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    <div style="text-align: center; font-size: 18pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"><u>__________________________________________________________________</u></div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; 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-size: 12pt;">Date of Report (Date of earliest event reported):</div>
    <div style="text-align: center; font-size: 12pt;">December 8, 2019</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"><u>__________________________________________________________________</u></div>
    <div><br>
    </div>
    <div style="text-align: center;"><img width="282" border="0" height="118" src="cgilogo2.jpg"></div>
    <div><br>
    </div>
    <br>
    <div style="text-align: center; line-height: 1.00; font-size: 18pt; font-weight: bold;">CELADON GROUP, INC.</div>
    <div style="text-align: center; line-height: 1.00; font-size: 12pt;">(Exact name of registrant as specified in its charter)</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
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            <div style="text-align: center; line-height: 1.00;">Delaware</div>
          </td>
          <td style="width: 26.64%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.00;">001-34533</div>
          </td>
          <td style="width: 36.24%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.00;">13-3361050</div>
          </td>
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          <td style="width: 37.12%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.00;">(State or other jurisdiction</div>
            <div style="text-align: center; line-height: 1.00;">of incorporation)</div>
          </td>
          <td style="width: 26.64%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.00;">(Commission</div>
            <div style="text-align: center; line-height: 1.00;">File Number)</div>
          </td>
          <td style="width: 36.24%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.00;">(IRS Employer</div>
            <div style="text-align: center; line-height: 1.00;">Identification No.)</div>
          </td>
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    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
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            <div style="text-align: center; line-height: 1.00;">9503 East 33<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> Street</div>
            <div style="text-align: center; line-height: 1.00;">One Celadon Drive, Indianapolis, IN</div>
          </td>
          <td style="width: 48.72%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 1.00;">46235</div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.28%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.00;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 48.72%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.00;">(Zip Code)</div>
          </td>
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    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
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    <div style="text-align: center; line-height: 1.00;">(317) 972-7000</div>
    <div style="text-align: center; line-height: 1.00;">(Registrant&#8217;s telephone number, including area code)</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
    <div style="text-align: justify; line-height: 1.00;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
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          <td style="width: 1.02%; vertical-align: top;">&#160;</td>
          <td style="width: 7.13%; vertical-align: top;">
            <div style="line-height: 1.00;">[&#160;&#160;&#160;]</div>
          </td>
          <td style="width: 91.85%; vertical-align: top;">
            <div style="line-height: 1.00;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 1.02%; vertical-align: top;">&#160;</td>
          <td style="width: 7.13%; vertical-align: top;">
            <div style="line-height: 1.00;">[&#160;&#160;&#160;]</div>
          </td>
          <td style="width: 91.85%; vertical-align: top;">
            <div style="line-height: 1.00;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 1.02%; vertical-align: top;">&#160;</td>
          <td style="width: 7.13%; vertical-align: top;">
            <div style="line-height: 1.00;">[&#160;&#160;&#160;]</div>
          </td>
          <td style="width: 91.85%; vertical-align: top;">
            <div style="line-height: 1.00;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>
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          <td style="width: 1.02%; vertical-align: top;">&#160;</td>
          <td style="width: 7.13%; vertical-align: top;">
            <div style="line-height: 1.00;">[&#160;&#160;&#160;]</div>
          </td>
          <td style="width: 91.85%; vertical-align: top;">
            <div style="line-height: 1.00;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

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    <div><br>
    </div>
    <div>Securities registered pursuant to Section 12(b) of the Act: </div>
    <div> <br>
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          <td style="width: 33.76%; vertical-align: bottom; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: center; line-height: 1.00;">Title of each class</div>
          </td>
          <td style="width: 30.9%; vertical-align: bottom; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: center; line-height: 1.00;">Trading Symbol(s)</div>
          </td>
          <td style="width: 34.32%; vertical-align: bottom; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: center; line-height: 1.00;">Name of each exchange on which registered</div>
          </td>
          <td style="width: 1.02%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 33.76%; vertical-align: bottom; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">&#160;</td>
          <td style="width: 30.9%; vertical-align: bottom; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">&#160;</td>
          <td style="width: 34.32%; vertical-align: bottom; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">&#160;</td>
          <td style="width: 1.02%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.00; margin-top: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule&#160;405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR&#160;240.12b-2).</div>
