<html xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:us-gaap="http://fasb.org/us-gaap/2022" xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:country="http://xbrl.sec.gov/country/2022" xmlns:currency="http://xbrl.sec.gov/currency/2022" xmlns:naics="http://xbrl.sec.gov/naics/2022" xmlns:sic="http://xbrl.sec.gov/sic/2022" xmlns:stpr="http://xbrl.sec.gov/stpr/2022" xmlns:exch="http://xbrl.sec.gov/exch/2022" xmlns:srt="http://fasb.org/srt/2022" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:cvlg="http://covenanttransport.com/20220930" xmlns="http://www.w3.org/1999/xhtml">
  <head>
    <title></title>
    <!-- Licensed to: scudder
         Document created using Broadridge PROfile 22.7.2.5063
         Copyright 1995 - 2022 Broadridge -->
    <meta http-equiv="Content-Type" content="text/html" />
</head>

<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; background-color: #ffffff;">
<div id="DSPFiXBRLHidden" style="display: none;"><ix:header><ix:hidden><ix:nonNumeric name="dei:AmendmentFlag" id="Fact_b7d41879d1384b468191e72645bbf3b6" contextRef="c20220930to20220930" format="ixt:booleanfalse">false</ix:nonNumeric><ix:nonNumeric name="dei:EntityCentralIndexKey" id="Fact_3db7da0a42784a8d83dd7803d2aae4a3" contextRef="c20220930to20220930">0000928658</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:href="cvlg-20220930.xsd" xlink:type="simple"></link:schemaRef></ix:references><ix:resources><xbrli:context id="c20220930to20220930"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000928658</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-09-30</xbrli:startDate><xbrli:endDate>2022-09-30</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div>

  <div>
    <hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" />
    <div>
      <div>
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;">UNITED STATES</div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Washington, D.C.&#160;20549</div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">___________________________________________________________________</div>

        <div><br />
        </div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;">FORM <ix:nonNumeric name="dei:DocumentType" id="Fact_2f0b0d09cc0742e29b07da4ca9540547" contextRef="c20220930to20220930">8-K</ix:nonNumeric></div>

        <div><br />
        </div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>

        <div><br />
        </div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Date of Report (Date of earliest event reported):</div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><ix:nonNumeric name="dei:DocumentPeriodEndDate" id="Fact_a1f4c00adfd04ccca9591d8a27d8c483" contextRef="c20220930to20220930" format="ixt:datemonthdayyearen">September 30, 2022</ix:nonNumeric><br />
        </div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">___________________________________________________________________</div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"> <br />
        </div>

        <div style="text-align: center;"><img width="450" height="108" src="cvlglogo.jpg" alt="graphic" /> </div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityRegistrantName" id="Fact_5eed7ab0b6904f0b8529c3dc100d5563" contextRef="c20220930to20220930">COVENANT LOGISTICS GROUP, INC.</ix:nonNumeric><br />
        </div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Exact name of registrant as specified in its charter)</div>

        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> <br />
        </div>

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


  <tr>

    <td style="width: 35.67%; vertical-align: bottom;">
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:EntityIncorporationStateCountryCode" id="Fact_ac54f353b7664a5cb3d0adad0845e5d4" contextRef="c20220930to20220930" format="ixt-sec:stateprovnameen">Nevada</ix:nonNumeric><br />
                  </div>
                </td>

    <td style="width: 28.66%; vertical-align: bottom;">
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:EntityFileNumber" id="Fact_9c74fc1371774d78b10c9fd95ac732e1" contextRef="c20220930to20220930">000-24960</ix:nonNumeric><br />
                  </div>
                </td>

    <td style="width: 35.67%; vertical-align: bottom;">
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" id="Fact_71e6e1d77ae646a098958f0020c48094" contextRef="c20220930to20220930">88-0320154</ix:nonNumeric><br />
                  </div>
                </td>

  </tr>

  <tr>

    <td style="width: 35.67%; vertical-align: bottom;">
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(State or other jurisdiction</div>
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">of incorporation)</div>
                </td>

    <td style="width: 28.66%; vertical-align: bottom;">
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Commission</div>
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">File Number)</div>
                </td>

