Orion Group Holdings Enters Material Definitive Agreement

TL;DR

**Orion Group Holdings just inked a major deal, signaling potential shifts ahead!**

AI Summary

Orion Group Holdings, Inc. filed an 8-K on February 20, 2024, to report an "Entry into a Material Definitive Agreement" and "Financial Statements and Exhibits." The filing indicates a significant event occurred on February 20, 2024, related to a material agreement. The company, based in Houston, Texas, operates in heavy construction and has a CIK of 0001402829.

Why It Matters

This filing signals a new, potentially impactful agreement for Orion Group Holdings, which could affect its future operations, financial performance, or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement but lacks specific details, making its impact uncertain.

Key Players & Entities

• Orion Group Holdings, Inc. (company) — Registrant
• February 20, 2024 (date) — Date of earliest event reported and filing date
• Houston, Texas (location) — Principal executive offices
• 0001402829 (company) — Central Index Key (CIK)
• 1-33891 (company) — Commission File Number

FAQ

Key Financial Figures

• $0.01 — ge on Which Registered Common stock, $0.01 par value per share ORN The New Yor
• $34 m — as. The purchase price is approximately $34 million, and closing is anticipated to oc

Filing Documents

• orn-20240220x8k.htm (8-K) — 35KB
• orn-20240220xex10d1.htm (EX-10.1) — 394KB
• orn-20240220xex10d1001.jpg (GRAPHIC) — 222KB
• orn-20240220xex10d1002.jpg (GRAPHIC) — 17KB
• orn-20240220xex10d1003.jpg (GRAPHIC) — 162KB
• orn-20240220xex10d1004.jpg (GRAPHIC) — 245KB
• orn-20240220xex10d1005.jpg (GRAPHIC) — 177KB
• 0001558370-24-001365.txt ( ) — 1841KB
• orn-20240220.xsd (EX-101.SCH) — 3KB
• orn-20240220_lab.xml (EX-101.LAB) — 1KB
• orn-20240220_pre.xml (EX-101.PRE) — 11KB
• orn-20240220x8k_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 20, 2024, a subsidiary of Orion Group Holdings, Inc. (the "Company") entered into a Land Sale Contract with Brixx Technologies LLC, a Texas limited liability company, who, subject to customary due diligence and closing conditions, has agreed to purchase two parcels of land in Harris County, Texas (approximately 341.3 acres), previously used by the Company as dredge placement areas. The purchase price is approximately $34 million, and closing is anticipated to occur on or before June 14, 2024. A copy of the Land Sale Contract is attached to this Current Report on Form 8-K as Exhibit 10.1. The foregoing description is qualified by reference in its entirety to such exhibit.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Land Sale Contract, dated February 20, 2024, by and between a subsidiary of Orion Group Holdings, Inc. and Brixx Technologies LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). EXHIBIT INDEX Exhibit No. Description 10.1 Land Sale Contract, dated February 20, 2024, by and between a subsidiary of Orion Group Holdings, Inc. and Brixx Technologies LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. Orion Group Holdings, Inc. Dated: February 20, 2024 By: /s/ Travis J. Boone President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR