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      Form 8-K (Omnibus Incentive Plan)
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Washington,
      D.C. 20549 </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>___________________________________________________________________</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of
      1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of earliest event reported): </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">May
      23,
      2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>___________________________________________________________________</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <img src="covenantlogo.jpg" alt=""></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>COVENANT
      TRANSPORT, INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
      name of registrant as specified in its charter) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada</font></div>
            </td>
            <td valign="bottom" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">000-24960</font></div>
            </td>
            <td valign="bottom" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">88-0320154</font></div>
            </td>
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            <td valign="bottom" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                or other jurisdiction</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                incorporation)</font></div>
            </td>
            <td valign="bottom" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File
                Number)</font></div>
            </td>
            <td valign="bottom" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                Employer</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                No.)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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            <td valign="bottom" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">400
                Birmingham Hwy., Chattanooga, TN</font></div>
            </td>
            <td valign="bottom" width="28%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">37419</font></div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                of principal executive offices)</font></div>
            </td>
            <td valign="bottom" width="28%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip
                Code)</font></div>
            </td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(423)
      821-1212</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
      telephone number, including area code)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="4%">&#160;</td>
            <td align="left" valign="bottom" width="78%">&#160;</td>
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                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
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          <tr>
            <td align="left" valign="bottom" width="4%">&#160;</td>
            <td align="left" valign="bottom" width="78%">&#160;</td>
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            <td valign="bottom" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[&#160;&#160;&#160;
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            <td align="left" valign="bottom" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="4%">&#160;</td>
            <td align="left" valign="bottom" width="78%">&#160;</td>
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          <tr>
            <td valign="bottom" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[&#160;&#160;&#160;
                ]</font></div>
            </td>
            <td align="left" valign="bottom" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div align="left">
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="justify" valign="top" width="7%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                  1.01</strong></font></div>
              </td>
              <td align="justify" valign="top" width="93%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
                  into a Material Definitive Agreement.</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="7%">&#160;</td>
              <td align="justify" valign="top" width="93%">&#160;</td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="7%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="top" width="93%" style="border-bottom: medium none;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Stockholder
                  Approval of the 2006 Omnibus Incentive Plan</u></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                  May 23, 2006, the stockholders of Covenant Transport, Inc., a Nevada
                  corporation (the "Company"), upon the recommendation of the Company's
                  Board of Directors (the "Board"), approved the 2006 Omnibus Incentive
                  Plan
                  (the "2006 Plan"). The 2006 Plan replaces the Company's 2003 Incentive
                  Stock Plan, Amended and Restated Incentive Stock Plan, Outside
                  Director
                  Stock Option Plan, and 1998 Non-Officer Incentive Stock Plan. A
                  summary of
                  certain provisions of the 2006 Plan is included on pages 21 through
                  27 of
                  the Company's Definitive Proxy Statement filed with the Securities
                  and
                  Exchange Commission on April 17, 2006 (the "Proxy Statement"),
                  and a copy
                  of the 2006 Plan is attached as Appendix A to the Proxy Statement.
                  </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Awards
                  of Restricted Common Stock and Option to Purchase Common Stock
                  to Certain
                  Officers</u></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                  May 23, 2006, the Compensation Committee of the Board, upon receiving
                  stockholder approval of the 2006 Plan, granted thereunder (i) annual
                  and
                  special awards of restricted shares of the Company's Class A common
                  stock,
                  $0.01 par value per share ("Common Stock"), and (ii) an option
                  to purchase
                  shares of Common Stock to certain officers of the Company, as set
                  forth in
                  the table below.</font></div>
              </td>
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        </table>
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      <div align="left">
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td valign="top" width="7%" style="border-bottom: medium none;">&#160;</td>
                <td valign="bottom" width="12%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Officer</u></font></div>
                </td>
                <td valign="bottom" width="45%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Title</u></font></div>
                </td>
                <td valign="top" width="13%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Annual
                    Award of Restricted Common Stock</u></font></div>
                </td>
                <td valign="top" width="13%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Special
                    Award of Restricted Common Stock</u></font></div>
                </td>
                <td valign="top" width="10%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Award
                    of Option to Purchase Common Stock</u></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jeffery
                    Acuff</font></div>
                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
                    President and General Manager, Expedited Service Offering</font></div>
                </td>
                <td valign="top" width="13%">
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                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
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                <td align="left" valign="top" width="12%">
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                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
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                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Joey
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                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4,000</font></div>
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                <td valign="top" width="10%">
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              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
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              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
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                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Treasurer
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                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000</font></div>
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                <td valign="top" width="13%">
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                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
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              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
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              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">R.H.