    <td style="width: 35.67%; vertical-align: bottom;">
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(IRS Employer</div>
                  <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;&#160;Identification No.)</div>
                </td>

  </tr>


</table>
        </div>

      </div>

      <div>
        <div>&#160;<span style="font-size: 11pt;">&#160;</span> <span style="font-size: 11pt;">&#160;</span></div>

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


  <tr>

    <td style="width: 51.9%; vertical-align: bottom;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><ix:nonNumeric name="dei:EntityAddressAddressLine1" id="Fact_b454b9ef65e541f09a4b2202c43f2da3" contextRef="c20220930to20220930">400 Birmingham Hwy</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressCityOrTown" id="Fact_d075a4b542804190b216aea915598969" contextRef="c20220930to20220930">Chattanooga</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressStateOrProvince" id="Fact_36b42a48ef6e42de8070a326aa13d534" contextRef="c20220930to20220930">TN</ix:nonNumeric></div>
              </td>

    <td style="width: 48.1%; vertical-align: bottom;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><ix:nonNumeric name="dei:EntityAddressPostalZipCode" id="Fact_cab3432f45ce49cc8a9d87bade52ea78" contextRef="c20220930to20220930">37419</ix:nonNumeric><br />
                </div>
              </td>

  </tr>

  <tr>

    <td style="width: 51.9%; vertical-align: bottom;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">(Address of principal executive offices)</div>
              </td>

    <td style="width: 48.1%; vertical-align: bottom;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">(Zip Code)</div>
              </td>

  </tr>


</table>
        <div><span style="font-size: 11pt;">&#160;</span> <span style="font-size: 11pt;">&#160;</span></div>

        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">(<ix:nonNumeric name="dei:CityAreaCode" id="Fact_6b0c740435ec4a41a5b1ea63679c589d" contextRef="c20220930to20220930">423</ix:nonNumeric>) <ix:nonNumeric name="dei:LocalPhoneNumber" id="Fact_27d090dfec76495381c4ecc5c62495e3" contextRef="c20220930to20220930">821-1212</ix:nonNumeric></div>

        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">(Registrant's telephone number, including area code)</div>

        <div><span style="font-size: 10pt;"> &#160; &#160;</span></div>

        <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">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>

        <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
          <div><span style="font-size: 11pt;">&#160;</span></div>

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


  <tr>

    <td style="width: 10.32%; vertical-align: bottom; text-align: center;"> <span style="font-size: 11pt;"><span style="font-size: 10pt;"><ix:nonNumeric name="dei:WrittenCommunications" id="Fact_9a9ac6d2c0a9486a9ea363ffd8bc444d" contextRef="c20220930to20220930" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
                    </span></span></td>

    <td style="width: 89.68%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
                </td>

  </tr>

  <tr>

    <td style="width: 10.32%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 11pt;">&#160;</div>
                </td>

    <td style="width: 89.68%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 11pt;">&#160;</div>
                </td>

  </tr>

  <tr>

    <td style="width: 10.32%; vertical-align: bottom; text-align: center;"> <span style="font-size: 11pt;"><span style="font-size: 10pt;"><ix:nonNumeric name="dei:SolicitingMaterial" id="Fact_829f876f32de41d89ea43c8422176ccd" contextRef="c20220930to20220930" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
                    </span></span></td>

    <td style="width: 89.68%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
                </td>

  </tr>

  <tr>

    <td style="width: 10.32%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 11pt;">&#160;</div>
                </td>

    <td style="width: 89.68%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 11pt;">&#160;</div>
                </td>

  </tr>

  <tr>

    <td style="width: 10.32%; vertical-align: bottom; text-align: center;"> <span style="font-size: 11pt;"><span style="font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementTenderOffer" id="Fact_bb5818455de44392a056823cba879d0a" contextRef="c20220930to20220930" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
                    </span></span></td>

    <td style="width: 89.68%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 11pt;"><span style="font-size: 10pt;">Pre-commencement communications pursuant to</span> <span style="font-size: 10pt;">Rule 14d-2(b) under the Exchange
                      Act (17 CFR 240.14d-2(b))</span></div>
                </td>

