Current Report Filing (8-k)
August 22 2022 - 4:22PM
Edgar (US Regulatory)
false000092865800009286582022-08-162022-08-16
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 16, 2022
___________________________________________________________________
COVENANT LOGISTICS GROUP, INC.
(Exact name of registrant as specified in its charter)
Nevada
|
000-24960
|
88-0320154
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
400 Birmingham Hwy., Chattanooga, TN
|
37419
|
(Address of principal executive offices)
|
(Zip Code)
|
(423) 821-1212
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
$0.01 Par Value Class A common stock
|
CVLG
|
The NASDAQ Global Select Market
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
|
Emerging growth company ☐
|
|
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
|
Item 5.02
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
|
|
|
|
On August 16, 2022, the Compensation Committee of the Board of Directors of Covenant Logistics Group, Inc., a Nevada corporation (the
“Company”), approved new annualized base salaries for certain of the Company’s named executive officers as follows:
|
Named
Executive Officer
|
New Annualized Salary
|
David R. Parker
|
$766,376
|
Joey B. Hogan
|
$538,886
|
M. Paul Bunn
|
$420,014
|
Lynn Doster
|
$339,913
|
Samuel F. Hough
|
$372,923
|
Item 7.01
|
Regulation FD Disclosure.
|
|
|
|
The Company amended its Rule 10b5-1 repurchase plan (the “Plan”) on August 22, 2022. The Plan was adopted in conjunction
with the Company’s previously announced stock repurchase plan, and any repurchases under the Plan will be made in accordance with the Plan’s defined trading parameters, as amended, and executed by the Plan administrator,
consistent with the Plan and Rule 10b-18. The Plan does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the Plan at any time without prior notice.
|
|
|
|
The information contained in Item 7.01 of this report shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
|
|
|
|
The information in Item 7.01 may contain "forward-looking statements" within the meaning of Section
27A of the Securities Act and Section 21E of the Exchange Act and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such
statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results or events may differ from those anticipated by
forward-looking statements. Please refer to the italicized paragraph at the end of the attached press release and various disclosures by the Company in its press releases, stockholder reports, and filings with the
Securities and Exchange Commission for information concerning risks, uncertainties, and other factors that may affect future results.
|
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.
|
COVENANT LOGISTICS GROUP, INC.
|
|
(Registrant)
|
|
|
|
|
Date: August 22, 2022
|
By:
|
/s/ James S. Grant
|
|
|
James S. Grant
|
|
|
Executive Vice President and Chief Financial Officer
|
Covenant Transportation (NASDAQ:CVTI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Covenant Transportation (NASDAQ:CVTI)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Covenant Transportation Group Inc (NASDAQ): 0 recent articles
More Covenant Logistics Group, Inc. News Articles