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    <div style="text-align: center; line-height: 1.00; font-size: 18pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; line-height: 1.00; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 1.00; font-size: 12pt;">Washington, D.C.&#160;20549</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="text-align: center; line-height: 1.00; font-weight: bold;">___________________________________________________________________</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="text-align: center; line-height: 1.00; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="text-align: center; line-height: 1.00; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; line-height: 1.00; font-size: 12pt; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="text-align: center; line-height: 1.00; font-size: 12pt;">Date of Report (Date of earliest event reported):</div>
    <div style="text-align: center; line-height: 1.00; font-size: 12pt;">May 22, 2020</div>
    <div style="text-align: center; line-height: 1.00; font-weight: bold;">___________________________________________________________________</div>
    <div style="text-align: center; line-height: 1.00;">
      <div><br>
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      <img src="cvtilogo.jpg"></div>
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      <div>
        <div style="text-align: center; font-size: 18pt; font-weight: bold;">COVENANT TRANSPORTATION GROUP, INC.</div>
        <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
        <div><br>
        </div>
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              <td style="width: 35.67%; vertical-align: bottom;">
                <div style="text-align: center;">Nevada</div>
              </td>
              <td style="width: 28.66%; vertical-align: bottom;">
                <div style="text-align: center;">000-24960</div>
              </td>
              <td style="width: 35.67%; vertical-align: bottom;">
                <div style="text-align: center;">88-0320154</div>
              </td>
            </tr>
            <tr>
              <td style="width: 35.67%; vertical-align: bottom;">
                <div style="text-align: center;">(State or other jurisdiction</div>
                <div style="text-align: center;">of incorporation)</div>
              </td>
              <td style="width: 28.66%; vertical-align: bottom;">
                <div style="text-align: center;">(Commission</div>
                <div style="text-align: center;">File Number)</div>
              </td>
              <td style="width: 35.67%; vertical-align: bottom;">
                <div style="text-align: center;">(IRS Employer</div>
                <div style="text-align: center;">&#160;&#160;Identification No.)</div>
              </td>
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              <td style="width: 51.9%; vertical-align: bottom;">
                <div style="text-align: center;">400 Birmingham Hwy., Chattanooga, TN</div>
              </td>
              <td style="width: 48.1%; vertical-align: bottom;">
                <div style="text-align: center;">37419</div>
              </td>
            </tr>
            <tr>
              <td style="width: 51.9%; vertical-align: bottom;">
                <div style="text-align: center;">(Address of principal executive offices)</div>
              </td>
              <td style="width: 48.1%; vertical-align: bottom;">
                <div style="text-align: center;">(Zip Code)</div>
              </td>
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        <div><br>
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      <div>
        <div style="text-align: center; line-height: 1.00;">(423) 821-1212</div>
        <div style="text-align: center; line-height: 1.00;">(Registrant's telephone number, including area code)</div>
        <div style="line-height: 1.00;"><br style="line-height: 1.00;">
        </div>
        <div style="line-height: 1.00;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
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            <div style="line-height: 1.00;"> <br>
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                      <div style="text-align: center; line-height: 1;">[&#160;&#160;&#160;]</div>
                    </td>
                    <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
                    </td>
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                    <td style="WIDTH: 10.32%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">&#160;</div>
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                    <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">&#160;</div>
                    </td>
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                      <div style="text-align: center; line-height: 1;">[&#160;&#160;&#160;]</div>
                    </td>
                    <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
                    </td>
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                      <div style="text-align: left; line-height: 1;">&#160;</div>
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                    <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">&#160;</div>
                    </td>
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                    <td style="WIDTH: 10.32%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: center; line-height: 1;">[&#160;&#160;&#160;]</div>
                    </td>
                    <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
                    </td>
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                    <td style="WIDTH: 10.32%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">&#160;</div>
                    </td>
                    <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">&#160;</div>
