As filed with the Securities and Exchange Commission on November 19, 1998 Registration No. 333-________ SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Covenant Transport, Inc. (Exact name of registrant as specified in its charter) Nevada 88-0320154 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 400 Birmingham Highway, Chattanooga, Tennessee 37419 (Address of Principal Executive Offices) (Zip Code) Covenant Transport, Inc. 1998 Non-Officer Incentive Stock Plan (Full title of the plan) David R. Parker Chairman, President, and Chief Executive Officer Covenant Transport, Inc. 400 Birmingham Highway Chattanooga, Tennessee 37419 (423)821-5442 (Name, address, and telephone number of agent for service) With Copies To: Mark A. Scudder Scudder Law Firm, P.C. 411 South 13th Street, Suite 200 Lincoln, Nebraska 68508 (402) 435-3223 Approximate date of proposed commencement date of sales pursuant to the plan: as soon as practicable after the effective date of this registration statement. CALCULATION OF REGISTRATION FEE Proposed maximum Proposed maximum Title of securities to be Amount to be offering price aggregate offering Amount of registered registered share price registration fee Class A Common Stock 200,000 shares $16.3125 <F1> $3,262,500 <F1> $907 ($0.01 par value) <FN> <F1> Estimated pursuant to Rule 457(c) of the Securities Act of 1933, as amended (the "Securities Act") solely for purposes of calculating the registration fee. The price is based upon the average of high and low prices of Covenant Transport, Inc. Class A Common Stock on November 18, 1998, as reported on The Nasdaq National Market. </FN> Page 1 of 5 pages PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS The documents containing the information specified in Part I, Items 1 and 2, will be delivered to employees in accordance with Form S-8 and Rule 428 under the Securities Act. PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE The following documents previously filed by the Registrant with the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are hereby incorporated by reference in this Registration Statement: a. The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1997; b. The Registrant's Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 1998, June 30, 1998, and September 30, 1998; and c. The description of the Registrant's Class A Common Stock contained under the caption Description of Registrant's Securities to be Registered in the Registrant's registration statement on Form 8-A filed September 30, 1994, which incorporates by reference the information under the heading Description of Capital Stock in the prospectus dated October 28, 1994, included in the Registrant's Registration Statement on Form S-1 (No. 33-82978, effective October 28, 1994), including any amendment or report filed for the purpose of updating such description. All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of filing of such documents. ITEM 4. DESCRIPTION OF SECURITIES Not applicable. ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL Not applicable. ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS Article VII of the Registrant's Articles of Incorporation ("Articles") and Article X of the Registrant's Bylaws provide that the Registrant's directors and officers shall be indemnified against liabilities they may incur while serving in such capacities to the fullest extent allowed by the Nevada General Corporation Law. Under these indemnification provisions, the Registrant is required to indemnify Page 2 of 5 pages its directors and officers against any reasonable expenses (including attorneys' fees) incurred by them in the defense of any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, to which they were made a party, or in defense of any claim, issue, or matter therein, by reason of the fact that they are or were a director or officer of the Registrant or while a director or officer of the Registrant are or were serving at the Registrant's request as a director, officer, partner, trustee, employee, or agent of another corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise unless it is ultimately determined by a court of competent jurisdiction that they failed to act in a manner they believed in good faith to be in, or not opposed to, the best interests of the Registrant, and with respect to any criminal proceeding, had reasonable cause to believe their conduct was lawful. The Registrant will advance expenses incurred by directors or officers in defending any such action, suit, or proceeding upon receipt of written confirmation from such officers or