secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2021-09-01T23:59:59+00:00
Accession:  0001437749-21-021307
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marten Transport appoints Doug Petit as President effective August 30, 2021
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- Doug Petit, previously COO since August 2019, succeeds Tim Kohl who became CEO in May 2021.
- Petit's base salary set at $360,000 per year; eligible for bonus under executive incentive plan.
- Petit to receive $24,279 for accumulated vacation pay; will enter change-in-control severance and indemnification agreements.
- Appointment part of planned leadership transition; Petit has been with Marten since 1992 in operations roles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774921021307/0001437749-21-021307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774921021307/mrtn20210831_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-021307

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