Ameritrans Capital Corp. on July 12, 2013, announced that Sylvia Mullens resigned, effective immediately, as the company's Executive Vice President and Secretary. On July 22, 2013, the company appointed Robert C. Ammerman as the company's interim Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary.

Mr. Ammerman is the Managing Member and co-founder of Capital Resource Partners, a Boston-based private equity firm established in 1987.