Orion Group Holdings Inc — fact timeline

Orion Group Holdings Inc shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for 2026.

“Proposal No. 3: The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2026. Votes For Votes Against Abstentions 34,245,100 317,622 85,604”

Orion Group Holdings Inc shareholders approved Non-binding advisory vote on named executive officer compensation.

“Proposal No. 2: The Company’s stockholders approved a non-binding advisory proposal for the compensation of the Company’s named executive officers as disclosed in the Proxy Statement (the “say-on-pay” vote). Votes For Votes Against Abstentions Broker Non-Votes 29,338,341 437,753 16,304 4,855,928”

Orion Group Holdings Inc shareholders approved Election of two Class I directors.

“Proposal No. 1: The Company’s stockholders elected the following two Class I members to the Board, each to serve a three-year term and until his successor is duly elected and qualified. Class Name Votes For Votes Withheld Broker Non-Votes I Travis J. Boone 29,365,562 426,836 4,855,928 I Robert S. Ledford 29,443,700 348,698 4,855,928”

Orion Group Holdings Inc: Amended certificate of incorporation to expand exculpation to officers as permitted by Delaware law (effective 2026-05-20).

“At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Amendment”), to expand exculpation to officers as permitted by Delaware law. Following stockholder approval, the Company filed the Certificate of Amendment with the Secretary of State of the State of Delaware on May 20, 2026, and the Certificate of Amendment became effective upon filing.”

Orion Group Holdings Inc reported the first quarter ended March 31, 2026 results: revenue $216.3 million, net income GAAP net income of $4.7 million or $0.12 per diluted share, EPS $0.12 per diluted share. Guidance reaffirmed.

“specialty construction company, today reported its financial results for the first quarter ended March 31, 2026. ​ Highlights for the quarter ended March 31, 2026 ​ ● Revenue of $216 million, GAAP net income of $4.7 million or $0.12 per diluted share, Adjusted EBITDA of $8.7 million and Adjusted EPS of $0.05 per diluted share ● Cash flow from operations of $4.9”

Orion Group Holdings Inc updated its the fourth quarter and full year ended December 31, 2025 guidance (initiated).

“On March 3, 2026, Orion Group Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2025.”

Orion Group Holdings Inc incurred credit facility of approximately $46.9 million with UMB Bank, N.A..

“The Cash Consideration and related expenses was funded with cash on hand and borrowings of approximately $46.9 million under Orion’s Credit Agreement (as amended, modified, supplemented or amended and restated from time to time, the “UMB Credit Agreement”), dated as of December 23, 2025, with the lenders party thereto, and UMB Bank, N.A., as Administrative Agent and Issuing Bank.”

Orion Group Holdings Inc incurred loan of $12.0 million with Sellers at 6.0% maturing five years from the closing date.

“and outstanding shares and interests in the Acquired Companies for: (a) $50.0 million in cash (the “Cash Consideration”), as adjusted pursuant to the Purchase Agreement; a $12.0 million unsecured subordinated 5-year promissory note (the “Promissory Note”); and 182,392 shares of Orion’s common stock, $0.01 par value per share (the “Common Stock”), calculated as”

Orion Group Holdings Inc entered into First Amendment to the Loan Documents with guarantors party to the UMB Credit Agreement, lenders party thereto, UMB Bank, N.A., as administrative agent, and the Acquired Companies valued at approximately $46.9 million under Orion’s Credit Agreement (effective 2026-02-03).

“On February 3, 2026, Orion, the guarantors party to the UMB Credit Agreement, lenders party thereto and UMB Bank, N.A., as administrative agent and the Acquired Companies entered into a First Amendment to the Loan Documents, dated effective February 3, 2026 (the “First Amendment”)”

Orion Group Holdings Inc entered into Securities Purchase Agreement with Sellers (Shareholders, Members, Beneficial Owners), and Scott M. Vandegrift as representative valued at $50.0 million in cash; $12.0 million unsecured subordinated 5-year promissory note; 182,392 shares o (effective 2026-02-03).

“On February 3, 2026, Orion Group Holdings, Inc. (“Orion”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) and completed an acquisition (the “Acquisition”) of all of the capital stock of J.E. McAmis, Inc., a California corporation, and all of the membership interests in JEM Marine Leasing, LLC”

Orion Group Holdings Inc completed an acquisition involving Sellers (Shareholders, Members, and Beneficial Owners) for $50.0 million in cash (closed 2026-02-03).

“Sellers. The Purchase Agreement provides that Orion will acquire on the closing date all of the issued and outstanding shares and interests in the Acquired Companies for: (a) $50.0 million in cash (the “Cash Consideration”), as adjusted pursuant to the Purchase Agreement; a $12.0 million unsecured subordinated 5-year promissory note (the “Promissory Note”); and”

Orion Group Holdings Inc terminated Prior Credit Agreement with White Oak ABL, LLC and White Oak Commercial Finance, LLC valued at approximately $1.1 million (effective 2025-12-23).

