Covenant Logistics Group Inc.
12/22/2025 | Press release | Distributed by Public on 12/22/2025 15:36
Management Change/Compensation (Form 8-K)
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On December 16, 2025, the Compensation Committee of the Board of Directors of Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), approved a short-term cash incentive plan, effective January 1, 2026, for the Company's named executive officers (the "2026 Senior Executive Bonus Program"). Under the 2026 Senior Executive Bonus Program, the bonus targets, expressed as a percentage of year-end annualized base salary, are as follows:
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Named Executive Officer
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Bonus Target
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David R. Parker
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100.0%
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M. Paul Bunn
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100.0%
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James S. Grant
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70.0%
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Dustin Koehl
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60.0%
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Joey Ballard
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60.0%
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Under the 2026 Senior Executive Bonus Program, the Company's named executive officers are eligible to earn up to 150% of their bonus target upon the attainment of certain adjusted earnings per share goals and up to 25% of their bonus target upon the attainment of certain strategic projects.
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