Item 2.02 Results of Operations and Financial Condition.
OnJanuary 25, 2021 ,Covenant Logistics Group, Inc. , aNevada corporation (the "Company"), issued a press release announcing its financial and operating results for the quarter and year endedDecember 31, 2020 . A copy of the press release is attached to this report as Exhibit 99.1.
Item 7.01 Regulation FD Disclosure.
OnJanuary 25, 2021 , the Company announced that the Board of Directors (the "Board") of the Company approved a stock repurchase program authorizing the purchase of up to$40 million of the Company's Class A common stock from time-to-time based upon market conditions and other factors. The stock may be repurchased on the open market or in privately negotiated transactions. The repurchased shares will be held as treasury stock and may be used for general corporate purposes as the Board may determine. The Company did not place a limit on the duration of the repurchase program. The stock repurchase program does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the program at any time without prior notice.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. EXHIBIT NUMBER EXHIBIT DESCRIPTION 99.1Covenant Logistics Group, Inc. press release announcing its financial and operating results for the quarter and year endedDecember 31, 2020 . 104 Inline XBRL for the cover page of this Current Report on Form 8-K. The information contained in Items 2.02, 7.01, and 9.01 of this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information in Items 2.02, 7.01, and 9.01 of this report and the exhibit hereto may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results or events may differ from those anticipated by forward-looking statements. Please refer to the italicized paragraph at the end of the attached press release and various disclosures by the Company in its press releases, stockholder reports, and filings with theSecurities and Exchange Commission for information concerning risks, uncertainties, and other factors that may affect future results.
--------------------------------------------------------------------------------
© Edgar Online, source