Pam Transportation Services Inc – ‘10-Q’ for 3/31/02 – EX-3.1

On:  Wednesday, 5/15/02, at 3:55pm ET   ·   For:  3/31/02   ·   Accession #:  798287-2-5   ·   File #:  0-15057

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Ptsi 1st Qtr 2002 10-Q                                11     73K 
 2: EX-3.1      Articles of Incorporation/Organization or By-Laws      3±    13K 
 3: EX-3.2      Articles of Incorporation/Organization or By-Laws     13±    53K 
 4: EX-11.1     Statement re: Computation of Earnings Per Share        2±     8K 

EX-3.1   —   Articles of Incorporation/Organization or By-Laws

EXHIBIT 3.1                                                                     

CERTIFICATE OF INCORPORATION, AS AMENDED
OF
P.A.M. TRANSPORTATION SERVICES, INC.

1.  The  name  of  the  corporation  is  P.A.M.  Transportation  Services,  Inc.

2.  The address of its registered office in the State of Delaware is Corporation
Trust  Center  1209  Orange  Street,  in  the  City of Wilmington, County of New
Castle.  The  name  of  the  registered agent at such address is The Corporation
Trust  Company.                                                                 

3.  The  nature  of  the  business  or purpose to be conducted or promoted is to
engage in any lawful act of activity to which corporation may be organized under
the  General  Corporation  Law  of  Delaware.                                   

4.  The  corporation  shall have authority to issue 50,000,000 shares of capital
stock,  consisting  of  40,000,000 shares of common stock, having a par value of
$.01  per  share,  designated "common stock," and 10,000,000 shares of preferred
stock,  having  a  par  value  of  $.01 per share, designated "preferred stock."

Authority  is  hereby  expressly  granted to the Board of Directors from time to
time  to issue the Preferred stock as Preferred stock of one or more series and,
in  connection  with  the  creation  of any such series, to fix by resolution or
resolutions  providing  for the issue of such shares of the designation, powers,
preferences,  and  relative, participating, optional, or other special rights of
such  series, and the qualifications, limitations, or restrictions thereof. Such
authority  of  the Board of Directors with respect to each series shall include,
but  not  be  limited  to,  the  determination  of  the  following:             

(a)  the  distinctive  designation of, and the number of shares comprising, such
series,  which  number  may be increased (except where otherwise provided by the
Board  of Directors in creating such series) from time to time by like action of
the  Board  of  Directors;                                                      

(b)  the  dividend  rate  or  amount for such series, if any, the conditions and
dates  upon  which dividends shall be payable, the relation which such dividends
therein shall bear to the dividends payable on any other class or classes or any
other  series of any class or classes of stock, and whether such dividends shall
be  cumulative  or  non-cumulative;                                             

(c)  whether  or not the shares or such series shall be subject to redemption by
the  corporation  and  the  times, prices and other terms and conditions of such
redemption;                                                                     

(d)  whether  or not the shares of such series shall be subject to the operation
of  a  sinking fund or purchase fund to be applied to the redemption or purchase
of  such  shares  and, if such a fund be established, the amount thereof and the
terms  and  provisions  relative  to  the  application  thereof;                

(e)  whether  or not the shares of such series shall have voting rights, and, if
they  are  to  have  voting  rights,  the  extent  thereof;                     

(f)  the  rights  of  the shares of such series in the event of any liquidation,
dissolution,  or  winding  up of the corporation or upon any distribution of its
assets;  and                                                                    

(g)  any  other  powers,  preferences,  and relative participating, optional, or
other  special  rights  of  the  shares  of such series, and the qualifications,
limitations,  or  restrictions  thereof,  to  the  full  extent now or hereafter
permitted  by  law  and  nonconsistent  with  the  provisions  hereof.          

5.  The  corporation  is  to  have  perpetual  existence.                       

6.  Whenever  a  compromise  or arrangement is proposed between this corporation
and  its  creditors or any class of them and/or between this corporation and its
stockholders  or  any  class of them, any court of equitable jurisdiction within
the  State  of  Delaware  may,  on  the  application  in  a  summary way of this
corporation  or  of any creditor of stockholder thereof or on the application of
any receiver or receivers appointed for this corporation under the provisions of
Section 291 of Title 8 of the Delaware Code or on the application of trustees in
dissolutions  or of any receiver or receivers appoint for this corporation under
the provisions of Section 279 of Title 8 of the Delaware Code order a meeting of
the  creditors  or  class  of  creditors, and/or of the stockholders or class of
stockholders  of  this  corporation,  as the case may be, to be summoned in such
manner  as  the  said  court  directors.  If  a  majority in number representing
three-fourths  in  value  of  the  creditors or class of creditors and/or of the
stockholders  or  class of stockholders of this corporation, as the case may be,
agree  to  any  compromise  or  arrangement  and  to  any reorganization of this
corporation  as  consequence  of  such  compromise  or  arrangement,  the  said 
compromise  or  arrangement  and the said reorganization shall, if sanctioned by
the  court  to  which  the said application has been made, be binding on all the
creditors  or  class  of  creditors,  and/or on all the stockholders or class of
stockholders,  of  this  corporation,  as  the  case  may  be,  and also on this
corporation.                                                                    

7.  No  director  of  the  corporation shall be liable to the corporation or its
stockholders  for  monetary  damages for breach of fiduciary duty as a director,
except for liability (i) for any breach of the director's duty of loyalty to the
corporation or its stockholders, (ii) for acts or omissions not in good faith or
which  involve intentional misconduct or a knowing violation of law, (iii) under
Section 174 of the Delaware General Corporation Law, or (iv) for any transaction
from  which  the  director  derived  an  improper  personal  benefit.           

