Marten Transport, Ltd. Announces 2024 Annual Meeting of Stockholders on May 7

TL;DR

<b>Marten Transport, Ltd. will hold its 2024 Annual Meeting of Stockholders on May 7, 2024, to elect directors and vote on executive compensation.</b>

AI Summary

MARTEN TRANSPORT LTD (MRTN) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. The 2024 Annual Meeting of Stockholders for Marten Transport, Ltd. will be held on May 7, 2024, at 2:00 p.m. local time. The meeting will take place at the Roger Marten Community Center, 120 South Franklin Street, Mondovi, Wisconsin. Stockholders will vote on the election of eight directors for the upcoming year. An advisory resolution to approve executive compensation will be considered. The company urges stockholders to complete, sign, date, and return their proxy card to ensure their shares are represented.

Why It Matters

For investors and stakeholders tracking MARTEN TRANSPORT LTD, this filing contains several important signals. This filing is a DEF 14A, indicating it's a definitive proxy statement, which is a standard disclosure for annual meetings where shareholder votes are solicited. The meeting agenda includes the election of directors and an advisory vote on executive compensation, key governance matters that directly impact shareholder interests and company leadership.

Risk Assessment

Risk Level: low — MARTEN TRANSPORT LTD shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational performance data presented, indicating low immediate risk.

Analyst Insight

Review the director nominees and executive compensation proposals to understand the company's governance and compensation strategies.

Key Numbers

• 8 — Directors to be elected (Purpose of the Annual Meeting)
• 2:00 p.m. — Meeting Time (Annual Meeting schedule)

Key Players & Entities

• MARTEN TRANSPORT, LTD. (company) — Registrant name
• May 7, 2024 (date) — Date of Annual Meeting
• Roger Marten Community Center (facility) — Location of Annual Meeting
• Randolph L. Marten (person) — Executive Chairman of the Board
• DEF 14A (form) — Filing type

FAQ

Risk Factors

• Proxy Statement Filing Requirements [low — regulatory]: The company must comply with SEC regulations for filing proxy statements (Schedule 14A) to ensure accurate disclosure to shareholders.
• Annual Meeting Logistics [low — operational]: Ensuring smooth execution of the annual meeting, including venue, timing, and proxy voting procedures, is crucial for shareholder engagement.

Industry Context

Marten Transport, Ltd. operates in the trucking industry, a sector subject to regulatory oversight and economic cycles impacting freight demand and operational costs.

Regulatory Implications

The company is subject to SEC regulations governing proxy solicitations and disclosures, particularly Rule 14a-6 concerning the filing of proxy materials.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Analyze the details of the advisory resolution on executive compensation.
3. Ensure proxy card is completed and returned by the deadline to exercise voting rights.

Key Dates

• 2024-05-07: Annual Meeting of Stockholders — Election of directors and advisory vote on executive compensation.
• 2024-03-15: Filing Date — Date the definitive proxy statement was filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, a definitive proxy statement for the annual meeting, which follows preliminary filings and provides final details for shareholder voting.

Filing Documents

• mrtn20240307_def14a.htm (DEF 14A) — 912KB
• a01.jpg (GRAPHIC) — 9KB
• a02.jpg (GRAPHIC) — 4KB
• a03.jpg (GRAPHIC) — 4KB
• pc01.jpg (GRAPHIC) — 110KB
• pc02.jpg (GRAPHIC) — 77KB
• 0001437749-24-007948.txt (&nbsp;) — 1896KB
• mrtn-20231231.xsd (EX-101.SCH) — 3KB
• mrtn-20231231_def.xml (EX-101.DEF) — 2KB
• mrtn-20231231_lab.xml (EX-101.LAB) — 3KB
• mrtn-20231231_pre.xml (EX-101.PRE) — 2KB
• mrtn20240307_def14a_htm.xml (XML) — 68KB

