Marten Transport, Ltd. Executive Officers' Compensation Summary (2007)
Marten Transport, Ltd.'s Compensation Committee approved an 8% increase in base salaries for its named executive officers, effective retroactively from April 1, 2007. The agreement lists the new annual base salaries for five key executives, including the Chairman, President and CEO, COO, Executive VP of Sales and Marketing, VP of Operations, and CFO. This summary outlines the updated compensation terms for these officers in their current roles.
Exhibit 10.1
Marten Transport, Ltd.
Named Executive Officers’ Compensation Summary
On May 1, 2007, the company’s Compensation Committee approved an approximately 8% increase to the base salary for the Company’s named executive officers, retroactive to April 1, 2007. Effective April 1, 2007, the named executive officers are scheduled to receive the following annual base salaries in their current positions:
| Name and Current Position |
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| Base Salary |
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| Randolph L. Marten (Chairman, President and Chief Executive Officer) |
| $ | 475,000 |
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| Robert G. Smith (Chief Operating Officer) |
| $ | 239,500 |
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| Timothy P. Nash (Executive Vice President of Sales and Marketing) |
| $ | 239,500 |
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| Donald J. Hinson (Vice President of Operations) |
| $ | 189,000 |
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| James J. Hinnendael (Chief Financial Officer) |
| $ | 189,000 |
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