Marten Transport, Ltd. Executive Officers’ Compensation Summary (2010)
Marten Transport, Ltd.'s Compensation Committee approved a 6% increase in base salaries for its named executive officers, effective retroactively from April 26, 2010. The agreement lists the new annual base salaries for five executives, including the Chairman and CEO, President, COO, Executive Vice President of Sales and Marketing, and CFO. This summary outlines the updated compensation terms for these key officers.
Exhibit 10.12
Marten Transport, Ltd.
Named Executive Officers’ Compensation Summary
On May 4, 2010, the company’s Compensation Committee approved an approximately 6% increase to the base salary for the company’s named executive officers listed below, retroactive to April 26, 2010. Effective April 26, 2010, the named executive officers are scheduled to receive the following annual base salaries in the listed positions:
| Name and Position as of May 4, 2010 |
| Base Salary |
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| Randolph L. Marten |
| $ | 521,123 |
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| (Chairman and Chief Executive Officer) |
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| Timothy M. Kohl |
| $ | 371,000 |
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| (President) |
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| Robert G. Smith |
| $ | 262,756 |
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| (Chief Operating Officer) |
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| Timothy P. Nash |
| $ | 262,756 |
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| (Executive Vice President of Sales and Marketing) |
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| James J. Hinnendael |
| $ | 207,352 |
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| (Chief Financial Officer) |
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