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PTSI > SEC Filings for PTSI > Form 8-K on 6-Jun-2013All Recent SEC Filings

Show all filings for PAM TRANSPORTATION SERVICES INC | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers

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

Departure of Lance K. Stewart

On June 3, 2013, Lance K. Stewart notified the Board of Directors of P.A.M. Transportation Services, Inc. (the "Company") that he will resign as Vice President of Finance, Chief Financial Officer, Secretary and Treasurer of the Company. The resignation will become effective three months following that date. Mr. Stewart's salary during this period will be based on an annual salary of $280,000, which is an increase of $80,000 from his previous salary.

Appointment of Allen West

On June 3, 2013, the Board appointed Allen West, age 45, as Vice President of Finance, Chief Financial Officer, Secretary and Treasurer of the Company. He will serve in this capacity until such time as his successor shall be duly appointed and qualified or until his resignation or removal.

Mr. West joined the Company in June 1997 as Director of Tax and has served as Vice President of Tax and Financial Reporting of the Company since 2007. He has been with the Company for approximately 16 years and has a B.S. degree from Arkansas State University. Prior to joining the Company, Mr. West served in various capacities within the trucking industry and within public accounting. He is a Certified Public Accountant and Chartered Global Management Accountant.

The Company has agreed to pay Mr. West an annual salary of $200,000. There are no arrangements or understandings between him and any other person pursuant to which he was appointed, and he is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K.

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