HEARTLAND EXPRESS, INC. (NASDAQ:HTLD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02(f)
On November 16, 2017, the Compensation Committee of the Board of Directors of the Company approved the following compensation increases to three of the Company's named executive officers. The increases were effective immediately.
|
Named Executive Officer |
Previous Annualized Salary |
New Annualized Salary |
Increase |
|
Christopher A. Strain, Vice President of Finance, Chief Financial Officer, Treasurer and Secretary |
$180,180 |
$235,000 |
$54,820 |
|
Todd A. Trimble, Vice President, Midwestern Operations |
$151,580 |
$160,004 |
$8,424 |
|
Kent D. Rigdon, Vice President, Sales |
$221,000 |
$234,000 |
$13,000 |
About HEARTLAND EXPRESS, INC. (NASDAQ:HTLD)
Heartland Express, Inc. (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc. of Iowa, Gordon Trucking, Inc., Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc. and A & M Express, Inc. It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and offers temperature-controlled transportation services and non-asset based freight brokerage services. The Company, together with its subsidiaries, is a short-to-medium haul truckload carrier. The Company operates over 20 terminal facilities throughout the United States. Its tractors are equipped with mobile communication systems, which enable communication with drivers regarding freight and safety, and provide the ability to manage the needs of its customers based on real-time information on load status.
