On May 24, 2012, the Board of Directors of P.A.M. Transportation Services, Inc. (the "Company") granted stock options to certain employees pursuant to the Company's 2006 Stock Option Plan, which has been previously filed with the Commission. Daniel Cushman, the Company's President and Chief Executive Officer, received a stock option grant of 49,000 shares. Larry Goddard, the Company's Executive Vice President, received a grant of 15,000 shares. Lance Stewart, the Company's Vice President of Finance, Chief Financial Officer, Secretary and Treasurer, received a stock option grant of 15,000 shares. All options have an exercise price of $10.90 per share, which is equal to the fair market value of the common stock on the date of grant. Each stock option grant vests in five equal annual installments beginning on May 24, 2013.

On May 24, 2012, the Annual Meeting of Stockholders of the Company was held, at which meeting eight directors were elected to serve as the Board of Directors until the next Annual Meeting of Stockholders and the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the calendar year 2012 was ratified. Final vote tabulations are indicated below:

(1) Election of eight director nominees to serve until the date of the next annual meeting of stockholders:

                                                     Broker
                       Votes For   Votes Withheld   Non-Votes
Frederick P. Calderone 5,742,042     1,598,503       893,966
Frank L. Conner        7,277,420       63,125        893,966
Daniel H. Cushman      6,313,371     1,027,174       893,966
W. Scott Davis         7,277,420       63,125        893,966
Manuel J. Moroun       5,526,395     1,814,150       893,966
Matthew T. Moroun      5,742,042     1,598,503       893,966
Daniel C. Sullivan     7,277,420       63,125        893,966
Charles F. Wilkins     7,277,420       63,125        893,966

(2) Proposal to ratify Grant Thornton LLP as the Company's independent registered public accounting firm for 2012:

Votes For Votes Against Abstentions Broker Non-Votes 8,226,261 8,200 50 0

Abstentions and broker non-votes were included in the calculation of the number of shares considered to be represented at the meeting, but were not included as votes cast on a proposal. Therefore, abstentions and broker non-votes did not have the effect of a vote for or against the proposal and were not counted in determining the number of votes required for approval.