Marten Transport, Ltd. Executive Officers’ Base Salary Adjustment Approval (2012)
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Summary
Marten Transport, Ltd.'s Compensation Committee approved increases to the annual base salaries of its named executive officers, effective retroactively from April 9, 2012. The officers affected include the Chairman and CEO, President, COO, Executive Vice President of Sales and Marketing, and CFO. The agreement outlines the new salary amounts for each executive, formalizing the company's decision to adjust their compensation.
EX-10.1 2 ex10-1.htm EXHIBIT 10.1 ex10-1.htm
Exhibit 10.1
Marten Transport, Ltd.
Named Executive Officers’ Compensation
On May 1, 2012, our Compensation Committee approved an increase to the base salary for each of the company’s named executive officers listed below, retroactive to April 9, 2012. Effective April 9, 2012, the named executive officers will receive the following annual base salaries in the listed positions:
| Name and Position as of May 1, 2012 | Former Base Salary | Base Salary Effective April 9, 2012 |
| Randolph L. Marten | $536,757 | $552,860 |
| (Chairman and Chief Executive Officer) | ||
| | ||
| Timothy M. Kohl | $385,840 | $401,275 |
| (President) | ||
| Robert G. Smith | $270,639 | $276,054 |
| (Chief Operating Officer) | ||
| | ||
| Timothy P. Nash | $273,266 | $281,464 |
| (Executive Vice President of Sales and Marketing) | ||
| | ||
| James J. Hinnendael | $220,920 | $227,548 |
| (Chief Financial Officer) | ||