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                    <td style="WIDTH: 10.32%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: center; line-height: 1;">[&#160;&#160;&#160;]</div>
                    </td>
                    <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                      <div style="text-align: left; line-height: 1;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
                    </td>
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            <div>&#160;</div>
            <div>
              <div>Securities registered pursuant to Section 12(b) of the Act:</div>
              <div>&#160;</div>
              <div>
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                        <div style="TEXT-ALIGN: center">Title of each class</div>
                      </td>
                      <td style="BORDER-TOP: #000000 1px solid; WIDTH: 33.33%; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 1px solid">Trading Symbol(s)</td>
                      <td style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; WIDTH: 33.33%; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 1px solid">Name of each exchange on which registered</td>
                    </tr>
                    <tr>
                      <td style="WIDTH: 33.33%; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 1px solid">$0.01 Par Value Class A common stock</td>
                      <td style="WIDTH: 33.33%; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 1px solid">CVTI</td>
                      <td style="BORDER-RIGHT: #000000 1px solid; WIDTH: 33.33%; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 1px solid">The NASDAQ Global Select Market</td>
                    </tr>

                </table>
              </div>
              <div>&#160;</div>
              <div>Indicate by check mark whether that registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this
                chapter).</div>
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                      <td style="WIDTH: 10.32%; VERTICAL-ALIGN: bottom">&#160;</td>
                      <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">&#160;</td>
                    </tr>
                    <tr style="HEIGHT: 13px">
                      <td style="WIDTH: 10.32%; VERTICAL-ALIGN: top">&#160;</td>
                      <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">
                        <div style="text-align: right; line-height: 1; text-indent: 332.8pt;">Emerging growth company&#160; [&#160;&#160;&#160;]</div>
                      </td>
                    </tr>
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                      <td style="WIDTH: 10.32%; VERTICAL-ALIGN: bottom">&#160;</td>
                      <td style="WIDTH: 89.68%; VERTICAL-ALIGN: bottom">&#160;</td>
                    </tr>
                    <tr>
                      <td style="WIDTH: 100%; VERTICAL-ALIGN: top" colspan="2">
                        <div style="text-align: justify; line-height: 1;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
                          accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;&#160; [&#160;&#160;&#160;]</div>
                      </td>
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          <td style="width: 10.32%; vertical-align: top;">
            <div style="line-height: 1.00; font-weight: bold;">Item 5.02</div>
          </td>
          <td style="width: 86.85%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.00; font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</div>
            <div style="text-align: justify; line-height: 1.00; font-weight: bold;"> <br>
            </div>
          </td>
          <td style="width: 2.83%; vertical-align: top;">&#160;</td>
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          <td style="width: 10.32%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 86.85%; vertical-align: top; text-align: justify;" rowspan="1"><font style="background-color: rgb(255, 255, 255);">On May 22, 2020, the Compensation Committee of the Board of Directors (the &#8220;Compensation Committee&#8221;) of Covenant
              Transportation Group, Inc., a Nevada corporation (the &#8220;Company&#8221;), approved performance-based bonus opportunities for the Company's senior executive officers, including the Company&#8217;s named executive officers (the &#8220;2020 Bonus Program&#8221;).&#160; In
              designing the 2020 Bonus Program, the Compensation Committee considered, among other things, the recent realignment of our executive team, our redesigned organizational structure, and the acceleration of the implementation of our strategic
              plan. Such recent events informed the Compensation Committee as they set goals under the 2020 Bonus Program related to (i) safety, (ii) strategic planning, (iii) accountability, (iv) leverage, and (v) cost reductions (collectively, the &#8220;2020
              Performance Goals&#8221;). When establishing the 2020 Performance Goals and determining the potential cash payouts under the 2020 Bonus Program, the Compensation Committee also reviewed: (i) the impact of COVID-19, (ii) the magnitude of each
              participant&#8217;s ability to impact corporate performance based on the executive's responsibilities at the time the targets were set, (iii) the composition of each participant&#8217;s total compensation package, (iv) our financial goals, and (v)
              information provided by Willis Towers Watson, our independent compensation consultant. The Compensation Committee set new annual bonus targets, expressed as a percentage of year-end annualized base salary, for each of our named executive
              officers and Mr. Bunn as follows, provided that the 2020 Bonus Program would be calculated based on 50% of such targets given the continuing effects of COVID-19:</font></td>