“On December 23, 2025, in connection with entering into the Credit Agreement, the Company’s prior Credit Agreement, dated May 15, 2023, with White Oak ABL, LLC and White Oak Commercial Finance, LLC (the “Prior Credit Agreement) was terminated, and all amounts outstanding thereunder were repaid.”

Orion Group Holdings Inc entered into Credit Agreement with certain financial institutions from time-to-time party thereto, as lenders, and UMB Bank, N.A., as Administrative Agent and Issuing Bank valued at $120.0 million (effective 2025-12-23).

“On December 23, 2025, Orion Group Holdings, Inc., as borrower (the “Company”) entered into a $120.0 million Credit Agreement (the “Credit Agreement”) with certain financial institutions from time-to-time party thereto, as lenders, and UMB Bank, N.A., as Administrative Agent and Issuing Bank (the “Agent”).”

Orion Group Holdings Inc incurred credit facility of $120.0 million with UMB Bank, N.A. at ABR Rate or SOFR Rate plus applicable rate maturing December 2030.

“On December 23, 2025, Orion Group Holdings, Inc., as borrower (the “Company”) entered into a $120.0 million Credit Agreement (the “Credit Agreement”) with certain financial institutions from time-to-time party thereto, as lenders, and UMB Bank, N.A., as Administrative Agent and Issuing Bank (the “Agent”).”

Alison Vasquez was appointed as Executive Vice President, Chief Financial Officer and Treasurer at Orion Group Holdings Inc.

“The Company has appointed Ms. Vasquez, age 50, to succeed Mr. Thanisch as the Company’s Executive Vice President, Chief Financial Officer and Treasurer, effective June 23, 2025.”

Scott Thanisch departed as Executive Vice President, Chief Financial Officer and Treasurer at Orion Group Holdings Inc.

“Scott Thanisch will no longer serve as the Executive Vice President, Chief Financial Officer and Treasurer of Orion Group Holdings, Inc. (the “Company”) effective June 23, 2025.”

Orion Group Holdings Inc: Amended and restated bylaws effective March 20, 2025, with changes to voting standards, quorum and broker non-vote treatment, indemnification vesting, removal of board obligation to present annual statement, and amendment provision alignment with certificate of incorporation (effective 2025-03-20).

“Effective March 20, 2025, the Board of Directors (the “Board”) of Orion Group Holdings, Inc. (the “Company”) amended and restated the Company’s Amended and Restated Bylaws (as amended and restated, the “Bylaws”).”

Richard Daerr, Jr. retired as Director at Orion Group Holdings Inc.

“As previously announced on March 25, 2024, after almost 17 years of service on the Board of Directors (the “Board”) of the Company, including 13 years of service as Non-Executive Chairman of the Board and one year as Lead Independent Director, Mr. Richard Daerr, Jr. retired from the Board effective at the conclusion of the Annual Meeting.”

Orion Group Holdings Inc reported full year 2024 results: revenue revenue in the range of $860 million to $950 million. Guidance reaffirmed.

“we are reconfirming our full year 2024 guidance for revenue in the range of $860 million to $950 million and anticipated Adjusted EBITDA in the range of $45 million to $50 million.”

Orion Group Holdings Inc reported first quarter ended March 31, 2024 results: revenue Contract revenues of $160.7 million, net income Net loss for the first quarter was $6.1 million, EPS $0.19 per diluted share. Guidance reaffirmed.

“construction company, today reported its financial results for the first quarter ended March 31, 2024. ​ Highlights for the quarter ended March 31, 2024: ● Contract revenues of $160.7 million ● GAAP net loss was $6.1 million or $0.19 per diluted share ● Adjusted net loss was $4.0 million or $0.12 per diluted share ● Adjusted EBITDA was $4.1 million ● Backlog and”

Richard Daerr Jr. departed as Director at Orion Group Holdings Inc.

“Mr. Richard Daerr, Jr. informed the Chairman of the Board of Orion on March 21, 2024 pursuant to Orion’s Amended and Restated Bylaws that Mr. Daerr does not intend to stand for re-election at the Company's next Annual General Meeting of Stockholders on May 16, 2024 (the “Annual Meeting”), but instead intends to retire from the Board effective at the conclusion of the Annual Meeting.”

Orion Group Holdings Inc reported the fourth quarter and full year ended December 31, 2023 results: revenue $201.6 million, net income ($4.4 million) or ($0.13) per diluted share, EPS ($0.13) per diluted share.

