Southland Holdings, Inc. — Form 10-Q

Southland Holdings, Inc. amended and restated the employment agreement of Keith Bassano (Treasurer and CFO) effective August 11, 2026. Key terms include: base salary of $475,000/year; annual performance bonus targeted at 80–200% of base salary (minimum $200,000 guaranteed for 2026–2029); quarterly bonuses during a 'Milestone Period'; up to 7 milestone bonuses of $150,000 each (totaling $1.05M if all achieved); severance of 1× (or 2× upon change of control) base salary plus target bonus; 18 months continued benefits upon termination without cause; and equity eligibility subject to separate award agreements. The agreement supersedes a prior May 9, 2025 employment agreement and includes standard confidentiality, non-solicitation, and non-disparagement covenants with 1-year post-employment restrictions.