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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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:
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
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Securities registered pursuant to Section 12(b) of the Act:
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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).
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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. o
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 8, 2023, Allen W. West, Vice President of Finance, Chief Financial Officer (“CFO”), Secretary and Treasurer of P.A.M. Transportation Services, Inc. (the “Company”) notified the Company that he intends to resign his positions with the Company.
On March 13, 2023, the Board of Directors of the Company appointed Lance K. Stewart to serve as interim CFO and Treasurer of the Company effective immediately until a permanent CFO is selected. Mr. West will remain in an advisory role with the Company until June 8, 2023.
Mr. Stewart, age 53, has served as Vice President of Operations of the Company’s primary operating subsidiary, P.A.M. Transport, Inc., since 2020. He served as Vice President of Accounting of P.A.M. Transport from 2016 until 2020. Mr. Stewart previously served as Vice President of Finance, CFO, Secretary and Treasurer of the Company from 2010 until 2013 and as Vice President of Accounting and Controller of P.A.M. Transport from 2002 until 2010. He began his career with P.A.M. Transport in 1989 and served in various capacities before becoming Vice President of Accounting in 2002.
Mr. Stewart will receive an additional monthly base salary of $12,000 for his service as interim CFO.
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SIGNATURES
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.
P.A.M. TRANSPORTATION SERVICES, INC. | ||
(Registrant) | ||
Date: March 14, 2023 | By: | /s/ Joseph A. Vitiritto |
Joseph A. Vitiritto President and Chief Executive Officer |
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Cover |
Mar. 08, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Mar. 08, 2023 |
Entity File Number | 0-15057 |
Entity Registrant Name | PAM TRANSPORTATION SERVICES, INC. |
Entity Central Index Key | 0000798287 |
Entity Tax Identification Number | 71-0633135 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 297 West Henri De Tonti |
Entity Address, City or Town | Tontitown |
Entity Address, State or Province | AR |
Entity Address, Postal Zip Code | 72770 |
City Area Code | (479) |
Local Phone Number | 361-9111 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $.01 par value |
Trading Symbol | PTSI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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