Advantages She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. E-mail: invrelations@werner.com, Equiniti Trust Company For those reasons, undue reliance should not be placed on any forward-looking statement. Werner's founder, Clarence L. Werner, has stepped down, opening the door for current CEO Derek Leathers to fully take the reins. Clarence L. Werner,48, Barber, Dies Werner of 104 Washington Ave, Ephrata, died, in the Ephrata Community Hospital Tuesday morning after a lengthy illness. The statue, funded by Buffett, is the first of Gibson in his hometown and . Box 45308 Box 64854 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). Werners retirement, but also beyond the tenures of the current management team, himself included. He is expected to be named chairman emeritus once his term is over. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. Get up-to-the-minute news sent straight to your device. 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. 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. Expedited Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. Resources 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. This United States transportation corporation or company article is a stub. Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that . The complaint 1 alleges that Mr. Werner first violated the reporting requirements of the HSR Act in May 2007, when he exercised options to acquire WEI stock that resulted in his combined holdings exceeding the . Equipment Sales, About Werner Dont miss the hottest freight event of the summer! Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. He has been a Company director since that time and also served as President until 1984. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. They married and settled in Council Bluffs, where they founded Werner Enterprises. Create your Watchlist to save your favorite quotes on Nasdaq.com. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. The Company is not selling any shares of common stock in the offering, and the Company will not receive any proceeds from the offering by the selling shareholder. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. 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. Some photos, graphics, and other materials used on this website are copyrighted and used with permission or licensed for use on this website, but may not be copied and distributed without the copyright holders permission. We take great pride in our transparency. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Phone: 1-800-468-9716. Intermodal Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. There are 1 older and 21 younger executives at Werner Enterprises. 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. Everyone today likes to focus on the highlights of these highly successful people and wants to rewrite history as if its an overnight success story, Leathers said. Secure .gov websites use HTTPS She worked there until she retired from the business in 1984. Higher horsepower maintains consistent productivity over various road grades. is one of the five largest truck carriers in . Werner was fortunate to have people around him who shared in his vision and remained loyal to the company including many who spent their careers there. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. 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. C.L. The .gov means its official. Leathers C.L. Its truly the epitome of an American success story.. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. 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: []}; Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. But C.L. www.fleetowner.com is using a security service for protection against online attacks. She was 79. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Excellence resale value for driver-preferred well-maintained trucks. 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. 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. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. googletag.pubads().enableSingleRequest(); Notably, the agency alleged that several of the purchases were . Find legal resources and guidance to understand your business responsibilities and comply with the law. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. 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 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 . In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. 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. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. www.fleetowner.com is using a security service for protection against online attacks. Diversity contributes to innovation and connects us to the many communities we serve. Brokerage Standard Terms & Conditions His wife, Helen Mellinger Werner survives. Benefits of latest machine technology to improve fuel efficiency. Mr. Werner started his career as a truck driver at age 19 with one single truck. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. Over the years, Werner Enterprises was steadily growing and is having now (2011) 7'300 Trucks (Tractors), 25'000 Trailers and 13'000 employees, Werner Ent. 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. Werner will remain as chairman through his current term, which expires in May 2021. 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. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Do Not Sell My Personal Information (CA Residents Only). You can sign up for additional alert options at any time. The company also announced that nearly 13 million shares of Werners common stock held in a revocable trust was registered for sale in a public offering. Site Map General Freight Trucking, Long-Distance, Truckload, United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment, Complaint for Civil Penalties for Failure to Comply with the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act, United States Explanation of Procedures Under the Antitrust Procedures and Penalties Act, Report Anticompetitive Conduct After a Natural Disaster. There is no future nor money in transportation! 