Covenant Logistics approves salary increases, 2023 bonus plan for named executives

COVENANT LOGISTICS GROUP, INC.

M. Paul Bunn salary raised to $500K, Lynn Doster to $365K effective Jan 1, 2023; Joey Hogan to $250K effective July 1, 2023 with new EVP role.
2023 bonus targets: Parker 100%, Bunn 100%, Hogan 50% (100% first half), Grant 60%, Hough 55%, Doster 55% of base salary.
Top executives eligible for up to 150% of bonus target based on adjusted EPS; Hough and Doster also tied to business unit performance and driver retention.

item 5.02

Executive movements

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

Role change

Joey Hogan

Executive Vice President

CVLG · COVENANT LOGISTICS GROUP, INC.

Effective: 2023-07-01
Filed: December 6, 2022, 6:59 PM ET

The salary change for Mr. Hogan will be effective July 1, 2023 and was made connection with his transition to a new role in 2023 as Executive Vice President focused on strategic planning, mentoring the leadership team, government relations, and other special projects.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: transitioned to new role
Role: Executive Vice President

Exact text from the filing

The salary change for Mr. Hogan will be effective July 1, 2023 and was made connection with his transition to a new role in 2023 as Executive Vice President focused on strategic planning, mentoring the leadership team, government relations, and other special projects.

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COVENANT LOGISTICS GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001008886-22-000153

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