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(State or other jurisdiction of
incorporation) |
(Commission File Number)
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(I.R.S. Employer
Identification Number) |
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(Address of principal executive offices)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class: | Trading symbol: | Name of each exchange on which registered: |
$.01 PER SHARE
|
THE
(NASDAQ GLOBAL SELECT MARKET)
|
Name and Position as of May 2, 2023
|
Former Base
Salary
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Base Salary
Effective April 3, 2023
|
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Randolph L. Marten
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$ | 794,000 | $ | 818,000 | ||||
(Executive Chairman)
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||||||||
Timothy M. Kohl
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$ | 729,000 | $ | 751,000 | ||||
(Chief Executive Officer)
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James J. Hinnendael
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$ | 400,000 | $ | 412,000 | ||||
(Executive Vice President and Chief Financial Officer)
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Douglas P. Petit
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$ | 389,000 | $ | 401,000 | ||||
(President)
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Annual Board Retainer
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$ | 45,000 | ||
Lead Director
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15,000 | |||
Audit Committee chair
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15,000 | |||
Compensation Committee chair
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10,000 | |||
Nominating/Corporate Governance Committee chair
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10,000 |
For
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Withheld
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Broker Non-Votes
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||||||||||
Randolph L. Marten
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73,407,284 | 1,490,377 | 2,395,487 | |||||||||
Larry B. Hagness
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64,220,118 | 10,677,543 | 2,395,487 | |||||||||
Thomas J. Winkel
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66,116,493 | 8,781,168 | 2,395,487 | |||||||||
Jerry M. Bauer
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69,370,616 | 5,527,045 | 2,395,487 | |||||||||
Robert L. Demorest
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65,224,185 | 9,673,476 | 2,395,487 | |||||||||
Ronald R. Booth
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72,180,686 | 2,716,975 | 2,395,487 | |||||||||
Kathleen P. Iverson
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74,544,366 | 353,295 | 2,395,487 | |||||||||
Patricia L. Jones
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73,209,762 | 1,687,899 | 2,395,487 |
For
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Against
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Abstain
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Broker Non-Votes
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||||||||||
73,998,332 | 814,634 | 84,695 | 2,395,487 |
1 Year
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2 Years
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3 Years
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Abstain
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Broker Non-Votes
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|||||||||||||
69,079,403 | 51,805 | 5,698,019 | 68,434 | 2,395,487 |
For
|
Against
|
Abstain
|
Broker Non-Votes
|
||||||||||
76,836,706 | 447,347 | 9,095 | 0 |
Exhibit No.
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Description
|
|
10.1
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||
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document).
|
MARTEN TRANSPORT, LTD. | ||||
Dated: May 8, 2023 | By | /s/ James J. Hinnendael | ||
James J. Hinnendael | ||||
Its: |
Executive Vice President and
Chief Financial Officer
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Exhibit 10.1
Marten Transport, Ltd.
Named Executive Officer Compensation
On May 2, 2023, the Company’s Compensation Committee approved an increase to the base salary for each of the Company’s named executive officers listed below, retroactive to April 3, 2023. Effective April 3, 2023, the named executive officers will receive the following annual base salaries in the listed positions:
Name and Position as of May 2, 2023 |
Former Base Salary |
Base Salary Effective April 3, 2023 |
||||||
Randolph L. Marten |
$ | 794,000 | $ | 818,000 | ||||
(Executive Chairman) |
||||||||
Timothy M. Kohl |
$ | 729,000 | $ | 751,000 | ||||
(Chief Executive Officer) |
||||||||
James J. Hinnendael |
$ | 400,000 | $ | 412,000 | ||||
(Executive Vice President and Chief Financial Officer) |
||||||||
Douglas P. Petit |
$ | 389,000 | $ | 401,000 | ||||
(President) |
Document And Entity Information |
May 02, 2023 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | MARTEN TRANSPORT, LTD. |
Document, Type | 8-K |
Document, Period End Date | May 02, 2023 |
Entity, Incorporation, State or Country Code | DE |
Entity, File Number | 0-15010 |
Entity, Tax Identification Number | 39-1140809 |
Entity, Address, Address Line One | 129 Marten Street |
Entity, Address, City or Town | Mondovi |
Entity, Address, State or Province | WI |
Entity, Address, Postal Zip Code | 54755 |
City Area Code | 715 |
Local Phone Number | 926-4216 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | COMMON STOCK |
Trading Symbol | MRTN |
Security Exchange Name | NASDAQ |
Entity, Emerging Growth Company | false |
Amendment Flag | false |
Entity, Central Index Key | 0000799167 |
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