11/05/2024 | Press release | Distributed by Public on 11/05/2024 16:27
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
At the 2024 Annual Meeting of Shareholders of P.A.M. Transportation Services, Inc. (the "Company"), held on October 31, 2024 (the "Annual Meeting"), the Company's shareholders approved the P.A.M. Transportation Services, Inc. 2024 Equity Incentive Plan (the "Plan"). Under the Plan, the Company may grant future awards of stock options, restricted shares, stock appreciation rights, restricted stock units, performance shares, performance units and unrestricted shares to the Company's employees, officers, directors, consultants or advisors. The Plan includes a reserve of 1,600,000 shares authorized for issuance under the plan, subject to adjustment in connection with changes in capitalization and reorganization and change in control events. A description of the material terms of the Plan is contained under the heading "Proposal Two - Approval of the Company's 2024 Equity Incentive Plan" in the Company's definitive proxy statement for the 2024 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on September 20, 2024. A copy of the Plan is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.