<SEC-DOCUMENT>0001437749-15-015611.txt : 20150812
<SEC-HEADER>0001437749-15-015611.hdr.sgml : 20150812
<ACCEPTANCE-DATETIME>20150812152710
ACCESSION NUMBER:		0001437749-15-015611
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150806
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20150812
DATE AS OF CHANGE:		20150812

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAM TRANSPORTATION SERVICES INC
		CENTRAL INDEX KEY:			0000798287
		STANDARD INDUSTRIAL CLASSIFICATION:	TRUCKING (NO LOCAL) [4213]
		IRS NUMBER:				710633135
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15057
		FILM NUMBER:		151046811

	BUSINESS ADDRESS:	
		STREET 1:		297 WEST HENRI DE TONTI BLVD
		CITY:			TONTITOWN
		STATE:			AR
		ZIP:			72770
		BUSINESS PHONE:		4793619111

	MAIL ADDRESS:	
		STREET 1:		297 WEST HENRI DE TONTI BLVD
		CITY:			TONTITOWN
		STATE:			AR
		ZIP:			72770
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ptsi20150812_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD><TITLE>ptsi20150812_8k.htm</TITLE>
<!-- Created by RDG HTML Converter -->
</HEAD>
<BODY style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; MARGIN-LEFT: 10px; MARGIN-RIGHT: 10px">
<P id=PARA1 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>UNITED STATES</B></FONT></P>
<P id=PARA2 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P id=PARA3 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Washington, D.C. 20549</FONT></P>
<P id=PARA4 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT></P>
<P id=PARA5 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>________________________________</B></FONT></P>
<P id=PARA6 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>FORM 8-K</B></FONT></P>
<P id=PARA7 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT></P>
<P id=PARA8 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>CURRENT REPORT</B></FONT></P>
<P id=PARA9 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</B></FONT></P>
<P id=PARA10 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT></P>
<P id=PARA11 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT></P>
<P id=PARA12 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>Date of report (Date of earliest event reported): </B><B><U>August 6, 2015</U></B></FONT></P>
<P id=PARA13 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>________________________________</B></FONT></P>
<P id=PARA14 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT></P>
<P id=PARA15 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT></P>
<P id=PARA16 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B><IMG style="HEIGHT: 63pt; WIDTH: 183pt" src="ptsi20150812_8kimg001.jpg"></B></FONT></P>
<P id=PARA17 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT></P>
<P id=PARA18 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B><U>P.A.M. TRANSPORTATION SERVICES, INC.</U></B></FONT></P>
<P id=PARA19 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(Exact name of registrant as specified in its charter)</FONT></P>
<P id=PARA20 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<TABLE id=TBL27  style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 88.4%; MARGIN-LEFT: 5.79%; MARGIN-RIGHT: 5.79%; TEXT-INDENT: 0px" cellSpacing=0 cellPadding=0 border=0>

<TR>
<TD style="WIDTH: 28%; VERTICAL-ALIGN: top">
<P id=PARA21 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><U>Delaware</U></FONT></P></TD>
<TD style="WIDTH: 8%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 28%; VERTICAL-ALIGN: top">
<P id=PARA22 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><U>0-15057</U></FONT></P></TD>
<TD style="WIDTH: 8%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 28%; VERTICAL-ALIGN: top">
<P id=PARA23 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><U>71-0633135</U></FONT></P></TD></TR>
<TR>
<TD style="WIDTH: 28%; VERTICAL-ALIGN: top">
<P id=PARA24 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(State or other jurisdiction of incorporation)</FONT></P></TD>
<TD style="WIDTH: 8%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 28%; VERTICAL-ALIGN: top">
<P id=PARA25 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(Commission File Number)</FONT></P></TD>
<TD style="WIDTH: 8%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 28%; VERTICAL-ALIGN: top">
<P id=PARA26 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(I.R.S. Employer Identification No.)</FONT></P></TD></TR></TABLE>
<P id=PARA28 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA29 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><U>297 West Henri De Tonti, Tontitown, Arkansas 72770</U></FONT></P>
<P id=PARA30 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(Address of principal executive offices) (Zip Code)</FONT></P>
<P id=PARA31 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA32 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Registrant&#8217;s telephone number, including area code: <U>(479) 361-9111</U></FONT></P>
<P id=PARA33 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<TABLE id=TBL36  style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 78.2%; MARGIN-LEFT: 10.3%; TEXT-INDENT: 0px" cellSpacing=0 cellPadding=0 border=0>

