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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Covenant Transportation Group Inc | NASDAQ:CVTI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.95 | 8.50 | 14.25 | 0 | 01:00:00 |
Nevada
|
000-24960
|
88-0320154
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
400 Birmingham Hwy., Chattanooga, TN
|
37419
|
(Address of principal executive offices)
|
(Zip Code)
|
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
$0.01 Par Value Class A common stock |
CVLG
|
The NASDAQ Global Select Market |
Emerging growth company ☐
|
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
|
Named
Executive Officer
|
New Annualized Salary
|
David R. Parker
|
$766,376
|
Joey B. Hogan
|
$538,886
|
M. Paul Bunn
|
$420,014
|
Lynn Doster
|
$339,913
|
Samuel F. Hough
|
$372,923
|
Item 7.01
|
Regulation FD Disclosure.
|
The Company amended its Rule 10b5-1 repurchase plan (the “Plan”) on August 22, 2022. The Plan was adopted in conjunction
with the Company’s previously announced stock repurchase plan, and any repurchases under the Plan will be made in accordance with the Plan’s defined trading parameters, as amended, and executed by the Plan administrator,
consistent with the Plan and Rule 10b-18. The Plan does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the Plan at any time without prior notice.
|
|
|
The information contained in Item 7.01 of this report shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
|
|
|
|
The information in Item 7.01 may contain "forward-looking statements" within the meaning of Section
27A of the Securities Act and Section 21E of the Exchange Act and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such
statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results or events may differ from those anticipated by
forward-looking statements. Please refer to the italicized paragraph at the end of the attached press release and various disclosures by the Company in its press releases, stockholder reports, and filings with the
Securities and Exchange Commission for information concerning risks, uncertainties, and other factors that may affect future results.
|
COVENANT LOGISTICS GROUP, INC.
|
||
(Registrant)
|
||
Date: August 22, 2022
|
By:
|
/s/ James S. Grant
|
James S. Grant
|
||
Executive Vice President and Chief Financial Officer
|
1 Year Covenant Transportation Chart |
1 Month Covenant Transportation Chart |
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