Hes a thoughtful leader. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Clarence L. Werner serves as Chairman of the Board of the Company. We take great pride in our transparency. Share sensitive information only on official, secure websites. Werner assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. {{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. googletag.cmd.push(function() { He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. As a person, when I think of him the word that comes to mind is hes humble.. 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 Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. 2023, Nasdaq, Inc. All Rights Reserved. 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. On May 10, 2016, he stepped down as CEO and became Executive Chairman. 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. He is the face of tiranny and evil,as far as I am concerned. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. 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. She was 79. 100-2065fthayer@werner.com, Werner Investor Relations 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. 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. Gloria Werner's hard work a big part of trucking company's success. Clarence L Werner is the face behind Werner Enterprises. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. It will be hard for someone who dedicated the entirety of his life to making this company what it is to take a step back, Leathers said. (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. He served as Chairman Emeritus from May 2011 until August 2015, at which time he was elected as Chairman and assumed the responsibility of Chief Executive Officer. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. googletag.cmd.push(function() { 13) will pay a $486,900 . googletag.enableServices(); 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. Whether in the office or behind the wheel, join Werner today. Leathers noted he has done a lot to give back to the community. gptAdSlots.push(gptSlot); googletag.pubads().collapseEmptyDivs(); Right on point. 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. 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. 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. Box 64854 For those reasons, undue reliance should not be placed on any forward-looking statement. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Looking for legal documents or records? Werners Standard Rules Tariff The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Hes built schools and churches and made major contributions to medical centers. Werner Enterprises was founded by Clarence L. Werner in 1956. 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. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. If you experience any issues with this process, please contact us for further assistance. Driver Number 1 and mega-fleet founder Clarence "C.L." Werner is taking back the wheel at Werner Enterprises, replacing son Gary as chairman of the 7,000-truck carrier. Leathers C.L. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. 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 . 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. 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. She was 79. E-mail: invrelations@werner.com, Equiniti Trust Company Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. COVID-19 has placed significant strain on many freight networks. Today, the 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 certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino (HSR) Act. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. Custom Solutions, Advantages 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. 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. But C.L. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. They think a degree in management or logistics makes them better then the drivers and qualified to tell someone with no tickets, csa points or accidents how to drive. One-Way Truckload We work to advance government policies that protect consumers and promote competition. Get the latest local business news delivered FREE to your inbox weekly. We commit to embracing these values as we move toward an increasingly inclusive culture where every associate feels empowered to bring their whole self to Werner. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. Find legal resources and guidance to understand your business responsibilities and comply with the law. Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. 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 . Temperature-Controlled Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. You can see the complete history of Mr. Werner stock trades at the bottom of the page. Gloria Werner was always known as creative and tenacious. 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. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. window.googletag = window.googletag || {cmd: []}; You will be redirected once the validation is complete. 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. Copy and paste multiple symbols separated by spaces. to better communicate our successes and to help us identify new areas of focus for further improvement. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. COMPETITIVE IMPACT STATEMENT . is one of the five largest truck carriers in . Hes very philanthropic, Leathers said. A .gov website belongs to an official government organization in the United States. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. 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. You can help Wikipedia by expanding it. Do Not Sell My Personal Information (CA Residents Only). Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Final Mile Notably, the agency alleged that several of the purchases were . 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 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. 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. Shareowner Services 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: []}; [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Search the Legal Library instead. Please enable cookies on your browser and try again. 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. They married and settled in Council Bluffs, where they founded Werner Enterprises. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. These symbols will be available throughout the site during your session. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Frequently asked questions from carriers like you! Learn more about Werner and our industry expertise through these video resources. CLARENCE L. WERNER . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services.
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