# EDGAR Filing Document

**Accession Number:** 0000799167
**File Stem:** 0001437749-25-027355
**Filing Date:** 2025-8
**Character Count:** 11354
**Document Hash:** acf613daadb137ec1a93f83425a1992f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-027355.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001437749-25-027355

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250819

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MARTEN TRANSPORT LTD
- **CENTRAL INDEX KEY:** 0000799167
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRUCKING (NO LOCAL) [4213]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 391140809
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-15010
- **FILM NUMBER:** 251231675

**BUSINESS ADDRESS:**
- **STREET 1:** 129 MARTEN STREET
- **CITY:** MONDOVI
- **STATE:** WI
- **ZIP:** 54755
- **BUSINESS PHONE:** 715-926-4216

**MAIL ADDRESS:**
- **STREET 1:** 129 MARTEN STREET
- **CITY:** MONDOVI
- **STATE:** WI
- **ZIP:** 54755

?xml version='1.0' encoding='ASCII'? mrtn20250819_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

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Date of Report (Date of earliest event reported):

**August 19, 2025**

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**MARTEN TRANSPORT, LTD.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **0-15010** | **39-1140809** |
| (State or other jurisdiction of<br> incorporation) | (Commission File Number) | (I.R.S. Employer<br> Identification Number) |

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| | |
|:---|:---|
| **129 Marten Street**<br> **Mondovi, Wisconsin** | **54755** |
| (Address of principal executive offices) | (Zip Code) |

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**(715) 926-4216**

(Registrant's telephone number, including area code)

**Not applicable.**

(Former name or former address, if changed since last report)

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 (see General Instruction A.2. below):

☐ 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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| | | |
|:---|:---|:---|
| **<u>Title of each class:</u>** | **<u>Trading symbol:</u>** | **<u>Name of each exchange on which registered:</u>** |
| COMMON STOCK, PAR VALUE<br> $.01 PER SHARE | MRTN | THE NASDAQ STOCK MARKET LLC<br> (NASDAQ GLOBAL SELECT MARKET) |

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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).

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. ☐

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***Section 5*** – ***Corporate Governance and Management***

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*Departure of Certain Officers*

On August 19, 2025, Marten Transport, Ltd. (the "Company") announced that Timothy M. Kohl, Chief Executive Officer of the Company, notified the Company that he will retire from the Company as of the close of business on September 30, 2025.

*Appointment of Certain Officers*

On August 19, 2025, the Company announced that Randolph L. Marten has been appointed to serve as Chairman of the Board of Directors and Chief Executive Officer ("CEO") of the Company, effective October 1, 2025. Mr. Marten, age 72, has been a full-time employee of the Company since 1974. Mr. Marten has been a Director since October 1980 and Executive Chairman of the Board since May 2021. Mr. Marten also served as Chairman of the Board from August 1993 to May 2021, Chief Executive Officer from January 2005 to May 2021, President from June 1986 to June 2008, Chief Operating Officer from June 1986 to August 1998 and as a Vice President from October 1980 to June 1986.

There is no arrangement or understanding between Mr. Marten and any other person pursuant to which Mr. Marten has been appointed as CEO. There are no family relationships between Mr. Marten and any of the Company's directors and executive officers, and Mr. Marten is not a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K.

*Compensatory Arrangements of Certain Officers*

As of the date of filing of this Current Report on Form 8-K, the Company has not entered into any material plan, contract or arrangement or made any amendment thereto or made any grant or award, in connection with Mr. Marten's appointment as Chief Executive Officer. Mr. Marten's previously reported compensatory arrangements, grants and awards remain in effect. To the extent any such arrangements are amended, or any new material plan, contract or arrangement or amendment is entered into in connection with such appointment, including any new grant or award, the Company will file an amendment to this Current Report on Form 8-K within four business days after the Company enters into any such plan, contract, arrangement, amendment, grant or award to include the information required by Item 5.02(c)(3) of Form 8-K.

***Section 7*** – ***Regulation FD***

**Item 7.01.**&nbsp;&nbsp;&nbsp;&nbsp; **Regulation FD Disclosure.**

On August 19, 2025, the Company issued a press release announcing the changes to its leadership described in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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The company is furnishing the information contained in Exhibit 99.1 pursuant to Regulation FD and Item 7.01 of Form 8-K. The information in Exhibit 99.1 shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

***Section 9*** – ***Financial Statements and Exhibits***

**Item 9.01. Financial Statements and Exhibits.**

(a) <u>Financial Statements of Businesses Acquired</u>.

Not Applicable.

(b) <u>Pro Forma Financial Information</u>.

Not Applicable.

(c) <u>Shell Company Transactions</u>.

Not Applicable.

(d) <u>Exhibits</u>.

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 99.1 | [Press Release dated August 19, 2025 (included herewith).](ex_854966.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**SIGNATURES**

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 thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **MARTEN TRANSPORT, LTD.** | **MARTEN TRANSPORT, LTD.** |
| Dated: August 19, 2025  | By:  | /s/ James J. Hinnendael  |
|  |  | James J. Hinnendael<br> Its: Executive Vice President and<br> Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**MARTEN TRANSPORT ANNOUNCES CEO RETIREMENT**

**AND LEADERSHIP TRANSITION**

**MONDOVI, Wis., August 19, 2025 (GLOBE NEWSWIRE)** -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that Timothy Kohl, the Company's Chief Executive Officer, has decided to retire from his role as Chief Executive Officer effective September 30, 2025. Randolph Marten, the Company's Executive Chairman of the Board of Directors and previous Chief Executive Officer, has been named Chairman of the Board of Directors and Chief Executive Officer, effective October 1, 2025.

"We are very thankful to Tim for his tenure as CEO and previously as President with the Company since joining us in 2007. He championed the Company's transformation to a multifaceted business that led to a period of unprecedented growth, often during complex and challenging environments," said Mr. Marten. "It has been a privilege to work with Tim, and we wish him the best in his retirement."

Mr. Marten has been a full-time employee of the Company since 1974. Mr. Marten has been a Director since October 1980 and Executive Chairman of the Board since May 2021. Mr. Marten also served as Chairman of the Board from August 1993 to May 2021, Chief Executive Officer from January 2005 to May 2021, President from June 1986 to June 2008, Chief Operating Officer from June 1986 to August 1998 and as a Vice President from October 1980 to June 1986.

Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted business offering a network of time and temperature-sensitive and dry truck-based transportation and distribution capabilities across the Company's six distinct business platforms – Temperature-Sensitive and Dry Truckload, Dedicated, Intermodal, Brokerage and MRTN de Mexico. Marten is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The Company offers service in the United States, Mexico and Canada, concentrating on expedited movements for high-volume customers. Marten's common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including Marten's current expectations concerning its leadership. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially from those expressed in such forward-looking statements. Important factors known to Marten that could cause actual results to differ materially from those discussed in the forward-looking statements are discussed in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Marten undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACTS: Tim Kohl, Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.