VAN BUREN, Ark. — Robert A. Peiser has resigned from his position as chairman of the board of USA Truck, Inc., effective immediately, the company reported in a filing with the Securities and Exchange Commission.
The filing said his resignation does not relate to any disagreement with the company on any matter relating to the company’s operations, policies or practices.
“He has served as our chair since early 2012 and provided a lasting contribution to our company,” the filing said. “His dedication to creating value and protecting our stockholders’ interests helped bring USA Truck through some very difficult times and leaves us well positioned to prosper. We are grateful for his efforts on behalf of all USA Truck stakeholders.”
The filing said Alexander D. Greene had assumed the role as chairman of the board.
“He has been a thoughtful and trusted member of our board for many years and has the experience and perspective to guide and counsel the company as we continue our path forward,” the filing said.
Greene has been a director of the company since May 2014 and currently serves on the boards of directors of Ambac Financial Group, a publicly held provider of financial guarantees and other financial services; Element Fleet Management Corp., a fleet management and services company; and GP Natural Resource Partners, a diversified natural resources company, as well as on a number of private company boards and committees. He also recently served as chairman of the board of Modular Space Corporation, a North American supplier of modular buildings and storage units, prior to its sale to Williams Scotsman in August 2018.
Previously, Greene spent over 35 years in private equity, investment banking and commercial banking with firms including Brookfield Asset Management, The Carlyle Group, Wasserstein Perella & Co., and Whitman Heffernan Rhein & Co.
Greene graduated from The George Washington University and is a volunteer firefighter and president of the Armonk Independent Fire Company.
USA Truck provides comprehensive capacity solutions to a broad and diverse customer base throughout North America.
According to its website, USA Truck trucking and logistics groups blend an extensive portfolio of asset and asset-light services, offering a balanced approach to supply chain management including customized truckload, dedicated contract carriage, intermodal and third-party logistics freight management services.