Temperature-Controlled Thats likely attributable to C.L. Both carriers and customers consistently recognize Werner for our commitment to excellence in all that we do. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. He has been a Company director since that time and also served as President until 1984. Increased driver satisfaction and retention. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. United States v. Clarence L. Werner; Proposed Final Judgment and Competitive Impact Statement Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. Gloria Werner's hard work a big part of trucking company's success. Alternatively, copies of the prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com. Any such updates or revisions may be made by filing reports with the U.S. Securities and Exchange Commission, through the issuance of press releases or by other methods of public disclosure. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Provide better on-time service to customers and less downtime. At that time, the company expects he will become Chairman Emeritus. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Site Map He has been a Company director since that time and also served as President until 1984. They married and settled in Council Bluffs, where they founded Werner Enterprises. These symbols will be available throughout the site during your session. Today, over 65 years since CLs journey began, Werner Enterprises, Inc. is an asset-based logistics provider and one of the five largest truckload carriers in the United States. Box 64854 C.L. Notably, the agency alleged that several of the purchases were . Please subscribe to keep reading. Werner Enterprises, Inc., headquartered in Omaha, Nebraska, is the fourth largest trucking company in the United States. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. In addition, the Clarence L. Werner . Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. But C.L. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement, and other documents Werner Enterprises, Inc. has filed with the SEC for more complete information about Werner Enterprises, Inc. and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Share sensitive information only on official, secure websites. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. Blog, Freight Quote Werner Enterprises, Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. He is the face of tiranny and evil,as far as I am concerned. Whether in the office or behind the wheel, join Werner today. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center, and Clarence L. Werner, founder of the Werner Enterprises, right, attend an event honoring Hall of Fame pitcher Bob Gibson in Papillion, Nebraska, U.S. on Thursday, April 11, 2013. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. 2023, Nasdaq, Inc. All Rights Reserved. Werner stepped down from his role as executive chairman effective May 31, but will continue as. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about the proposed offering and the expected transition of the role of Chairman of the board of directors, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment (April 20, 2022), Complaint for Civil Penalties for Failure to Comply with the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act (December 22, 2021), To view PDF files on this website you need the free Adobe Reader. Leathers added C.L. The Justice Department's Antitrust Division, at the request of the Federal Trade Commission (FTC), filed a civil antitrust lawsuit today in the U.S. District Court for the District of Columbia against Clarence L. Werner (Werner). would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. Opportunities At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. OMAHA, Neb., June 03, 2020 (GLOBE NEWSWIRE) - Werner Enterprises, Inc. (Nasdaq: WERN) today announced the pricing of an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which our founder Clarence L. Werner is the grantor and sole trustee, at a public offering price of $41.00 per share. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Clarence L. Werner serves as Chairman of the Board of the Company. Clarence L Werner is the face behind Werner Enterprises. Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. Equipment Sales, About Werner But it didnt take over her whole life, so she had a good balance.. After submitting your request, you will receive an activation email to the requested email address. googletag.enableServices(); The Clarence L. Werner Revocable Trust is also expected to grant the underwriter of the offering a 30-day option to purchase up to an additional 1,284,593 shares of common stock. 13) will pay a $486,900 . Werner stepped down from his role as executive chairman effective May 31, but will continue as chairman of the board of directors through the end of his current term, which is set to end May 2021. googletag.enableServices(); PRESS RELEASE: FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws, United States of America, Plaintiff v. Clarence L. Werner c/o Werner Enterprises, Inc., Defendant, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam, Is Franchising Fair? Leathers C.L. (WOWT) - The Federal Trade Commission announced Wednesday that the founder of Omaha-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle. You have permission to edit this article. [3], In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Careers, Dedicated Civil Action No. Become a Carrier }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. In connection with CL Werners transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. WERNER ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Please enable cookies on your browser and try again. He was born in 1937 in Nebraska, USA. Gloria Werner died Tuesday after a 17-month battle with lung cancer. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. Transportation and logistics provider Werner Enterprises' ( NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L "CL" Werner stepped down from the executive chair seat on May 31. Brokerage Standard Terms & Conditions But the Werner family showed an indomitable spirit and battled the crises. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. She was 79. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Shareowner Services Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about the proposed offering and the expected transition of the role of Chairman of the board of directors, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. P.O. googletag.pubads().enableSingleRequest(); Phone: 800-228-2240 They got a building full of number counters who think long time career drivers are too much of a expense when they can take no experienced steering wheel holders and replace them. Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Clarence L. Werner Chairman-Emeritus J Jack A. Holmes Board Member K Kenneth M. Bird Board Member Alexi A. Wellman Board Member C Carmen A. Tapio Board Member S Scott C. Arves Board Member V Vikram Mansharamani Board Member D Diane K. Duren Board Member G Gerald H. Timmerman Board Member Show more Werner Enterprises Leadership Demographics We work to advance government policies that protect consumers and promote competition. Login, Drive Blue Werner Enterprises, Inc. founder Clarence L. Werner agreed to a $486,900 civil penalty to settle claims that he violated the HSR Act by acquiring Werner Enterprises stock in a series of open market purchases without filing under the HSR Act and observing the required waiting period. She was 79. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. C.L. Morgan Stanley is acting as the sole underwriter of the offering. Contact You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Complete the form below and well get in touch. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. Werner Enterprises executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The largest trade he's ever made was selling 14,130,523 units of Werner Enterprises stock on 8 June 2020 worth over $579,351,443. She packed the boys up with some unfolded laundry and sat in a customers lobby until she could see somebody about getting her check, her daughter Gail Werner-Robertson recalled. Over the last 20 years, insiders at Werner Enterprises have traded over $643,911,989 worth of Werner Enterprises stock and bought 447,247 units worth $8,918,421 Werner Enterprises CEO Derek Leathers in an exclusive interview with Transport Topics discussed how the principles established by company founder Clarence L. Werner who plans to step down as chairman of the board next year remain the foundation of how the company operates. Official websites use .gov After retiring, she threw herself into the lives of her grandchildren, Werner-Robertson said, often swooping in to watch them when parents were out of town or between day cares and nannies. Omaha, NE 68145 Available Loads 1:21-cv-03332 Judge: James E. Boasberg Start Printed Page 479 Complaint for Civil Penalties for Failure To Comply With the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act Hes maintained his CDL, Leathers noted. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Details can be seen in Clarence L Werner's Latest Holdings Summary section. Today the carrier has more than 7,800 tractors in service, generating nearly $2.5 billion in revenue during 2019. window.googletag = window.googletag || {cmd: []};
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