                    Lovin</font></div>
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                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                    Vice President - Administration</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000</font></div>
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                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">25,000</font></div>
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                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
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              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">L.D.
                    Miller</font></div>
                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
                    Vice President - Sales and Marketing</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000</font></div>
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                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">33,333</font></div>
                </td>
                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Michael
                    Miller</font></div>
                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
                    Vice President and Chief Operating Officer</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4,000</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">33,333</font></div>
                </td>
                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
                    Parker</font></div>
                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chairman,
                    President, and Chief Executive Officer</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4,000</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">50,000</font></div>
                </td>
                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jeffrey
                    Paulsen</font></div>
                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
                    President and General Manager, Over-the-Road Service
                    Offering</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">25,000</font></div>
                </td>
                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mary
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                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director
                    of Accounts Receivable</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1,200</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8,333</font></div>
                </td>
                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tony
                    Smith</font></div>
                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President,
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                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">25,000</font></div>
                </td>
                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="left" valign="top" width="12%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jeffrey
                    Taylor</font></div>
                </td>
                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vice
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                    Offering</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">25,000</font></div>
                </td>
                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
                </td>
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              <tr>
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                <td align="left" valign="top" width="12%">&#160;</td>
                <td align="left" valign="top" width="45%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="13%">&#160;</td>
                <td valign="top" width="10%">&#160;</td>
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                    Towe</font></div>
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                <td align="left" valign="top" width="45%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                    Vice President - Driver Recruiting and Retention</font></div>
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                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3,000</font></div>
                </td>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8,333</font></div>
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                <td valign="top" width="10%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">N/A</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
      </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="7%">&#160;</td>
            <td align="left" valign="top" width="93%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Annual
                Award of Restricted Common Stock</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                As part of the annual award, the Compensation Committee granted a
                total of
                38,700 shares of restricted Common Stock to certain officers of the
                Company. Such shares will vest in equal increments over the four-year
                period beginning on the first anniversary of the award date, subject
                to
                the Company's reaching of the earnings-per-share targets of $0.75
                in 2006,
                $1.05 in 2007, $1.35 in 2008, and $1.55 in 2009. Any percentage that
                fails
                to vest as a result of failure to reach a particular target will
                vest if
                the Company meets a subsequent target. As a condition to selling
                any
                vested shares of restricted Common Stock, the recipients are required
                to
                maintain an equivalent of 200% of their respective annual salaries
                on the
                date of the proposed sale in the combination of (i) Common Stock,
                and (ii)
                50% of the value of (a) unexercised options to purchase Common Stock,
                and
                (b) restricted Common Stock; provided that the recipients may sell
                such
                portion of the restricted shares that is necessary to cover the federal
                and state taxes the holder incurs upon vesting of the shares. The
                granted
                shares are subject to additional terms set forth in the 2006 Plan
                and the
                Officer Restricted Stock Award Notice substantially in the form that
                will
                be filed as an exhibit to the Company's Quarterly Report on Form
                10-Q for
                the quarterly period ended June 30, 2006.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Special
                Award of Restricted Common Stock</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                In connection with the Company's internal realignment and goal to
                return
                to a 90% operating ratio or better, the Compensation Committee made
                a
                special grant to individuals with key roles in the Company's performance.
                The grant is conditioned upon achieving a goal of $2.00 per share
                by 2010.
                The special award included a total of 316,665 shares of restricted
                Common
                Stock. Such shares will vest completely in any year between 2007
                and 2010
                in which the Company has reached an earnings-per-share target of
                $2.00.