“today reported its financial results for the fourth quarter and full year ended December 31, 2023. ​ Highlights for the quarter ended December 31, 2023: ● Contract revenues of $201.6 million ● GAAP net loss was $4.4 million or $0.13 per diluted share ● Adjusted net income was $2.6 million or $0.08 per diluted share ● Adjusted EBITDA was $14.8 million ● Backlog and”

Orion Group Holdings Inc entered into Land Sale Contract with Brixx Technologies LLC valued at approximately $34 million (effective 2024-02-20).

“On February 20, 2024, a subsidiary of Orion Group Holdings, Inc. (the "Company") entered into a Land Sale Contract with Brixx Technologies LLC, a Texas limited liability company, who, subject to customary due diligence and closing conditions, has agreed to purchase two parcels of land in Harris County, Texas (approximately 341.3 acres), previously used by the Company as dredge placement areas.”

Edward Chipman Earle was appointed as Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary at Orion Group Holdings Inc.

“in connection with the appointment of Edward Chipman Earle as his successor.”

Peter R. Buchler changed role as Executive Vice President and Legal Advisor at Orion Group Holdings Inc.

“Mr. Buchler has resigned from the positions of General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary of the Company effective November 27, 2023, in connection with the appointment of Edward Chipman Earle as his successor.”

Orion Group Holdings Inc reported the third quarter ended September 30, 2023 results: revenue $168.5 million, net income $0.7 million or $0.02 per diluted share, EPS $0.02 per diluted share.

“company, today reported its financial results for the third quarter ended September 30, 2023. ​ Highlights for the quarter ended September 30, 2023: ​ ● Contract revenues of $168.5 million ● GAAP net loss was $0.7 million or $0.02 per diluted share ● Adjusted net income was $0.8 million or $0.02 per diluted share ● Adjusted EBITDA was $9.4 million ● Signed contract”

Peter R. Buchler departed as Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary at Orion Group Holdings Inc.

“Mr. Buchler will retire from the Company effective upon the later of January 1, 2024, or thirty days after the first day of employment of a new General Counsel”

Orion Group Holdings Inc entered into a lease with Store Capital Acquisitions, LLC valued at $12.0 million (effective 2023-06-23).

“On June 23, 2023, the Company closed on the Land-Sale Leaseback Contract with Store Capital Acquisitions, LLC, a Delaware limited liability company, for the Company’s Port Lavaca South Yard property located in Port Lavaca, Texas for a purchase price of $12.0 million.”

Orion Group Holdings Inc entered into a lease with Pelican Marine Services, LLC valued at $8.3 million (effective 2023-06-21).

“On June 21, 2023, Orion Group Holdings, Inc. (the "Company") entered into a Land Sale-Leaseback Contract with Pelican Marine Services, LLC, a Louisiana limited liability company, who, subject to normal due diligence conditions, has agreed to purchase the Company’s Baytown Pipe Yard property in Baytown, Texas. The purchase price is $8.3 million”

Orion Group Holdings Inc shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for 2023.

“Proposal No. 4: The Company’s stockholders ratified the appointment of KPMG LLP, as the Company’s independent registered public accounting firm for 2023.”

Orion Group Holdings Inc shareholders approved Advisory vote on the frequency of future say-on-pay votes.

“Proposal No. 3: The vote to approve the frequency of the say-on-pay vote.”

Orion Group Holdings Inc shareholders approved Non-binding advisory proposal for the compensation of the Company’s named executive officers (say-on-pay vote).

“Proposal No. 2: The Company’s stockholders approved a non-binding advisory proposal for the compensation of the Company’s named executive officers as disclosed in the proxy statement (the “say-on-pay” vote).”

Orion Group Holdings Inc shareholders approved Election of three Class I directors.

“Proposal No. 1: The Company’s stockholders elected the following three Class I members to the Company’s Board of Directors, to serve a three-year term, until his/her successor is duly elected and qualified.”

Orion Group Holdings Inc entered into senior secured credit facility with White Oak ABL, LLC and White Oak Commercial Finance, LLC valued at $103.0 million (effective 2023-05-15).

“On May 15, 2023, Orion Group Holdings, Inc. (the “Company”) entered into a new three-year $103.0 million senior secured credit facility with White Oak ABL, LLC and White Oak Commercial Finance, LLC”

Orion Group Holdings Inc reported the fiscal quarter ended March 31, 2023 results: revenue $159.2 million, net income $12.6 million, EPS $0.39 per diluted share.

“totaled $ 1.1 billion ● Entered into a sales contract for the Company’s East West Jones properties for a purchase price of $36 million ● Contract revenues decreased 9.0% to $159.2 million ● Net loss was $12.6 million or $0.39 per diluted share ● Adjusted EBITDA was negative $4.1 million ​ See definitions and reconciliation of non-GAAP measures elsewhere in this”

Orion Group Holdings Inc entered into Consent Letter with Regions Bank, as Administrative Agent and Collateral Agent, and certain other lenders (effective 2023-05-05).

