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      <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>

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

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      <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_ed7b88b50f204c71a262c4998e83b117" contextRef="c20240621to20240621">8-K</ix:nonNumeric></div>

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      <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>

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

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      <div style="text-align: center;"><img width="475" height="117" src="cvlglogo1.jpg" alt="graphic"/> </div>

      <div style="text-align: center;"><br/>
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      <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>

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              <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>
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    <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>
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    <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>
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    <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>
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    <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>
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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(<ix:nonNumeric name="dei:CityAreaCode" id="Fact_b74ba938ee314637aa80d03f086f8f91" contextRef="c20240621to20240621">423</ix:nonNumeric>) <ix:nonNumeric name="dei:LocalPhoneNumber" id="Fact_770729ef86444b7d8b644d338ed1beb2" contextRef="c20240621to20240621">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><br/>
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      <div><br/></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>

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              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:WrittenCommunications" id="Fact_c339c008025a468dab03723892107707" contextRef="c20240621to20240621" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
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    <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>

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

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    <td style="width: 10.32%; vertical-align: bottom;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:SolicitingMaterial" id="Fact_5effcd21a8b141909bed5192567803d8" contextRef="c20240621to20240621" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
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    <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>

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    <td style="width: 10.32%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#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: 10pt;">&#160;</div>
            </td>

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    <td style="width: 10.32%; vertical-align: bottom;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementTenderOffer" id="Fact_18a24fe82a60470eb979f037e8c05598" contextRef="c20240621to20240621" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
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            </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 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
            </td>

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    <td style="width: 10.32%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#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: 10pt;">&#160;</div>
            </td>

  </tr>

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    <td style="width: 10.32%; vertical-align: bottom;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" id="Fact_74fae966edaf4217bdc2897021702b76" contextRef="c20240621to20240621" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
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            </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>

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

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

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    <td style="width: 100%; vertical-align: bottom;" colspan="2">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</div>
            </td>

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

    <td style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: bottom; width: 31.22%;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Trading Symbol(s)</div>
            </td>

    <td style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: bottom; width: 34.67%;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Name of each exchange on which registered</div>
            </td>

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    <td style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: bottom; width: 34.1%;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:Security12bTitle" id="Fact_fd765ca6ecde437e99cda36d7130d3bd" contextRef="c20240621to20240621">$0.01 Par Value Class A common stock</ix:nonNumeric><br/>
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    <td style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: bottom; width: 31.22%;">
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    <td style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: bottom; width: 34.67%;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:SecurityExchangeName" id="Fact_7920159492e24cb68788896a0593dfab" contextRef="c20240621to20240621">NASDAQ</ix:nonNumeric><br/>
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      <div><br/>
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      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">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><br/>
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    <td style="width: 10.32%; vertical-align: top;">&#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_4eb854a975cc4c59943f1e0fbdf97f3e" contextRef="c20240621to20240621" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></span></div>
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      <div style="text-align: left; 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>

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          <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"/></div>

      </div>

      <div style="margin-bottom: 8pt;"><br/>
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    <td style="width: 12.03%; 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: 87.97%; vertical-align: top;" colspan="2">
              <div style="text-align: justify; 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>

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    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 87.97%; vertical-align: top;" colspan="2">&#160;</td>

  </tr>

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    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 87.97%; vertical-align: top;" colspan="2">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On June 21, 2024, <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">the Compensation Committee (the &#8220;Compensation
                  Committee&#8221;) of the Board of Directors of Covenant Logistics Group, Inc., a Nevada corporation (the &#8220;Company&#8221;), </span>approved new annualized base salaries for certain of the Company&#8217;s named executive officers, effective June 24, 2024,
                as follows:</div>
            </td>

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    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 87.97%; vertical-align: top;" colspan="2">&#160;</td>

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    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="text-decoration: underline;">Named Executive Officer</span></div>
            </td>

    <td style="width: 43.24%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="text-decoration: underline;">New Annualized Base Salary</span></div>
            </td>

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    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">M. Paul Bunn</div>
            </td>

    <td style="width: 43.24%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$700,000</div>
            </td>

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    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">James &#8220;Tripp&#8221; S. Grant</div>
            </td>

    <td style="width: 43.24%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$425,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">&#160;</td>

    <td style="width: 43.24%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 87.97%; vertical-align: top;" colspan="2">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On June 21, 2024, the Compensation Committee approved a long-term incentive plan (the &#8220;2024 Long-Term Incentive Plan&#8221;) in which certain of the
                Company&#8217;s named executive officers received an aggregate target award equivalent to the following amounts:</div>
            </td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">&#160;</td>

    <td style="width: 43.24%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="text-decoration: underline;">Named Executive Officer</span></div>
            </td>

    <td style="width: 43.24%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">
                <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: bold;"><span style="text-decoration: underline;">Target Award Amount</span></div>
              </div>
            </td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">David R. Parker</div>
            </td>

    <td style="width: 43.24%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$2,500,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">M. Paul Bunn</div>
            </td>

