UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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 13, 2025, Cody Gallarda notified the Company of his decision to resign as Executive Vice President, Chief Financial Officer, and Treasurer of Southland Holdings, Inc. (“Southland” or, the “Company”) to pursue another opportunity outside of the Company, effective March 28, 2025 (the “Transition Date”). Mr. Gallarda’s resignation was not due to any disagreements with the Company, its Board of Directors, or any matters related to the Company’s financial statements or internal controls over financial reporting. Mr. Gallarda will continue to serve in his current roles through the Transition Date. The Company thanks Mr. Gallarda for his valuable contributions and wishes him success in his future endeavors.
On March 19, 2025, the Company appointed Keith Bassano, the Company’s current Vice President of Finance, to assume the role of Chief Financial Officer and Treasurer, effective as of the Transition Date. Mr. Bassano brings over 15 years of experience in the engineering and construction industry, where he has held various leadership roles overseeing finance, accounting, and human resources functions. Mr. Bassano joined the Company in September 2020 and joined American Bridge, a Southland subsidiary, in 2008. He holds a Bachelor of Science in Business Administration with a major in Accounting from Duquesne University and a Master of Business Administration from Robert Morris University. He is a licensed Certified Public Accountant. The Company is confident that Mr. Bassano, supported by a strong and experienced finance team, is well-positioned to lead the Company’s financial strategy and work alongside the rest of management to drive operational excellence. Effective as of the Transition Date, his annual base salary will be $357,000. In addition, Mr. Bassano will continue to be eligible to participate in the Company’s 2022 Equity Incentive Plan.
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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: March 19, 2025 | SOUTHLAND HOLDINGS, INC. | ||
By: | /s/ Frank S. Renda | ||
Name: | Frank S. Renda | ||
Title: | President and Chief Executive Officer |
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