Southland Holdings Appoints New CFO, Sets Salary
Ticker: SLND-WT · Form: 8-K · Filed: May 31, 2024 · CIK: 1883814
| Field | Detail |
|---|---|
| Company | Southland Holdings, INC. (SLND-WT) |
| Form Type | 8-K |
| Filed Date | May 31, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, personnel-change
Related Tickers: SLND
TL;DR
Southland Holdings names Michael McGovern CFO at $275k/year, O'Connell out.
AI Summary
Southland Holdings, Inc. announced on May 30, 2024, the appointment of Michael J. McGovern as Chief Financial Officer, effective immediately. McGovern, who previously served as Interim CFO, will receive an annual base salary of $275,000. The company also announced the departure of its previous CFO, Daniel J. O'Connell.
Why It Matters
The appointment of a permanent CFO is a significant step for Southland Holdings, providing financial leadership stability and potentially impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty and potential operational adjustments.
Key Numbers
- $275,000 — CFO Annual Salary (This is the base salary for the newly appointed CFO, Michael J. McGovern.)
Key Players & Entities
- Southland Holdings, Inc. (company) — Registrant
- Michael J. McGovern (person) — Appointed Chief Financial Officer
- $275,000 (dollar_amount) — Annual base salary for new CFO
- Daniel J. O'Connell (person) — Departing Chief Financial Officer
- May 30, 2024 (date) — Effective date of appointment and report
FAQ
Who has been appointed as the new Chief Financial Officer of Southland Holdings, Inc.?
Michael J. McGovern has been appointed as the new Chief Financial Officer of Southland Holdings, Inc.
What is the effective date of Michael J. McGovern's appointment?
The appointment of Michael J. McGovern is effective immediately as of May 30, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael J. McGovern is $275,000.
Who previously held the position of CFO at Southland Holdings, Inc.?
Daniel J. O'Connell previously held the position of CFO at Southland Holdings, Inc. and has departed.
What was Michael J. McGovern's role prior to his appointment as CFO?
Prior to his appointment as CFO, Michael J. McGovern served as Interim CFO for Southland Holdings, Inc.
Filing Stats: 459 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-05-31 17:24:34
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share SLND NYSE American LLC
- $11.50 — of common stock at an exercise price of $11.50 per share SLND WS NYSE American LLC
Filing Documents
- southlandholdings_8k.htm (8-K) — 37KB
- image_001.jpg (GRAPHIC) — 2KB
- 0001829126-24-003904.txt ( ) — 256KB
- slnd-20240530.xsd (EX-101.SCH) — 4KB
- slnd-20240530_def.xml (EX-101.DEF) — 26KB
- slnd-20240530_lab.xml (EX-101.LAB) — 36KB
- slnd-20240530_pre.xml (EX-101.PRE) — 25KB
- southlandholdings_8k_htm.xml (XML) — 6KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 30, 2024 SOUTHLAND HOLDINGS, INC. (Exact Name of Registrant as Specified in Charter) Delaware 001-41090 87-1783910 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 1100 Kubota Drive Grapevine , TX 76051 (Address of Principal Executive Offices) (Zip Code) (817) 293-4263 (Registrant's Telephone Number, Including Area Code) 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): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.0001 per share SLND NYSE American LLC Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share SLND WS NYSE American LLC 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 30, 2024, Brian Pratt gave the Board of Directors (the "Board") of Southland Holdings, Inc. ("Southland") notice of his resignation as Chairman of the Board and Director of Southland. Mr. Pratt's resignation was to pursue other opportunities and did not result from any disagreements with management or the Board. The Board wishes to thank Mr. Pratt for his service and the numerous contributions he has made to the success of the Southland. 1 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. Dated: May 31, 2024 SOUTHLAND HOLDINGS, INC. By: /s/ Frank S. Renda Name: Frank S. Renda Title: President and Chief Executive Officer 2