  </tr>

  <tr>

    <td style="width: 10.32%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 11pt;">&#160;</div>
                </td>

    <td style="width: 89.68%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 11pt;">&#160;</div>
                </td>

  </tr>

  <tr>

    <td style="width: 10.32%; vertical-align: bottom; text-align: center;"> <ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" id="Fact_44c351ba7ab846a1ae03631b4eac1f9f" contextRef="c20220930to20220930" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric>&#160; </td>

    <td style="width: 89.68%; vertical-align: bottom;">
                  <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
                </td>

  </tr>


</table>
          <div><span style="font-size: 11pt;">&#160;</span></div>

          <div><span style="font-size: 11pt;"><span style="font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</span><br />
            </span> </div>

          <div>
            <div><span style="font-size: 11pt;">&#160;</span></div>

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


  <tr>

    <td style="width: 34.1%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
                    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Title of each class</div>
                  </td>

    <td style="width: 31.22%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
                    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Trading Symbol(s)</div>
                  </td>

    <td style="width: 34.67%; vertical-align: bottom; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0);">
                    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Name of each exchange on which registered</div>
                  </td>

  </tr>

  <tr>

    <td style="width: 34.1%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); text-align: center; font-size: 10pt;"><ix:nonNumeric name="dei:Security12bTitle" id="Fact_1f6eb3e8132646e1931f05ba563aceb6" contextRef="c20220930to20220930">$0.01 Par Value Class A common stock</ix:nonNumeric><br />
                  </td>

    <td style="width: 31.22%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
                    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:TradingSymbol" id="Fact_ee12dd8020ba478780df2937a6adf88a" contextRef="c20220930to20220930">CVLG</ix:nonNumeric><br />
                    </div>
                  </td>

    <td style="width: 34.67%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); text-align: center; font-size: 10pt;"><ix:nonNumeric name="dei:SecurityExchangeName" id="Fact_96034e61c74a43a1ab81d48cd2203793" contextRef="c20220930to20220930" format="ixt-sec:exchnameen">The NASDAQ Global Select Market</ix:nonNumeric><br />
                  </td>

  </tr>


</table>
            <div><span style="font-size: 11pt;">&#160;</span> &#160; </div>

            <div>
              <div style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left;">Indicate by check mark whether the registrant is an emerging growth company&#160;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>

              <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"> <br />
              </div>

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


  <tr>

    <td style="width: 10.32%; vertical-align: top; font-size: 10pt;">&#160;</td>

    <td style="width: 89.68%; vertical-align: bottom;">
                        <div style="text-align: right; text-indent: 332.8pt; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Emerging growth company&#160; <span style="text-indent: 0pt;"><ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_83d79cdcd88445c293255ea350cf2142" contextRef="c20220930to20220930" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric></span></div>
                      </td>

  </tr>

  <tr>

    <td style="width: 10.32%; vertical-align: bottom; font-size: 10pt;">&#160;</td>

    <td style="width: 89.68%; vertical-align: bottom; font-size: 10pt;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 100%; vertical-align: top;" colspan="2">
                        <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">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>

  </tr>


</table>
                <div> <br />
                </div>

                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="DSPFPageBreakArea">
                  <div style="page-break-after: always;" class="DSPFPageBreak">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" /></div>

                </div>

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


  <tr>

    <td style="width: 12.04%; vertical-align: top;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Item 5.02</div>
                        </td>

    <td style="width: 87.96%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
                            Arrangements of Certain Officers.</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 12.04%; vertical-align: bottom;">&#160;</td>

