New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 28, 2012
17:35 EDTUSAKUSA Truck terminates CFO Darron Ming
USA Truck terminated Darron R. Ming as the company's CFO and executive VP. In connection with internal realignment of reporting, J. Rodney Mills, previously the company's General Counsel, Chief Administrative Officer, and executive VP, is now serving as General Counsel and VP.
News For USAK From The Last 14 Days
Check below for free stories on USAK the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 25, 2014
14:57 EDTUSAKADW Capital acquires 3% stake in USA Truck, seeks strategy review to boost value
ADW Capital Partners, the owner of nearly 3.0%, of USA Truck (USAK), sent a letter to the company’s board urging the board to take a multi-step approach to unlock shareholder value at the company. In the letter, ADW says that the price appreciation in the company's stock since late 2012 is due to Knight Transportation's (KNX) hostile bid for the company and not because of any turnaround initiatives that may have been put into place once the CEO was replaced and the board was restructured in 2012. ADW said in the letter, "We believe USA Truck’s board should explore all available strategic alternatives which should include a complete replacement of management and divisional leadership, an operational restructuring plan to align segment fixed costs with segment revenues, a full and/or partial sale of its truckload division, a sale or spinoff of USA Truck’s SCS division, and/or a sale of USA Truck in its entirety."

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use