The board of directors for Marten Transport Ltd, the Mondovi WI-based temperature-controlled truckload carrier, has declared a three-for-two stock split of the companyÕs common stock. This stock split will be effected in the form of a stock dividend distributed Dec 5, 2003, to stockholders of record as of Nov 21, 2003. Holders of the companyÕs common stock will receive an additional one-half share for each outstanding share of common stock held as of the record date. The stock split will increase the number of outstanding shares of common stock from 9,134,223 to about 13,701,334.
Marten previously effected a three-for-two stock split July 24, 2003. The company completed a public offering in its third quarter of 2.7 million shares of its common stock at $20.50 per share.