“On May 5, 2023, Orion Group Holdings, Inc. (the “Company”) entered into a Consent Letter (the “Consent Letter”) by and between the Company, as borrower, certain subsidiaries of the Company (the “Guarantors”), Regions Bank, as Administrative Agent (in such capacity, the “Administrative Agent”) and Collateral Agent, and certain other banks and lenders party to the Consent Letter (the “Required Lenders”).”

Orion Group Holdings Inc entered into Land Sale Contract with Equity Resource Partners - East West, LLC valued at approximately $36 million (effective 2023-04-26).

“On April 26, 2023, Orion Group Holdings, Inc. (the "Company") entered into a Land Sale Contract with Equity Resource Partners - East West, LLC, a Georgia limited liability company, who, subject to normal due diligence conditions, has agreed to purchase two parcels of land in Harris County, Texas (approximately 341.3 acres), previously used by the Company as dredge placement areas. The purchase price is approximately $36 million, and closing is anticipated on or before September 29, 2023.”

Orion Group Holdings Inc reported the fourth quarter and full year ended December 31, 2022 results: revenue $196.2 million, net income $4.9 million or $0.15 per diluted share, EPS $0.15 per diluted share.

“Contract revenues increased 20.9% to $196.2 million from $162.3 million in the fourth quarter last year”

Orion Group Holdings Inc entered into Consent Letter with Regions Bank, as Administrative Agent and Collateral Agent, and the Required Lenders (effective 2023-03-14).

“On March 14, 2023, the Company entered into a Consent Letter (the “Consent Letter”) by and between the Company, as borrower, certain subsidiaries of the Company (the “Guarantors”), Regions Bank, as Administrative Agent (in such capacity, the “Administrative Agent”) and Collateral Agent, and certain other banks and lenders party to the Consent Letter (the “Required Lenders”).”

Richard L. Daerr, Jr. resigned as Director at Orion Group Holdings Inc.

“Effective March 1, 2023, Richard L. Daerr, Jr., resigned his role as Lead Independent Director of the Board.”

Austin J. Shanfelter resigned as Chairman of the Board at Orion Group Holdings Inc.

“Effective March 1, 2023, Austin J. Shanfelter, resigned his role as Executive Chair of Orion Group Holdings, Inc. (the “Company”).”

Travis J. Boone was appointed as Class I Director at Orion Group Holdings Inc.

“On November 17, 2022, the Board of Directors (the “Board”) of Orion Group Holdings, Inc. (the “Company”) appointed Travis J. Boone, President and Chief Executive Officer of the Company, to serve as a Class I Director effective November 17, 2022.”

Orion Group Holdings Inc reported the fiscal quarter ended September 30, 2022 results: revenue $182.6 million, net income $0.2 million, EPS $0.01 diluted earnings per share.

“along with strong project delivery, as we pursue profitable growth.” 1 Consolidated Results for Third Quarter 2022 Compared to Third Quarter 2021 ● Contract revenues were $182.6 million, an increase of $42.7 million or 30.5% as compared to $139.9 million. The increase was primarily driven by the start of large jobs awarded in the fourth quarter of 2021 in the”

Gordon Scott Thanisch was appointed as Executive Vice President, Chief Financial Officer and Treasurer at Orion Group Holdings Inc.

“Orion Group Holdings, Inc. (the “Company”) is pleased to announce that Mr. Gordon Scott Thanisch has accepted the Company’s offer of employment as Executive Vice President, Chief Financial Officer and Treasurer.”

Austin J. Shanfelter changed role as Interim CEO at Orion Group Holdings Inc.

“Effective September 12, 2022, Austin J. Shanfelter will step down as Interim CEO, and thereafter, shall continue to serve as Orion’s Executive Chairman.”

Travis J. Boone was appointed as member of the Board of Directors at Orion Group Holdings Inc.

“Mr. Boone will also serve as a member of the Company’s Board of Directors.”

Travis J. Boone was appointed as President and Chief Executive Officer at Orion Group Holdings Inc.

“The Company is pleased to announce that Mr. Travis J. Boone has accepted the Company’s offer of employment as President and Chief Executive Officer.”

Richard L. Daerr, Jr. changed role as Lead Independent Director at Orion Group Holdings Inc.

“In connection with Mr. Shanfelter’s appointment, the Board has designated Richard L. Daerr, Jr., a current member of the Board, as Lead Independent Director.”

Austin J. Shanfelter was appointed as Interim Chief Executive Officer and Interim Chief Financial Officer at Orion Group Holdings Inc.

“Effective April 6, 2022, the Board appointed Austin J. Shanfelter, age 64, as the Company’s Interim Chief Executive Officer and Interim Chief Financial Officer.”