                The earnings-per-share target excludes the effect of the vesting
                of the
                awards on earnings per share as well as extraordinary gains. The
                recipients must hold the shares for one year after vesting; provided
                that
                the recipients may sell such portion of the restricted shares that
                is
                necessary to cover the federal and state taxes the holder incurs
                upon
                vesting of the shares. The shares are subject to additional terms
                set
                forth in the 2006 Plan and the Restricted Stock Special Award Notice
                substantially in the form that will be filed as an exhibit to the
                Company's Quarterly Report on Form 10-Q for the quarterly period
                ended
                June 30, 2006.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Award
                of Option to Purchase Common Stock</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                The Compensation Committee granted an option to purchase 2,500 shares
                of
                Common Stock to an officer in connection with his appointment as
                the
                Company's Controller. The option was granted at an exercise price
                of
                $12.79, the closing price of Common Stock on the award date, vests
                in
                equal increments over the three-year period beginning on the first
                anniversary of the award date, and expires on the tenth anniversary
                of the
                award date. The option is subject to additional terms set forth in
                the
                2006 Plan and the Incentive Stock Option Award Notice substantially
                in the
                form that will be filed as an exhibit to the Company's Quarterly
                Report on
                Form 10-Q for the quarterly period ended June 30,
                2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
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      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="7%" style="border-bottom: medium none;">&#160;</td>
            <td align="justify" valign="top" width="93%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Changes
                in Compensation of, and Awards of Common Stock to, Outside
                Directors</u></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Changes
                in Outside Director Compensation</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                On May 23, 2006, the Board, acting pursuant to a recommendation of
                the
                Compensation Committee, increased the annual retainer of the Company's
                outside directors from $15,000 to $25,000, payable quarterly, and
                eliminated all of the fees payable to the outside directors per Board
                or
                committee meeting attended. The Board also increased the additional
                annual
                retainer of the Audit Committee Chairman and the Compensation Committee
                Chairman from $5,000 and $3,000 to $7,500 and $5,000, respectively.
                In
                addition, the Board established a new additional annual retainer
                in the
                amount of (i) $3,000 for the Nominating and Corporate Governance
                Committee
                Chairman, and (ii) $5,000, $4,000, and $2,500 for each member of
                the Audit
                Committee, Compensation Committee, and Nominating and Corporate Governance
                Committee, respectively. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Award
                of Common Stock to Outside Directors</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                On the same date, each outside director was granted 1,955 shares
                of Common
                Stock, with an approximate $25,000 cash value based on the closing
                price
                of Common Stock on the award date. A total of 11,730 of shares of
                Common
                Stock were granted. The award is not subject to any additional conditions
                and is effective on the award date. This award is in lieu of stock
                options
                that had previously been a part of outside director compensation.
                The
                directors can only sell the shares if, after the sale, they maintain
                a
                minimum of $100,000 in value of Common Stock.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                7.01</strong></font></div>
            </td>
            <td align="justify" valign="top" width="93%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Regulation&#160;FD
                Disclosure.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="7%">&#160;</td>
            <td align="justify" valign="top" width="93%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="7%" style="border-bottom: medium none;">&#160;</td>
            <td align="justify" valign="top" width="93%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Extension
                of Stock Repurchase Program</u></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                May 23, 2006, the Board extended the Company's existing stock repurchase
                program until June 30, 2007. Under the program the Company has the
                authority to repurchase up to 1,154,100 shares of Common Stock in
                open
                market or negotiated transactions.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Appointment
                of Corporate Controller</u></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                May 15, 2006, Richard Cribbs joined the Company as Controller. Mr.
                Cribbs
                has over 15 years of accounting experience. Mr. Cribbs previously
                served
                as corporate controller of a company with publicly traded debt and
                chief
                financial officer of a large private company. He is a certified public
                accountant with four years of experience at </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Arthur
                Andersen LLP from 1992 to 1996.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                information reported under this item 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, or the Exchange Act, except as
                shall
                be expressly set forth by specific reference in such a filing.&#160;The
                furnishing of this information does not constitute an&#160;admission as to
                the materiality of any such
                information.</font></div>
            </td>
          </tr>

      </table>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div align="left">
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          <tr>
            <td align="justify" valign="top" width="7%">&#160;</td>
            <td align="justify" colspan="2" valign="top" width="93%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="bottom" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                9.01</strong></font></div>
            </td>
            <td align="justify" colspan="2" valign="bottom" width="93%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
                Statements and Exhibits.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="bottom" width="7%">&#160;</td>
            <td valign="bottom" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(c)</strong></font></div>
            </td>
            <td align="justify" valign="bottom" width="84%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibits.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="bottom" width="7%">&#160;</td>
            <td valign="bottom" width="9%">&#160;</td>
            <td align="justify" valign="bottom" width="84%">&#160;</td>
          </tr>
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            <td align="justify" valign="bottom" width="7%" style="border-bottom: medium none;">&#160;</td>
            <td valign="bottom" width="9%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>NUMBER</u></font></div>
            </td>
            <td align="justify" valign="bottom" width="84%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>EXHIBIT
                DESCRIPTION</u></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="7%">&#160;</td>
            <td valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="84%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="7%">&#160;</td>
            <td valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.21</font></div>
            </td>
            <td align="justify" valign="top" width="84%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2006
                Omnibus Incentive Plan (incorporated by reference to Appendix A to
                the
                Company's Definitive Proxy Statement filed April 17, 2006, File No.
