-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EFOZcwNENrewCBucf01O7QGGiDsHR3zs5zlszZ12GHTK7D79Z6+NSHLJwFK9HFSF YpLjTwSipERkC9dZXHg4KA== 0001104659-05-021680.txt : 20050509 0001104659-05-021680.hdr.sgml : 20050509 20050509161557 ACCESSION NUMBER: 0001104659-05-021680 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050503 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050509 DATE AS OF CHANGE: 20050509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARTEN TRANSPORT LTD CENTRAL INDEX KEY: 0000799167 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 391140809 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15010 FILM NUMBER: 05811947 BUSINESS ADDRESS: STREET 1: 129 MARTEN ST CITY: MONDOVI STATE: WI ZIP: 54755 BUSINESS PHONE: 7159264216 MAIL ADDRESS: STREET 1: 3400 PLAZA VII STREET 2: 45 SOUTH SEVENTH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402 8-K 1 a05-9039_18k.htm 8-K

 

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):

May 3, 2005

 

 

MARTEN TRANSPORT, LTD.

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-15010

 

39-1140809

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification Number)

 

 

 

 

 

129 Marten Street
Mondovi, Wisconsin

 

54755

(Address of principal executive offices)

 

(Zip Code)

 

(715) 926-4216

(Registrant’s telephone number, including area code)

 

Not applicable.

(Former name or former address, if changed since last report)

 

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 (see General Instruction A.2. below):

 

o                 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 1.01                                             Entry Into a Material Definitive Agreement.

 

On May 3, 2005, Marten Transport, Ltd.’s (the “Company’s”) Compensation Committee approved a 3% increase to the base salary, retroactive to April 1, 2005, for the Company’s “named executive officers” (defined in Regulation S-K Item 402(a)(3)), except for Randolph L. Marten, the Company’s Chairman, President and Chief Executive Officer, and Darrell D. Rubel, the Company’s Executive Vice President, Chief Financial Officer and Treasurer.  Effective April 1, 2005, the named executive officers are scheduled to receive the following annual base salaries in their current positions:

 

Name and Current Position

 

Base Salary

 

 

 

 

 

Randolph L. Marten

 

 

 

(Chairman, President and Chief Executive Officer)

 

$

400,000

 

 

 

 

 

Darrell D. Rubel

 

 

 

(Executive Vice President, Chief Financial Officer and Treasurer)

 

$

192,000

 

 

 

 

 

Robert G. Smith

 

 

 

(Chief Operating Officer)

 

$

201,594

 

 

 

 

 

Timothy P. Nash

 

 

 

(Executive Vice President of Sales and Marketing)

 

$

201,594

 

 

All other executive officers of the Company also received a 3% increase to their base salary, retroactive to April 1, 2005.

 

On May 3, 2005, the Compensation Committee also approved the following arrangement regarding use of the Company’s corporate aircraft by the Company’s executive officers.  If any executive officer uses the Company’s corporate aircraft for combined business/personal use under applicable IRS regulations, the Company will include in the executive officer’s taxable income the sum of the value of such personnel use in accordance with IRS regulations and the related income taxes on such value, which are paid by the Company.

 

1


 

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 thereunto duly authorized.

 

 

MARTEN TRANSPORT, LTD.

 

 

 

 

Dated: May 9, 2005

By

/s/ Franklin J. Foster

 

 

 

Franklin J. Foster

 

 

 

Its: Vice President of Finance

 

 

2

 

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