          <td style="width: 2.83%; vertical-align: top;" rowspan="1">&#160;</td>
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    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
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          <td style="width: 42%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="line-height: 1; font-weight: bold;">Name</div>
          </td>
          <td style="width: 6.52%; vertical-align: top; padding-bottom: 1px;">&#160;</td>
          <td style="width: 22%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.00; font-weight: bold;">Target<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-indent: -6.5pt; margin-left: 6.5pt; line-height: 1.00;">David R. Parker</div>
          </td>
          <td style="width: 6.52%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.00;">100.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-indent: -6.5pt; margin-left: 6.5pt; line-height: 1.00;">Joey B. Hogan</div>
          </td>
          <td style="width: 6.52%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.00;">100.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-indent: -6.5pt; margin-left: 6.5pt; line-height: 1.00;">John A. Tweed</div>
          </td>
          <td style="width: 6.52%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.00;">100.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-indent: -6.5pt; margin-left: 6.5pt; line-height: 1.00;">M. Paul Bunn</div>
          </td>
          <td style="width: 6.52%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.00;">60.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-indent: -6.5pt; margin-left: 6.5pt; line-height: 1.00;">Richard B. Cribbs</div>
          </td>
          <td style="width: 6.52%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.00;">50.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-indent: -6.5pt; margin-left: 6.5pt; line-height: 1.00;">T. Ryan Rogers</div>
          </td>
          <td style="width: 6.52%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.00;">50.0%</div>
          </td>
        </tr>

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    <div><br>
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    <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 100%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

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          <td colspan="1" rowspan="1" style="width: 13%; vertical-align: top; text-align: right;">&#160;&#160; <br>
          </td>
          <td rowspan="1" style="width: 4%; vertical-align: top; text-align: right;">(1)&#160; <br>
          </td>
          <td rowspan="1" style="width: 80%; vertical-align: top; text-align: justify;">The Compensation Committee determined that the 2020 Bonus Program would be calculated based on 50% of such targets given the continuing effects of COVID-19.</td>
          <td colspan="1" rowspan="1" style="width: 3%; vertical-align: top; text-align: justify;">&#160;</td>
        </tr>

    </table>
    <br>
    <div style="line-height: 1.00;">
      <table cellspacing="0" cellpadding="0" border="0" id="z34c5f692a39845f0a2f00894be90233d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

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            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
            <td style="width: 87%;">
              <div style="text-align: justify;"><font style="background-color: rgb(255, 255, 255);">Under the 2020 Bonus Program, the participants may receive annual cash bonuses up to 50% of their respective target set forth above (each a &#8220;2020 Bonus
                  Opportunity&#8221;), based on upon the satisfaction of the 2020 Performance Goals. If three of the 2020 Performance Goals were achieved, each participant would receive 60% of their 2020 Bonus Opportunity. If four of the 2020 Performance Goals
                  were achieved, each participant would receive 80% of their 2020 Bonus Opportunity. If all five of the 2020 Performance Goals were achieved, each participant would receive 100% of their 2020 Bonus Opportunity. If two or fewer of the 2020
                  Performance Goals were achieved, the participant would not receive a bonus under the 2020 Bonus Program.</font></div>
            </td>
            <td colspan="1" style="width: 3%;">&#160;</td>
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    <div style="text-align: center; line-height: 1.00; font-weight: bold;">SIGNATURE</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="text-indent: 24pt; line-height: 1.00;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
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          <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="width: 61.64%; vertical-align: bottom;">
            <div style="line-height: 1.00; font-weight: bold;">COVENANT TRANSPORTATION GROUP, INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 56.94%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 56.94%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 38.36%; vertical-align: bottom;">
            <div style="line-height: 1.00;">Date: May 29, 2020</div>
          </td>
          <td style="width: 4.7%; vertical-align: bottom;">
            <div style="line-height: 1.00;">By:</div>
          </td>
          <td style="width: 56.94%; vertical-align: bottom; border-bottom: #000000 1px solid;">
            <div style="line-height: 1.00;">/s/ M. Paul Bunn</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 56.94%; vertical-align: bottom; border-top: #000000 1px solid;">
            <div style="line-height: 1.00;">M. Paul Bunn</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 56.94%; vertical-align: bottom;">
            <div style="line-height: 1.00;">Executive Vice President, Chief Financial Officer, and Secretary</div>
          </td>
        </tr>

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 22, 2020
___________________________________________________________________
COVENANT TRANSPORTATION GROUP, INC.