100-2065fthayer@werner.com. When you look at that face,keep in mind that that is the face greatly responsible for the elogs crap,his drivers were driving like bandits,about to shut down by the D.O.T. googletag.cmd.push(function() { Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Learn how and when to remove this template message, "Werner CEO Looks Back at Founder's Legacy", "Werner Enterprises, Inc, Form 10-K, Annual Report", "Werner Enterprises Reports Fourth Quarter and Annual 2021 Results", https://en.wikipedia.org/w/index.php?title=Werner_Enterprises&oldid=1144949503, This page was last edited on 16 March 2023, at 13:03. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); Mr. Werner owns over 48 units of Werner Enterprises stock worth over $371 and over the last 19 years he sold WERN stock worth over $600,746,837. Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. Listen to today's daily briefing: Subscribe: Apple Podcasts | Spotify | Amazon Alexa | Google Assistant | More, 80 M Street SE, Suite 800, Washington, D.C., 20003, Werner Acquires Truckload Carrier Baylor Trucking, Werner Partners With Aurora to Haul Freight Autonomously in Texas, FedEx Freight Plans Closure of 29 Locations | Transport Topics, California OKs Advanced Clean Fleets Regulation | Transport Topics, 3PLs Gain Market Share but Face Rising Fraud, TIA Leaders Say | Transport Topics, Toyota Class 8 Hydrogen Powertrain Approved in California | Transport Topics, 2023 Top 100 Logistics List Highlights Growth for 3PLs | Transport Topics, 2023 Transport Topics | All Rights Reserved. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Cross-Border Need to talk to an agent? OMAHA, Neb. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino Act. You must click the activation link in order to complete your subscription. P.O. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. You can cancel at any time. Same goes for the rest of the mega-$lavery companies. Whether in the office or behind the wheel, join Werner today. Learn more about your rights as a consumer and how to spot and avoid scams. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. To find out more about WernerBlue, including our recent milestone successes as well as future goals, visit our ESG section by clicking the Learn More button below. 13) will pay a $486,900 . Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. 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. Final Judgment (April 20, 2022) 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) Stipulation and Order . Global Services Werner was among the five largest truckload carriers in the United States in 2020. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Mr. Werner has recommended to the board of directors that Mr. Leathers be named Chairman of the board of directors, in addition to Chief Executive Officer and President, when Mr. Werners term ends. to better communicate our successes and to help us identify new areas of focus for further improvement. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. 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. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Credit Application NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. An official website of the United States government. Learn more about Werner and our industry expertise through these video resources. Gloria Werner was always known as creative and tenacious. . Available Loads window.googletag = window.googletag || {cmd: []}; 100% Free Registration . Omaha, NE 68145 Login, Drive Blue After submitting your request, you will receive an activation email to the requested email address. Sadly they dont care about the long term drivers anymore. 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. 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. Copy and paste multiple symbols separated by spaces. Before sharing sensitive information, make sure youre on a federal government site. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. At that time, the company expects he will become Chairman Emeritus. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. 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. You have permission to edit this article. [Stay on top of transportation news: Get TTNews in your inbox.]. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Submit a Public Notice for Omaha World-Herald, By Paige Yowell / World-Herald staff writer, Leslie Arnold mystery solved: Man who died in Australia was enigmatic Nebraska fugitive, McKewon: Casey Thompson's departure, Nebraska's quarterback depth and coup of landing Jeff Sims, A new megadonor family is silently changing Nebraska political races, Built in the shape of a football with a soaring roof, 'Flying Nun' house is Bellevue icon, Six-week abortion ban dies in Nebraska Legislature, Nebraska Athletics parts ways with two veteran administrators, Nebraska quarterback Casey Thompson enters transfer portal, McKewon: Wisconsin's risky reset, Nebraska NFL draft takes and a fullback to watch, Dining Notes: New barbecue restaurant opens in Bellevue, Nebraska volleyball match at Memorial Stadium sells out in three days, Shatel: Casey Thompson is taking college athletics' merry-go-round the transfer portal, Creighton's Ryan Kalkbrenner enters NBA draft, Pospisil: Three new golf course gems made ranking Nebraska's best even tougher in 2023, With Jordan Larson on hand, Italy is perfect location for Elkhorn couple's wedding, Nebraska's point guard search continues as Hunter Sallis commits to Wake Forest, First Republic Bank to Be Sold to JPMorgan, Stock Market Today: Wall Street Rises to Cap a Winning April, Powerful New Obesity Drug Poised to Upend Weight Loss Care, Analyst Breaks Down Thursday's Market as Stocks Climb Amid Strong Tech Earnings.
Joel Osteen Morning Prayer,
Andre Iguodala Nigerian Father,
Punny Wedding Hashtag,
Articles C