Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 27

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 27
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ulus, Michigan 
      Lease 
      No 
      Yes 
      No 

      North Jackson, Ohio 
      Own 
      Yes 
      Yes 
      Yes 

      Willard, Ohio 
      Own 
      Yes 
      Yes 
      No 

      El Paso, Texas 
      Own 
      Yes 
      Yes 
      Yes 

      Irving, Texas 
      Own 
      Yes 
      Yes 
      Yes 

      Laredo, Texas 
      Own 
      Yes 
      Yes 
      Yes 

      Monterrey, Mexico 
      Lease 
      Yes 
      No 
      No 

      Nuevo Laredo, Mexico 
      Own 
      No 
      No 
      No 

      Fort Wayne, Indiana 
      Lease 
      Yes 
      Yes 
      No 

      Charlotte, North Carolina 
      Lease 
      No 
      Yes 
      No 

      Saddle Brook, New Jersey 
      Lease 
      Yes 
      No 
      No 

We also have access to trailer drop and relay stations in various other locations across the country. We lease certain of these facilities on a month-to-month basis from affiliates of our largest stockholder.

We believe that all of the properties that we own or lease are suitable for their purposes and adequate to meet our needs.

Item 3. Legal Proceedings

We are involved in certain claims and pending litigation arising from the ordinary conduct of business. We also provide accruals for claims within our self-insured retention amounts. We currently self-insure for certain layers of auto liability claims in excess of $2.0 million. Specifically, we reserve for claims that are expected to exceed $2.0 million when fully developed, based on the facts and circumstances of those claims. Based on our knowledge of the facts, and in certain cases, opinions of outside counsel, we believe the resolution of such claims and pending litigation will not have a material effect on our financial position, results of operations or cash flows. However, if we experience claims that are not covered by our insurance or that exceed our estimated claim reserve, it could increase the volatility of our earnings and have a materially adverse effect on our financial condition, results of operations or cash flows.

Item 4. Mine Safety Disclosures

Not applicable

      - 18 -

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Our common stock is traded on the NASDAQ Global Market under the symbol PAMT. As of