From the Filing

mrtn20240307_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement. Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)). Definitive Proxy Statement. Definitive Additional Materials. Soliciting material under Rule 14a-12. MARTEN TRANSPORT, LTD. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Dear Stockholder: You are cordially invited to attend the 2024 Annual Meeting of Stockholders of Marten Transport, Ltd. The meeting will be held on May 7, 2024, at 2:00 p.m. local time at the Roger Marten Community Center, 120 South Franklin Street, Mondovi, Wisconsin. We suggest you carefully read the enclosed Notice of Annual Meeting and Proxy Statement. We hope you will attend the Annual Meeting. Whether or not you attend, we urge you to complete, sign, date and return the enclosed proxy card in the enclosed envelope in order to have your shares represented and voted at the Annual Meeting. Very truly yours, Randolph L. Marten Executive Chairman of the Board March 15, 2024 MARTEN TRANSPORT, LTD. 129 Marten Street Mondovi, Wisconsin 54755 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD MAY 7, 2024 TO THE STOCKHOLDERS OF MARTEN TRANSPORT, LTD.: The Annual Meeting of Stockholders of Marten Transport, Ltd. will be held on May 7, 2024, at 2:00 p.m. local time at the Roger Marten Community Center, 120 South Franklin Street, Mondovi, Wisconsin for the following purposes: 1. To elect eight directors to serve for the next year or until their successors are elected and qualified. 2. To consider and hold a vote on an advisory resolution to approve executive compensation. 3. To consider and vote on a proposal to ratify the selection of Grant Thornton LLP as our independent public accountants for 2024. 4. To transact other business if properly brought before the Annual Meeting or any adjournment thereof. Only stockholders of record as shown on the books of the Company at the close of business on March 8, 2024, will be entitled to vote at the Annual Meeting or any adjournment thereof. By Order of the Board of Directors Patrick J. Pazderka Secretary March 15, 2024 MARTEN TRANSPORT, LTD. 129 Marten Street Mondovi, Wisconsin 54755 PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS MAY 7, 2024 INTRODUCTION The Annual Meeting of Stockholders of Marten Transport, Ltd. will be held on May 7, 2024, at 2:00 p.m. local time at the Roger Marten Community Center, 120 South Franklin Street, Mondovi, Wisconsin. See the Notice of Meeting for the purposes of the meeting. A proxy card is enclosed for your use. You are solicited on behalf of the Board of Directors of Marten Transport, Ltd. to MARK, SIGN, DATE AND RETURN THE PROXY CARD IN THE ENVELOPE PROVIDED . Postage is not required if mailed in the United States. We will pay the cost of soliciting proxies, including preparing, assembling and mailing the proxies. We will also pay the cost of forwarding such material to the beneficial owners of our common stock, par value $.01 per share. Our directors, officers and regular employees may, for no additional compensation, solicit proxies by telephone or personal conversation. We may reimburse brokerage firms and others for the expenses of forwarding proxy material to the beneficial owners of our common stock. Any proxy given in accordance with this solicitation and received in time for the Annual Meeting will be voted in accordance with the instructions given in the proxy. Any stockholder giving a proxy may revoke it at any time before its use at the Annual Meeting by giving written notice of revocation to our Secretary. The revocation notice may be given before the Annual Meeting, or a stockholder may appear at the Annual Meeting and give written notice of revocation before use of the proxy. We expect to mail this Proxy Statement, the proxy card and Notice of Meeting to stockholders on or about March 15, 2024. The terms "we," "us," "our," or the "Company" or similar terms refer to Marten Transport, Ltd. VOTING OF SHARES Only holders of common stock of record at the close of business on March 8, 2024 will be entitled to vote at the Annual Meeting. On March 8, 2024, we had 81,329,068 shares of common stock outstanding. For each share of common stock that you own of record at the close of business on March 8, 2024, you are entitled to one vote on each matter voted on at the Annual Meeting. Holders of s

View Full Filing

View this DEF 14A filing on SEC EDGAR