Marten Transport declares $0.06 quarterly dividend; boosts share repurchase program to $50M

MARTEN TRANSPORT LTD

John H. Turner, EVP Sales and Marketing, retired effective May 2, 2022.
Base salaries increased for CEO ($794K), CEO ($729K), CFO ($400K), President ($389K).
All seven director nominees elected at annual meeting; advisory vote on exec compensation approved.
Regular quarterly cash dividend of $0.06/share declared, payable June 30, 2022 to holders of record June 16, 2022.
Share repurchase program increased to $50M (approx. 3.1M shares); Q1 2022 saw 1.3M shares repurchased for $25M.

item 5.02 item 5.07 item 8.01 item 9.01

Executive movements

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Departed

John H. Turner

Executive Vice President of Sales and Marketing

MRTN · MARTEN TRANSPORT LTD

Effective: 2022-05-02
Filed: May 6, 2022, 7:59 PM ET

On May 2, 2022, John H. Turner, Marten Transport, Ltd.’s (the “Company’s”) Executive Vice President of Sales and Marketing, retired.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

John H. Turner retired as Executive Vice President of Sales and Marketing at MARTEN TRANSPORT LTD.

Action: retired
Role: Executive Vice President of Sales and Marketing

Exact text from the filing

On May 2, 2022, John H. Turner, Marten Transport, Ltd.’s (the “Company’s”) Executive Vice President of Sales and Marketing, retired.

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MARTEN TRANSPORT LTD filing history →

Source: SEC EDGAR

accession 0001437749-22-011340

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