VAN BUREN, Ark.--(BUSINESS WIRE)--USA Truck, Inc. (NASDAQ:USAK), a leading capacity solutions provider
headquartered in Van Buren, AR, today announced that Vadim Perelman has
resigned from the Company’s board of directors, effective today.
Mr. Perelman’s resignation was delivered in accordance with the terms of
the 2015 Cooperation Agreement between USA Truck and Baker Street
Capital Management, LLC. The agreement provided that if shares
beneficially owned by Baker Street fell below 10% of the outstanding
shares of the Company as a result of a secondary offering of Baker
Street’s shares conducted in accordance with the agreement, Mr. Perelman
would tender his resignation from the board of directors.
Mr. Perelman, a managing member of Baker Street, served as a director of
USA Truck since May 2014.
About USA Truck
USA Truck is a capacity solutions provider of transportation and
logistics services that include truckload, dedicated contract carriage,
intermodal and brokerage spot market throughout the continental United
States, Mexico and Canada.
This press release and related information will be available to
interested parties at our web site, www.usa-truck.com,
under the "News Releases" tab of the "Investors" menu.
