Welcome to our dedicated page for Marten Trans SEC filings (Ticker: MRTN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Marten Transport, Ltd. (NASDAQ: MRTN) SEC filings page provides access to the company’s official reports and disclosures filed with the U.S. Securities and Exchange Commission. Marten Transport is a Mondovi, Wisconsin-based carrier focused on time- and temperature-sensitive and dry truck-based transportation and distribution, and its filings give detailed insight into how this multifaceted business operates and reports its results.
Through this page, readers can review annual reports on Form 10-K and quarterly reports on Form 10-Q, which include segment information for Truckload, Dedicated, Intermodal and Brokerage operations, along with discussions of operating revenue, fuel surcharge revenue, operating expenses and operating ratios. These filings also describe non-GAAP measures such as operating revenue net of fuel surcharge revenue and operating expenses as a percentage of operating revenue, both with and without fuel surcharges, as referenced in Marten’s 8-K filings.
Marten Transport’s current reports on Form 8-K document material events such as quarterly earnings announcements, investor presentations, leadership transitions at the chief executive level and the sale of assets related to its intermodal business. Certain 8-K filings also attach investor presentation slides and press releases, which expand on the company’s financial condition, freight market commentary and strategic focus.
On this page, users can also locate information that would appear in proxy materials and executive compensation disclosures when filed, as well as any Form 4 insider transaction reports associated with Marten Transport insiders, if available. Stock Titan’s tools apply AI-powered summaries to lengthy filings so that key points in MRTN’s 10-K, 10-Q and 8-K documents can be understood more quickly, while still allowing direct access to the full text for detailed review.
Nuance Investments LLC has filed an amended Schedule 13G reporting a significant passive ownership position in Marten Transport Ltd. common stock. As of the event date of 12/31/2025, Nuance reports sole voting power over 6,267,339 shares, representing 7.69% of the common stock class, with no shared voting power and no sole or shared dispositive power over the shares.
The filer identifies itself as an investment adviser organized in Kansas and certifies that the securities were acquired and are held in the ordinary course of business. Nuance also certifies that the holdings were not acquired and are not held for the purpose of changing or influencing control of Marten Transport, and are not part of any control-related transaction, other than activities solely in connection with a nomination under the specified proxy rule.
Dimensional Fund Advisors LP filed an amended Schedule 13G reporting a passive ownership stake in Marten Transport Ltd common stock. As of the event date, Dimensional was deemed to beneficially own 4,855,737 shares, representing 6.0% of the outstanding common stock.
The firm had sole power to vote 4,737,681 shares and sole power to dispose of 4,855,737 shares, with no shared voting or dispositive power. The shares are owned by various funds and accounts it advises, and Dimensional disclaims beneficial ownership beyond Section 13(d) reporting. Dimensional certifies that the holdings are in the ordinary course of business and not for the purpose of influencing control of Marten Transport.
Marten Transport (MRTN) filed its Q3 2025 report, showing softer results and a portfolio shift. Q3 operating revenue was $220.5 million versus $237.4 million a year ago, with net income of $2.2 million, or $0.03 per diluted share. The consolidated operating ratio was 98.8%.
For the first nine months, operating revenue was $673.5 million and net income was $13.7 million, or $0.17 per diluted share. On September 30, Marten closed the sale of its Intermodal business assets to Hub Group for $51.8 million in cash; $5.0 million is held in escrow through December 2026. The quarter’s segment mix showed Truckload at a loss, Dedicated profitable with a 94.9% operating ratio, Brokerage profitable, and Intermodal at a reduced loss.
Marten ended the period with $54.5 million in cash and escrow, $768.2 million of stockholders’ equity, and no long‑term debt. Operating cash flow for the first nine months was $87.9 million, funding $32.4 million of net revenue equipment purchases and quarterly dividends of $0.06 per share.
Marten Transport (MRTN) furnished an 8-K announcing financial results for the quarter ended September 30, 2025. The company attached a press release as Exhibit 99.1 and investor presentation slides as Exhibit 99.2. The results and materials are presented under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD).
The press release discusses operating revenue, net of fuel surcharge revenue, and operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharge revenue. These are non-GAAP measures, and the company provided reconciliations to the most directly comparable GAAP measures pursuant to Regulation G. The information in this report and the exhibits is being furnished, not filed, and is not incorporated by reference except as specifically stated.
