USA Truck, Inc. (NASDAQ: USAK), a leading North American transportation
and logistics provider, today announced the appointment of Alexander D.
Greene to its Board of Directors. With the addition of Mr. Greene, the
USA Truck Board expands to 10 members.
Mr. Greene brings over 30 years of corporate finance and private equity
experience to the Board of USA Truck. He was most recently a Managing
Partner and head of U.S. Private Equity at Brookfield Asset Management,
a global asset manager with over $175 billion of assets under
management. At Brookfield, he led a team that invested in companies
where operational improvement and strategic guidance were primary
drivers of value creation.
USA Truck Chairman Robert A. Peiser commented, “I have known and worked
with Alex for many years, and we are delighted to have him join our
Board. We believe the financial, business and strategic acumen he has
demonstrated throughout his distinguished career will be extremely
valuable to USA Truck as we work to further improve the Company’s
financial performance and create long-term shareholder value.”
Prior to joining Brookfield, Mr. Greene served as an investment banker
to large- and mid-cap businesses, boards of directors and other
constituencies, focusing on leveraged finance, merger and acquisition
and recapitalization transactions. His positions included serving as a
Managing Director and co-head of Carlyle Strategic Partners and as a
Managing Director of Wasserstein Perella & Co. Mr. Greene is a director
of CWC Energy Services, a provider of drilling and service rigs and
other services to oil and gas producers in Canada. He previously served
on the Board of Longview Fibre Paper & Packaging, Inc.
Separately, pursuant to the Cooperation Agreement announced by USA Truck
on May 23, 2014 with United Shareholders for the Benefit of USAK, as
well as its constituent stakeholders, Baker Street Capital Management,
LLC and Stone House Capital Management, LLC, Vadim Perelman, Managing
Partner and CIO of Baker Street Capital, and Thomas Glaser were
appointed to the Company’s Board of Directors. Their appointments were
effective on the same date as the appointment of Mr. Greene.
Safe Harbor Statement
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, as
identified by ‘believe’. Such forward-looking statements are made
pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are
inherently uncertain and subject to significant risks and uncertainties,
some of which cannot be predicted or quantified, particularly those
identified in the Risk Factor section of our most recent annual report
Form 10-K as those risk factors may be updated from time to time. As a
result of these and other factors, actual results may differ materially
from those set forth in, contemplated by, or underlying the
forward-looking statements. The Company makes no commitment and
disclaims any obligation to update or revise any forward-looking
statements to reflect actual results or changes in the factors affecting
the forward-looking information.
References to the “Company,” “we,” “us,” “our” and words of similar
import refer to USA Truck, Inc. and its subsidiary.
About USA Truck
USA Truck is a transportation and logistics provider headquartered in
Van Buren, Arkansas, with terminals, offices and staging facilities
located throughout the United States. We transport commodities
throughout the continental U.S. and into and out of portions of Canada.
We also transport general commodities into and out of Mexico by allowing
through-trailer service from our terminal in Laredo, Texas. Our
Strategic Capacity Solutions and Intermodal service offerings provide
customized transportation solutions using the latest technological tools
available and multiple modes of transportation.