<TR>
<TD style="WIDTH: 11.8%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 76.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<P id=PARA34 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">N/A</FONT></P></TD>
<TD style="WIDTH: 11.8%; VERTICAL-ALIGN: top">&nbsp; </TD></TR>
<TR>
<TD style="WIDTH: 11.8%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 76.5%; VERTICAL-ALIGN: top">
<P id=PARA35 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(Former name or former address, if changed since last report)</FONT></P></TD>
<TD style="WIDTH: 11.8%; VERTICAL-ALIGN: top">&nbsp; </TD></TR></TABLE>
<P id=PARA37 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA38 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA39 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</FONT></P>
<P id=PARA40 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<TABLE id=TBL49  style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 99.9%; MARGIN-LEFT: 0%; TEXT-INDENT: 0px" cellSpacing=0 cellPadding=0 border=0>

<TR>
<TD style="MARGIN-BOTTOM: 0px; WIDTH: 3.3%; VERTICAL-ALIGN: top; MARGIN-TOP: 0px">
<P id=PARA41 style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&#9744;</FONT></P></TD>
<TD style="WIDTH: 97.7%; VERTICAL-ALIGN: top">
<P id=PARA42 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P></TD></TR>
<TR>
<TD style="WIDTH: 3.3%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 97.7%; VERTICAL-ALIGN: top">&nbsp; </TD></TR>
<TR>
<TD style="MARGIN-BOTTOM: 0px; WIDTH: 3.3%; VERTICAL-ALIGN: top; MARGIN-TOP: 0px">
<P id=PARA43 style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&#9744;</FONT></P></TD>
<TD style="WIDTH: 97.7%; VERTICAL-ALIGN: top">
<P id=PARA44 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P></TD></TR>
<TR>
<TD style="WIDTH: 3.3%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 97.7%; VERTICAL-ALIGN: top">&nbsp; </TD></TR>
<TR>
<TD style="MARGIN-BOTTOM: 0px; WIDTH: 3.3%; VERTICAL-ALIGN: top; MARGIN-TOP: 0px">
<P id=PARA45 style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&#9744;</FONT></P></TD>
<TD style="WIDTH: 97.7%; VERTICAL-ALIGN: top">
<P id=PARA46 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P></TD></TR>
<TR>
<TD style="WIDTH: 3.3%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 97.7%; VERTICAL-ALIGN: top">&nbsp; </TD></TR>
<TR>
<TD style="MARGIN-BOTTOM: 0px; WIDTH: 3.3%; VERTICAL-ALIGN: top; MARGIN-TOP: 0px">
<P id=PARA47 style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&#9744;</FONT></P></TD>
<TD style="WIDTH: 97.7%; VERTICAL-ALIGN: top">
<P id=PARA48 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P></TD></TR></TABLE>
<P id=PARA50 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>&nbsp;</B></FONT><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"></FONT></P>
<DIV id=PGBK52  style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<DIV id=PGFTR52  style="WIDTH: 100%; TEXT-ALIGN: center">&nbsp;</DIV>
<DIV id=PGNUM52  style="FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center">&nbsp;</DIV>
<HR style="HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000" noShade>

