secwatch.observer — SEC 8-K summary
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Issuer:     PAMT CORP (PAMT)
CIK:        0000798287
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001683168-25-006833
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAMT CORP enters new employment agreements with CEO Lance Stewart and SVP Daniel Kleine
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- CEO Lance Stewart's amended agreement effective Aug 4, 2025; annual base salary $505,440.
- SVP of Finance Daniel Kleine's new agreement effective Aug 11, 2025; annual base salary $240,240.
- Both include annual performance reviews, bonus eligibility, and six-month severance (four months for Kleine) on termination without cause.
- Stewart subject to 1-year non-compete (6 months if terminated without cause, extendable to 1 year with salary continuation).
- Kleine's non-compete up to 1 year; both have 24-month non-solicitation of employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798287/000168316825006833/0001683168-25-006833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798287/000168316825006833/pamt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006833

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