Current Report Filing (8-k)
April 07 2023 - 4:32PM
Edgar (US Regulatory)
0000798287
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0000798287
2023-04-03
2023-04-03
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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): April
3, 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 April 3, 2023, the Board of Directors of P.A.M. Transportation Services, Inc. (the “Company”) appointed Lance K. Stewart to serve as the Company’s
Vice President of Finance, Chief Financial Officer (“CFO”) and Treasurer, effective immediately.
Mr. Stewart, age 53, has served as the Company’s
interim CFO and Treasurer since March 13, 2023, and 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. Mr. Stewart began his career with P.A.M. Transport in 1990 and served in various
capacities before becoming Vice President of Accounting in 2002.
Mr. Stewart will be paid an annual base salary
of $378,560 and will be eligible to participate in any annual incentive compensation plan for the Company’s executive officers for
2023. His performance will be reviewed annually for changes in base salary and eligibility for a performance bonus.
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: April 7,
2023 |
By: |
/s/ Joseph A. Vitiritto |
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Joseph A. Vitiritto
President and Chief Executive Officer |
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