Company: SLND-WT
Filing Date: 2025-04-03
Form Type: PRE 14A
Source: 0001558370-25-004402
Chunk: 4

Company: Southland Holdings, Inc.
Filing Date: 2025-04-03
Form: PRE 14A
Chunk 4
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 Board also considered the advantages of a declassified board structure, including, but not limited to, greater accountability from each member of the Board and a greater focus on stockholder interests. Additionally, the Board considered that stockholders of public companies are generally supportive of shifting from classified boards to the annual election of directors. After weighing these considerations, the Board determined that Proposal 1 better aligns our governance with what is considered to be governance best practices by the investor community and therefore, declassifying the Board is in the best interest of the Company and its stockholders. Impact of Proposal 1 - Annual Elections of Directors If Proposal 1 is approved at the Annual Meeting, the classified (three-year, staggered term) Board structure would be eliminated upon the filing of a Certificate of Amendment with the Secretary of State of the State of Delaware, which we would file promptly following the Annual Meeting. As a result, if Proposal 1 is approved, the Charter and Bylaws will be amended, substantially in the form as set forth in Appendix A-1 and Appendix A-2, respectively, and each member of the Board of Directors will stand for re-election at the 2026 annual meeting of stockholders for a one-year term. If Proposal 1 is not approved at the Annual Meeting, we will continue to have a classified Board structure, and during our 2026 annual meeting of stockholders, our stockholders will be asked to elect the director nominees to serve as Class III directors. BOARD OF DIRECTORS RECOMMENDATION The Board of Directors unanimously recommends a vote FOR the declassification of our Board of Directors by amending our (1) Second Amended and Restated Certificate of Incorporation and (2) Amended and Restated Bylaws.

2

PROPOSAL 2: ELECTION OF CLASS II DIRECTOR**

The Board of Directors is currently divided into three classes and each director serves for a term of three years. The classes are arranged so that the terms of the directors in each class expire at successive annual meetings. The Board currently consists of seven directors. If Proposal 1 is approved, our Board will no longer be divided into three classes, and each director will serve for a term of one year.

The term of our Class II Directors, Izzy Martins and Rudy Renda, will expire at the Annual Meeting. The Board, upon the recommendation of our Nominating and Governance Committee, has nominated Izzy Martins and Rudy Renda for a new term. If elected, and Proposal 1 is approved, the nominees