Business Context and Reporting Period
Company: Covenant Transport, Inc. (Nasdaq: CVTI)
Filing Type: Form 8-K (Current Report)
Date of Report: September 19, 2003
Principal Office: Chattanooga, TN
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. Item 12 (Results of Operations and Financial Condition) is marked as "Not applicable."
Material Changes
No material changes regarding control, asset acquisition/disposition, bankruptcy, or accounting changes were reported. The filing focuses exclusively on a temporary administrative change to the company's employee benefit plan.
Outlook, Risks, and Unusual Items
Temporary Suspension of Trading (Blackout Period)
- Event: A temporary suspension of trading (blackout period) for the Covenant Transport, Inc. Profit Sharing & 401(k) Plan.
- Reason: Replacement of the Janus Advisor Mid-Cap Growth Fund with the Federated Kaufman Fund as an investment option.
- Effective Dates: October 21, 2003, through October 23, 2003.
- Restrictions:
- Plan participants cannot direct, diversify, allocate, change, exchange, or distribute investments.
- Directors and executive officers are restricted from purchasing, selling, or transferring shares of Class A common stock (CVTI).
Key Facts for Investor Verification
- Verify the specific dates of the trading blackout (October 21–23, 2003) to ensure compliance with insider trading restrictions.
- Confirm the fund switch details (Janus Advisor Mid-Cap Growth Fund to Federated Kaufman Fund) for 401(k) participants.
- Note that this filing contains no operational or financial performance updates for the period.