Marten Transport Ltd. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

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Washington, D.C.  20549

 

 

 

 

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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):

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Section 5 – Corporate Governance and Management

 

 

 

As previously announced in the Current Report on Form 8-K filed by Marten Transport, Ltd. (the “Company”), dated August 19, 2025, the Company announced that Timothy M. Kohl, Chief Executive Officer of the Company, notified the Company that he will retire from the Company as of the close of business on September 30, 2025. In connection with Mr. Kohl’s retirement, on September 30, 2025, Mr. Kohl and the Company entered into a separation agreement and release of claims related to the separation of Mr. Kohl’s employment with the Company (the “Separation Agreement”).

 

The Separation Agreement provides that, subject to (a) Mr. Kohl’s execution of the Separation Agreement, and (b) the Separation Agreement becoming effective without revocation, the Company will provide Mr. Kohl with severance benefits consisting of a lump sum payment of $620,000.00, less required payroll deductions and withholding, and payment of the premiums for COBRA coverage for a period of up to 3 months following his retirement date. The Separation Agreement also contains a release of claims by Mr. Kohl as well as certain obligations of Mr. Kohl regarding cooperation, non-disparagement, confidentiality, and non-solicitation.

 

The summary of the Separation Agreement set forth above does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein.

 

Section 9 – Financial Statements and Exhibits

 

 

 

 

 

 

 

 

 

 

 

 

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.