Filing Analysis
PAMT CORP announced the promotion of Daniel C. Kleine from Senior Vice President of Finance and Treasurer to Chief Financial Officer, effective July 30, 2026. The filing also includes the release of Q2 2026 financial results.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Daniel C. Kleine appointed as CFO, effective July 30, 2026.
- Kleine will continue to serve as Company Treasurer.
- Annual base salary for the new CFO is $300,000.
- Grant of 20,000 restricted stock units (RSUs) vesting in four equal annual installments starting August 2026.
- Company released Q2 2026 financial results via news release on August 4, 2026.
PAMT CORP reported the results of its Annual Meeting of Shareholders held on April 30, 2026. Shareholders elected nine directors, approved executive compensation for 2025, and ratified the appointment of Grant Thornton LLP as the independent auditor for 2026.
📋 Key Facts
- Annual Meeting of Shareholders was held on April 30, 2026.
- Nine directors were elected, including Michael D. Bishop, Frederick P. Calderone, and Matthew T. Moroun.
- Executive compensation for 2025 was approved with 19,146,400 votes 'For' and 247,974 votes 'Against'.
- Grant Thornton LLP was ratified as the independent registered public accounting firm for 2026 with 20,081,339 votes 'For'.
PAMT CORP announced its first quarter 2026 financial results and disclosed plans to accelerate share repurchases in the second quarter of 2026. The company intends to utilize its existing stock repurchase authorization more actively during this period.
📋 Key Facts
- Financial results for the first quarter ended March 31, 2026, were released on May 1, 2026.
- The company announced an intention to more actively implement share repurchases during Q2 2026.
- Repurchases will be conducted under an existing stock repurchase authorization.
- The filing includes Item 2.02 (Results of Operations) and Item 7.01 (Regulation FD Disclosure).
PAMT Corp filed an 8-K on February 19, 2026, to announce its financial results for Q4 and full year ended December 31, 2025, via a news release issued on February 13, 2026. This is a routine earnings announcement under Item 2.02 with no unusual flags or concerning disclosures in the filing itself.
🚩 Red Flags
- Exhibit 99.1 (the actual earnings press release) was not included in the filing text provided — the financial details (revenue, EPS, margins, guidance) cannot be assessed without it
📋 Key Facts
- PAMT Corp announced Q4 and full-year 2025 financial results via news release dated February 13, 2026
- Filing is furnished (not filed) under Item 2.02 — Results of Operations and Financial Condition
- Exhibit 99.1 contains the earnings press release but is not included in the filing text provided for review
- Company is incorporated in Nevada, headquartered in Tontitown, Arkansas
- Listed on NASDAQ Global Market under ticker PAMT, common stock at $0.01 par value
- Signed by Daniel C. Kleine, Senior Vice President of Finance and Treasurer
- Company is NOT an emerging growth company
PAMT CORP filed an 8-K to announce the release of its financial results for the third quarter ended September 30, 2025. The filing serves as a formal notification that earnings data is now available via a news release.
📋 Key Facts
- Report date: October 28, 2025
- Filing date: October 31, 2025
- Subject matter: Q3 2025 financial results (period ended September 30, 2025)
- Exchange: NASDAQ Global Market
PAMT Corp announced amended employment agreements for its CEO, Lance K. Stewart, and a new employment agreement for SVP of Finance and Treasurer, Daniel C. Kleine.
🚩 Red Flags
- None identified in this specific filing.
📋 Key Facts
- Amended Employment Agreement with CEO Lance K. Stewart effective August 4, 2025; annual base salary set at $505,440.
- New Employment Agreement with SVP of Finance/Treasurer Daniel C. Kleine effective August 11, 2025; annual base salary set at $240,240.
- CEO agreement includes a 6-month severance period if terminated without just cause and a 1-year non-compete clause (extendable).
- SVP of Finance agreement includes a 4-month severance period if terminated without just cause and a 24-month non-solicitation covenant.
PAMT Corp announced a significant leadership reshuffle effective August 4, 2025. CFO Lance K. Stewart is being promoted to President and CEO, while Daniel C. Kleine will serve as interim principal financial officer until a permanent CFO is appointed.
🚩 Red Flags
- Management instability: The company has undergone multiple leadership changes in a short period (Interim CEO since June 27; CFO transition occurring now).
- Search for permanent CFO: The appointment of Kleine is explicitly described as an interim measure until a permanent replacement is found.
📋 Key Facts
- Lance K. Stewart (current CFO) appointed as President and CEO effective August 4, 2025.