    <td style="width: 87.96%; vertical-align: bottom;">
                          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On September 30, 2022, the Compensation Committee of the Board of Directors of Covenant Logistics Group, Inc., a Nevada corporation
                            (the &#8220;Company&#8221;), approved an amendment to the severance agreement of James &#8220;Tripp&#8221; S. Grant (the &#8220;Severance Agreement&#8221;) in connection with his prior promotion to Executive Vice President and Chief Financial Officer as follows:</div>
                          <div>&#160;</div>
                          <div style="text-indent: -9pt; margin-left: 27pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;">&#8226;</span>&#160; <span style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;">Upon a qualifying severance event, subject to employment, release, and other customary provisions, including a non-compete through 3 months post-termination, the Severance Agreement was amended to (i)
                              provide for 9 months of guaranteed salary continuation (versus 6 months previously), plus an additional 9 months of salary continuation so long as Mr. Grant has not secured employment consistent with his professional
                              experience and/or skillset and paying an annualized base salary at least equal to his annualized base salary at the time of termination (versus an additional 6 months previously) and (ii) provide for 18 months of COBRA
                              reimbursement (versus 12 months previously); and</span></div>
                          <div>&#160;</div>
                          <div style="text-indent: -9pt; margin-left: 27pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#8226;</span><span style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;">&#160; Upon a qualifying change-in-control event only when the recipient is terminated without &#8220;cause&#8221; or is subject to a &#8220;constructive termination&#8221; during the 24 months following a change-in-control, subject
                              to employment, release, and other customary provisions, including a non-compete through 3 months post-termination, the Severance Agreement was amended to provide for a 200% of annualized base salary lump sum severance payment
                              (versus 100% previously) and 24 months of COBRA reimbursement (versus 12 months previously).</span></div>
                          <div>&#160;</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 12.04%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Item 7.01</div>
                        </td>

    <td style="width: 87.96%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Regulation FD Disclosure.</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 12.04%; vertical-align: bottom;">&#160;</td>

    <td style="width: 87.96%; vertical-align: bottom;">
                          <div>
                            <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On September 30, 2022, the Company closed the previously disclosed sale of a California terminal for approximately $43.5 million in
                              cash net of transaction costs. The Company anticipates recording a pretax gain of approximately $37.5 million on the sale of the property. Assuming the sale occurred on June 30, 2022, our Leverage Ratio<sup>(1)(2)</sup> as of
                              June 30, 2022 would have been approximately 0.13 and our Tangible Book Value Per End-of-Quarter Basic Share<sup>(1)</sup> would have been approximately $18.46. The Company has relocated personnel and equipment to other
                              locations and expects operating costs associated with Southern California to be reduced by approximately $500,000 annually with no disruption in service.</div>
                          </div>
                        </td>

  </tr>

  <tr>

    <td style="width: 12.04%; vertical-align: bottom;">&#160;</td>

    <td style="width: 87.96%; vertical-align: bottom;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 12.04%; vertical-align: top;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 87.96%; vertical-align: top;">
                          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><sup>(1) </sup>Leverage Ratio and Tangible Book Value Per End-of-Quarter Basic Share as of June 30, 2022, are pro forma amounts that
                            apply the proceeds of the sale of the property assuming that it occurred on June 30, 2022.</div>
                          <div>&#160;</div>
                          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><sup>(2)</sup> Leverage Ratio is calculated as ending total indebtedness, comprised of total debt and finance leases, net of cash,
                            divided by the sum of operating income (loss), depreciation and amortization, and gain on disposition of property and equipment, net for the trailing twelve months.</div>
                          <div>&#160;</div>
                          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The information contained in this Item 7.01 of this report 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 (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth
                            by specific reference in such a filing.</div>
                        </td>

  </tr>


</table>
                  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="DSPFPageBreakArea">
                    <div style="page-break-after: always;" class="DSPFPageBreak">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" /></div>

