Company: SLND-WT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005565
Chunk: 3

Company: Southland Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 3
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 to stockholder approval. Accordingly, if the Proposal 1 is approved, the terms for all directors will end at the 2026 annual meeting of stockholders, and commencing with the 2026 annual meeting of stockholders, all directors will be elected for one-year terms. In order to declassify the Board of Directors, the Company’s Second Amended and Restated Certificate of Incorporation (the “Charter”) and Amended and Restated Bylaws must be amended. Accordingly, if Proposal 1 is approved, the Charter and the Bylaws will be amended to declassify the Board, as set forth in Appendix A-1 and Appendix A-2, respectively. If Proposal 1 is approved, then promptly following the Annual Meeting, the Company will file the amendment to the Charter with the Secretary of State of the State of Delaware which will become effective upon filing and the amendment to the Bylaws will become effective simultaneously with the amendment to the Charter. The descriptions of the amendments to the Charter and Bylaws are qualified in their entirety by reference to the text of the proposed amendments, which are set forth in Appendix A-1 and Appendix A-2, respectively, of this Proxy Statement. Classes of the Board Currently, our Charter and Bylaws require that our Board be divided into three classes, designated as Class I, Class II and Class III. Each class is required to consist, as nearly equal in number as possible, of one-third of the total number of directors constituting the entire Board of Directors, with each class of directors elected to serve three-year staggered terms of office. Specifically:

| ● | The directors designated as Class I directors have terms expiring at the 2027 annual meeting of stockholders; |

| ● | The directors designated as Class II directors have terms expiring at the 2025 annual meeting of stockholders; and |

| ● | The directors designated as Class III directors have terms expiring at the 2026 annual Meeting of stockholders. |

**For more information on the current members of our Board, see “Proposal 2: Election of Class II Directors” on page 3 of this Proxy Statement. Rationale for Proposal 1 Our Board is committed to good corporate governance and regularly considers our corporate governance policies and procedures, including the classified board structure. The Board considered the advantages of a classified board structure, including, but not limited to, that a classified board structure may promote Board continuity, encourage a long-term perspective by management and the Board, and provide protection against