Marten Transport, Ltd. Executive Officer Compensation Adjustment Approval (May 2015)

Contract Categories: Human Resources › Compensation Agreements
Summary

Marten Transport, Ltd.'s Compensation Committee approved increases to the annual base salaries of its named executive officers, effective retroactively from April 6, 2015. The officers affected include the Chairman and CEO, President, Executive Vice President of Sales and Marketing, Executive Vice President and CFO, and Senior Vice President of Sales. The agreement outlines the new and former base salaries for each executive, formalizing the compensation changes.

Read More Arrow
EX-10.1 2 ex10-1.htm EXHIBIT 10.1 ex10-1.htm

 

Exhibit 10.1

 

Marten Transport, Ltd.

Named Executive Officer Compensation 

 

On May 12, 2015, our Compensation Committee approved an increase to the base salary for each of the company’s named executive officers listed below, retroactive to April 6, 2015. Effective April 6, 2015, the named executive officers will receive the following annual base salaries in the listed positions:

 

Name and Position as of May 12, 2015

Former Base Salary

Base Salary

Effective April 6, 2015

     

Randolph L. Marten

$586,500

$609,960

(Chairman and Chief Executive Officer)

    

Timothy M. Kohl

$434,000

$451,360

(President)

    

Timothy P. Nash

$301,500

$313,560

(Executive Vice President of Sales and Marketing)

    

James J. Hinnendael

$243,800

$253,552

(Executive Vice President and Chief Financial Officer)

John H. Turner

$242,100

$251,784

(Senior Vice President of Sales)