                  </div>

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


  <tr>

    <td style="width: 12.04%; vertical-align: top;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 87.96%; vertical-align: top;">
                          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">This report contains certain statements that may be considered forward-looking statements within the meaning of
                            Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities
                            Litigation Reform Act of 1995, as amended.&#160; Such statements may be identified by their use of terms or phrases such as &#8220;expects,&#8221; &#8220;estimates,&#8221; &#8220;projects,&#8221; &#8220;believes,&#8221; &#8220;anticipates,&#8221; &#8220;plans,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;may,&#8221; &#8220;will,&#8221;
                            "intends," &#8220;outlook,&#8221; &#8220;focus,&#8221; &#8220;seek,&#8221; &#8220;potential,&#8221; &#8220;mission,&#8221; &#8220;continue,&#8221; &#8220;goal,&#8221; &#8220;target,&#8221; &#8220;objective,&#8221; derivations thereof, and similar terms and phrases.&#160; Forward-looking statements are based upon the current beliefs and
                            expectations of our management and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth
                            in, contemplated by, or underlying the forward-looking statements. In this report, statements relating to the anticipated pretax gain from sale and operating costs associated with Southern California are forward-looking
                            statements. The following factors, among others could cause actual results to differ materially from those in the forward-looking statements: Our business is subject to economic, credit, business, and regulatory factors
                            affecting the truckload industry that are largely beyond our control including cost inflation and global supply chain disruption that could affect (i) the volume, pricing, and predictability of customer demand, (ii) the
                            availability, pricing, and delivery schedule of equipment and parts, (iii) the availability and compensation of employees and third-party capacity providers, and (iv) other aspects of our business; We may not be successful in
                            achieving our strategic plan; We operate in a highly competitive and fragmented industry; We may not grow substantially in the future and we may not be successful in improving our profitability; We may not make acquisitions in
                            the future, or if we do, we may not be successful in our acquisition strategy; Increases in driver compensation or difficulties attracting and retaining qualified drivers could have a materially adverse effect on our
                            profitability and the ability to maintain or grow our fleet; Our engagement of independent contractors to provide a portion of our capacity exposes us to different risks than we face with our tractors driven by company drivers;
                            We derive a significant portion of our revenues from our major customers; Fluctuations in the price or availability of fuel, the volume and terms of diesel fuel purchase commitments, surcharge collection, and hedging activities
                            may increase our costs of operation; We depend on third-party providers, particularly in our Managed Freight segment; We depend on the proper functioning and availability of our management information and communication systems
                            and other information technology assets (including the data contained therein) and a system failure or unavailability, including those caused by cybersecurity breaches, or an inability to effectively upgrade such systems and
                            assets could cause a significant disruption to our business; If we are unable to retain our key employees, our business, financial condition, and results of operations could be harmed; Seasonality and the impact of weather and
                            other catastrophic events affect our operations and profitability; We self-insure for a significant portion of our claims exposure, which could significantly increase the volatility of, and decrease the amount of, our earnings;
                            Our self-insurance for auto liability claims and our use of captive insurance companies could adversely impact our operations; We have experienced, and may experience additional, erosion of available limits in our aggregate
                            insurance policies; We may experience additional expense to reinstate insurance policies due to liability claims; We operate in a highly regulated industry; If our independent contractor drivers are deemed by regulators or
                            judicial process to be employees, our business, financial condition, and results of operations could be adversely affected; Developments in labor and employment law and any unionizing efforts by employees could have a materially
                            adverse effect on our results of operations; The Compliance Safety Accountability program adopted by the Federal Motor Carrier Safety Administration could adversely affect our profitability and operations, our ability to
                            maintain or grow our fleet, and our customer relationships; An unfavorable development in the Department of Transportation safety rating at any of our motor carriers could have a materially adverse effect on our operations and
                            profitability; Compliance with various environmental laws and regulations; Changes to trade regulation, quotas, duties, or tariffs; Litigation may adversely affect our business, financial condition, and results of operations;
                            Increasing attention on environmental, social and governance matters may have a negative impact on our business, impose additional costs on us, and expose us to additional risks; Our ABL credit facility and other financing
                            arrangements contain certain covenants, restrictions, and requirements, and we may be unable to comply with such covenants, restrictions, and requirements; In the future, we may need to obtain additional financing that may not
                            be available or, if it is available, may result in a reduction in the percentage ownership of our stockholders; Our indebtedness and finance and operating lease obligations could adversely affect our ability to respond to
                            changes in our industry or business; Our profitability may be materially adversely impacted if our capital investments do not match customer demand or if there is a decline in the availability of funding sources for these
                            investments; Increased prices for new revenue equipment, design changes of new engines, future uses of autonomous tractors, volatility in the used equipment market, decreased availability of new revenue equipment, and the
                            failure of manufacturers to meet their sale or trade-back obligations to us could have a materially adverse effect on our business, financial condition, results of operations, and profitability; Our 49% owned subsidiary,
                            Transport Enterprise Leasing, faces certain additional risks particular to its operations, any one of which could adversely affect our operating results; We may incur additional charges in connection with the disposition of
                            substantially all of the operations and assets of TFS; We could determine that our goodwill and other intangible assets are impaired, thus recognizing a related loss; Our Chairman of the Board and Chief Executive Officer and his
                            wife control a large portion of our stock and have substantial control over us, which could limit other stockholders' ability to influence the outcome of key transactions, including changes of control; Provisions in our charter
                            documents or Nevada law may inhibit a takeover, which could limit the price investors might be willing to pay for our Class A common stock; The market price of our Class A common stock may be volatile; We cannot guarantee the
                            timing or amount of repurchases of our Class A common stock or dividends on our Class A and Class B common stock, if any; If we fail to maintain effective internal control over financial reporting in the future, there could be
                            an elevated possibility of a material misstatement, and such a misstatement could cause investors to lose confidence in our financial statements, which could have a material adverse effect on our stock price; and We could be
                            negatively impacted by the COVID-19 outbreak or other similar outbreaks. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to:
                            our cash flow and cash needs; compliance with applicable law; restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our
                            financial condition or results: and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. Readers should review and consider these factors along
                            with the various disclosures by the Company in its press releases, stockholder reports, and filings with the Securities and Exchange Commission. We disclaim any obligation to update or revise any forward-looking statements to
                            reflect actual results or changes in the factors affecting the forward-looking information. Pro forma amounts are used for illustrative purpose only, are not forecasts, and may not reflect actual results.</div>
                        </td>

