---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029002"
form_type: "8-K"
ticker: "MRTN"
cik: "0000799167"
company_name: "MARTEN TRANSPORT LTD"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:21:56.860273+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Marten Transport temporarily reduces NEO base salaries by 5–7.5% amid freight recession

## Summary
- Four executive officers (Marten, Kohl, Hinnendael, Petit) take 7.5% salary reduction.
- Two executive officers (Phillips, Baier) take 5.0% salary reduction, effective Sept 9, 2024.
- Reductions are temporary; last base salary change was May 2023 or later in 2023.
- Cost reduction initiative to offset prolonged freight market oversupply, weak demand, and inflation.
- No other compensation items are affected by the salary reductions.

## SEC filing metadata
- accession: 0001437749-24-029002
- form_type: 8-K
- ticker: MRTN
- cik: 0000799167
- company_name: MARTEN TRANSPORT LTD
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799167/000143774924029002/0001437749-24-029002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799167/000143774924029002/mrtn20240906_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029002
- JSON: https://secwatch.observer/filing/0001437749-24-029002.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029002.txt

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