Current Report Filing (8-k)
March 14 2023 - 5:13PM
Edgar (US Regulatory)
0000798287
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0000798287
2023-03-08
2023-03-08
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities
Exchange Act of 1934
Date of report (Date of earliest event reported):
March 8, 2023
PAM TRANSPORTATION SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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0-15057 |
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71-0633135 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
297 West Henri De Tonti, Tontitown, Arkansas
72770
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (479) 361-9111
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N/A |
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(Former name or former address, if changed since last report) |
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Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock, $.01 par value |
PTSI |
NASDAQ Global Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company o
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. o
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. |
On March 8, 2023, Allen W. West, Vice President
of Finance, Chief Financial Officer (“CFO”), Secretary and Treasurer of P.A.M. Transportation Services, Inc. (the “Company”)
notified the Company that he intends to resign his positions with the Company.
On March 13, 2023, the Board of Directors of the
Company appointed Lance K. Stewart to serve as interim CFO and Treasurer of the Company effective immediately until a permanent CFO is
selected. Mr. West will remain in an advisory role with the Company until June 8, 2023.
Mr. Stewart, age 53, has served as Vice President
of Operations of the Company’s primary operating subsidiary, P.A.M. Transport, Inc., since 2020. He served as Vice President of
Accounting of P.A.M. Transport from 2016 until 2020. Mr. Stewart previously served as Vice President of Finance, CFO, Secretary and Treasurer
of the Company from 2010 until 2013 and as Vice President of Accounting and Controller of P.A.M. Transport from 2002 until 2010. He began
his career with P.A.M. Transport in 1989 and served in various capacities before becoming Vice President of Accounting in 2002.
Mr. Stewart will receive an additional monthly
base salary of $12,000 for his service as interim CFO.
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
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P.A.M. TRANSPORTATION SERVICES, INC. |
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(Registrant) |
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Date: March 14, 2023 |
By: |
/s/ Joseph A. Vitiritto |
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Joseph A. Vitiritto
President and Chief Executive Officer |
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