secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001437749-23-034741
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marten Transport appoints Adam Phillips as EVP and COO, effective Dec 13, 2023
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- Adam Phillips appointed Executive VP and COO effective Dec 13, 2023; base salary $310,000/year.
- Phillips receives $26,539 for accumulated vacation pay; eligible for cash bonus under incentive plan.
- Change-in-control severance: lump sum 100% base salary plus 1x highest bonus in prior 3 years.
- Phillips has served as COO since March 2023; prior roles include President of Western Operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774923034741/0001437749-23-034741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774923034741/mrtn20231215_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-034741

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