Hauler's CEO paid
$2.5M, proxy states
Daniel Cushman, the chief executive officer of P.A.M. Transportation Services Inc., earned $2.5 million in total compensation in 2017, according to a proxy statement filed with the U.S. Securities and Exchange Commission.
Cushman received a base salary of $565,448, a $240,000 bonus, $13,706 in other compensation and more than $1.6 million in stock options, according to the statement. The total compensation was an increase from $867,821 in 2016, when Cushman was paid about $1.5 million less in stock options.
Chief Financial Officer Allen West earned $571,120 in compensation in 2017, which included a bonus of $250,013. It was an increase from $300,099 a year ago.
The Tontitown-based company will hold its annual shareholders meeting on April 25. The meeting will be held in Warren, Mich., which is where holding companies operated by P.A.M. Chairman Matthew Moroun and his father, P.A.M. board member Manuel Moroun, are based.
-- Robbie Neiswanger
Everett group buys
Landers Chevrolet
Everett Automotive Group said Tuesday that it has acquired Landers Chevrolet in Benton from the Penske Automotive Group.
The dealership will operate as Everett Chevrolet.
The purchase comes about three weeks after Dwight Everett, owner of Everett Automotive Group, sold his three dealerships in Northwest Arkansas -- a Buick GMC store in Bentonville, and a Chevrolet operation and a Dodge, Jeep, Ram and Fiat dealership, both in Springdale. He also sold a Springdale collision repair center.
He sold the Northwest Arkansas operations to an investment group that includes Mark McLarty, Johnelle Hunt, the billionaire co-founder of J.B. Hunt Transport Services, and Jerry Jones, billionaire owner of the Dallas Cowboys.
The Everett group operates five dealerships -- Everett Buick GMC in Bryant; Infiniti of Central Arkansas in Benton; Everett Chevrolet in Benton; and Toyota dealerships in Paris, Texas, and Mount Pleasant, Texas.
-- David Smith
Arkansas Index falls
1.57, closes at 417.05
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 1.57 to 417.05 Tuesday.
"Oil prices hit a three-week high helping lift equity markets worldwide as investors jockey ahead of a meeting of Federal Reserve policymakers" this week, said Chris Harkins, managing director with Raymond James & Associates in Little Rock.
Total volume for the index was 19.8 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 03/21/2018