Marten Transport has cut the salaries of six key executives while keeping their other compensation intact.
In a filing with the Securities and Exchange Commission, the truckload carrier said it had reduced the salaries of four executives by 7.5%. The four are Randolph Marten, executive chairman; CEO Timothy Kohl; James Hinnendael, CFO and executive vice president; and President Douglas Petit.
Chief Operating Officer Adam Phillips’ salary was cut by 5%, as was that of Executive Vice President and...