                000-24960)</font></div>
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          </tr>
          <tr>
            <td align="justify" valign="top" width="7%">&#160;</td>
            <td valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="84%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="7%">&#160;</td>
            <td valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="84%">&#160;</td>
          </tr>

      </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div align="left">
      <table border="0" cellpadding="0" cellspacing="0" width="80%">

          <tr>
            <td align="justify" valign="bottom" width="40%">&#160;</td>
            <td align="justify" valign="bottom" width="3%">&#160;</td>
            <td align="justify" valign="bottom" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>COVENANT
                TRANSPORT, INC.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="bottom" width="40%">&#160;</td>
            <td align="justify" valign="bottom" width="3%">&#160;</td>
            <td align="justify" valign="bottom" width="30%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="bottom" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
                May 26, 2006</font></div>
            </td>
            <td align="justify" valign="bottom" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="justify" valign="bottom" width="30%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Joey B. Hogan</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="bottom" width="40%">&#160;</td>
            <td align="justify" valign="bottom" width="3%">&#160;</td>
            <td align="justify" valign="bottom" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Joey
                B. Hogan</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive
                Vice President and Chief Financial
                Officer</font></div>
            </td>
          </tr>

      </table>
    </div>
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      INDEX</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>NUMBER</u></strong></font></div>
            </td>
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                DESCRIPTION</u></strong></font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.21</font></div>
            </td>
            <td width="1%">&#160;</td>
            <td align="left" valign="top" width="69%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2006
                Omnibus Incentive Plan (incorporated by reference to Appendix A to
                the
                Company's Definitive Proxy Statement filed April 17, 2006, File No.
                000-24960)</font></div>
            </td>
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[{"type": "8-K", "sequence": "1", "filename": "form8k.htm", "description": "FORM 8-K (OMNIBUS INCENTIVE PLAN)", "secsgml_size_bytes": 80755}]
{"company-data": {"conformed-name": "COVENANT TRANSPORT INC", "cik": "0000928658", "assigned-sic": "4213", "irs-number": "880320154", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24960", "film-number": "06869014"}, "business-address": {"street1": "400 BIRMINGHAM HIGHWAY", "city": "CHATTANOOGA", "state": "TN", "zip": "37419", "phone": "4238211212"}, "mail-address": {"street1": "400 BIRMINGHAM HIGHWAY", "city": "CHATTANOOGA", "state": "TN", "zip": "37419"}}
Form 8-K (Omnibus Incentive Plan)
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
      23,
      2006
___________________________________________________________________
COVENANT
      TRANSPORT, 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))
Item
                  1.01
Entry
                  into a Material Definitive Agreement.
Stockholder
                  Approval of the 2006 Omnibus Incentive Plan
On
                  May 23, 2006, the stockholders of Covenant Transport, Inc., a Nevada
                  corporation (the "Company"), upon the recommendation of the Company's
                  Board of Directors (the "Board"), approved the 2006 Omnibus Incentive
                  Plan
                  (the "2006 Plan"). The 2006 Plan replaces the Company's 2003 Incentive
                  Stock Plan, Amended and Restated Incentive Stock Plan, Outside
                  Director
                  Stock Option Plan, and 1998 Non-Officer Incentive Stock Plan. A
                  summary of
                  certain provisions of the 2006 Plan is included on pages 21 through
                  27 of
                  the Company's Definitive Proxy Statement filed with the Securities
                  and
                  Exchange Commission on April 17, 2006 (the "Proxy Statement"),
                  and a copy
                  of the 2006 Plan is attached as Appendix A to the Proxy Statement.
