On August 4, 2020, the Board of Directors of P.A.M. Transportation Services, Inc. appointed Joseph A. Vitiritto to serve as the Company's new President and Chief Executive Officer beginning August 18, 2020. Mr. Vitiritto succeeds the Company's former President and Chief Executive Officer, Daniel H. Cushman, who retired effective May 1, 2020, and Matthew T. Moroun, who has served as interim CEO since May 1, 2020. Mr. Moroun will remain as Chairman of the Board of the Company. In connection with his employment as President of the Company, Mr. Vitiritto has been appointed by the Board as a director of the Company to fill the vacant position previously held by Mr. Cushman, effective August 18, 2020. Mr. Vitiritto has also been appointed to the Executive Committee of the Board. Mr. Vitiritto, age 49, has served as Senior Vice President of Pricing and Network Design for Knight-Swift Transportation Holdings, Inc. since May 2019. Prior to assuming that role, Mr. Vitiritto served in various managerial capacities for Knight-Swift and its predecessor, Knight Transportation, Inc., beginning in 2003, including most recently as Senior Vice President of Operations - Swift Transition Team and Senior Vice President of Human Resources. He has over 25 years of experience in the transportation industry. Mr. Vitiritto's significant operational experience and expertise in the transportation industry and future knowledge of the day-to-day management of the Company will bring valuable insight to the Company's Board of Directors.