Become a Carrier Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. to better communicate our successes and to help us identify new areas of focus for further improvement. We take great pride in our transparency. WERNER ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. googletag.pubads().enableSingleRequest(); By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. 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. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. She was 79. Old werner slogan is werner cares needs to have to lie added to it. Box 64854 Copy and paste multiple symbols separated by spaces. You can sign up for additional alert options at any time. Werner Leathers In connection with this transition, the company announced an underwritten public offering of 12.8 million shares of its common stock by the Clarence L. Werner Revocable Trust. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. In addition, the Clarence L. Werner . Leathers added C.L. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Mr. Werner started his career as a truck driver at age 19 with one single truck. Secure .gov websites use HTTPS He was. Resources 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. window.googletag = window.googletag || {cmd: []}; Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. So how are third-party logistics providers adapting to meet these challenges? Notably, the agency alleged that several of the purchases were . Type a symbol or company name. The HSR Act requires companies and individuals to report stock purchases over a certain threshold to the FTC and DOJ and wait before closing the transaction so that the federal agencies can investigate the potential competitive impact of the acquisition. Werner has always remained connected to its roots, Leathers said. He has been a Company director since that time and also served as President until 1984. Are you an organization or group who would like to request assistance from the Blue Brigade? In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Hes always thinking way down the line, Leathers said. Learn more about your rights as a consumer and how to spot and avoid scams. He has been a Company director since that time and also served as President until 1984. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. googletag.cmd.push(function() { These symbols will be available throughout the site during your session. 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. 13) will pay a $486,900 . OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. 1975 Werner Enterprises (NASDAQ: WERN) is owned by 85.74% institutional shareholders, 57.90% Werner Enterprises insiders, and 0.00% retail investors. Click for more FreightWaves articles by Todd Maiden. 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? As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. is one of the five largest truck carriers in . In connection with CL Werner's 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. 100-2065fthayer@werner.com, Werner Investor Relations 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 View the full 2020 CSR report here. Mr. Werner will continue to serve as Chairman of the board of directors through the end of his current term, which is expected to end in May 2021, and at that time it is expected that he will become Chairman Emeritus. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. Apply Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. 100% Free Registration . Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies. As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. An official website of the United States government. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Werner was in continuous violation of the HSR Act from May 14, 2007, when he acquired the Werner Inc. voting securities valued in excess of the HSR Act's $100 million filing threshold, as adjusted, through April 3, 2020, when the waiting period expired on his . 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. Gloria Werner was always known as creative and tenacious. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. C.L. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. Ive been here 21 years and yet I bring the average tenure of the executive team down, Leathers said, noting that it is not uncommon for people to remain with the company for 25 years or longer. Learn more about Werner and our industry expertise through these video resources. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Werner was among the five largest truckload carriers in the United States in 2020. 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. Careers, Dedicated She just really left her schedule open so she could help like that., Werner also was a voracious reader interested in current affairs and politics, her daughter said. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Werner Enterprises, Inc., headquartered in Omaha, Nebraska, is the fourth largest trucking company in the United States. You can cancel at any time. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. 2023, Nasdaq, Inc. All Rights Reserved. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. She worked there until she retired from the business in 1984. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. To find out how we are doing this, click here, 1444 Blairs Bridge Rd Lithia Springs, GA 30122 Local: (770) 739-3600 Toll Free: (800) 828-7556, 2215 Newlins Mill RoadEaston, PA 18045Toll Free: (800) 423-8296, 8701 Peterbilt Ave Dallas, TX 75241 Local: (972) 224-5353 Toll Free: (800) 433-5655, 9239 Hwy 85 Henderson, CO 80640 Local: (303) 286-0242 Toll Free: (800) 338-6177, 10251 Calabash Ave Fontana, CA 92335 Local: (909) 823-4995 Toll Free: (800) 255-2194, 13000 Gateway East Blvd Clint, TX 79836 Local: (915) 872-1279 Toll Free: (866) 262-9670, 879 Northwest Bell St.Lake City, FL 32055Local: 386-401-7124, 742 S Combee RdLakeland, FL 33801Local: (863) 666-3160, 1201 Carrier DrLaredo, TX 78045Local: (956) 717-0996, 4801 W Magnolia Phoenix, AZ85043 Local: (602) 455-3060 Toll Free: (800)-522-2668, 4395 Laybourne Rd Springfield, OH 45505 Local: (937) 325-5403 Toll Free: (800) 227-6640, 18673 Dix-ToledoBrownstown, MI 48193Local: (734) 282-3954, 14507 Frontier RdOmaha, NE 68138Local: (402) 895-6640Toll Free: (800) 228-2240, 1738 Terminal Ct.Joliet, IL 60436Local: (815) 733-4100, 2800 S Service RdWest Memphis, AR 72301Phone: 1-800-346-4861. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. C.L. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Excellence resale value for driver-preferred well-maintained trucks. www.fleetowner.com is using a security service for protection against online attacks. CLARENCE L. WERNER . The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. In connection with this transition, the board of directors appointed Derek Leathers, the current Chief Executive Officer and President of the Company, as a member and Vice Chairman of the board of directors effective May 31, 2020. }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. Login, Drive Blue Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. 16(b)-(h), that a proposed Final Judgment, Stipulation, and Competitive Impact Statement have been filed with the United States District Court for the District of googletag.pubads().collapseEmptyDivs(); Sign up for our newsletter to keep reading. On May 10, 2016, he stepped down as CEO and became Executive Chairman. Werners Standard Rules Tariff The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. As a result of these professional experiences, Mr. Werner brings to the Board a unique understanding of our business and operations attributed to his long-standing commitment to, management of and involvement with the Company for over 60 years, as well as his significant and extensive knowledge of the transportation industry. googletag.pubads().collapseEmptyDivs(); His wife, Helen Mellinger Werner survives. Temperature-Controlled On this week's episode of Idea Generation, renowned record producer Just Blaze explains how he built one of the most impressive resumes in music, taking us on a journey from his early days as a. 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. Brokerage Standard Terms & Conditions . Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. 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.
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