USA TRUCK INC
SC 13G/A, 2000-05-09
TRUCKING (NO LOCAL)
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                               (Amendment No. 7)*

                                USA Truck, Inc.
                   ------------------------------------------
                                (Name of Issuer)

                         Common Stock ($.01 par value)
                   ------------------------------------------
                         (Title of Class of Securities)

                                  902925 10 6
                   ------------------------------------------
                                 (Cusip Number)

                               December 31, 1999
                   ------------------------------------------
                              (Date of Event Which
                       Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this schedule
is filed.

                               [ ] Rule 13d-1 (b)

                               [ ] Rule 13d-1 (c)

                               [X] Rule 13d-1 (d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


<PAGE>   2



CUSIP No.           902925 10 6                     SCHEDULE 13G
                    --------------------
<TABLE>

<S>      <C>                                                                                     <C>
1.       NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         J.B. Speed
         ###-##-####

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                         (a) [ ]
         (See Instructions)                                                                       (b) [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

         United States citizen

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         5.    SOLE VOTING POWER                                              2,026,884 shares
                                                                              ------------------

         6.    SHARED VOTING POWER                                            none
                                                                              ------------------

         7.    SOLE DISPOSITIVE POWER                                         2,026,884 shares
                                                                              ------------------

         8.    SHARED DISPOSITIVE POWER                                       none
                                                                              ------------------

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         2,026,884

10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES (See Instructions)                                   [X]

11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         22.5%

12.      TYPE OF REPORTING PERSON (See Instructions)

         IN
</TABLE>


<PAGE>   3

ITEM 1.

 (a)   Name of issuer: USA Truck, Inc.

 (b)   Address of issuer's principal executive
       offices: 3200 Industrial Park Road
                Van Buren, AR  72956

ITEM 2.

 (a)   Name of person(s) filing: J.B. Speed

 (b)   Address of principal office: 3200 Industrial Park Road
                                    Van Buren, AR 72956

 (c)   Citizenship: United States

 (d)   Title of class of Securities: Common Stock, par value $.01 per share

 (e)   CUSIP Number: 902925 10 6

ITEM 3. If this statement is filed pursuant to 240.13d(b) or 240.13d(b) or (c),
        check whether the person filing is a:

     (a) [ ] Broker or dealer registered under section 15 of the Act
            (15 U.S.C. 78o).

     (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

     (c) [ ] Insurance company as defined in section 3(a)(19) of the Act
             (15 U.S.C. 78c).

     (d) [ ] Investment company registered under section 8 of the Investment
             Company Act of 1940 (15 U.S.C. 80a-8).

     (e) [ ] An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E);

     (f) [ ] An employee benefit plan or endowment fund in accordance with
             240.13d(b)(1)(ii)(F);

     (g) [ ] A parent holding company or control person in accordance with
             240.13d-1(b)(1)(ii)(G);

     (h) [ ] A savings associations as defined in Section 3(b) of the Federal
             Deposit Insurance Act (12 U.S.C. 1813);

     (i) [ ] A church plan that is excluded from the definition of an investment
             company under section  3(c)(14) of the Investment Company Act of
             1940 (15 U.S.C. 80a-3).

     (j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).


<PAGE>   4


ITEM 4. OWNERSHIP

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.

     (a)  Amount beneficially owned: As of December 31, 1999 the reporting
          person beneficially owned 2,026,884 shares of the issuer's Common
          Stock. In addition, the reporting person's wife owned 60,859 shares
          of such Common Stock as of that date. Pursuant to Rule 13d-4 under
          the Securities Exchange Act of 1934 (the "Act"), the reporting person
          disclaims beneficial ownership of the shares owned by his wife, and
          the filing of this Schedule 13G shall not be construed as an
          admission that the reporting person is, for the purposes of Section
          13 (d) or 13 (g) of the Act, the beneficial owner of any of the
          shares owned by his wife. The reporting person acquired the shares
          beneficially owned by him prior to the registration of the issuer's
          Common Stock under Section 12 of the Act and, accordingly, is filing
          this Schedule 13G pursuant to Rule 13d-1 (d) under the Act.

     (b)  Percent of class: The 2,026,884 shares of Common Stock beneficially
          owned by the reporting person represented approximately 22.5% of the
          outstanding shares of Common Stock as of December 31, 1999.

     (c)  Number of shares as to which each person has:

     (i)      Sole power to vote or to direct the vote: 2,026,884

     (ii)     Shared power to vote or to direct the vote: none

     (iii)    Sole power to dispose or to direct the disposition of: 2,026,884

     (iv)     Shared power to dispose or to direct the disposition of: none


ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

         Not Applicable.


ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

         Not Applicable.


ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
        SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
        PERSON

         Not Applicable.


ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

         Not Applicable.
<PAGE>   5

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

         Not Applicable.


ITEM 10. CERTIFICATION

         Not Applicable.



                                   SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.


Dated:    April 25, 2000               /s/  J.B. Speed
                                       -----------------------------------------
                                       J.B. Speed


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