<DIV id=PGHDR52  style="WIDTH: 100%; TEXT-ALIGN: left">&nbsp;</DIV></DIV>
<P id=PARA52.2 style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"></FONT></P>
<TABLE id=TBL56  style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 99.9%; MARGIN-LEFT: 0.09%; TEXT-INDENT: 0px" cellSpacing=0 cellPadding=0 border=0>

<TR>
<TD style="WIDTH: 11%; VERTICAL-ALIGN: top">
<P id=PARA54 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>Item 5.02</B></FONT></P></TD>
<TD style="WIDTH: 89%; VERTICAL-ALIGN: top">
<P id=PARA55 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></FONT></P></TD></TR></TABLE>
<P id=PARA57 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA58 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">On August 6, 2015, the Board of Directors (the &#8220;Board&#8221;) of P.A.M. Transportation Services, Inc. (the &#8220;Company&#8221;) approved an increase in the base salary for Daniel H. Cushman, our President and Chief Executive Officer. Mr. Cushman&#8217;s new base salary is $500,000. </FONT></P>
<P id=PARA59 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA60 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">On August 6, 2015, the Board also approved a short-term cash incentive plan (the &#8220;Plan&#8221;) for the Company&#8217;s named executive officers and certain other employees providing for cash bonus awards to be determined based on the achievement of certain operating ratio and revenue growth performance targets as of the end of December 31, 2015. The amount of the bonus can vary from zero to 100% of base salary for our Chief Executive Officer, Daniel H. Cushman, and from zero to 60% of base salary for our Chief Financial Officer, Allen W. West. Under the Plan, if the Company&#8217;s revenue growth for 2015 is greater than 5.0% and the Company&#8217;s operating ratio for 2015 is less than 92%, Mr. Cushman will receive a bonus ranging from 60% to 90% of base salary and Mr. West will receive a bonus ranging from 20% to 50% of base salary. If the Company&#8217;s revenue growth for 2015 is greater 8.5% and the Company&#8217;s operating ratio for 2015 is less than 93%, Mr. Cushman will receive a bonus ranging from 60% to 100% of base salary and Mr. West will receive a bonus ranging from 20% to 60% of base salary. The bonus amounts increase incrementally based on each lower operating ratio percentage, assuming the revenue growth targets described above are met. The maximum bonus under the Plan is earned if the Company&#8217;s revenue growth for 2015 is greater than 8.5% and the Company&#8217;s operating ratio for 2015 is less than 89%. </FONT></P>
<P id=PARA61 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA62 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">For purposes of the Plan, the applicable base salary will be the officer&#8217;s base salary in effect as of December 31, 2015. Operating ratio will be determined by dividing the Company&#8217;s operating expenses for the year ended December 31, 2015, by the Company&#8217;s operating revenues for the year ended December 31, 2015, as each is determined in accordance with U.S. generally accepted accounting principles, except that both operating revenues and operating expenses will be reduced by the amount of fuel surcharge revenue. Operating expenses will also exclude the expense associated with this bonus. Revenue growth for 2015 will be determined based on modified 2014 revenue that will be normalized to account for a modification by the Company&#8217;s largest customer, General Motors, to its fuel surcharge program that went into effect in August 2014. Bonuses earned will be payable in five installments with 50% of the bonus amount payable in 2016 and the remaining amount to be payable in four equal annual installments. </FONT></P>
<P id=PARA63 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"></FONT></P>
<DIV id=PGBK65  style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<DIV id=PGFTR65  style="WIDTH: 100%; TEXT-ALIGN: center">&nbsp;</DIV>
<DIV id=PGNUM65  style="FONT-SIZE: 10pt; WIDTH: 100%; TEXT-ALIGN: center">&nbsp;</DIV>
<HR style="HEIGHT: 2px; WIDTH: 100%; PAGE-BREAK-AFTER: always; COLOR: #000000" noShade>

