CELADON GROUP, INC. (NYSE:CGI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On August 1, 2017, Mr. Kenneth Buck, Jr. retired from his position of Executive Vice President of Business Development of Celadon Group, Inc. (the "Company"). Mr. Buck’s decision to retire from this position does not relate to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Buck will continue to serve as a member of the Company’s Board of Directors (the “Board”).

On August 1, 2017, in connection with Mr. Buck’s transition to a non-employee director, the Compensation Committee of the Board approved a stock award of 5,576 shares to Mr. Buck under the Company’s 2006 Omnibus Incentive Plan, as amended. The stock award is subject to a two year holding period.

About CELADON GROUP, INC. (NYSE:CGI)
Celadon Group, Inc. (Celadon) is a truckload freight transportation provider. The Company’s segments are asset-based, asset-light, and equipment leasing and services. Its services involve point-to-point shipping for its customers within the United States, between the United States and Mexico, and between the United States and Canada. The Company’s primary asset-based services include the United States domestic dry van, refrigerated and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; contract service; regional and specialized short haul service, and rail intermodal service. The Company’s primary asset-light services include freight brokerage, warehousing, less-than truckload consolidation and supply chain logistics services. Celadon’s equipment leasing and services segment consists primarily of leasing activities with independent contractors and other trucking fleets.