USA Truck, Inc. (NASDAQ: USAK) announced today that John Simone has been
appointed President and Chief Executive Officer and has joined the
Company’s Board of Directors. Former CEO Cliff Beckham has returned to
his previous role as the Company’s Executive Vice President and Chief
Financial Officer, which he previously held from 2002 to 2007. Both
changes are effective immediately.
Mr. Simone has over 30 ears of operational andmore...
USA Truck, Inc. (NASDAQ: USAK) today announced base revenue of $107.1
million for the quarter ended December 31, 2012, an increase of 6.8%
from $100.3 million for the same quarter of 2011. We incurred a net loss
of $3.1 million, $0.30 per share, for the quarter ended December 31,
2012, compared to a net loss of $4.4 million, $0.42 per share, for the
same quarter of 2011.
Base revenue decreased 0.6% to $408.7 million for the twelvemore...
USA Truck, Inc. (NASDAQ: USAK) announced today changes in its Board of
Directors and the adoption of a stockholders’ rights plan. These actions
were taken as part of the Company’s ongoing efforts to support
management’s plan to turnaround the Company’s performance and return it
The Company announced that Robert A. Peiser has been appointed as
Chairman of the Board to succeed Terry A. Elliott. Mr. Elliott willmore...
USA Truck, Inc. (NASDAQ: USAK) today announced financial and operating
results for the quarter and nine months ended September 30, 2012.
Base revenue of $100.3 million for the quarter ended September 30, 2012,
decreased 2.3% from $102.6 million for the same quarter of 2011. We
incurred a net loss of $6. million ($0.59 per share) for the quarter
ended September 30, 2012, comp red to a net loss of $4.3 millionmore...
USA Truck, Inc. (NASDAQ: USAK) announced that it has closed a $125
million revolving credit agreement (“Revolver”) with Wells Fargo Capital
Finance, LLC, as Administrative Agent and PNC Bank, as Syndication
Agent. The Revolver has a five year term, is secured by substantially
all of the Company's assets, and can be expanded up to $175 million
subject to customary conditions and lender participation.
Cliff Beckham, USA Truck’s Presidentmore...