---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-011340"
form_type: "8-K"
ticker: "MRTN"
cik: "0000799167"
company_name: "MARTEN TRANSPORT LTD"
filed_at: "2022-05-06T23:59:59+00:00"
generated_at: "2026-06-25T23:11:08.717600+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-011340
- form_type: 8-K
- ticker: MRTN
- cik: 0000799167
- company_name: MARTEN TRANSPORT LTD
- filed_at: 2022-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799167/000143774922011340/0001437749-22-011340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799167/000143774922011340/mrtn20220504_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-011340
- JSON: https://secwatch.observer/filing/0001437749-22-011340.json
- Plain text: https://secwatch.observer/filing/0001437749-22-011340.txt

## Key facts
- Executive change
  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
  source text: On May 2, 2022, John H. Turner, Marten Transport, Ltd.’s (the “Company’s”) Executive Vice President of Sales and Marketing, retired.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774922011340/0001437749-22-011340-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.