    <td style="width: 43.24%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$1,000,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">James &#8220;Tripp&#8221; S. Grant</div>
            </td>

    <td style="width: 43.24%; vertical-align: top;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$500,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 44.73%; vertical-align: top;">&#160;</td>

    <td style="width: 43.24%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 12.03%; vertical-align: top;">&#160;</td>

    <td style="width: 87.97%; vertical-align: top;" colspan="2">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">These participants received Class A restricted stock units (&#8220;RSUs&#8221;) equivalent to the target award amount above, except the Compensation
                Committee decided to issue Mr. Parker&#8217;s award in cash given his significant stock holdings that align with stockholder value creation. The awards may be earned as follows: (A) 25% upon the Company&#8217;s attainment of a three-year cumulative
                adjusted earnings per share (&#8220;Adjusted EPS&#8221;) goal for the performance period ended December 31, 2027, (B) 25% upon the Company&#8217;s attainment of a three-year average annual return on invested capital (&#8220;ROIC&#8221;) goal for the performance period
                ended December 31, 2027, (C) 16.67% for continued service through July 1, 2025, (D) 16.67% for continued service through July 1, 2026, and (E) 16.67% for continued service through July 1, 2027. The portions of the award attributable to the
                Adjusted EPS and ROIC goals have a threshold payout of 50% of the target and a maximum payout of 200% of the target.</div>
              <div>&#160;</div>
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On June 21, 2024, the Compensation Committee changed Mr. Grant&#8217;s bonus target, expressed as a percentage of year-end annualized base salary,
                under the previously disclosed 2024 Executive Bonus Program to 70.0%.</div>
            </td>

  </tr>


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

      <div><br/>
      </div>

      <div style="text-align: left; text-indent: 24pt; 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><br/>
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      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">


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    <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>

    <td colspan="2" style="width: 61.64%; vertical-align: bottom;">
              <div style="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: 38.36%; vertical-align: bottom;">&#160;</td>

    <td colspan="2" style="width: 61.64%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">(Registrant)</div>
            </td>

  </tr>

  <tr>

    <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>

    <td style="width: 4.7%; vertical-align: bottom;">&#160;</td>

    <td style="width: 56.94%; vertical-align: bottom;">&#160;</td>

  </tr>

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    <td style="width: 38.36%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Date: June 27, 2024</div>
            </td>

    <td style="width: 4.7%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">By:</div>
            </td>

    <td style="width: 56.94%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">/s/ James S. Grant</div>
            </td>

  </tr>

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    <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>

    <td style="width: 4.7%; vertical-align: bottom;">&#160;</td>

    <td style="width: 56.94%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">James S. Grant</div>
            </td>

  </tr>

  <tr>

    <td style="width: 38.36%; vertical-align: bottom;">&#160;</td>

    <td style="width: 4.7%; vertical-align: bottom;">&#160;</td>

    <td style="width: 56.94%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Executive Vice President and Chief Financial Officer</div>
            </td>

  </tr>


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

      <div><br/>
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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):
June 21, 2024
___________________________________________________________________
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
,
Tennessee
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
NASDAQ
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 June 21, 2024,
the Compensation Committee (the "Compensation
                  Committee") of the Board of Directors of Covenant Logistics Group, Inc., a Nevada corporation (the "Company"),
approved new annualized base salaries for certain of the Company's named executive officers, effective June 24, 2024,
                as follows:
Named Executive Officer
New Annualized Base Salary
M. Paul Bunn
$700,000
James "Tripp" S. Grant
$425,000
On June 21, 2024, the Compensation Committee approved a long-term incentive plan (the "2024 Long-Term Incentive Plan") in which certain of the
                Company's named executive officers received an aggregate target award equivalent to the following amounts:
Named Executive Officer
Target Award Amount
David R. Parker
$2,500,000
M. Paul Bunn
$1,000,000
James "Tripp" S. Grant
$500,000
These participants received Class A restricted stock units ("RSUs") equivalent to the target award amount above, except the Compensation
                Committee decided to issue Mr. Parker's award in cash given his significant stock holdings that align with stockholder value creation. The awards may be earned as follows: (A) 25% upon the Company's attainment of a three-year cumulative
                adjusted earnings per share ("Adjusted EPS") goal for the performance period ended December 31, 2027, (B) 25% upon the Company's attainment of a three-year average annual return on invested capital ("ROIC") goal for the performance period
                ended December 31, 2027, (C) 16.67% for continued service through July 1, 2025, (D) 16.67% for continued service through July 1, 2026, and (E) 16.67% for continued service through July 1, 2027. The portions of the award attributable to the
                Adjusted EPS and ROIC goals have a threshold payout of 50% of the target and a maximum payout of 200% of the target.
On June 21, 2024, the Compensation Committee changed Mr. Grant's bonus target, expressed as a percentage of year-end annualized base salary,
                under the previously disclosed 2024 Executive Bonus Program to 70.0%.
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: June 27, 2024
By:
/s/ James S. Grant
James S. Grant
Executive Vice President and Chief Financial Officer