---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013011"
form_type: "8-K"
ticker: "MRTN"
cik: "0000799167"
company_name: "MARTEN TRANSPORT LTD"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T14:57:56.478064+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Marten Transport raises executive base salaries ~3%; annual meeting votes pass

## Summary
- Executive Chairman salary raised to $818K from $794K; CEO to $751K from $729K.
- CFO salary raised to $412K from $400K; President to $401K from $389K (eff. Apr 3, 2023).
- Shareholders elected all 8 directors; ~98.8% approved say-on-pay; 1-year frequency selected.
- Ratification of Grant Thornton as auditor for FY 2023 approved with 99.4% for.

## SEC filing metadata
- accession: 0001437749-23-013011
- form_type: 8-K
- ticker: MRTN
- cik: 0000799167
- company_name: MARTEN TRANSPORT LTD
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799167/000143774923013011/0001437749-23-013011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799167/000143774923013011/mrtn20230507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013011
- JSON: https://secwatch.observer/filing/0001437749-23-013011.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013011.txt

## Key facts
- Shareholder Votes
  MARTEN TRANSPORT LTD shareholders voted on To consider and hold a vote on an advisory resolution on the frequency of holding an advisory vote on executive compensation. at the 2023-05-02 meeting.
  - Proposal: say on pay frequency
  - Meeting: 2023-05-02
  source text: 3. To consider and hold a vote on an advisory resolution on the frequency of holding an advisory vote on executive compensation. Our stockholders voted on this proposal as follows: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 69,079,403 51,805 5,698,019 68,434 2,395,487
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774923013011/0001437749-23-013011-index.htm
- Shareholder Votes
  MARTEN TRANSPORT LTD shareholders approved To elect eight directors to hold office until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. at the 2023-05-02 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-02
  source text: 1. To elect eight directors to hold office until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. Our stockholders duly elected all director nominees as follows: For Withheld Broker Non-Votes Randolph L. Marten 73,407,284 1,490,377 2,395,487 Larry B. Hagness 64,220,118 10,677,543 2,395,487 Thomas J. Winkel 66,116,493 8,781,168 2,395,487 Jerry M. Bauer 69,370,616 5,527,045 2,395,487 Robert L. Demorest 65,224,185 9,673,476 2,395,487 Ronald R. Booth 72,180,686 2,716,975 2,395,487 Kathleen P. Iverson 74,544,366 353,295 2,395,487 Patricia L. Jones 73,209,762 1,687,899 2,395,487
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774923013011/0001437749-23-013011-index.htm
- Shareholder Votes
  MARTEN TRANSPORT LTD shareholders approved To consider a proposal to ratify the selection of Grant Thornton LLP as our independent public accountants for the year ending December 31, 2023. at the 2023-05-02 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-02
  source text: 4. To consider a proposal to ratify the selection of Grant Thornton LLP as our independent public accountants for the year ending December 31, 2023. Our stockholders approved this proposal as follows: For Against Abstain Broker Non-Votes 76,836,706 447,347 9,095 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774923013011/0001437749-23-013011-index.htm
- Shareholder Votes
  MARTEN TRANSPORT LTD shareholders approved To consider and hold a vote on an advisory resolution to approve executive compensation. at the 2023-05-02 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-02
  source text: 2. To consider and hold a vote on an advisory resolution to approve executive compensation. Our stockholders approved this proposal as follows: For Against Abstain Broker Non-Votes 73,998,332 814,634 84,695 2,395,487
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774923013011/0001437749-23-013011-index.htm

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