---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-016108"
form_type: "8-K"
ticker: "MRTN"
cik: "0000799167"
company_name: "MARTEN TRANSPORT LTD"
filed_at: "2026-05-11T20:02:49+00:00"
generated_at: "2026-05-11T22:57:23.279945+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Marten Transport raises CEO salary to $842,600; amends executive bonus plan

## Summary
- Randolph Marten salary increased from $818K to $842.6K; CFO Hinnendael to $463.5K.
- President Petit salary raised from $401K to $440K; COO Phillips to $319.3K; CTO Baier to $330K.
- Amended incentive plan: bonus pool based on audited net income; 65% pass-through rule for combined bonus with non-officer management.
- Shareholders re-elected seven directors; advisory vote on exec compensation approved with 71.9M for, 0.7M against.
- Grant Thornton LLP ratified as auditor for FY2026 with 75.0M votes for.

## SEC filing metadata
- accession: 0001437749-26-016108
- form_type: 8-K
- ticker: MRTN
- cik: 0000799167
- company_name: MARTEN TRANSPORT LTD
- filed_at: 2026-05-11T20:02:49+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799167/000143774926016108/0001437749-26-016108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799167/000143774926016108/mrtn20260508_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-016108
- JSON: https://secwatch.observer/filing/0001437749-26-016108.json
- Plain text: https://secwatch.observer/filing/0001437749-26-016108.txt

## Key facts
- 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, 2026. at the 2026-05-05 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2026-05-05
  source text: To consider a proposal to ratify the selection of Grant Thornton LLP as our independent public accountants for the year ending December 31, 2026. Our stockholders approved this proposal as follows: For Against Abstain Broker Non-Votes 75,043,366 171,204 10,643 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774926016108/0001437749-26-016108-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 2026-05-05 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2026-05-05
  source text: 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 71,852,429 722,632 51,948 2,598,203
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774926016108/0001437749-26-016108-index.htm
- Shareholder Votes
  MARTEN TRANSPORT LTD shareholders approved To elect seven directors to hold office until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. at the 2026-05-05 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2026-05-05
  source text: To elect seven 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 Against Abstain Broker Non-Votes Randolph L. Marten 72,196,821 415,298 14,891 2,598,203 Larry B. Hagness 60,357,706 12,244,867 24,437 2,598,203 Jerry M. Bauer 65,621,935 6,980,826 24,249 2,598,203 Robert L. Demorest 66,576,941 6,024,888 25,181 2,598,203 Ronald R. Booth 69,237,938 3,363,891 25,181 2,598,203 Kathleen P. Iverson 72,270,754 335,180 21,076 2,598,203 Patricia L. Jones 65,675,050 6,926,334 25,626 2,598,203
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774926016108/0001437749-26-016108-index.htm

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