  </tr>


</table>
                  <div style="margin-top: 3pt; margin-bottom: 3pt;"><br />
                  </div>

                  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="DSPFPageBreakArea">
                    <div style="page-break-after:always;" class="DSPFPageBreak">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" /></div>

                  </div>

                  <div style="text-align: center; margin-top: 3pt; margin-bottom: 3pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">SIGNATURE</div>

                  <div style="margin-top: 3pt; margin-bottom: 3pt;"><br />
                  </div>

                  <div style="text-align: justify; text-indent: 36pt; margin-top: 3pt; margin-bottom: 3pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">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="margin-top: 3pt; margin-bottom: 3pt;"><br />
                  </div>

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


  <tr>

    <td style="width: 38.35%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td colspan="2" style="width: 61.65%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">COVENANT LOGISTICS GROUP, INC.</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 38.35%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 11.12%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">(Registrant)</div>
                        </td>

    <td style="width: 50.52%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 38.35%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 11.12%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 50.52%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 38.35%; vertical-align: bottom; padding-bottom: 1px;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Date: September 30, 2022</div>
                        </td>

    <td style="width: 11.12%; vertical-align: bottom; padding-bottom: 1px;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">By:</div>
                        </td>

    <td style="width: 50.52%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">/s/ Joey B. Hogan</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 38.35%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 11.12%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 50.52%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Joey B. Hogan</div>
                        </td>

  </tr>

  <tr>

    <td style="width: 38.35%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 11.12%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#160;</div>
                        </td>

    <td style="width: 50.52%; vertical-align: bottom;">
                          <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">President</div>
                        </td>

  </tr>


</table>
                  <div style="margin-top: 3pt; margin-bottom: 3pt;"><br />
                  </div>

