secwatch.observer — SEC 8-K summary
======================================

Issuer:     COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK:        0000928658
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001008886-22-000040
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928658/000100888622000040/0001008886-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928658/000100888622000040/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001008886-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer