# EDGAR Filing Document

**Accession Number:** 0000928658
**File Stem:** 0001008886-23-000006
**Filing Date:** 2023-1
**Character Count:** 9834
**Document Hash:** 4afce982a0a7f047a82ce35ea779c70f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001008886-23-000006.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001008886-23-000006

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230131

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COVENANT LOGISTICS GROUP, INC.
- **CENTRAL INDEX KEY:** 0000928658
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRUCKING (NO LOCAL) [4213]
- **IRS NUMBER:** 880320154
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-24960
- **FILM NUMBER:** 23573347

**BUSINESS ADDRESS:**
- **STREET 1:** 400 BIRMINGHAM HIGHWAY
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37419
- **BUSINESS PHONE:** 4238211212

**MAIL ADDRESS:**
- **STREET 1:** 400 BIRMINGHAM HIGHWAY
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COVENANT TRANSPORTATION GROUP INC
- **DATE OF NAME CHANGE:** 20070522

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COVENANT TRANSPORT INC
- **DATE OF NAME CHANGE:** 19940818

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

#### ___________________________________________________________________

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):

January 31, 2023

#### ___________________________________________________________________
**COVENANT LOGISTICS GROUP, INC.** 

(Exact name of registrant as specified in its charter)

Nevada 000-24960 88-0320154 <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer &nbsp;&nbsp;&nbsp;&nbsp;Identification No.)

400 Birmingham Hwy, Chattanooga, TN 37419 <br> (Address of principal executive offices) (Zip Code)

(423) 821-1212

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| $0.01 Par Value Class A common stock | CVLG<br>| NASDAQ |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging growth company ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] |

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| | | |
|:---|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** | **Regulation FD Disclosure.** |
|  | On January 31, 2023, Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), issued a press release announcing an amendment to the Company's stock repurchase program and the adoption of a Rule 10b5-1 trading plan.<br>Any repurchases under the plan will be made in accordance defined trading parameters executed by the plan administrator, consistent with the plan and Rule 10b-18. The plan will commence in February of 2023 and expire January 31, 2024.<br>The Rule 10b5-1 repurchase plan does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the plan at any time without prior notice. | On January 31, 2023, Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), issued a press release announcing an amendment to the Company's stock repurchase program and the adoption of a Rule 10b5-1 trading plan.<br>Any repurchases under the plan will be made in accordance defined trading parameters executed by the plan administrator, consistent with the plan and Rule 10b-18. The plan will commence in February of 2023 and expire January 31, 2024.<br>The Rule 10b5-1 repurchase plan does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the plan at any time without prior notice. |
| **Item 9.01** | **Financial Statements and Exhibits.** | **Financial Statements and Exhibits.** |
|  | (d) | **Exhibits.** |
|  | EXHIBIT<br> <u>NUMBER</u> | <u>EXHIBIT DESCRIPTION</u> |
|  | [99.1](exhibit991.htm) | Covenant Logistics Group, Inc. press release announcing amended stock repurchase program and 10b5-1 trading plan |
|  | 104 | Cover Page Interactive Data File |
|  | The information contained in Items 7.01 and 9.01 of this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. | The information contained in Items 7.01 and 9.01 of this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. |

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#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **COVENANT LOGISTICS GROUP, INC.** | **COVENANT LOGISTICS GROUP, INC.** |
|  | (Registrant) |  |
| Date: January 31, 2023 | By: | /s/ James S. Grant |
|  |  | James S. Grant |
|  |  | Executive Vice President and Chief Financial Officer |

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## Exhibit 99.1

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**Exhibit 99.1**<br>

#### COVENANT LOGISTICS GROUP ANNOUNCES AMENDED

#### STOCK REPURCHASE PROGRAM AND 10b5-1 TRADING PLAN
**CHATTANOOGA, TENNESSEE –– JANUARY 31, 2023** –– Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) ("Covenant" or the "Company") announced today that on January 30, 2023, the Company's board of directors approved an amendment to the Company's stock repurchase program authorizing the purchase of up to an aggregate $55 million of the Company's Class A common stock in open market or privately negotiated transactions. The amendment added an incremental approximately $37.5 million to the approximately $17.5 million that was currently remaining under the program. The stock repurchase program does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the program at any time without prior notice. In conjunction with the amendment, the Company adopted a Rule 10b5-1 plan with defined trading parameters that will be executed by the program administrator consistent with the plan and Rule 10b-18. The plan will commence in February of 2023 and expire January 31, 2024.

#### About Covenant Logistics Group, Inc.
Covenant Logistics Group Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on NASDAQ Global Select Market under the symbol, "CVLG."

#### Forward Looking Statements

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For further information contact:

M. Paul Bunn, President and Chief Operating Officer

PBunn@covenantlogistics.com

Tripp Grant, Chief Financial Officer

TGrant@covenantlogistics.com

For copies of Company information contact:

Brooke McKenzie, Executive Administrative Assistant

BMcKenzie@covenantlogistics.com

[Back to Form 8-K](form8k.htm)<br>