- Matthew T. Moroun returns to his role as Chairman of the Board after serving as interim CEO since June 27, 2025.
- Daniel C. Kleine appointed SVP and Treasurer; will serve as principal financial/accounting officer until a permanent CFO is named.
- Lance K. Stewart's annual base salary increases to $505,440 with an award of 100,000 restricted stock units vesting over four years starting February 2026.
PAMT CORP filed an 8-K to announce the release of its financial results for the second quarter ended June 30, 2025. The filing serves as a formal notice that earnings data is being made public via a news release.
📋 Key Facts
- Report date: July 25, 2025
- Reporting period: Second Quarter ended June 30, 2025
- The filing includes an announcement of financial results under Item 2.02
- News release is attached as Exhibit 99.1
PAMT Corp announced the resignation of its President and CEO, Joseph A. Vitiritto, effective June 27, 2025. The departure is accompanied by a one-year consulting agreement providing advisory services through June 2026.
🚩 Red Flags
- Sudden departure of a key executive (CEO) often signals internal instability or strategic shifts.
- Waiver of a standard six-month notice period is unusual and may indicate an expedited exit strategy.
- Ongoing cash outflows ($416,000 annualized) for consulting services following the CEO's departure.
📋 Key Facts
- CEO Joseph A. Vitiritto will resign from his positions on June 27, 2025.
- A Consulting Agreement was entered into on May 19, 2025, for a one-year term (June 30, 2025 – June 30, 2026).
- The CEO will receive a weekly consulting fee of $8,000.
- A one-time cash bonus of $10,000 is to be paid in connection with the agreement and release of claims.
- The Company waived the CEO's six-month notice obligation required by his original employment agreement.
PAMT Corp announced the resignation of CEO Joseph A. Vitiritto effective June 27, 2025, and the appointment of Board Chairman Matthew T. Moroun as interim CEO. The filing also notes the ratification of Grant Thornton LLP as the independent auditor for 2025.
🚩 Red Flags
- Unexpected leadership transition (CEO resignation).
- Related-party transactions involving Chairman Matthew T. Moroun (referenced in proxy statement).
📋 Key Facts
- CEO Joseph A. Vitiritto to resign effective June 27, 2025, citing family reasons.
- Chairman Matthew T. Moroun appointed interim President and CEO effective June 27, 2025; he will receive no additional compensation for this role.
- The Board approved an updated Amended and Restated Indemnification Agreement for directors and officers following the company's reincorporation in Nevada.
- Shareholders ratified Grant Thornton LLP as the independent registered public accounting firm for the 2025 calendar year.
PAMT CORP filed an 8-K to announce the release of its financial results for the first quarter ended March 31, 2025. The filing serves as a formal notice that earnings information is available via a news release attached as Exhibit 99.1.
📋 Key Facts
- Reporting period: First Quarter ended March 31, 2025.
- Event date: April 23, 2025.
- The company issued a news release (Exhibit 99.1) containing the financial results.
PAMT CORP filed an 8-K to announce its financial results for the fourth quarter and full year ended December 31, 2024. The filing serves as a formal announcement of the release of their earnings news release.
📋 Key Facts
- Report date: February 11, 2025
- Filing date: February 14, 2025
- Subject matter: Financial results for Q4 and FY ended December 31, 2024
- Exhibits include a news release (Exhibit 99.1)
PAMT Corp is filing this 8-K to update its description of capital stock following a corporate name change and redomestication from Delaware to Nevada, which was previously reported on November 7, 2024.
📋 Key Facts
- Company changed name from P.A.M. Transportation Services, Inc. to PAMT CORP.
- Company redomesticated from the State of Delaware to the State of Nevada.
- The change was part of a plan adopted by the Board on April 22, 2024, and approved by shareholders on October 31, 2024.
- Filing serves to update the description of capital stock in the Company's original Form 8-A filed on October 7, 1986.
This is an amendment to a previous 8-K filing intended to correct a clerical error on the cover page regarding the company's state of incorporation. The filing confirms the successful redomestication from Delaware to Nevada and a name change from P.A.M. Transportation Services, Inc. to PAMT CORP.
🚩 Red Flags
- None identified; this is a corrective filing for an inadvertent clerical error.
📋 Key Facts
- The filing is an Amendment No. 1 to correct the state of incorporation on the cover page from Delaware to Nevada.
- Redomestication from Delaware to Nevada was effective as of November 7, 2024.
