1 unchanged sentence
In August 2019, our Board of Directors approved and we announced an increase from current availability in our existing share repurchase program providing for the repurchase of up to $34 million, or approximately 1.8 million shares, of our common stock, which was increased by our Board of Directors to 2.7 million shares in August 2020 to reflect the three-for-two stock split effected in the form of a stock dividend on August 13, 2020.
+Added: On May 3, 2022, our Board of Directors approved and we announced an additional increase from current availability in our existing share repurchase program providing for the repurchase of up to $50.0 million, or approximately 3.1 million shares of our common stock.
The share repurchase program allows purchases on the open market or through private transactions in accordance with Rule 10b-18 of the Exchange Act.
1 unchanged sentence
The repurchase program does not have an expiration date.
−Removed: We repurchased and retired 1.3 million shares of common stock for $25.0 million in the first quarter of 2022.
+Added: We repurchased and retired 1.3 million shares of common stock for $25.0 million in the first quarter of 2022, and 963,000 shares of common stock for $16.8 million in the second quarter of 2022.
We did not repurchase any shares in 2021.
−Removed: As of March 31, 2022, future repurchases of up to $8.4 million, or approximately 1.3 million shares, were available in the share repurchase program.
−Removed: On May 3, 2022, our Board of Directors approved and we announced an additional increase from current availability in our existing share repurchase program providing for the repurchase of up to $50.0 million, or approximately 3.1 million shares of our common stock.
−Removed: The following table shows our share repurchase activity during the three months ended March 31, 2022:
−Removed: Maximum Dollar Amount
+Added: As of June 30, 2022, future repurchases of up to $33.2 million, or approximately 2.2 million shares, were available in the share repurchase program.
+Added: The following table shows our share repurchase activity during the three months ended June 30, 2022:
+Added: Average Price
+Added: Paid per Share
Total Number of
−Removed: of Shares that may
Shares Purchased
−Removed: yet be Purchased
−Removed: Average Price
as Part of a Publicly
−Removed: Under the Program
−Removed: Paid per Share
Announced Program
+Added: Maximum Dollar Amount
+Added: of Shares that may
+Added: yet be Purchased
+Added: Under the Program
(in thousands)
−Removed: January 1, 2022- January 31, 2022
−Removed: February 1, 2022-February 28, 2022
−Removed: March 1, 2022-March 31, 2022
+Added: April 1, 2022-
+Added: April 30, 2022
+Added: June 1, 2022-
+Added: June 30, 2022
+Added: The maximum dollar amount was increased on May 3, 2022 to $50.0 million.
+Added: In May 2022, shares purchased totaled $4.0 million.
Method of Filing
−Removed: Twelfth Amendment to Credit Agreement, dated as of March 1, 2022, by and among Marten Transport, Ltd., as borrower, the banks party thereto as lenders, and U.S.
−Removed: Bank National Association, as agent for the lenders
−Removed: Incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed March 2, 2022.
+Added: Named Executive Officer Compensation
+Added: Incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed May 6, 2022.
Certification pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, by Timothy M.
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Filed with this Report.
−Removed: The following financial information from Marten Transport, Ltd.’s Quarterly Report on Form 10-Q for the period ended March 31, 2022, filed with the SEC on May 5, 2022, formatted in iXBRL, or Inline eXtensible Business Reporting Language:
+Added: The following financial information from Marten Transport, Ltd.’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, filed with the SEC on August 8, 2022, formatted in iXBRL, or Inline eXtensible Business Reporting Language:
(i) Consolidated Condensed Balance Sheets, (ii) Consolidated Condensed Statements of Operations, (iii) Consolidated Condensed Statements of Stockholders’ Equity, (iv)  Consolidated Condensed Statements of Cash Flows, and (v) Notes to Consolidated Condensed Financial Statements
Filed with this Report.
−Removed: The cover page from Marten Transport, Ltd.’s Quarterly Report on Form 10-Q for the period ended March 31, 2022, formatted in iXBRL, included in Exhibit 101
+Added: The cover page from Marten Transport, Ltd.’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, formatted in iXBRL, included in Exhibit 101
Filed with this Report.
1 unchanged sentence
MARTEN TRANSPORT, LTD.
+Added: August 8, 2022
/s/ Timothy M.
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(Principal Executive Officer)
+Added: August 8, 2022
Executive Vice President and Chief Financial Officer
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.