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

Issuer:     COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK:        0000928658
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001008886-23-000106
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Covenant Logistics: $0.11 dividend, share plan increase, exec compensation changes, ex-President retirement
--------------------------------------------------------------------------------

- Stockholders approved Third Amendment to Incentive Plan: +575,000 shares, term extended three years.
- New base salaries: Parker $804,710; Bunn $525,013; Grant $375,170; Hough $417,685; Doster $416,104 (eff. June 26, 2023).
- 2023 LTIP awards: Parker $1M cash; Bunn $600K; Grant $250K; Hough $200K; Doster $200K in restricted shares.
- Former President Joey Hogan retiring as officer June 30, 2023; receives $930K cash package; elected to Board.
- Quarterly dividend of $0.11 per share declared, payable June 30, 2023 to holders of record June 2, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928658/000100888623000106/0001008886-23-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928658/000100888623000106/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001008886-23-000106

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