COVENANT TRANSPORTATION GROUP, INC. (NASDAQ:CVTI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Directors (the “Compensation Committee”) of Covenant
Transportation Group, Inc., a Nevada corporation (the
“Company”), considered (i) the additional duties certain named
executive officers have recently assumed and (ii) an executive
compensation analysis performed the Company’s compensation
consultant and approved new annualized base salary amounts for
the following named executive officers, effective January 1,
2017:
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Named Executive Officer
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New Annualized Salary
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Joey B. Hogan
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$425,000
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Samuel F. Hough
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$295,000
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About COVENANT TRANSPORTATION GROUP, INC. (NASDAQ:CVTI)
Covenant Transportation Group, Inc. is a truckload transportation company. The Company provides truckload transportation and brokerage services to customers throughout the continental United States, into and out of Mexico, and into and out of portions of Canada. It operates through the asset-based truckload services (Truckload) segment. The Truckload segment consists of three asset-based operating fleets: Covenant Transport, Inc. (Covenant Transport) that provides expedited long haul, dedicated, temperature-controlled, and regional solo-driver service; Southern Refrigerated Transport, Inc. (SRT), which provides long haul, regional, and intermodal temperature-controlled service, and Star Transportation, Inc. (Star) that provides regional solo-driver and services, primarily in the southeastern United States. In addition, its Covenant Transport Solutions, Inc. (Solutions) subsidiary has service offerings ancillary to its Truckload operations, including freight brokerage services. COVENANT TRANSPORTATION GROUP, INC. (NASDAQ:CVTI) Recent Trading Information
COVENANT TRANSPORTATION GROUP, INC. (NASDAQ:CVTI) closed its last trading session down -0.22 at 18.99 with 86,189 shares trading hands.