USA Truck Reaches Deal; Appoints Vadim Perelman And Thomas Glaser To Board

(RTTNews) - USA Truck Inc. (USAK), North American transportation and logistics provider, announced that it has reached an agreement 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 , collectively, known as "United Shareholders".

United Shareholders are collectively the largest shareholder of USA Truck with an approximate equity stake of 28% of the Company's shares.

As per the terms of the Cooperation Agreement, the Company has agreed to appoint Vadim Perelman, Managing Partner and Chief Investment Officer of Baker Street Capital, and Thomas Glaser to the Company's Board of Directors. With the addition of Messrs. Perelman and Glaser, the USA Truck Board expands to nine members.

The United Shareholders have agreed to vote all of their shares for the election of William Hanna and James Simpson, III as directors and in favor of the other proposals submitted for stockholder approval at the 2014 Annual Meeting.

The United Shareholders have also agreed to certain customary standstill provisions through the date that is 10 days prior to the deadline for submission of stockholder nominations for the 2015 Annual Meeting.