                </div>

              </div>

            </div>

          </div>

        </div>

      </div>

    </div>

  </div>

</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "form8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 44852}]
{"company-data": {"conformed-name": "COVENANT LOGISTICS GROUP, 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": "221284813"}, "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"}, "former-company": [{"former-conformed-name": "COVENANT TRANSPORTATION GROUP INC", "date-changed": "20070522"}, {"former-conformed-name": "COVENANT TRANSPORT INC", "date-changed": "19940818"}]}
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):
September 30, 2022
___________________________________________________________________
COVENANT LOGISTICS 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
CVLG
The NASDAQ Global Select Market
Indicate by check mark whether the 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 September 30, 2022, the Compensation Committee of the Board of Directors of Covenant Logistics Group, Inc., a Nevada corporation
                            (the "Company"), approved an amendment to the severance agreement of James "Tripp" S. Grant (the "Severance Agreement") in connection with his prior promotion to Executive Vice President and Chief Financial Officer as follows:
•
Upon a qualifying severance event, subject to employment, release, and other customary provisions, including a non-compete through 3 months post-termination, the Severance Agreement was amended to (i)
                              provide for 9 months of guaranteed salary continuation (versus 6 months previously), plus an additional 9 months of salary continuation so long as Mr. Grant has not secured employment consistent with his professional
                              experience and/or skillset and paying an annualized base salary at least equal to his annualized base salary at the time of termination (versus an additional 6 months previously) and (ii) provide for 18 months of COBRA
                              reimbursement (versus 12 months previously); and
•
Upon a qualifying change-in-control event only when the recipient is terminated without "cause" or is subject to a "constructive termination" during the 24 months following a change-in-control, subject
                              to employment, release, and other customary provisions, including a non-compete through 3 months post-termination, the Severance Agreement was amended to provide for a 200% of annualized base salary lump sum severance payment
                              (versus 100% previously) and 24 months of COBRA reimbursement (versus 12 months previously).
Item 7.01
Regulation FD Disclosure.
On September 30, 2022, the Company closed the previously disclosed sale of a California terminal for approximately $43.5 million in
                              cash net of transaction costs. The Company anticipates recording a pretax gain of approximately $37.5 million on the sale of the property. Assuming the sale occurred on June 30, 2022, our Leverage Ratio
(1)(2)
as of
                              June 30, 2022 would have been approximately 0.13 and our Tangible Book Value Per End-of-Quarter Basic Share
(1)
would have been approximately $18.46. The Company has relocated personnel and equipment to other
                              locations and expects operating costs associated with Southern California to be reduced by approximately $500,000 annually with no disruption in service.
(1)
Leverage Ratio and Tangible Book Value Per End-of-Quarter Basic Share as of June 30, 2022, are pro forma amounts that
                            apply the proceeds of the sale of the property assuming that it occurred on June 30, 2022.
(2)
Leverage Ratio is calculated as ending total indebtedness, comprised of total debt and finance leases, net of cash,
                            divided by the sum of operating income (loss), depreciation and amortization, and gain on disposition of property and equipment, net for the trailing twelve months.
The information contained in this Item 7.01 of this report 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 (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth
                            by specific reference in such a filing.
This report contains certain statements that may be considered forward-looking statements within the meaning of
                            Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities
                            Litigation Reform Act of 1995, as amended.  Such statements may be identified by their use of terms or phrases such as "expects," "estimates," "projects," "believes," "anticipates," "plans," "could," "would," "may," "will,"
                            "intends," "outlook," "focus," "seek," "potential," "mission," "continue," "goal," "target," "objective," derivations thereof, and similar terms and phrases.  Forward-looking statements are based upon the current beliefs and
                            expectations of our management and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth
                            in, contemplated by, or underlying the forward-looking statements. In this report, statements relating to the anticipated pretax gain from sale and operating costs associated with Southern California are forward-looking
                            statements. The following factors, among others could cause actual results to differ materially from those in the forward-looking statements: Our business is subject to economic, credit, business, and regulatory factors
                            affecting the truckload industry that are largely beyond our control including cost inflation and global supply chain disruption that could affect (i) the volume, pricing, and predictability of customer demand, (ii) the
                            availability, pricing, and delivery schedule of equipment and parts, (iii) the availability and compensation of employees and third-party capacity providers, and (iv) other aspects of our business; We may not be successful in
                            achieving our strategic plan; We operate in a highly competitive and fragmented industry; We may not grow substantially in the future and we may not be successful in improving our profitability; We may not make acquisitions in
                            the future, or if we do, we may not be successful in our acquisition strategy; Increases in driver compensation or difficulties attracting and retaining qualified drivers could have a materially adverse effect on our
                            profitability and the ability to maintain or grow our fleet; Our engagement of independent contractors to provide a portion of our capacity exposes us to different risks than we face with our tractors driven by company drivers;
