Company: SLND-WT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005565
Chunk: 9

Company: Southland Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 9
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 requirement that we have a compensation committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities. Although we meet the definition of a “controlled company,” we have determined at this time not to take advantage of this designation and comply with all the corporate governance rules applicable to listed companies that are not controlled companies. We may, however, determine to take advantage of these exemptions in the future. NYSE listing standards generally define an “independent director” as a person, other than an executive officer of a company or any other individual having a relationship which, in the opinion of the issuer’s board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The Board has determined that each of the directors other than Mr. Frank Renda, Mr. Rudy Renda and Mr. Winn qualifies as an independent director, as defined under the listing rules of NYSE, and that the Board consists of a majority of “independent directors,”

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as defined under the rules of the U.S. Securities and Exchange Commission (the “SEC”) and NYSE listing rules relating to director independence requirements. Corporate Governance We have structured the Company’s corporate governance in a manner we believe closely aligns our interests with those of our stockholders. Notable features of this corporate governance include:

| ● | we have independent director representation on our Audit, Compensation and Nominating and Governance Committees, and our independent directors meet regularly in executive sessions without the presence of our corporate officers or non-independent directors; |

| ● | each of the three members of our Audit Committee qualify as an “audit committee financial expert” as defined by the SEC; and |

| ● | we have implemented a range of other corporate governance best practices, including implementing a director education program. |

Insider Trading Policy and Anti-Hedging Policy The Company has adopted an Insider Trading Policy that governs the purchase, sale, or other disposition of our securities by our directors, officers and employees, that is reasonably designed to promote compliance with insider trading laws, rules and regulations, and the NYSE American listing standards. The Insider Trading policy prohibits all insiders, which includes our executive officers and directors, from engaging in hedging transactions involving the Company’s securities. Committees of the Board The Board has three standing committees: the Audit Committee, the Compensation Committee and the Nominating and Governance Committee, each of which is governed by a charter. The charters for these committees are posted on our website, www.southlandholdings.com