    <div style="line-height: 1.00;"><br style="line-height: 1.00;">
    </div>
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          <td style="width: 7.21%; vertical-align: top;">
            <div style="line-height: 1; text-indent: 9pt;">[&#160;&#160;&#160;]</div>
          </td>
          <td style="width: 92.79%; vertical-align: top;">
            <div style="line-height: 1.00;">Emerging growth company</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.21%; vertical-align: top;">
            <div style="line-height: 1; text-indent: 9pt;">[&#160;&#160;&#160;]</div>
          </td>
          <td style="width: 92.79%; vertical-align: top;">
            <div style="line-height: 1.00;">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&#160;13(a) of the Exchange Act.</div>
          </td>
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              <td style="width: 58.5pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 1.01</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Entry into a Material Definitive Agreement.</div>
              </td>
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    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">On December 8, 2019, Celadon Group, Inc., a Delaware corporation (the &#8220;<u>Company</u>&#8221;), adopted a form of Indemnification Agreement for members of its Board of Directors (the &#8220;<u>Board</u>&#8221;) and
      entered into Indemnification Agreements with certain of its directors.&#160; The Indemnification Agreements, among other things, provide that the Company will indemnify the director party thereto to the maximum extent permitted by Delaware law, including
      indemnification of expenses such as attorneys&#8217; fees, judgments, penalties, fines, and settlement amounts incurred by such director in any action or proceeding arising out of his or her service as a director.&#160; The Indemnification Agreements contain
      customary terms and conditions including, without limitation, requirements for expense advancement and director and officer liability insurance, and establish certain customary procedures and presumptions relating to indemnification.&#160; The description
      of the Indemnification Agreements set forth in this Item 1.01 does not purport to be complete and is qualified in its entirety by the full text of the form of Indemnification Agreement, which is attached to this report as Exhibit 10.1.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">
      <div style="line-height: normal;"><font style="font-family: 'Times New Roman',Times,serif; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"></font>On
        December 11, 2019, the Company entered into a Debtor in Possession Secured Multi-Draw Term Promissory Note (the &#8220;<u>DIP Promissory Note</u>&#8221;) with Blue Torch Finance, LLC, as Agent, and BTC Holding Fund I, LLC, BTC Holdings Fund I-B, LLC, and BTC
        Holdings SC Fund LLC as lenders.&#160; Under the DIP Promissory Note the lenders agreed to provide the Company with term loans in an aggregate principal amount not exceeding $9,050,000.&#160; The loans will be used to fund the wind down of the Company&#8217;s
        business, as described in Item 1.03 below.&#160; The DIP Promissory Note is guaranteed by substantially all of the Company&#8217;s subsidiaries.</div>
    </div>
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              <td style="width: 58.5pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 1.03</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Bankruptcy or Receivership.</div>
              </td>
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    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">On December 8, 2019, the Company and 25 of its subsidiaries filed a voluntary petition (the &#8220;<u>Bankruptcy Petition</u>&#8221;) for reorganization under Chapter 11 of the U.S. Bankruptcy Code (the &#8220;<u>Bankruptcy

        Code</u>&#8221;) with the U.S. Bankruptcy Court for the District of Delaware (the &#8220;<u>Court</u>&#8221;).&#160; The Company shut down all of its business operations effective as of December 9, 2019.&#160; The shut down does not include the Taylor Express business
      headquartered in Hope Mills, North Carolina (&#8220;<u>Taylor</u>&#8221;), which the Company expects to operate in the ordinary course while the Company explores a going concern sale of Taylor&#8217;s operations.&#160; The Company intends to use the bankruptcy proceedings
      to wind down its global operations under the supervision of the Court.&#160; The Company continues to manage its properties as a &#8220;debtor-in-possession&#8221; under the jurisdiction of the Court and in accordance with the Bankruptcy Code and orders of the Court.</div>
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              <td style="width: 58.5pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 5.02</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</div>
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      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">On December 8, 2019, Kathleen Ross, Michael Miller, and Kenneth Buck resigned from the Board, effective immediately prior to the filing of the Bankruptcy Petition.&#160; These resignations were not due to
      any disagreement with the Company on any matter relating to the Company&#8217;s operations, policies, or practices.</div>
    <div><br>
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              <td style="width: 58.5pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 5.03</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</div>
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    <div><br>
    </div>
    <div style="font-size: 12pt;">On December 8, 2019, the Board amended the Company&#8217;s existing Amended and Restated By-Laws to reduce the minimum number of directors required to serve on the Board from two to one. Resolutions of the Board giving effect to
      the amendment are attached as Exhibit 3.1 to this report.</div>
    <div><br>
    </div>
    <div><font style="font-size: 12pt; font-weight: bold;">Item 9.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 12pt; font-weight: bold;">Financial Statements and Exhibits.</font></div>
    <div><br>
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            <div style="font-size: 12pt; font-weight: bold;">(d)</div>
