CVLG

• The dividend is payable to stockholders of record on September 4, 2026, with payment expected on September 25, 2026.
• The dividend is part of a previously approved quarterly cash dividend program.
• The company filed this 8-K under Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits), attaching a press release dated August 17, 2026 as Exhibit 99.1.
• Future dividend declarations remain subject to board approval and various risks and uncertainties.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• Executives giving at least 18 months' written notice of retirement or voluntary separation will receive 6 months of salary continuation and 6 months of COBRA reimbursement.
• Benefits are subject to employment, release, and other customary provisions, including a non-compete through 12 months post-separation.
• Previously, the severance agreements provided no benefits for retirement or voluntary separation.
• Change-in-control and qualifying severance event benefits remain unchanged.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Net income was $8.5 million ($0.32 per diluted share), down from $9.8 million ($0.36) a year ago.
• Adjusted net income was $11.2 million ($0.42 per diluted share), down from $12.4 million ($0.45).
• Combined Truckload freight revenue per tractor per week rose 5.9% on a 15.1% increase in revenue per total mile, offset by an 8.0% drop in miles per unit.
• Net indebtedness fell to $289.7 million at June 30, 2026, from $296.6 million at year-end 2025; net capital expenditures for 2026 are expected to be $50-$60 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The amendment adds certain acquired subsidiaries as borrowers under the credit agreement.
• The maximum revolver amount was increased to $130,000,000.
• The maturity date of the credit agreement was extended to June 17, 2031.
• The amendment provides additional flexibility for the company to incur unsecured debt.

1.01 Entry into a Material Definitive Agreement

• New annualized base salaries effective July 6, 2026: James 'Tripp' Grant and Dustin Koehl at $455,000, Joey Ballard at $400,000.
• Severance agreements amended for Grant and Ballard to align with Koehl's terms, including 24 months salary continuation and COBRA reimbursement on qualifying severance.
• Stockholders elected nine directors, approved executive compensation (25,600,194 for), and ratified Grant Thornton LLP as auditor.
• Board declared quarterly cash dividend of $0.07 per share, payable June 26, 2026 to stockholders of record June 5, 2026.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Diluted EPS was $0.17, down from $0.24 in the prior year quarter; adjusted diluted EPS was $0.26.
• Operating income fell to $6.3 million from $7.6 million, with operating ratio worsening to 98.0% from 97.2%.
• Results were hurt by severe weather shutdowns and fuel cost headwinds in January and February, but March showed improving volumes and rates.
• Company expects gradual improvement starting in Q2, with 2026 net capital expenditures guidance unchanged at $40-$50 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The dividend is payable to stockholders of record on March 6, 2026, with payment expected on March 27, 2026.
• The dividend is part of a previously approved quarterly cash dividend program.
• The press release announcing the dividend was attached as Exhibit 99.1 to the Form 8-K filed February 10, 2026.
• Future dividend declarations remain subject to board approval and various risks and uncertainties.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• David Parker, Chairman and CEO of Covenant Logistics Group, and his wife Jacqueline Parker informed the company of their intent to dispose of shares of Class A common stock.
• The shares will be sold through open market and charitable gift transactions.
• The Parkers have not adopted a Rule 10b5-1 plan for the sales.
• The disclosure was made under Item 8.01 (Other Events) on Form 8-K filed February 9, 2026.

8.01 Other Events