MARTEN TRANSPORT LTD
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
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Item 16. FORM 10-K SUMMARY
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Marten Transport, Ltd., the Registrant, has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: February 28, 2024 | MARTEN TRANSPORT, LTD. |
|---|---|
| By /s/ Timothy M. Kohl | |
| Timothy M. Kohl | |
| Chief Executive Officer (Principal Executive Officer) |
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below on February 28, 2024, by the following persons on behalf of the Registrant and in the capacities indicated.
| Signature | Title |
|---|---|
| /s/ Randolph L. Marten | Executive Chairman of the Board and Director |
| Randolph L. Marten | |
| /s/ James J. Hinnendael | Executive Vice President and Chief Financial |
| James J. Hinnendael | Officer (Principal Financial and Accounting Officer) |
| /s/ Larry B. Hagness | Director |
| Larry B. Hagness | |
| /s/ Thomas J. Winkel | Director |
| Thomas J. Winkel | |
| /s/ Jerry M. Bauer | Director |
| Jerry M. Bauer | |
| /s/ Robert L. Demorest | Director |
| Robert L. Demorest | |
| /s/ Ronald R. Booth | Director |
| Ronald R. Booth | |
| /s/ Kathleen P. Iverson | Director |
| Kathleen P. Iverson | |
| /s/ Patricia L. Jones | Director |
| Patricia L. Jones | |
SCHEDULE II
Valuation and Qualifying Accounts and Reserves
(In thousands)
| Balance at · Charged to | |||||
|---|---|---|---|---|---|
| Beginning of · Costs and · Balance at | |||||
| Description · Year · Expenses · Deductions · End of Year | |||||
| Insurance and claims accruals: | |||||
| Year ended December 31, 2023 | $45,747 | $71,230 | $(69,960) | (1) | $47,017 |
| Year ended December 31, 2022 | 42,014 | 67,790 | (64,057) | (1) | 45,747 |
| Year ended December 31, 2021 | 39,595 | 55,342 | (52,923) | (1) | 42,014 |
| Allowance for doubtful accounts: | |||||
| Year ended December 31, 2023 | 500 | - | (3) | (2) | 497 |
| Year ended December 31, 2022 | 348 | 350 | (198) | (2) | 500 |
| Year ended December 31, 2021 | 348 | - | - | (2) | 348 |
| (1) | Claims payments |
| (2) | Write-off of bad debts, net of recoveries |
See report of independent registered public accounting firm.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.