- Company name changed from P.A.M. Transportation Services, Inc. to PAMT CORP.
- Authorized shares of common stock increased from 50,000,000 to 100,000,000 shares via the Nevada Articles.
- The redomestication did not change business operations, management, assets, liabilities, or net worth.
- Trading symbol remains 'PAMT' on the Nasdaq Global Market.
PAMT CORP (formerly P.A.M. Transportation Services, Inc.) has completed its redomestication from Delaware to Nevada and changed its corporate name. The move was approved by shareholders on October 31, 2024.
🚩 Red Flags
- Increase in authorized shares (from 50M to 100M) provides the company with more 'dry powder' for potential future equity dilution via new issuances.
📋 Key Facts
- Effective date of redomestication: November 7, 2024.
- Company name changed from P.A.M. Transportation Services, Inc. to PAMT CORP.
- Domicile changed from Delaware to Nevada.
- Authorized shares increased from 50,000,000 to 100,000,000 shares as per the new Nevada Articles of Incorporation.
- The number of outstanding shares and all existing stock options/equity awards remain unchanged.
- No changes to management, physical location, assets, liabilities, or material contracts.
PAM Transportation Services, Inc. held its 2024 Annual Meeting of Shareholders on October 31, 2024. The meeting resulted in the election of nine directors and the approval of several key corporate actions including a new equity incentive plan and redomestication to Nevada.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Shareholders approved the P.A.M. Transportation Services, Inc. 2024 Equity Incentive Plan with a reserve of 1,600,000 shares.
- Nine directors were elected to serve until the next Annual Meeting of Shareholders.
- Shareholders approved the redomestication of the Company from Delaware to the State of Nevada by conversion.
- Shareholders approved an increase in the authorized shares of the Company's common stock.
- Grant Thornton LLP was ratified as the Company’s independent registered public accounting firm for 2024.
P.A.M. Transportation Services, Inc. filed an 8-K to announce its financial results for the second quarter ending September 30, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly earnings (Item 2.02).
- Financial results pertain to the second quarter ending September 30, 2024.
- The news release was issued on October 24, 2024.
P.A.M. Transportation Services, Inc. filed an 8-K to announce its financial results for the second quarter ending June 30, 2024.
📋 Key Facts
- The company issued a news release on July 24, 2024, regarding Q2 2024 financial results.
- Reporting period: Second Quarter ended June 30, 2024.
- The filing is an announcement of earnings (Item 2.02).
P.A.M. Transportation Services, Inc. announced a proposed plan to convert from a Delaware corporation to a Nevada corporation under the name 'PAMT CORP'. The conversion is subject to stockholder approval at the 2024 annual meeting on August 1, 2024.
🚩 Red Flags
- Significant increase in authorized share count (doubling from 50M to 100M), which can lead to future dilution if used for capital raises.
📋 Key Facts
- Proposed conversion from Delaware to Nevada jurisdiction.
- New corporate name will be PAMT CORP.
- Board approved an increase in authorized common stock from 50,000,000 to 100,000,000 shares effective upon reincorporation.
- Stockholder vote scheduled for August 1, 2024.
- The company states the conversion is not related to any pending extraordinary transactions.
The company issued an 8-K to announce its financial results for the first quarter ending March 31, 2024. The filing serves as a formal announcement of the earnings press release.
📋 Key Facts
- Financial results were announced on April 18, 2024.
- The reporting period covers the first quarter ending March 31, 2024.
- Results are contained in a news release attached as Exhibit 99.1.
The Company's Board of Directors approved and adopted the Second Amended and Restated By-Laws on February 15, 2024. The amendments are intended to modernize company bylaws in accordance with current law and technology.
🚩 Red Flags
- None identified; these are standard administrative/governance updates.
📋 Key Facts
- Board approved Second Amended and Restated By-Laws effective February 15, 2024.
- Amendments allow for shareholder meetings via remote communication if authorized by the Board.
- New advance notice procedures require shareholders to notify the Company of proposed business/nominees 90-120 days prior to meetings.
- Bylaws updated to address SEC universal proxy rules (Rule 14a-19).
- Procedures added regarding the execution and delivery of shareholder proxies.
The company issued an 8-K to announce its financial results for the fourth quarter and full year ending December 31, 2023. The filing serves as a formal mechanism to incorporate the press release dated February 1, 2024, into the public record.
📋 Key Facts
- Financial results announced for Q4 and FY ending December 31, 2023.
- News release issued on February 1, 2024.
- The filing includes Exhibit 99.1 containing the news release.