Company: SLND-WT
Filing Date: 2025-03-28
Form Type: 8-K
Source: 0001829126-25-002166
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Company: Southland Holdings, Inc.
Filing Date: 2025-03-28
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 26, 2025, the
board of directors of Southland Holdings, Inc. (the “ Company”) appointed Rudy Renda as a Class II director to fill a vacant
seat, thereby bringing the number of directors on the board back to seven, effective as of March 26, 2025. Mr. Renda was recommended by
the Company’s Nominating and Corporate Governance Committee. There were no changes to Mr. Rudy Renda’s compensatory arrangements
with the Company made in connection with his appointment as director and he will not participate in the director compensation program.

Rudy Renda serves as
the Executive Vice President and Chief Operating Officer, Strategy and Special Projects, of Southland Holdings, Inc. Mr. Renda oversees
various plant and conveyance projects for the Company and has been instrumental in the Company’s completion of some of the most
complex projects in the United States. He combines nearly 30 years of construction experience at Southland LLC, leading various components
of contract administration and compliance, resource management, partnering strategies, customer relationships, and coordination across
all subsidiaries of Southland LLC. Mr. Renda earned his undergraduate degree from Texas Tech University. Rudy Renda is the first cousin
of Frank Renda, the Company’s President and Chief Executive Officer.

As previously reported,
on December 27, 2024, the Company agreed to issue to Mr. Rudy Renda 2,215,664 shares of common stock, par value $0.0001 per share, in
exchange for the full satisfaction and discharge of (i) $3,065,116.48 under that certain promissory note, dated October 31, 2016, with
an original principal amount of $3,330,975, (ii) $2,283,139.54 under that certain promissory note, dated February 14, 2023, with an original
principal amount of $5,000,000 and (iii) $2,251,479.07 under that certain promissory note, dated March 15, 2024, with an original principal
amount of $2,241,765.65.

As previously reported,
in July 2024, the Company closed a real estate purchase agreement to sell and leaseback three properties for $42.