Awards
                  of Restricted Common Stock and Option to Purchase Common Stock
                  to Certain
                  Officers
On
                  May 23, 2006, the Compensation Committee of the Board, upon receiving
                  stockholder approval of the 2006 Plan, granted thereunder (i) annual
                  and
                  special awards of restricted shares of the Company's Class A common
                  stock,
                  $0.01 par value per share ("Common Stock"), and (ii) an option
                  to purchase
                  shares of Common Stock to certain officers of the Company, as set
                  forth in
                  the table below.
Officer
Title
Annual
                    Award of Restricted Common Stock
Special
                    Award of Restricted Common Stock
Award
                    of Option to Purchase Common Stock
Jeffery
                    Acuff
Vice
                    President and General Manager, Expedited Service Offering
3,000
25,000
N/A
Richard
                    Cribbs
Corporate
                    Controller
1,500
N/A
2,500
Joey
                    Hogan
Executive
                    Vice President and Chief Financial Officer
4,000
33,333
N/A
David
                    Hughes
Treasurer
                    and Director of Business Development
3,000
25,000
N/A
R.H.
                    Lovin
Senior
                    Vice President - Administration
3,000
25,000
N/A
L.D.
                    Miller
Executive
                    Vice President - Sales and Marketing
3,000
33,333
N/A
Michael
                    Miller
Executive
                    Vice President and Chief Operating Officer
4,000
33,333
N/A
David
                    Parker
Chairman,
                    President, and Chief Executive Officer
4,000
50,000
N/A
Jeffrey
                    Paulsen
Vice
                    President and General Manager, Over-the-Road Service
                    Offering
3,000
25,000
N/A
Mary
                    Roseman
Director
                    of Accounts Receivable
1,200
8,333
N/A
Tony
                    Smith
President,
                    Southern Refrigerated Transport, Inc.
3,000
25,000
N/A
Jeffrey
                    Taylor
Vice
                    President and General Manager, Temperature-Controlled Service
                    Offering
3,000
25,000
N/A
Richard
                    Towe
Senior
                    Vice President - Driver Recruiting and Retention
3,000
8,333
N/A
Annual
                Award of Restricted Common Stock
.
                As part of the annual award, the Compensation Committee granted a
                total of
                38,700 shares of restricted Common Stock to certain officers of the
                Company. Such shares will vest in equal increments over the four-year
                period beginning on the first anniversary of the award date, subject
                to
                the Company's reaching of the earnings-per-share targets of $0.75
                in 2006,
                $1.05 in 2007, $1.35 in 2008, and $1.55 in 2009. Any percentage that
                fails
                to vest as a result of failure to reach a particular target will
                vest if
                the Company meets a subsequent target. As a condition to selling
                any
                vested shares of restricted Common Stock, the recipients are required
                to
                maintain an equivalent of 200% of their respective annual salaries
                on the
                date of the proposed sale in the combination of (i) Common Stock,
                and (ii)
                50% of the value of (a) unexercised options to purchase Common Stock,
                and
                (b) restricted Common Stock; provided that the recipients may sell
                such
                portion of the restricted shares that is necessary to cover the federal
                and state taxes the holder incurs upon vesting of the shares. The
                granted
                shares are subject to additional terms set forth in the 2006 Plan
                and the
                Officer Restricted Stock Award Notice substantially in the form that
                will
                be filed as an exhibit to the Company's Quarterly Report on Form
                10-Q for
                the quarterly period ended June 30, 2006.
Special
                Award of Restricted Common Stock
.
                In connection with the Company's internal realignment and goal to
                return
                to a 90% operating ratio or better, the Compensation Committee made
                a
                special grant to individuals with key roles in the Company's performance.
                The grant is conditioned upon achieving a goal of $2.00 per share
                by 2010.
                The special award included a total of 316,665 shares of restricted
                Common
                Stock. Such shares will vest completely in any year between 2007
                and 2010
                in which the Company has reached an earnings-per-share target of
                $2.00.