                            We derive a significant portion of our revenues from our major customers; Fluctuations in the price or availability of fuel, the volume and terms of diesel fuel purchase commitments, surcharge collection, and hedging activities
                            may increase our costs of operation; We depend on third-party providers, particularly in our Managed Freight segment; We depend on the proper functioning and availability of our management information and communication systems
                            and other information technology assets (including the data contained therein) and a system failure or unavailability, including those caused by cybersecurity breaches, or an inability to effectively upgrade such systems and
                            assets could cause a significant disruption to our business; If we are unable to retain our key employees, our business, financial condition, and results of operations could be harmed; Seasonality and the impact of weather and
                            other catastrophic events affect our operations and profitability; We self-insure for a significant portion of our claims exposure, which could significantly increase the volatility of, and decrease the amount of, our earnings;
                            Our self-insurance for auto liability claims and our use of captive insurance companies could adversely impact our operations; We have experienced, and may experience additional, erosion of available limits in our aggregate
                            insurance policies; We may experience additional expense to reinstate insurance policies due to liability claims; We operate in a highly regulated industry; If our independent contractor drivers are deemed by regulators or
                            judicial process to be employees, our business, financial condition, and results of operations could be adversely affected; Developments in labor and employment law and any unionizing efforts by employees could have a materially
                            adverse effect on our results of operations; The Compliance Safety Accountability program adopted by the Federal Motor Carrier Safety Administration could adversely affect our profitability and operations, our ability to
                            maintain or grow our fleet, and our customer relationships; An unfavorable development in the Department of Transportation safety rating at any of our motor carriers could have a materially adverse effect on our operations and
                            profitability; Compliance with various environmental laws and regulations; Changes to trade regulation, quotas, duties, or tariffs; Litigation may adversely affect our business, financial condition, and results of operations;
                            Increasing attention on environmental, social and governance matters may have a negative impact on our business, impose additional costs on us, and expose us to additional risks; Our ABL credit facility and other financing
                            arrangements contain certain covenants, restrictions, and requirements, and we may be unable to comply with such covenants, restrictions, and requirements; In the future, we may need to obtain additional financing that may not
                            be available or, if it is available, may result in a reduction in the percentage ownership of our stockholders; Our indebtedness and finance and operating lease obligations could adversely affect our ability to respond to
                            changes in our industry or business; Our profitability may be materially adversely impacted if our capital investments do not match customer demand or if there is a decline in the availability of funding sources for these
                            investments; Increased prices for new revenue equipment, design changes of new engines, future uses of autonomous tractors, volatility in the used equipment market, decreased availability of new revenue equipment, and the
                            failure of manufacturers to meet their sale or trade-back obligations to us could have a materially adverse effect on our business, financial condition, results of operations, and profitability; Our 49% owned subsidiary,
                            Transport Enterprise Leasing, faces certain additional risks particular to its operations, any one of which could adversely affect our operating results; We may incur additional charges in connection with the disposition of
                            substantially all of the operations and assets of TFS; We could determine that our goodwill and other intangible assets are impaired, thus recognizing a related loss; Our Chairman of the Board and Chief Executive Officer and his
                            wife control a large portion of our stock and have substantial control over us, which could limit other stockholders' ability to influence the outcome of key transactions, including changes of control; Provisions in our charter
                            documents or Nevada law may inhibit a takeover, which could limit the price investors might be willing to pay for our Class A common stock; The market price of our Class A common stock may be volatile; We cannot guarantee the
                            timing or amount of repurchases of our Class A common stock or dividends on our Class A and Class B common stock, if any; If we fail to maintain effective internal control over financial reporting in the future, there could be
                            an elevated possibility of a material misstatement, and such a misstatement could cause investors to lose confidence in our financial statements, which could have a material adverse effect on our stock price; and We could be
                            negatively impacted by the COVID-19 outbreak or other similar outbreaks. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to:
                            our cash flow and cash needs; compliance with applicable law; restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our
                            financial condition or results: and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. Readers should review and consider these factors along
                            with the various disclosures by the Company in its press releases, stockholder reports, and filings with the Securities and Exchange Commission. We disclaim any obligation to update or revise any forward-looking statements to
                            reflect actual results or changes in the factors affecting the forward-looking information. Pro forma amounts are used for illustrative purpose only, are not forecasts, and may not reflect actual results.
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 LOGISTICS GROUP, INC.
(Registrant)
Date: September 30, 2022
By:
/s/ Joey B. Hogan
Joey B. Hogan
President