          </td>
          <td style="width: 14.14%; vertical-align: bottom;">
            <div style="font-size: 12pt; font-weight: bold;">Exhibits.</div>
          </td>
          <td style="width: 3.03%; vertical-align: top;">&#160;</td>
          <td style="width: 76.97%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 5.86%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.14%; vertical-align: bottom;">&#160;</td>
          <td style="width: 3.03%; vertical-align: top;">&#160;</td>
          <td style="width: 76.97%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 5.86%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.14%; vertical-align: bottom;">
            <div style="text-align: center; font-size: 12pt;">EXHIBIT</div>
          </td>
          <td style="width: 3.03%; vertical-align: top;">&#160;</td>
          <td style="width: 76.97%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 5.86%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.14%; vertical-align: bottom;">
            <div style="text-align: center; font-size: 12pt;"><u>NUMBER</u></div>
          </td>
          <td style="width: 3.03%; vertical-align: top;">&#160;</td>
          <td style="width: 76.97%; vertical-align: bottom;">
            <div style="font-size: 12pt;"><u>EXHIBIT DESCRIPTION</u></div>
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          <td style="width: 5.86%; vertical-align: top;">&#160;</td>
          <td style="width: 14.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.03%; vertical-align: top;">&#160;</td>
          <td style="width: 76.97%; vertical-align: top;">&#160;</td>
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          <td style="width: 5.86%; vertical-align: top;">&#160;</td>
          <td style="width: 14.14%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;"><a href="exhibit31.htm">3.1</a></div>
          </td>
          <td style="width: 3.03%; vertical-align: top;">&#160;</td>
          <td style="width: 76.97%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Resolutions amending By-Laws.</div>
          </td>
        </tr>
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          <td style="width: 5.86%; vertical-align: top;">&#160;</td>
          <td style="width: 14.14%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;"><a href="exhibit101.htm">10.1</a></div>
          </td>
          <td style="width: 3.03%; vertical-align: top;">&#160;</td>
          <td style="width: 76.97%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Form of Indemnification Agreement.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; font-size: 12pt; font-style: italic;">The information contained in Item 1.03 hereof contains &#8220;forward-looking statements&#8221; 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, including "expects," "intends," and similar terms and phrases. Forward-looking statements are based upon the current beliefs and expectations of 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.&#160; In this report, statements relating to the continued
        operation or potential sale of Taylor, the wind down of the Company&#8217;s operations, and other expressions of future activities or intent are forward-looking statements.&#160;&#160; Actual results may differ from those set forth in the forward-looking
        statements.&#160; Readers should review and consider factors that could cause actual results to differ from expectations, such as the possibility that Taylor is not sold or its operations are wound down, and various disclosures by the Company in its
        press releases, stockholder reports, and filings with the U.S. Securities and Exchange Commission.</div>
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    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">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>
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            <div style="text-align: justify; font-size: 12pt; font-weight: bold;">CELADON GROUP, INC.</div>
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            <div style="text-align: justify; font-size: 12pt;">Date: December 19<font style="background-color: #FFFFFF;">, 2019</font></div>
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            <div style="text-align: justify; font-size: 12pt;">By:</div>
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          <td style="width: 57%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><font style="font-size: 12pt;">/s/ Chase Welsh</font><br>
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          <td style="width: 57%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-size: 12pt;">Chase Welsh</div>
            <div style="text-align: justify; font-size: 12pt;">Secretary and General Counsel</div>
          </td>
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    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
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            <div style="text-align: center;">EXHIBIT</div>
            <div style="text-align: center;"><u>NUMBER</u></div>
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            <div style="text-align: justify;"><u>EXHIBIT DESCRIPTION</u></div>
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            <div style="text-align: center; font-size: 12pt;"><a href="exhibit31.htm">3.1</a></div>
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            <div style="text-align: justify; font-size: 12pt;">Resolutions amending By-Laws.</div>
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            <div style="text-align: center; font-size: 12pt;"><a href="exhibit101.htm">10.1</a></div>
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          <td style="width: 78.4%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Form of Indemnification Agreement.</div>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 8, 2019
__________________________________________________________________
CELADON GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-34533
13-3361050
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
9503 East 33
rd
Street
One Celadon Drive, Indianapolis, IN
46235
(Address of principal executive offices)
(Zip Code)
(317) 972-7000
(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
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).
