Company: PAMT
Filing Date: 2025-05-12
Form Type: 8-K
Source: 0001683168-25-003438
Chunk: 1

Company: PAMT CORP
Filing Date: 2025-05-12
Form: 8-K
Item: Item 5.02
Chunk 1
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 agreement (the “ Amended and Restated Indemnification Agreement”) to be
entered into by the Company with each of its directors and executive officers. The Amended and Restated Indemnification Agreement has
been updated to reflect the Company’s recent name change and reincorporation in the State of Nevada. The Amended and Restated Indemnification
Agreement requires the Company to indemnify each director and executive officer, under the circumstances and to the extent provided in
the agreement, to the fullest extent permitted by Nevada law, including indemnification of expenses such as attorneys’ fees, judgments,
fines and settlement amounts incurred by the director or executive officer in any action or proceeding arising out of the person’s
service as a director or executive officer. The Amended and Restated Indemnification Agreement also requires the Company to maintain directors’
and officers’ liability insurance coverage, subject to specified exceptions, and sets forth procedures with respect to requests
for indemnification from a director or executive officer.

The foregoing description of the Amended and Restated
Indemnification Agreement is not complete and is qualified in its entirety by reference to the full text of the Amended and Restated Indemnification
Agreement, which is attached as Exhibit 10.1 hereto and is incorporated by reference herein.

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