                The earnings-per-share target excludes the effect of the vesting
                of the
                awards on earnings per share as well as extraordinary gains. The
                recipients must hold the shares for one year after vesting; provided
                that
                the recipients may sell such portion of the restricted shares that
                is
                necessary to cover the federal and state taxes the holder incurs
                upon
                vesting of the shares. The shares are subject to additional terms
                set
                forth in the 2006 Plan and the Restricted Stock Special Award Notice
                substantially in the form that will be filed as an exhibit to the
                Company's Quarterly Report on Form 10-Q for the quarterly period
                ended
                June 30, 2006.
Award
                of Option to Purchase Common Stock
.
                The Compensation Committee granted an option to purchase 2,500 shares
                of
                Common Stock to an officer in connection with his appointment as
                the
                Company's Controller. The option was granted at an exercise price
                of
                $12.79, the closing price of Common Stock on the award date, vests
                in
                equal increments over the three-year period beginning on the first
                anniversary of the award date, and expires on the tenth anniversary
                of the
                award date. The option is subject to additional terms set forth in
                the
                2006 Plan and the Incentive Stock Option Award Notice substantially
                in the
                form that will be filed as an exhibit to the Company's Quarterly
                Report on
                Form 10-Q for the quarterly period ended June 30,
                2006.
Changes
                in Compensation of, and Awards of Common Stock to, Outside
                Directors
Changes
                in Outside Director Compensation
.
                On May 23, 2006, the Board, acting pursuant to a recommendation of
                the
                Compensation Committee, increased the annual retainer of the Company's
                outside directors from $15,000 to $25,000, payable quarterly, and
                eliminated all of the fees payable to the outside directors per Board
                or
                committee meeting attended. The Board also increased the additional
                annual
                retainer of the Audit Committee Chairman and the Compensation Committee
                Chairman from $5,000 and $3,000 to $7,500 and $5,000, respectively.
                In
                addition, the Board established a new additional annual retainer
                in the
                amount of (i) $3,000 for the Nominating and Corporate Governance
                Committee
                Chairman, and (ii) $5,000, $4,000, and $2,500 for each member of
                the Audit
                Committee, Compensation Committee, and Nominating and Corporate Governance
                Committee, respectively.
Award
                of Common Stock to Outside Directors
.
                On the same date, each outside director was granted 1,955 shares
                of Common
                Stock, with an approximate $25,000 cash value based on the closing
                price
                of Common Stock on the award date. A total of 11,730 of shares of
                Common
                Stock were granted. The award is not subject to any additional conditions
                and is effective on the award date. This award is in lieu of stock
                options
                that had previously been a part of outside director compensation.
                The
                directors can only sell the shares if, after the sale, they maintain
                a
                minimum of $100,000 in value of Common Stock.
Item
                7.01
Regulation FD
                Disclosure.
Extension
                of Stock Repurchase Program
On
                May 23, 2006, the Board extended the Company's existing stock repurchase
                program until June 30, 2007. Under the program the Company has the
                authority to repurchase up to 1,154,100 shares of Common Stock in
                open
                market or negotiated transactions.
Appointment
                of Corporate Controller
On
                May 15, 2006, Richard Cribbs joined the Company as Controller. Mr.
                Cribbs
                has over 15 years of accounting experience. Mr. Cribbs previously
                served
                as corporate controller of a company with publicly traded debt and
                chief
                financial officer of a large private company. He is a certified public
                accountant with four years of experience at
Arthur
                Andersen LLP from 1992 to 1996.
The
                information reported under this item 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, or the Exchange Act, except as
                shall
                be expressly set forth by specific reference in such a filing. The
                furnishing of this information does not constitute an admission as to
                the materiality of any such
                information.
Item
                9.01
Financial
                Statements and Exhibits.
(c)
Exhibits.
EXHIBIT
NUMBER
EXHIBIT
                DESCRIPTION
10.21
2006
                Omnibus Incentive Plan (incorporated by reference to Appendix A to
                the
                Company's Definitive Proxy Statement filed April 17, 2006, File No.
                000-24960)
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
                TRANSPORT, INC.
Date:
                May 26, 2006
By:
/s/
                Joey B. Hogan
Joey
                B. Hogan
Executive
                Vice President and Chief Financial
                Officer
EXHIBIT
      INDEX
EXHIBIT
NUMBER
EXHIBIT
                DESCRIPTION
10.21
2006
                Omnibus Incentive Plan (incorporated by reference to Appendix A to
                the
                Company's Definitive Proxy Statement filed April 17, 2006, File No.
                000-24960)