Herbert J. Schmidt serves as Director of the Company. He has served as a director since 2017 and currently as Chair of our Compensation Committee and as a member of our Audit Committee. Mr. Welborn has been Chairman of SmartFinancial, Inc. (NASDAQ: SMBK), a publicly traded holding company of SmartBank with over $2.7 billion in assets since 2015. From 2009 to 2015 Mr. Welborn served as Chairman of Cornerstone Bancshares, Inc., which was the publicly traded parent company of Cornerstone Community Bank prior to the bank’s merger with SmartBank in 2015, where he served on the Asset-Liability (ALCO), Loan, Governance, Nominating, Audit, and Compensation Committees. Mr. Welborn has also served as President of Welborn & Associates, Inc., a consulting firm specializing in transportation logistics, since 2000. He previously served as managing partner of Transport Capital Partners, LLC, another transportation advisory and consulting firm that he cofounded, from 2001 to 2014. Prior to cofounding Transport Capital Partners, LLC, Mr. Welborn served in several executive and ownership capacities of various trucking companies, including as President, CEO, and a director of Boyd Bros Transportation, President and Chairman of Welborn Transport, Inc., a company he cofounded, and President of Cummings Trucking Co., Inc. From 2010 to 2015 Mr. Welborn served as a partner of Lamp Post Group, Inc., a venture capital company with a portfolio of investments ranging from start-up level to over $600 million in annual revenue. Mr. Welborn currently serves on multiple non-profit boards. The Board believes that Mr. Welborn’s over three decades of business experience, including experience in transportation consulting, executive roles at trucking companies, and serving on the boards of publicly traded companies, provides us with invaluable perspective and experience.
As the Director of Covenant Transportation, the total compensation of Herbert Schmidt at Covenant Transportation is $167,001. There are 5 executives at Covenant Transportation getting paid more, with T. Ryan Rogers having the highest compensation of $988,670.
Herbert Schmidt is 64, he's been the Director of Covenant Transportation since 2017. There are 1 older and 12 younger executives at Covenant Transportation. The oldest executive at Covenant Transportation Group, Inc. is Robert Bosworth, 72, who is the Lead Independent Director.
Herbert's mailing address filed with the SEC is 602 S Joplin Ave, Joplin, MO 64801, USA.
Over the last 22 years, insiders at Covenant Transportation have traded over $27,386,625 worth of Covenant Transportation stock and bought 108,492 units worth $1,305,606 . The most active insiders traders include Jr Hugh O Maclellan, David Rayparker Jacqueline ... oraz Wesley Miller Welborn. On average, Covenant Transportation executives and independent directors trade stock every 50 days with the average trade being worth of $3,672,852. The most recent stock trade was executed by Paul Bunn on 30 October 2020, trading 2,500 units of CVTI stock currently worth $33,575.
Covenant Transportation Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services ("Expedited") and Over-the-Road Services ("OTR"), both of which transport one-way freight over nonroutine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.
Covenant Transportation executives and other stock owners filed with the SEC include: