Covenant Logistics Group Inc.
08/07/2026 | Press release | Distributed by Public on 08/07/2026 15:28
Management Change/Compensation (Form 8-K)
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On August 7, 2026, the Compensation Committee of the Board of Directors of Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), amended the severance agreements with M. Paul Bunn, James "Tripp" Grant, Dustin Koehl, and Joey Ballard (the "Severance Agreements") to provide that if the executive gives at least 18 months prior written notice to the Company that they are considering retirement or voluntary separation, then upon such retirement or voluntary separation and subject to employment, release, and other customary provisions (including a non-compete through 12 months post-separation) such executive will be entitled to (i) 6 months of salary continuation and (ii) 6 months of COBRA reimbursement. Prior to these amendments, the Severance Agreements did not provide any benefits upon retirement or voluntary separation. The provisions of the Severance Agreements providing for benefits upon a qualifying change-in-control event or a qualifying severance event remain unchanged.
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