Marten Transport, Ltd. Named Executive Officer Base Salary Reinstatement and Adjustment (Effective April 7, 2025)
Marten Transport, Ltd.'s Compensation Committee has reinstated and increased the annual base salaries for its named executive officers, effective retroactively to April 7, 2025. The agreement lists the new base salaries for six executives, including an increase for James Hinnendael from $412,000 to $450,000. This action formalizes the compensation structure for the company's top management positions as of May 6, 2025.
Exhibit 10.1
Marten Transport, Ltd.
Named Executive Officer Compensation
On May 6, 2025, the Company’s Compensation Committee approved the reinstatement of the base salaries for each of the Company’s named executive officers listed below and an increase of the base salary of James Hinnendael from $412,000 to $450,000, retroactive to April 7, 2025. Effective April 7, 2025, the named executive officers will receive the following annual base salaries in the listed positions:
| Name and Position as of May 6, 2025 | Former Temporary Base Salary | Base Salary Effective April 7, 2025 | ||||||
| Randolph L. Marten | $756,650 | $818,000 | ||||||
| (Executive Chairman) | ||||||||
| Timothy M. Kohl | $694,675 | $751,000 | ||||||
| (Chief Executive Officer) | ||||||||
| James J. Hinnendael | $381,100 | $450,000 | ||||||
| (Executive Vice President and Chief Financial Officer) | ||||||||
| Douglas P. Petit | $370,925 | $401,000 | ||||||
| (President) | ||||||||
| Adam D. Phillips | $294,500 | $310,000 | ||||||
| (Executive Vice President and Chief Operating Officer) | ||||||||
| Randall J. Baier | $285,000 | $300,000 | ||||||
| (Executive Vice President and Chief Technology Officer) | ||||||||
