secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001437749-22-011340
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774922011340/0001437749-22-011340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774922011340/mrtn20220504_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011340

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