P.A.M. Transportation Services Receives Shareholder Approval for 2024 Equity Incentive Plan

P.A.M. Transportation Services, Inc. recently announced that at its 2024 Annual Meeting of Shareholders held on October 31, 2024, shareholders voted in favor of the P.A.M. Transportation Services, Inc. 2024 Equity Incentive Plan. This plan allows the company to grant various awards, including stock options, restricted shares, stock appreciation rights, and more to its employees, officers, directors, consultants, or advisors.

The approved plan includes a reserve of 1,600,000 shares authorized for issuance under the program, with provisions for adjustments due to changes in capitalization, reorganization, and events related to control changes. Detailed information about the Plan can be found 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 has been filed as Exhibit 10.1 to the current Form 8-K report.

Additionally, at the same Annual Meeting, shareholders voted on various matters, including the election of nine directors to serve on the Board of Directors until the next Annual Meeting, the approval of the redomestication of the Company to the state of Nevada, an increase in authorized shares of common stock, and the ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for the calendar year 2024.

Final vote tabulations indicated strong support for all proposals, marking an important step for P.A.M. Transportation Services as it looks towards implementing its 2024 plans and strategies.

No further business or matters were presented during the meeting or any adjournment thereof. All relevant details and outcomes of the Annual Meeting, as well as the approved Plan, have been accurately documented in the Form 8-K filing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read P.A.M. Transportation Services’s 8K filing here.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.