8.  In furtherance and not in limitation of the powers conferred by statute, the
Board  of Directors is expressly authorized to make, alter or repeal the by-laws
of  the  corporation.                                                           

9.  Election  of  the directors need not be by written ballot unless the by-laws
of  the  corporation  shall  so  provide.                                       

10. Meetings  of  stockholders  may  be  held  within  or  without  the State of
Delaware,  as  the by-laws may provide. The books of the corporation may be kept
(subject  to  any  provision  contained  in  the  statutes) outside the State of
Delaware  at  such place or places as may be designated from time to time by the
Board  of  Directors  of  any  by-laws  of  the  corporation.                   

11. The  corporation  reserves  the  right to amend, alter, change or repeal any
provision  contained  in this Certificate of Incorporation, in the manner now or
hereafter  prescribed  by  statute,  and  all rights conferred upon stockholders
herein  are  granted  subject  to  this  reservation.                           

12. A.  The  Board of Directors of the corporation, when evaluating any offer to
another  individual, firm, corporation, or other entity ("Person") (a) to make a
tender  or  exchange  offer  for  any equity security of the corporation, (b) to
merge  or consolidate the corporation with such other person, or (c) to purchase
or  otherwise  acquire  all or substantially all of the properties and assets of
the corporation ("Acquisition Proposal"), shall, in connection with the exercise
of  its  business  judgment  in  determining what is in the best interest of the
corporation  and  its  stockholders,  give  due  consideration  to  all relevant
factors,  including  without  limitation, the consideration being offered in the
Acquisition  Proposal  in  relation  to  the  then  current  market price of the
corporation's  stock,  but  also  in  relation  to the then current value of the
corporation  in  a freely negotiated transaction and in relation to the Board of
Directors'  then  estimate  of  the  future  value  of  the  corporation  as  an
independent entity, the social and economic effects on the employees, customers,
suppliers,  and  other constituents of the corporation and on the communities in
which  the  corporation  and  its  subsidiaries  operate  or are located and the
desirability  of  maintaining  independence  from any other business or business
entity.                                                                         

B.     No  amendment  to  this  Amended  and  Restated  Certificate  of 
Incorporation shall amend, alter, change or repeal any of the provisions of this
Article 12, unless such amendment, in addition to receiving any shareholder vote
or  consent required by the laws of the State of Delaware in effect at the time,
shall  receive  the  affirmative  vote or consent of the holders of seventy-five
percent  (75%) of the outstanding shares of stock of the corporation entitled to
elect  Directors.                                                               

16 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/13/24  Pam Transportation Services Inc.  10-K       12/31/23   97:7.9M                                   RDG Filings/FA
10/31/23  Pam Transportation Services Inc.  10-Q        9/30/23   66:4.6M                                   RDG Filings/FA
 7/31/23  Pam Transportation Services Inc.  10-Q        6/30/23   64:4.3M                                   RDG Filings/FA
 5/02/23  Pam Transportation Services Inc.  10-Q        3/31/23   64:3.8M                                   RDG Filings/FA
 3/10/23  Pam Transportation Services Inc.  10-K       12/31/22   95:7.6M                                   RDG Filings/FA
10/28/22  Pam Transportation Services Inc.  10-Q        9/30/22   67:4.7M                                   RDG Filings/FA
 8/05/22  Pam Transportation Services Inc.  10-Q        6/30/22   68:4.6M                                   RDG Filings/FA
 5/06/22  Pam Transportation Services Inc.  10-Q        3/31/22   63:3.8M                                   RDG Filings/FA
 3/11/22  Pam Transportation Services Inc.  10-K       12/31/21   91:7.4M                                   RDG Filings/FA
11/05/21  Pam Transportation Services Inc.  10-Q        9/30/21   62:4.3M                                   RDG Filings/FA
 8/06/21  Pam Transportation Services Inc.  10-Q        6/30/21   63:4.2M                                   RDG Filings/FA
 6/29/21  Pam Transportation Services Inc.  S-3                    4:883K                                   RDG Filings/FA
 5/07/21  Pam Transportation Services Inc.  10-Q        3/31/21   61:3.6M                                   RDG Filings/FA
 3/05/21  Pam Transportation Services Inc.  10-K       12/31/20   95:8.4M                                   RDG Filings/FA
11/06/20  Pam Transportation Services Inc.  10-Q        9/30/20   64:4.9M                                   RDG Filings/FA
 8/06/20  Pam Transportation Services Inc.  10-Q        6/30/20   62:4.3M                                   RDG Filings/FA