Covenant Logistics announces $75M stock repurchase authorization, expects $45M gain on terminal sale

COVENANT LOGISTICS GROUP, INC.

New $75M stock repurchase authorization approved; prior $30M plan completed.
Agreed to sell California terminal; expected close in 60 days, pretax gain ~$45M.
Tripp Grant promoted to EVP/CFO; Joey Ballard to EVP, People and Safety.
Quarterly dividend $0.0625/share, payable June 24 to record June 3.

item 5.02 item 5.07 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Joey Hogan

President

CVLG · COVENANT LOGISTICS GROUP, INC.

Effective: 2022-05-18
Successor: James Tripp Grant
Filed: May 19, 2022, 7:59 PM ET

Joey Hogan will continue to serve as our President but will no longer serve as our principal financial officer

Appointed

Joey Ballard

Executive Vice President, People and Safety

CVLG · COVENANT LOGISTICS GROUP, INC.

Effective: 2022-05-18
Filed: May 19, 2022, 7:59 PM ET

and Joey Ballard to Executive Vice President, People and Safety

Appointed

James "Tripp" Grant

Executive Vice President and Chief Financial Officer

CVLG · COVENANT LOGISTICS GROUP, INC.

Effective: 2022-05-18
Filed: May 19, 2022, 7:59 PM ET

promoted James “Tripp” Grant to Executive Vice President and Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Joey Hogan changed role as President at COVENANT LOGISTICS GROUP, INC..

Action: will no longer serve as principal financial officer
Role: President

Exact text from the filing

Joey Hogan will continue to serve as our President but will no longer serve as our principal financial officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Joey Ballard was appointed as Executive Vice President, People and Safety at COVENANT LOGISTICS GROUP, INC..

Action: promoted
Role: Executive Vice President, People and Safety

Exact text from the filing

and Joey Ballard to Executive Vice President, People and Safety

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

James "Tripp" Grant was appointed as Executive Vice President and Chief Financial Officer at COVENANT LOGISTICS GROUP, INC..

Action: promoted
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

promoted James “Tripp” Grant to Executive Vice President and Chief Financial Officer

View on SEC.gov

COVENANT LOGISTICS GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001008886-22-000040

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