Marten Transport, Ltd. announced that Chief Executive Officer Timothy M. Kohl retired as of the close of business on September 30, 2025 and executed a Separation Agreement and Release of Claims on that date. Under the agreement, and contingent on execution and non-revocation, the company will pay Mr. Kohl a one-time severance lump sum of $620,000.00, less required deductions, and will pay premiums for COBRA health coverage for up to 3 months following his retirement date. The Separation Agreement includes a release of claims by Mr. Kohl and his commitments on cooperation, non-disparagement, confidentiality, and non-solicitation. The full Separation Agreement is filed as Exhibit 10.1 to the report.
Marten Randolph L., Executive Chairman, Director and 10% owner of Marten Transport Ltd (MRTN), reported a transaction dated 08/19/2025 on Form 4. The filing shows a disposition of 1,500 common shares (code G) at a reported price of $0, leaving 17,736,457 shares beneficially owned following the transaction. The beneficial ownership total explicitly includes a set of performance unit awards that vest in tranches: 13,515 shares vesting 2025–2029; 8,144 shares vesting 2025–2028; 5,259 shares vesting 2025–2027; 4,182 shares vesting 2025–2026; and 2,400 shares vesting on 12/31/2025. The form is signed by attorney-in-fact James J. Hinnendael on 08/19/2025.
Marten Transport announced a planned CEO transition. Timothy M. Kohl will retire as Chief Executive Officer at the close of business on September 30, 2025. Randolph L. Marten will become Chairman of the Board and Chief Executive Officer effective October 1, 2025. Mr. Marten, age 72, has been a full-time employee since 1974, a Director since October 1980, and previously served in multiple senior roles including Executive Chairman since May 2021, CEO from January 2005 to May 2021, President from June 1986 to June 2008, and COO from June 1986 to August 1998.
The filing states there is no arrangement or understanding with any other person regarding Mr. Marten’s appointment and no family relationships or related-party transactions to disclose. As of the filing date, no new material compensatory plan, contract, amendment, grant or award has been entered into in connection with the appointment; previously reported arrangements remain in effect. The company furnished a press release as Exhibit 99.1 under Regulation FD.
What happened: Victory Capital Management, Inc. says it owns 3,184,814 shares of Marten Transport common stock, equal to 3.91% of the class. The filing shows Victory Capital has sole voting power for 3,168,239 shares and sole dispositive power for 3,184,814 shares. The firm classifies itself as an investment adviser and states these holdings are held in the ordinary course of business and not to change or influence control of the company.
Why it matters: This is a routine disclosure that shows an institutional investor holds a modest, sub-5% stake with full voting and disposal authority over those shares. For most investors, this is informational rather than a sign of an impending control change or activist action.
Marten Transport (MRTN) posted softer results for Q2 2025. Operating revenue fell 6.6 % YoY to $229.9 m, while operating income slipped 2.4 % to $9.7 m. Net income declined to $7.2 m ($0.09/sh) from $7.9 m ($0.10/sh) as a weaker freight market compressed volumes and fuel‐surcharge revenue.
First-half trends are more pronounced. Six-month revenue dropped 8.6 % to $453.1 m and net income contracted 34 % to $11.5 m ($0.14/sh). Dedicated (-13 % revenue) and Intermodal (-23 %) segments drove the slide; Intermodal posted a $1.6 m operating loss and a 106.7 % operating ratio. Truckload margin improved slightly on higher gain on equipment sales, but insurance & claims costs rose 20.7 %.
Balance sheet remains debt-free. Cash rose to $35.1 m from $17.3 m; equity stands at $770.7 m and the $30 m revolver is undrawn. Capex commitments for the remainder of 2025 are $64.3 m; management targets about $65 m net capex. Quarterly dividends were maintained at $0.06/sh ($9.8 m paid YTD).
Strategic move. On 22 Jul 2025 MRTN agreed to sell Intermodal assets (≈1,200 refrigerated containers and related contracts) to Hub Group for $51.8 m cash, expected to close in Q3. Management does not expect a material earnings impact, but the deal will inject liquidity and remove a loss-making unit.
Key takeaways: revenue softness and rising claim costs pressure earnings, yet a strong, debt-free balance sheet and imminent Intermodal divestiture provide financial flexibility.