(Exact name of registrant as specified in its charter)
Nevada
000-24960
88-0320154
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
400 Birmingham Hwy., Chattanooga, TN
37419
(Address of principal executive offices)
(Zip Code)
(423) 821-1212
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[   ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
$0.01 Par Value Class A common stock
CVTI
The NASDAQ Global Select Market
Indicate by check mark whether that registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this
                chapter).
Emerging growth company  [   ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
                          accounting standards provided pursuant to Section 13(a) of the Exchange Act.   [   ]
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 22, 2020, the Compensation Committee of the Board of Directors (the "Compensation Committee") of Covenant
              Transportation Group, Inc., a Nevada corporation (the "Company"), approved performance-based bonus opportunities for the Company's senior executive officers, including the Company's named executive officers (the "2020 Bonus Program").  In
              designing the 2020 Bonus Program, the Compensation Committee considered, among other things, the recent realignment of our executive team, our redesigned organizational structure, and the acceleration of the implementation of our strategic
              plan. Such recent events informed the Compensation Committee as they set goals under the 2020 Bonus Program related to (i) safety, (ii) strategic planning, (iii) accountability, (iv) leverage, and (v) cost reductions (collectively, the "2020
              Performance Goals"). When establishing the 2020 Performance Goals and determining the potential cash payouts under the 2020 Bonus Program, the Compensation Committee also reviewed: (i) the impact of COVID-19, (ii) the magnitude of each
              participant's ability to impact corporate performance based on the executive's responsibilities at the time the targets were set, (iii) the composition of each participant's total compensation package, (iv) our financial goals, and (v)
              information provided by Willis Towers Watson, our independent compensation consultant. The Compensation Committee set new annual bonus targets, expressed as a percentage of year-end annualized base salary, for each of our named executive
              officers and Mr. Bunn as follows, provided that the 2020 Bonus Program would be calculated based on 50% of such targets given the continuing effects of COVID-19:
Name
Target
(1)
David R. Parker
100.0%
Joey B. Hogan
100.0%
John A. Tweed
100.0%
M. Paul Bunn
60.0%
Richard B. Cribbs
50.0%
T. Ryan Rogers
50.0%
(1)
The Compensation Committee determined that the 2020 Bonus Program would be calculated based on 50% of such targets given the continuing effects of COVID-19.
Under the 2020 Bonus Program, the participants may receive annual cash bonuses up to 50% of their respective target set forth above (each a "2020 Bonus
                  Opportunity"), based on upon the satisfaction of the 2020 Performance Goals. If three of the 2020 Performance Goals were achieved, each participant would receive 60% of their 2020 Bonus Opportunity. If four of the 2020 Performance Goals
                  were achieved, each participant would receive 80% of their 2020 Bonus Opportunity. If all five of the 2020 Performance Goals were achieved, each participant would receive 100% of their 2020 Bonus Opportunity. If two or fewer of the 2020
                  Performance Goals were achieved, the participant would not receive a bonus under the 2020 Bonus Program.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COVENANT TRANSPORTATION GROUP, INC.
Date: May 29, 2020
By:
/s/ M. Paul Bunn
M. Paul Bunn
Executive Vice President, Chief Financial Officer, and Secretary