secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001437749-25-016118
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marten Transport reinstates NEO base salaries, increases CFO pay, adopts 2025 equity plan
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- Base salaries for all six NEOs reinstated retroactive to April 7, 2025, after temporary cuts of 5-7.5% in Sep 2024.
- CFO James Hinnendael's salary increased to $450k from $412k as part of reinstatement.
- Non-employee director stock grant increased from 3,500 to 4,500 shares upon re-election.
- Shareholders approved 2025 Equity Incentive Plan, elected all directors, passed say-on-pay, ratified Grant Thornton.
- Compensation Committee approved forms for non-statutory stock option and performance award agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774925016118/0001437749-25-016118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774925016118/mrtn20250509_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016118

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