<DIV id=PGHDR65  style="WIDTH: 100%; TEXT-ALIGN: left">&nbsp;</DIV></DIV>
<P id=PARA65.2 style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT></P>
<P id=PARA66 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>SIGNATURES</B></FONT></P>
<P id=PARA67 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA68 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
<P id=PARA69 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<TABLE id=TBL78  style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 99.9%; TEXT-INDENT: 0px" cellSpacing=0 cellPadding=0 border=0>

<TR>
<TD style="WIDTH: 43.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 5.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 50.5%; VERTICAL-ALIGN: top">
<P id=PARA70 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><U>P.A.M. TRANSPORTATION SERVICES, INC.</U></FONT></P></TD></TR>
<TR>
<TD style="WIDTH: 43.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 5.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="MARGIN-BOTTOM: 0px; WIDTH: 50.5%; VERTICAL-ALIGN: top; MARGIN-TOP: 0px">
<P id=PARA71 style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)</FONT></P></TD></TR>
<TR>
<TD style="WIDTH: 43.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 5.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 50.5%; VERTICAL-ALIGN: top">&nbsp; </TD></TR>
<TR>
<TD style="WIDTH: 43.7%; VERTICAL-ALIGN: top">
<P id=PARA72 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Date: August 11, 2015</FONT></P></TD>
<TD style="WIDTH: 5.7%; VERTICAL-ALIGN: top">
<P id=PARA73 style="TEXT-ALIGN: right; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">By:&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P></TD>
<TD style="WIDTH: 50.5%; VERTICAL-ALIGN: top">
<P id=PARA74 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><U>/s/ Allen W. West</U></FONT></P></TD></TR>
<TR>
<TD style="WIDTH: 43.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 5.7%; VERTICAL-ALIGN: top">&nbsp; </TD>
<TD style="WIDTH: 50.5%; VERTICAL-ALIGN: top">
<P id=PARA75 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Allen W. West</FONT></P>
<P id=PARA76 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Vice President of Finance, Chief Financial Officer, </FONT></P>
<P id=PARA77 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Secretary and Treasurer</FONT></P></TD></TR></TABLE>
<P id=PARA80 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA79 style="TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA81 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P></BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>ptsi20150812_8kimg001.jpg
<TEXT>