directors that they have met certain standards of conduct and an undertaking by or on behalf of such officers or directors to repay such advances if it is ultimately determined that they are not entitled to indemnification by the Registrant. The Articles provide that the Registrant may, through indemnification agreements, insurance, or otherwise, provide additional indemnification. The Registrant has entered into indemnification agreements with its directors and officers, pursuant to which the Registrant agrees to indemnify such persons to the maximum extent against expense or loss arising from any action, suit, or proceeding brought by reason of the fact that any person is a director or officer of the Registrant. Article VI of the Registrant's Articles eliminates, to the fullest extent permitted by law, the liability of directors and officers for monetary or other damages for breach of fiduciary duties to the Registrant and its stockholders as a director or officer. ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED Not applicable. ITEM 8. EXHIBITS Exhibit No. Exhibit 4.1 Restated Articles of Incorporation of Covenant Transport, Inc. (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1, File No. 33-82978 (the "Form S-1")). 4.2 Amended Bylaws of Covenant Transport, Inc. (incorporated by reference to Exhibit 3.2 to the Form S-1). 5 Opinion of Scudder Law Firm, P.C. as to the validity of the shares of Class A Common Stock, par value $0.01 per share.* 23.1 Consent of PricewaterhouseCoopers LLP* 23.2 Consent of Scudder Law Firm, P.C. (contained in Exhibit 5 hereto). 24 Power of Attorney* 99 Covenant Transport, Inc. 1998 Non-Officer Incentive Stock Plan* * Filed herewith Page 3 of 5 pages ITEM 9. UNDERTAKINGS a. Rule 415 Offering. The Registrant hereby undertakes: 1. To file, during any period in which offers or sales are being made, a post- effective amendment to this registration statement: (i) To include any prospectus required by Section 10(a)(3) of the Securities Act; (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; Provided, however, that paragraph (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement. 2. That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. 3. To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. b. Filing incorporating subsequent Exchange Act documents by reference. The Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. c. Request for acceleration of effective date or filing of registration statement on Form S-8. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any action, suit, or proceeding) is asserted by such director, officer, or controlling person in connection with the securities being registered, the Page 4 of 5 pages Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. SIGNATURES The Registrant. Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunder duly authorized, in the City of Chattanooga, State of Tennessee November 19, 1998. COVENANT TRANSPORT, INC. By: /s/ Heidi Hornung Scherr, attorney-in-fact David R. Parker, Chairman of the Board, President, and Chief Executive Officer Signature Title Date Chairman of the Board, President, and /s/ Heidi Hornung Scherr, attorney-in-fact Chief Executive Officer (principal November 19, 1998 David R. Parker executive officer) /s/ Heidi Hornung Scherr, attorney-in-fact Treasurer and Chief Financial Officer November 19, 1998 Joey B. Hogan (principal financial and accounting officer) /s/ Heidi Hornung Scherr, attorney-in-fact R. H. Lovin, Jr. Director November 19, 1998 /s/ Heidi Hornung Scherr, attorney-in-fact Michael W. Miller Director November 19, 1998 /s/ Heidi Hornung Scherr, attorney-in-fact William T. Alt Director November 19, 1998 /s/ Heidi Hornung Scherr, attorney-in-fact Hugh O. Maclellan, Jr. Director November 19, 1998 /s/ Heidi Hornung Scherr, attorney-in-fact Mark A. Scudder Director November 19, 1998 /s/ Heidi Hornung Scherr, attorney-in-fact Robert E. Bosworth Director November 19, 1998 Page 5 of 5 pages Exhibit No. Exhibit 4.1 Restated Articles of Incorporation of Covenant Transport, Inc. (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1, File No. 33-82978 (the "Form S-1")). 4.2 Amended Bylaws of Covenant Transport, Inc. (incorporated by reference to Exhibit 3.2 to the Form S-1). 5 Opinion of Scudder Law Firm, P.C. as to the validity of the shares of Class A Common Stock, par value $0.01 per share.* 23.1 Consent of PricewaterhouseCoopers LLP* 23.2 Consent of Scudder Law Firm, P.C. (contained in Exhibit 5 hereto). 24 Power of Attorney* 99 Covenant Transport, Inc. 1998 Non-Officer Incentive Stock Plan* * Filed herewith