Robert Bosworth - Covenant Logistics Lead Independent Director

CV5 Stock  EUR 53.00  0.00  0.00%   

Director

Mr. Robert E. Bosworth is an Lead Independent Director of Covenant Transportation Group Inc. Mr. Bosworth has served as a director since 1998 and currently serves as Chair of our Audit Committee, a member of our Compensation Committee, and our Lead Independent Director. Mr. Bosworth served as a director of Chattem, Inc., a consumer products company from 1986 to 2010 and served on its audit committee from 1998 to 2005 and on its compensation committee from 2002 to 2005. From September 2005 until his retirement in July 2012, Mr. Bosworth served as the President and Chief Operating Officer of Chattem, Inc. Mr. Bosworth has also held directorships with several forprofit and nonprofit organizations, as well as served as Vice President of Hamico, Inc since 2018.
Age 71
Tenure 6 years
Professional MarksMBA
Phone423 821 1212
Webhttps://www.covenantlogistics.com
Bosworth holds an M.B.A. in finance. The Board believes Mr. Bosworth services on the Chattem, Inc. board and on the boards of several other organizations have provided him with significant insight into board processes, functions, exercise of diligence, and oversight of management, and this knowledge benefits the Board. The Board also believes Mr. Bosworth financial background, including his experience handling all financial functions of Chattem, Inc. and his familiarity and experience with applicable laws and regulations governing the preparation of financial statements filed with the SEC from when Chattem, Inc. was publicly traded, adds value to the Company Audit Committee and Board. The Board believes Mr. Bosworth extensive executive, director, business, and financial reporting experience make him highly qualified to serve as our Lead Independent Director and as Chair of the Audit Committee.

Covenant Logistics Management Efficiency

The company has return on total asset (ROA) of 0.0758 % which means that it generated a profit of $0.0758 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2958 %, meaning that it generated $0.2958 on every $100 dollars invested by stockholders. Covenant Logistics' management efficiency ratios could be used to measure how well Covenant Logistics manages its routine affairs as well as how well it operates its assets and liabilities.
Covenant Logistics Group has accumulated 20.35 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Covenant Logistics has a current ratio of 1.1, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Covenant Logistics until it has trouble settling it off, either with new capital or with free cash flow. So, Covenant Logistics' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Covenant Logistics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covenant to invest in growth at high rates of return. When we think about Covenant Logistics' use of debt, we should always consider it together with cash and equity.

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Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee. COVENANT LOG operates under Trucking classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4900 people. Covenant Logistics Group (CV5) is traded on Frankfurt Exchange in Germany and employs 28 people.

Management Performance

Covenant Logistics Leadership Team

Elected by the shareholders, the Covenant Logistics' board of directors comprises two types of representatives: Covenant Logistics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Covenant. The board's role is to monitor Covenant Logistics' management team and ensure that shareholders' interests are well served. Covenant Logistics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Covenant Logistics' outside directors are responsible for providing unbiased perspectives on the board's policies.
M Bunn, Executive Vice President Chief Accounting Officer, Treasurer
W Welborn, Independent Director
James Heartfield, Chief Human Resource Officer, General Counsel
Samuel Hough, Executive Vice President and Chief operating officer of CTI
Lynn Doster, Ex Operations
John Tweed, Chief Operating Officer of Landair, Executive Vice President
T Rogers, Executive Vice President Chief Transformation Officer
Joey Ballard, Ex Safety
James Grant, Chief Accounting Officer, Corporate Controller
Paul Bunn, Chief Accounting Officer, Treasurer
David Parker, Chairman of the Board, Chief Executive Officer
Joey Hogan, Co-President, Chief Administrative Officer
Matthew Anderson, VP Marketing
James III, Ex CFO
Rachel ParkerHatchett, Director
William Alt, Independent Director
Herbert Schmidt, Independent Director
Richard Cribbs, Chief Financial Officer, Executive Vice President, Principal Accounting Officer
Bradley Moline, Independent Director
James ESQ, G Counsel
D Kramer, Director
Robert Bosworth, Lead Independent Director

Covenant Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Covenant Logistics a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Covenant Stock

Covenant Logistics financial ratios help investors to determine whether Covenant Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Covenant with respect to the benefits of owning Covenant Logistics security.