P.A.M. Transportation Services, Inc. Announces Stock Repurchase Authorization
May 02 2017 - 2:23PM
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) announced today
that on April 26, 2017, its Board of Directors reauthorized the
Company’s stock repurchase program under which the Company can
repurchase up to 500,000 shares of its common stock from time to
time through the open market in accordance with Rule 10b-18 under
the Securities Exchange Act of 1934 or in privately negotiated
transactions. The stock repurchase program was last approved by the
Board on May 29, 2014 and this reauthorization resets the
repurchase program to 500,000 shares. Prior to this
reauthorization, 269,559 shares were available for purchase under
the repurchase program.
P.A.M. Transportation Services, Inc. is a
leading truckload dry van carrier transporting general commodities
throughout the continental United States, as well as in the
Canadian provinces of Ontario and Quebec. The Company also provides
transportation services in Mexico through its gateways in Laredo
and El Paso, Texas under agreements with Mexican carriers.
P.A.M. TRANSPORTATION SERVICES, INC.
P.O. BOX 188
Tontitown, AR 72770
Allen W. West
(479) 361-9111
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