UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported):

May 4, 2006

 

 

MARTEN TRANSPORT, LTD.

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-15010

 

39-1140809

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification Number)

 

 

 

 

 

129 Marten Street
Mondovi, Wisconsin

 

54755

(Address of principal executive offices)

 

(Zip Code)

 

(715) 926-4216

(Registrant’s telephone number, including area code)

 

Not applicable.

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 1.01. Entry into a Material Definitive Agreement.

 

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

 

 

 

 

 

Randolph L. Marten
(Chairman, President and Chief Executive Officer)

 

$

440,000

 

 

 

 

 

James J. Hinnendael
(Chief Financial Officer)

 

$

175,000

 

 

 

 

 

Robert G. Smith
(Chief Operating Officer)

 

$

221,753

 

 

 

 

 

Timothy P. Nash
(Executive Vice President of Sales and Marketing)

 

$

221,753

 

 

 

 

 

Donald J. Hinson
(Vice President of Operations)

 

$

175,049

 

 

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Item 9.01. Financial Statements and Exhibits.

 

(a)          Financial Statements of Businesses Acquired.

 

Not Applicable.

 

(b)         Pro Forma Financial Information.

 

Not Applicable.

 

(c)          Exhibits.

 

Exhibit No.

 

Description

 

 

 

10.1

 

Named Executive Officers’ Compensation Summary

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

MARTEN TRANSPORT, LTD.

 

 

 

 

Dated: May 10, 2006

By

 /s/ James J. Hinnendael

 

 

 

 James J. Hinnendael

 

 

 Its: Chief Financial Officer

 

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MARTEN TRANSPORT, LTD.

 

FORM 8-K

 

INDEX TO EXHIBITS

 

Exhibit No.

 

Description

 

 

 

10.1

 

Named Executive Officers’ Compensation Summary.

 

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