UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2020
USA TRUCK INC.
(Exact name of registrant as specified in charter)
Delaware | 1-35740 | 71-0556971 |
(State or other jurisdiction | (Commission File Number) | (I.R.S. Employer Identification No.) |
of incorporation) | | |
3200 Industrial Park Road | | |
Van Buren, Arkansas | | 72956 |
(Address of principal executive offices) | | (Zip Code) |
479-471-2500
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
| | |
Title of each class: | Trading Symbol(s): | Name of each exchange on which registered: |
Common Stock, $0.01 Par Value | USAK | The NASDAQ Stock Market LLC (NASDAQ Global Select Market) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 1, 2020, the Compensation Committee (the “Committee”) of the Board of Directors of USA Truck Inc. (the “Company”) approved a grant to Mr. James Reed, the Company’s President and Chief Executive Officer, of 75,000 shares of restricted stock with vesting being conditioned upon the volume weighted average stock price of the Company’s common stock being at or above $10 per share at any point in a trading day, on each of 10 consecutive trading days (the Performance Condition”) during the two-year period following the date of grant (the “Performance Period”). If the Performance Condition is achieved, the restricted stock will vest at the end of the Performance Period.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | |
| | | USA Truck Inc. |
| | | (Registrant) |
| | | |
Date: | June 3, 2020 | | /s/ Zachary B. King |
| | | Zachary B. King |
| | | Senior Vice President and Chief Financial Officer |
