highlights approximately $215 million of U.S. net operating loss carryforwards, which it estimates could translate into about $45 million of future cash tax savings.

The company emphasizes capital allocation through opportunistic share repurchases (about $10 million since 2020), potential monetization of more than $20 million of non‑cash‑generating assets, and continued use of preferred stock for M&A. Insiders hold roughly 33% of shares, aligning leadership with shareholders.

Rhea-AI Summary

Star Equity Holdings, Inc. entered into an At Market Issuance Sales Agreement with Ladenburg Thalmann & Co. Inc. that allows it to sell up to $8,700,000 of its 10% Series A Cumulative Perpetual Preferred Stock from time to time through the sales agent. Sales will be made as “at the market” offerings under an effective Form S-3 shelf registration, with the company paying a commission of up to 3.0% of the gross sales price per share and reimbursing certain expenses. The company is not obligated to sell any shares and can suspend offers under the program at any time.

Rhea-AI Summary

Star Equity Holdings, Inc. reported that its Board of Directors declared a cash dividend of $0.25 per share on its 10% Series A Cumulative Perpetual Preferred Stock. The dividend will be paid on June 10, 2026 to holders of record on June 1, 2026.

The company describes itself as a diversified holding company with four divisions: Building Solutions, Business Services, Energy Services, and Investments, each focused on different industrial, services, and investment activities.

Rhea-AI Summary

Star Equity Holdings, Inc. reported a much larger loss despite strong growth for the quarter ended March 31, 2026. Revenue rose to $50.1 million, up 57.1% from the first quarter of 2025, while gross profit increased to $20.6 million, up 25.4%.

Net loss attributable to common shareholders widened to $4.4 million, or $1.17 per diluted share, compared with a loss of $1.8 million, or $0.59 per share, a year earlier. Adjusted net loss per diluted share was $0.99 versus $0.38, and adjusted EBITDA loss increased to $1.6 million from $0.7 million.

Building Solutions generated $11.6 million of revenue with an adjusted EBITDA loss of $0.9 million and quarter-end backlog of $8.0 million. Business Services delivered $35.0 million of revenue and an adjusted EBITDA loss of $0.3 million, while Energy Services produced $3.5 million of revenue and $1.0 million of adjusted EBITDA.

The company ended the quarter with $10.3 million in total cash, including restricted cash, and used $1.4 million in operating cash flow. It repurchased 70,424 shares for about $0.7 million and highlighted approximately $215 million of U.S. net operating loss carryforwards as of December 31, 2025.

Rhea-AI Summary

Star Equity Holdings, Inc. furnished an investor presentation outlining its diversified holding company strategy, financial profile, and long-term targets. The company highlights four divisions—Building Solutions, Business Services, Energy Services, and Investments—and emphasizes organic growth, acquisitions, and share repurchases.

For 2025 pro forma, Star Equity presents revenue of $224.7 million, gross profit of $95.0 million, and total adjusted EBITDA of $12.6 million, with a Vision 2030 goal of roughly $40 million in adjusted EBITDA. Management notes approximately $215 million of U.S. net operating loss carryforwards, which it estimates could translate into about $45 million of cash tax savings, or roughly $12.18 per share.

The presentation describes a three-pronged strategy to grow existing operating companies, pursue targeted investments, and acquire both public and private businesses, particularly microcaps. It also details portfolio optimization efforts, including prior divestitures, real estate sale‑leasebacks, and private and public investments managed through Star Equity Fund.

Rhea-AI Summary

Star Equity Holdings, Inc., through its subsidiary Alliance Drilling Tools, completed sale and leaseback transactions for two properties in Texas and Utah on March 27, 2026. The Midland, Texas property was sold for $1.14 million and the Vernal, Utah property for $0.55 million, with prices subject to tax and other adjustments.

Alliance Drilling Tools simultaneously entered into 20-year, single-tenant triple net leases for both properties, guaranteed by Star Equity, with four optional five-year extensions. Under these leases, the subsidiary is responsible for rent plus insurance, taxes, utilities, and other property-related expenses.

Rhea-AI Summary

Star Equity Holdings, Inc. updated its executive incentive compensation for 2025 and set new targets for 2026. For 2025, the Compensation Committee awarded CEO Jeffrey E. Eberwein an RSU bonus of $268,380, COO Richard K. Coleman, Jr. a $90,000 cash bonus and $45,000 RSU bonus, CAO Matthew K. Diamond a $45,743 cash bonus and $53,021 RSU bonus, and HTS Global CEO Jacob Zabkowicz a $150,000 cash bonus.

For 2026, the Committee adopted a new Executive Incentive Compensation Plan with target RSU opportunity of $650,000 for Eberwein, and combined cash and RSU targets of $337,500 for Coleman and $165,000 for Diamond. It also confirmed a 2026 target cash opportunity of $500,000 and 30,000 preferred shares for Zabkowicz. Payouts depend on adjusted EBITDA, corporate cost and qualitative objectives, and a separate 2026 long-term incentive program will reward growth in adjusted common shareholders’ equity book value over 2026–2028.

Rhea-AI Summary

Star Equity Holdings reported strong 2025 growth driven by its Q3 merger, but remained unprofitable on a GAAP basis. Fourth-quarter revenue rose to $56.8 million, up 69% from a year earlier, with gross profit of $24.2 million and adjusted EBITDA increasing to $2.2 million from $0.9 million.

For full-year 2025, revenue grew 23% to $172.2 million, while adjusted EBITDA improved to $4.2 million from $0.9 million and pro forma adjusted EBITDA reached $12.6 million. Net loss attributable to common shareholders widened to $6.7 million, or $2.08 per diluted share, but adjusted net loss narrowed to $0.6 million, or $0.20 per share. The company ended 2025 with $13.4 million in cash including restricted cash, used $7.3 million in operating cash flow, and repurchased about 280,886 shares for $2.6 million. Star highlighted a $215 million U.S. net operating loss carryforward and set its 2026 annual meeting for May 27, 2026, with stockholder proposal and nomination notices due by March 27, 2026.

Rhea-AI Summary

Star Equity Holdings, Inc. announced that its Board of Directors declared a cash dividend of $0.25 per share on its 10% Series A Cumulative Perpetual Preferred Stock. Shareholders of this preferred stock on record as of March 1, 2026 will receive the dividend on March 10, 2026.

The company also notes its recent corporate evolution, including the August 22, 2025 merger through which Star Operating Companies, Inc. became a wholly owned subsidiary, and its September 5, 2025 name and Nasdaq ticker changes to Star Equity Holdings, Inc., trading under STRR and STRRP.

Rhea-AI Summary

Star Equity Holdings, Inc. submitted a current report to furnish an updated investor presentation about its business and operations as of September 30, 2025. The company made this presentation available on February 3, 2026, through the Investor Relations section of its website.

The presentation is provided under Regulation FD as summary information and is attached as Exhibit 99.1. It is furnished, not filed, so it is not subject to certain Exchange Act liabilities and is not automatically incorporated into other securities law filings.