Marten Transport raises five executives' base salaries and revises bonus plan
At its May 5, 2026 annual meeting, stockholders elected all seven director nominees, approved the advisory say-on-pay resolution, and ratified Grant Thornton LLP as auditor for 2026. The Compensation Committee also raised base salaries for five named executive officers, effective April 5, 2026, and adopted a revised Executive Officer Performance Incentive Plan that changes how the bonus pool is calculated.
Key points
- Chairman and CEO Randolph L. Marten's base salary rose from $818,000 to $842,600, effective April 5, 2026
- President Douglas P. Petit's base salary rose from $401,000 to $440,000; Randall J. Baier's rose from $300,000 to $330,000
- Revised incentive plan uses audited net income without adjustments and requires the net income increase to be at least 65 percent of the pre-bonus increase
- Stockholders approved executive compensation with 71,852,429 votes for and 722,632 against; Grant Thornton LLP ratification received 75,043,366 votes for
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.
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