PAM Transportation: Stewart named CFO with $378,560 salary; West separation includes $1.25M bonus

PAMT CORP

Lance Stewart appointed CFO under new employment agreement with annual base salary of $378,560.
Former CFO Allen West resigned effective June 8, 2023; receives $1.25M cash bonus in five semi-annual installments.
West also gets monthly consulting fee of $35,771.67 for one year and company repurchases his shares at closing price.
Non-compete/non-solicit: Stewart 24 months; West 12 months; confidentiality obligations continue.

item 5.02 item 9.01

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Departed

Allen W. West

Chief Financial Officer

PAMT · PAMT CORP

Effective: 2023-06-08
Filed: July 13, 2023, 7:59 PM ET

On July 10, 2023, the Company entered into a Separation and Consulting Agreement (the “Separation and Consulting Agreement”), dated as of July 7, 2023, with the Company’s former Chief Financial Officer, Allen W. West, who resigned from the Company effective June 8, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Allen W. West resigned as Chief Financial Officer at PAMT CORP.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On July 10, 2023, the Company entered into a Separation and Consulting Agreement (the “Separation and Consulting Agreement”), dated as of July 7, 2023, with the Company’s former Chief Financial Officer, Allen W. West, who resigned from the Company effective June 8, 2023.

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PAMT CORP filing history →

Source: SEC EDGAR

accession 0001683168-23-004849

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