secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2026-05-11T20:02:49+00:00
Accession:  0001437749-26-016108
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 raises CEO salary to $842,600; amends executive bonus plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774926016108/0001437749-26-016108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774926016108/mrtn20260508_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016108

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