Marten Transport, Ltd. 2017 Non-Employee Director Compensation Summary
Marten Transport, Ltd. outlines the compensation for its non-employee directors for the 2017 fiscal year. Non-employee directors receive an annual retainer, additional fees for serving as lead director or committee chairs, and per-meeting attendance fees. They are also reimbursed for expenses related to attending meetings. Upon re-election by shareholders, each non-employee director is granted 1,000 shares of common stock. The compensation structure remains unchanged from the previous year.
Exhibit 10.2
Marten Transport, Ltd.
2017 Non-Employee Director Compensation Summary
On May 9, 2017, our Compensation Committee also reviewed and approved the following fee schedule for non-employee directors for fiscal year 2017, which remains unchanged from the fee schedule for 2016:
| 2017 | ||||
| Annual Board Retainer | $ | 30,000 | ||
| Lead Director | 10,000 | |||
| Audit Committee chair | 15,000 | |||
| Compensation Committee chair | 10,000 | |||
| Nominating/Corporate Governance Committee chair | 3,500 | |||
Non-employee directors also receive $1,500 for attendance at each Board meeting, $750 for each committee meeting attended and reimbursement for out-of-pocket expenses related to attending meetings.
Each non-employee director will also receive a grant of 1,000 shares of common stock in connection with re-election to the Board by the stockholders.