begin 644 ptsi20150812_8kimg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  4$! 0$ P4$! 0&!04&" T(" <'
M"! +# D-$Q 4$Q(0$A(4%QT9%!8<%A(2&B,:'!X?(2$A%!DD)R0@)AT@(2#_
MVP!# 04&!@@'" \(" \@%1(5(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @("#_P  1" !4 /0# 2(  A$! Q$!_\0
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MX:%\1?\ 1.$/TUF+_"C_ (:$\1_]$US]-6C/_LM?.'_"7>*O^?S3/_!+9_\
MQJC_ (2WQ3_S^:7_ ."6S_\ C5'UZGV8?ZIXW^:/WO\ R/H__AH3Q)_T3-C]
M-40_^RT?\-">)O\ HF$OX:DI_P#9*^;_ /A+?%/_ #^:7_X);/\ ^-4O_"6^
M*?\ G\TO_P $MG_\:H^O4^S#_5/&_P T?O?^1]'_ /#0GB;_ *)=/^%^/_B*
M3_AH3Q/_ -$LNOPO?_M=?./_  EOBG_G\TO_ ,$MG_\ &J/^$N\5?\_NF?\
M@EL__C5'UZGV8?ZIXW^:/WO_ "/H[_AH7Q-_T2N[_P# L_\ QND_X:&\3?\
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M1JWAV_E\8^)[5K*\>$P6=G)_K(U;&YW'8G  '4#.:XJ51U*EE!6]#ZS,<'#
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MBV>G(_WEMH^$)_VF.Z1O]IS7/5ZU_P (_P#"C_GI=_\ @UD_^0J/^$?^%/\
MSUN?_!O)_P#(5(JXSX8?&[4?A7H=WIVC>%M-O9KV;SKB[N)9!))@85<#@*HS
MCW)/>N]_X;"\8?\ 0G:-_P!_Y:X7_A'OA7_STN/_  <2?_(5'_"._"S_ )Z3
M_P#@ZD_^0J T,;XH_%GQ!\5=2T^ZUBUM["WT^-DAM+9F9 S'+2'=_$0%'L![
MFO/J];_X1WX6Y_UDW_@[?_Y"IZ^&OA4W6:8?]QMO_D.@+GD-%>RIX2^%;?\
M+Q-_X/#_ /(E6%\$_"QO^7B?_P 'G_W)0%SQ*N_^%_Q.N?A;JU]JVG>';'5+
M^ZB$"S7<CJ8(\Y95"_WCMR?]D5VB^ ?A:W_+Q<?^#P?_ "+4Z_#GX7M_R\W/
M_@\7_P"1:871M?\ #87C#_H3M&_[_P M<)\3OCQXH^*'A^UT*_TVSTJQAG%Q
M(EH[-Y[ ?*&W=ADG'KCTKIU^&7PO;_EYNO\ P>+_ /(U3+\*_A@W_+S>?^#M
M/_D>BPKH^>:,X(()!'((X(KZ-7X2?#%O^7J]_P#!U'_\CU,OP=^&+?\ +U?_
M /@ZC_\ C%%AW1R_A7]ISXG>&[.*RO)[/Q#;1+M4ZC&?. _ZZ(03]6!-=Y;_
M +8^I*@^U^ +9V[F+464?K&:HK\%OABW_+WJ'_@YB_\ C%3+\#_ABW_+YJ7_
M (.(?_C-%A71:F_;(OBO^C_#^%6]9-2)'Z1US>J_M;_$.\B:/2]&T72\])-D
MD[C\V _2NA7X$?#%O^7S4_\ P;P__&:F7X _#)O^7[5?_!M#_P#&J+!H?/?B
MSXA^-O'#Y\4^)+O48MVY;8L(X%/M&H"_CC-+X!\8MX"\96WBB'1;75[JU1A;
MQW;LJ1.PQYGR]2!D#TSGJ!7T2O[//PS;_F(ZN/IJ<'_QJIE_9P^&K=-4UH?3
M48/_ (U2'='-_P##87C#_H3M&_[_ ,M<WXY_:6\7^./!E]X7DT:PTFWO@$GF
MM9':1H\Y9.>@;&#[9'>O3X_V:?AJ>NJ:V?\ N(0?_&ZOV_[-7PI0@RR:Q/[/
MJB ?^.H*!71\8UV_P\^%_B;XD:HL6E6[6VE(W^E:K,A\F!>^W^^_HH_' YK[
M'T+X'_"/2IDEM?!]M?2H<AKV66[_ /'6)7]*ZKQ)X]\!> -*5=>U2QTN.!,0
MV4>/-/\ LI"G/Z 4#N8NA>![/0]#L/#.@VQM[:WB,4>_ED5CF25SW=SR3^ X
MQ7IMC8P:=I\-E:KMBA7:H]??ZFO@+XM_'#6/B)>_8-'6XT7P[#)OC@63;-<L
M.DDK*?R0' [Y/3>_9H\&ZCXP^(Q\0:E>7DNC^']LS*\[E9KD_P"K3&>0.7/T
M7UIBL?<]%+12$%%%% &;J>@:'K31-K&BV.HM%D1FZMTEV9ZXW XS@?E6?_P@
MO@G_ *$_1/\ P7Q?_$UT7%'% '._\(+X)_Z$_1/_  7Q?_$T?\(-X)S_ ,B?
MHG_@OB_^)KHN*.* .>_X0?P5_P!"?HO_ (+XO_B:/^$'\%?]"?HO_@OB_P#B
M:Z'BCB@#GO\ A!_!7_0GZ+_X+XO_ (FC_A!_!?\ T)^B_P#@OB_^)KH>*.*
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9C_GE"J_R%7:** "BBB@ HHHH **** /_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
