secwatch.observer — SEC 8-K summary
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Issuer:     COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK:        0000928658
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001008886-24-000330
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Covenant Logistics declares 2-for-1 stock split; approves 2025 executive bonus targets
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- 2-for-1 stock split: record date Dec 20, 2024, distribution Dec 31, 2024; split-adjusted trading begins Jan 2, 2025.
- Each holder of Class A and Class B common stock receives one additional share per share held; no change in rights.
- 2025 bonus targets: CEO David Parker and COO M. Paul Bunn each 100% of base salary; CFO James Grant 70%.
- Executives eligible for up to 150% of target based on adjusted EPS goals; 25% based on strategic equipment, safety, IT projects.
- Stock dividend does not affect voting or other stockholder rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928658/000100888624000330/0001008886-24-000330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928658/000100888624000330/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001008886-24-000330

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