Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 70

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 70
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 2027   59,104 
 2028   44,424 
 2029   46,074 
 Thereafter   42,958 
     
 Total  $325,582 

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       47 -

    8.  NONCASH INVESTING AND FINANCING ACTIVITIES 

   The Company financed approximately $50.0 million, $68.5 million, and $22.2 million in equipment purchases during 2024, 2023 and 2022, respectively, utilizing noncash financing.

    9.  CAPITAL STOCK 

   The Company's authorized capital stock consists of 100,000,000 shares of common stock, par value $.01 per share, and 10,000,000 shares of preferred stock, par value $.01 per share. On  October 31, 2024, the Company’s shareholders approved an increase in the authorized shares of common stock from 50,000,000 to 100,000,000 shares. At  December 31, 2024, there were 22,364,120 shares of our common stock issued and 21,782,534 shares outstanding. At  December 31, 2023, there were 22,317,671 shares of our common stock issued and 22,021,341 shares outstanding. No shares of our preferred stock were issued or outstanding at  December 31, 2024 or 2023.
    
   Common Stock
    
   The holders of our common stock, subject to such rights as  may be granted to any preferred stockholders, elect all directors and are entitled to one vote per share. All shares of common stock participate equally in dividends when and as declared by the Board of Directors and in net assets on liquidation. The shares of common stock have no preference, conversion, exchange, preemptive, or cumulative voting rights.
    
   Preferred Stock
    
   Preferred stock  may be issued from time to time by our Board of Directors, without stockholder approval, in such series and with such preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications or other provisions, as  may be fixed by the Board of Directors in the resolution authorizing their issuance. The issuance of preferred stock by the Board of Directors could adversely affect the rights of holders of shares of common stock; for example, the issuance of preferred stock could result in a class of securities outstanding that would