---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-22-000040"
form_type: "8-K"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2022-05-19T23:59:59+00:00"
generated_at: "2026-06-25T09:41:12.625947+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001008886-22-000040
- form_type: 8-K
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2022-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 5.07, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888622000040/0001008886-22-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888622000040/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-22-000040
- JSON: https://secwatch.observer/filing/0001008886-22-000040.json
- Plain text: https://secwatch.observer/filing/0001008886-22-000040.txt

## Key facts
- Executive change
  Joey Hogan changed role as President at COVENANT LOGISTICS GROUP, INC..
  - Action: will no longer serve as principal financial officer
  - Role: President
  source text: Joey Hogan will continue to serve as our President but will no longer serve as our principal financial officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888622000040/0001008886-22-000040-index.htm
- Executive change
  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
  source text: and Joey Ballard to Executive Vice President, People and Safety
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888622000040/0001008886-22-000040-index.htm
- Executive change
  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
  source text: promoted James “Tripp” Grant to Executive Vice President and Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888622000040/0001008886-22-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.