PAM TRANSPORTATION SERVICES INC Files 10-K/A Amendment

TL;DR

<b>PAM TRANSPORTATION SERVICES INC filed an amended 10-K for the fiscal year ended December 31, 2023, providing updated information on its corporate structure and stock trading.</b>

AI Summary

PAM TRANSPORTATION SERVICES INC (PAMT) filed a Amended Annual Report (10-K/A) with the SEC on April 29, 2024. PAM TRANSPORTATION SERVICES INC filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The company is incorporated in Delaware and its principal executive offices are located in Tontitown, Arkansas. Common Stock, $.01 par value, is traded under the symbol PTSI on the NASDAQ Global Market. The filing indicates the company is not a well-known seasoned issuer and is not required to file reports pursuant to Section 13 or 15(d) of the Act. PAM TRANSPORTATION SERVICES INC has submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking PAM TRANSPORTATION SERVICES INC, this filing contains several important signals. This amendment (10-K/A) suggests that the company is making corrections or providing additional details to its previously filed annual report, which could be material for investors reviewing its financial health and operations. The confirmation of its listing on the NASDAQ Global Market under the ticker PTSI is crucial for investors tracking its stock performance and for understanding its public market presence.

Risk Assessment

Risk Level: low — PAM TRANSPORTATION SERVICES INC shows low risk based on this filing. The filing is an amendment to a 10-K, indicating potential corrections or additions to previously reported information, but does not inherently signal new financial distress or significant operational changes.

Analyst Insight

Investors should review the specific changes made in this 10-K/A filing to understand any updated disclosures or corrections relevant to PAM TRANSPORTATION SERVICES INC's financial performance and operations.

Key Numbers

• 2023-12-31 — Fiscal Year End (For the Fiscal Year Ended December 31, 2023)
• 2024-04-29 — Filed As Of Date (FILED AS OF DATE: 20240429)
• 0001437749-24-013678 — Accession Number (ACCESSION NUMBER: 0001437749-24-013678)
• 0000798287 — Central Index Key (CENTRAL INDEX KEY: 0000798287)

Key Players & Entities

• PAM TRANSPORTATION SERVICES INC (company) — Registrant
• NASDAQ Global Market (company) — Name of each exchange on which registered
• Delaware (company) — State of incorporation
• PTSI (company) — Trading Symbol

FAQ

Industry Context

PAM TRANSPORTATION SERVICES INC operates in the trucking industry, providing transportation services.

Regulatory Implications

The company is subject to SEC filing requirements under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the specific amendments made in the 10-K/A filing for any material changes.
2. Monitor the stock performance of PTSI on the NASDAQ Global Market.
3. Analyze the company's operational and financial disclosures in the context of the trucking industry.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates or corrections to the original 10-K filing for the fiscal year ended December 31, 2023.

Filing Documents

• ptsi20231231_10ka.htm (10-K/A) — 371KB
• ex_662963.htm (EX-31.3) — 4KB
• ex_662958.htm (EX-31.4) — 4KB
• 0001437749-24-013678.txt (&nbsp;) — 636KB
• ptsi-20231231.xsd (EX-101.SCH) — 3KB
• ptsi-20231231_def.xml (EX-101.DEF) — 17KB
• ptsi-20231231_lab.xml (EX-101.LAB) — 23KB
• ptsi-20231231_pre.xml (EX-101.PRE) — 18KB
• ptsi20231231_10ka_htm.xml (XML) — 8KB

Executive Compensation

Executive Compensation 5 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 19 Item 13 Certain Relationships and Related Transactions, and Director Independence 20 Item 14 Principal Accounting Fees and Services 22 PART IV Item 15 Exhibits, Financial Statement Schedules 23

SIGNATURES

SIGNATURES 24 Table of Contents PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance. Directors Our Board of Directors currently consists of nine directors. Members of our Board are elected annually to serve until the next annual meeting of stockholders or until their successors are elected and qualified. The biography of each of our directors and executive officers below contains information regarding the person's service as director, business experience, director positions held currently or at any time during the last five years, and the experiences, qualifications, attributes or skills that caused the Board to determine that the person should serve as a director. Michael D. Bishop , age 56, has been a director and a member of the Audit Committee since 2019. Mr. Bishop is the President and Founder of American General Counsel PLC, a law firm providing general counsel services to businesses. From 2018 to 2020, Mr. Bishop was Co-President of iPSE-US, the Association of Independent Workers, an association dedicated to advancing the freedom an interests of America's independent workers. Mr. Bishop served as a member of the United States Congress from 2014 to 2018. During his tenure in Congress, Mr. Bishop was appointed to and served on the House Ways and Means Committee, the Judiciary Committee and the Higher Education Committee. Preceding his service in the United States Congress, Mr. Bishop was the Chief Legal Officer and General Counsel of International Bancard Company, a nation-wide financial services technology company. Prior to his role at International Bancard, Mr. Bishop was a Senior Attorney with Clark Hill PLC, an international law firm, where he concentrated in the areas of Public Policy and Business Law. Before joining Clark Hill PLC, Mr. Bishop was elected to and served in the Michigan State legislature from 1998 to 2010. During his tenure in the Michigan State legislature, Mr. Bishop was chosen to serve as the Senate Majority Leader and also served on various committees

Executive Compensation

Item 11. Executive Compensation. Compensation Discussion and Analysis Overview Our primary goal for the compensation of our executive officers is to create long-term value for our stockholders. Our compensation program is intended to attract, motivate, reward and retain the management talent required to achieve our corporate objectives and create long-term value for our stockholders, while at the same time making efficient use of our resources. The compensation of our executive officers is designed to reward financial and operating performance, to align their interests with those of our stockholders, and to encourage them to remain with us. Named Executive Officers for 2023 Our "named executive officers" for 2023 consisted of our President and Chief Executive Officer, Joseph A. Vitiritt

View Full Filing

View this 10-K/A filing on SEC EDGAR