other material
confidence high
sentiment neutral
materiality 0.50
Covenant Logistics approves LTI plan, increases authorized shares, declares $0.07 dividend
COVENANT LOGISTICS GROUP, INC.
- Comp committee approved 2025 Long-Term Incentive Plan; CEO $2.5M cash, CFO $1M, others $500K-$400K in RSUs.
- All 9 director nominees elected; advisory say-on-pay passed with 98% support (24.4M for).
- Stockholders approved amendment to increase authorized Class A & B common shares (25.6M for, 3.1M against).
- Quarterly dividend of $0.07 per share declared, payable June 27 to holders of record June 6, 2025.