Kyle Burtnett
On May 15, 2025, Kyle Burtnett gave the Board of Directors (the “Board”) of Southland Holdings, Inc. (“Southland” or the “Company”) notice of his resignation as a Director of Southland.
Highest-materiality recent filing
Southland Q1 2026 revenue $172.4M, net loss $28.4M, backlog $1.88B
Revenue of $172.4M down from $239.5M YoY; gross loss of $4.8M vs gross profit of $21.5M.
Southland subsidiary settles WA convention center lawsuit; sureties to pay additional $26.5M
American Bridge resolves litigation over Washington State Convention Center expansion project.
Southland Q4 net loss $216M; full-year loss $306.5M on $772M revenue
Revenue $104.0M in Q4 vs $267.3M prior year; full-year $772.2M vs $980.2M.
Paid ~$15.4M to resigning agent (Callodine): $14.4M principal + $1.0M accrued interest and fees.
Southland receives $59M surety advances; negotiating with lenders for further financing
Markel advanced ~$5M; Berkshire ~$21M; Zurich ~$33M; total ~$59M in surety funds as of Feb 4.
American Bridge received $57M judgment in case vs Clark/Lewis Joint Venture, dated January 15, 2026.
Southland Holdings receives $15M surety advance; seeking additional financing
Zurich Insurance advanced ~$15M under general indemnity agreement for bonded construction obligations.
Southland Holdings receives $14M in surety advances; seeking financing resolution
Berkshire Hathaway Specialty Insurance advanced ~$14M of up to $30M under general indemnity agreement.
Southland Holdings appoints Nick Campbell as Chief Transformation Officer
Appointed Dec 17, 2025; will advise on asset sales, executive comp, strategic alternatives, and cash management.
Southland Q3 revenue up 23% to $213M; net loss widens to $75.3M on $57M tax charge
Revenue $213.3M vs $173.3M YoY; gross profit $3.3M vs ($51.1M) loss in prior year.
Southland Holdings Q2 revenue $215.4M, net loss narrows to $10.3M from $46.1M
Revenue $215.4M vs $251.5M YoY; gross profit $13.4M vs ($40.0M) loss YoY.
Shareholders approved declassification of Board of Directors: 43.6M for, 1.7M against, 10K abstentions.
Southland Holdings director Kyle Burtnett resigns; Texas Senator Tan Parker appointed to board
Kyle Burtnett resigned as director on May 15, 2025 to pursue other opportunities, no disagreement with management.
On May 15, 2025, Kyle Burtnett gave the Board of Directors (the “Board”) of Southland Holdings, Inc. (“Southland” or the “Company”) notice of his resignation as a Director of Southland.
On May 19, 2025, the Board appointed Tan Parker as a Class I director to fill Mr. Burtnett’s vacant seat, thereby bringing the number of directors on the board back to seven, effective as of May 19, 2025.
Max materiality 0.95 · Median 0.72 · Most common event other_material