[   ]
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 1.01
Entry into a Material Definitive Agreement.
On December 8, 2019, Celadon Group, Inc., a Delaware corporation (the "
Company
"), adopted a form of Indemnification Agreement for members of its Board of Directors (the "
Board
") and
      entered into Indemnification Agreements with certain of its directors.  The Indemnification Agreements, among other things, provide that the Company will indemnify the director party thereto to the maximum extent permitted by Delaware law, including
      indemnification of expenses such as attorneys' fees, judgments, penalties, fines, and settlement amounts incurred by such director in any action or proceeding arising out of his or her service as a director.  The Indemnification Agreements contain
      customary terms and conditions including, without limitation, requirements for expense advancement and director and officer liability insurance, and establish certain customary procedures and presumptions relating to indemnification.  The description
      of the Indemnification Agreements set forth in this Item 1.01 does not purport to be complete and is qualified in its entirety by the full text of the form of Indemnification Agreement, which is attached to this report as Exhibit 10.1.
On
        December 11, 2019, the Company entered into a Debtor in Possession Secured Multi-Draw Term Promissory Note (the "
DIP Promissory Note
") with Blue Torch Finance, LLC, as Agent, and BTC Holding Fund I, LLC, BTC Holdings Fund I-B, LLC, and BTC
        Holdings SC Fund LLC as lenders.  Under the DIP Promissory Note the lenders agreed to provide the Company with term loans in an aggregate principal amount not exceeding $9,050,000.  The loans will be used to fund the wind down of the Company's
        business, as described in Item 1.03 below.  The DIP Promissory Note is guaranteed by substantially all of the Company's subsidiaries.
Item 1.03
Bankruptcy or Receivership.
On December 8, 2019, the Company and 25 of its subsidiaries filed a voluntary petition (the "
Bankruptcy Petition
") for reorganization under Chapter 11 of the U.S. Bankruptcy Code (the "
Bankruptcy

        Code
") with the U.S. Bankruptcy Court for the District of Delaware (the "
Court
").  The Company shut down all of its business operations effective as of December 9, 2019.  The shut down does not include the Taylor Express business
      headquartered in Hope Mills, North Carolina ("
Taylor
"), which the Company expects to operate in the ordinary course while the Company explores a going concern sale of Taylor's operations.  The Company intends to use the bankruptcy proceedings
      to wind down its global operations under the supervision of the Court.  The Company continues to manage its properties as a "debtor-in-possession" under the jurisdiction of the Court and in accordance with the Bankruptcy Code and orders of the Court.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 8, 2019, Kathleen Ross, Michael Miller, and Kenneth Buck resigned from the Board, effective immediately prior to the filing of the Bankruptcy Petition.  These resignations were not due to
      any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On December 8, 2019, the Board amended the Company's existing Amended and Restated By-Laws to reduce the minimum number of directors required to serve on the Board from two to one. Resolutions of the Board giving effect to
      the amendment are attached as Exhibit 3.1 to this report.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
EXHIBIT
NUMBER
EXHIBIT DESCRIPTION
3.1
Resolutions amending By-Laws.
10.1
Form of Indemnification Agreement.
The information contained in Item 1.03 hereof contains "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, including "expects," "intends," and similar terms and phrases. Forward-looking statements are based upon the current beliefs and expectations of 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 continued
        operation or potential sale of Taylor, the wind down of the Company's operations, and other expressions of future activities or intent are forward-looking statements.   Actual results may differ from those set forth in the forward-looking
        statements.  Readers should review and consider factors that could cause actual results to differ from expectations, such as the possibility that Taylor is not sold or its operations are wound down, and various disclosures by the Company in its
        press releases, stockholder reports, and filings with the U.S. Securities and Exchange Commission.
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.
CELADON GROUP, INC.
Date: December 19
, 2019
By:
/s/ Chase Welsh
Chase Welsh
Secretary and General Counsel
EXHIBIT INDEX
EXHIBIT
NUMBER
EXHIBIT DESCRIPTION
3.1
Resolutions amending By-Laws.
10.1
Form of Indemnification Agreement.