secwatch.observer — SEC 8-K summary
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Issuer:     PAMT CORP (PAMT)
CIK:        0000798287
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001683168-23-004849
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798287/000168316823004849/0001683168-23-004849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798287/000168316823004849/pam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004849

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