Marten Transport, Ltd. Executive Officers’ Compensation Summary (May 2006)
Marten Transport, Ltd.'s Compensation Committee approved a 10% salary increase, effective April 1, 2006, for its named executive officers, except for the Chief Financial Officer, James J. Hinnendael. The agreement lists the new annual base salaries for each executive in their current roles. This summary outlines the compensation adjustments for the company's top executives as determined by the committee.
Exhibit 10.1
Marten Transport, Ltd.
Named Executive Officers’ Compensation Summary
On May 4, 2006, Marten Transport, Ltd.’s (the “Company’s”) Compensation Committee approved a 10% increase to the base salary, retroactive to April 1, 2006, for the Company’s “named executive officers” (defined in Regulation S-K Item 402(a)(3)), except for James J. Hinnendael, the Company’s Chief Financial Officer. Effective April 1, 2006, the named executive officers are scheduled to receive the following annual base salaries in their current positions:
| Name and Current Position |
| Base Salary |
| |
|
|
|
|
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| Randolph L. Marten |
| $ | 440,000 |
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|
|
|
|
| |
| James J. Hinnendael |
| $ | 175,000 |
|
|
|
|
|
| |
| Robert G. Smith |
| $ | 221,753 |
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|
|
|
|
| |
| Timothy P. Nash |
| $ | 221,753 |
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|
|
|
|
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| Donald J. Hinson |
| $ | 175,049 |
|
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