secwatch.observer — SEC 8-K summary
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Issuer:     COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK:        0000928658
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001008886-22-000153
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928658/000100888622000153/0001008886-22-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928658/000100888622000153/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001008886-22-000153

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