This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Knight Transportation Announces Quarterly Cash Dividend, Additional Members Of Senior Management Team And Board Of Directors

Knight Transportation, Inc. (NYSE: KNX) announced today that its Board of Directors has declared the company’s quarterly cash dividend of $0.06 per share of common stock. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company’s financial performance.

The company’s dividend is payable to shareholders of record on June 1, 2012 and is expected to be paid on June 29, 2012.

In additional news, the company also announced the appointment, effective immediately, of the following individuals to its senior management team and Board of Directors:

Mr. Adam Miller has been appointed Chief Financial Officer. Mr. Miller brings substantial breadth and depth of experience in our business to his expanded role as CFO. Mr. Miller was Controller of Knight Refrigerated, LLC during its most rapid growth phase, including the acquisitions of Edwards Brothers and Roads West. He gained additional operating insight as financial officer for our Northeast U.S. region. For the past fifteen (15) months, Mr. Miller has served as Senior Vice President of Accounting and Finance, Secretary and Treasurer, and has overseen all of our financial reporting, accounting, and treasury functions. With growth opportunities accelerating across many of our business units, we believe this is an opportune time for Mr. Miller to officially assume the CFO role and title and permit Mr. Dave Jackson to concentrate on our growth initiatives.

Mr. Richard C. Kraemer has been elected as Director to Knight Transportation’s Board of Directors. Mr. Kraemer is President of Chartwell Capital Inc., a private investment company. From 1975 to March 1996, Mr. Kraemer served as an officer of UDC Homes. He became a Director and President in 1985 and Chief Executive Officer in 1994. Mr. Kraemer served on the Board of Directors of America West Airlines beginning in 1992, joining the Board of Directors of US Airways after the merger with America West Airlines in 2005. He is Chairman of US Airways Corporate Governance Committee and serves on the Compensation Committee and Audit Committee.

Stock quotes in this article: KNX 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs