COVID-19 has placed significant strain on many freight networks. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Mr. Werner is the father of Gregory L. Werner. C.L. 100-2065fthayer@werner.com, Werner Investor Relations Clarence L. Werner serves as Chairman of the Board of the Company. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Terms and Conditions, Werner Announces Planned Transition of its Founder and Related Proposed Secondary Offering of Common Stock, Beginning of a New Chapter as Werner Founder CL Werner Transitions, Governance Documents & Committee Composition. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. If you experience any issues with this process, please contact us for further assistance. googletag.cmd.push(function() { 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. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Temperature-Controlled 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 Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Leathers added C.L. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. Competitive Impact Statement: U.S. v. Clarence L. Werner Get the latest local business news delivered FREE to your inbox weekly. Federal government websites often end in .gov or .mil. Excellence resale value for driver-preferred well-maintained trucks. Shareowner Services Werner Enterprises Founder Steps Down, Common Stock Offering Proposed Clarence L Werner is the Chairman of Werner Enterprises Inc and owns about 3,028 shares of Werner Enterprises Inc (WERN) stock worth over $142,619 . Video resources including how-to guides and more. 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. 1975 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. 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. Hes a thoughtful leader. 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 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. googletag.enableServices(); The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . There are 1 older and 21 younger executives at Werner Enterprises. Hes built schools and churches and made major contributions to medical centers. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. Werner will remain as chairman through his current term, which expires in May 2021. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. Share sensitive information only on official, secure websites. The site is secure. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Type a symbol or company name. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. Morgan Stanley is acting as the sole underwriter of the offering. 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 maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. }); 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. [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. Maintaining a new fleet with an average tractor age of 2 years results in: At Werner, we support and encourage the diverse voices and perspectives of our associates, our customers, and our suppliers. Frequently asked questions from carriers like you! Box 64854 Intermodal }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. Werner will remain as chairman through his current term, which expires in May 2021. 2023, Nasdaq, Inc. All Rights Reserved. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. She worked there until she retired from the business in 1984. Contact us with any questions! 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,. He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. Werner Enterprises was founded by Clarence L. Werner in 1956. Civil Action No. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Looking for legal documents or records? WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Defendant. 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. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Beginning of a New Chapter as Werner Founder CL Werner Transitions You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Werner Enterprises Stock Ownership - WallStreetZen Dont miss the hottest freight event of the summer! There is no future nor money in transportation! OMAHA, Neb. Final Mile 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. 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. On May 10, 2016, he stepped down as CEO and became Executive Chairman. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. She was 79. . We take great pride in our transparency. 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. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. She was so dedicated to her family, Werner-Robertson said. 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? googletag.pubads().enableSingleRequest(); Werner Enterprises Trucks & Trailers - Trainmaster Equipment Sales, About Werner The service requires full JavaScript support in order to view this website. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Contact the writer: 402-444-1414, paige.yowell@owh.com. Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. 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. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Opportunities She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. 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. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. 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()); Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. www.fleetowner.com is using a security service for protection against online attacks. That still continues, Leathers said. His wife, Helen Mellinger Werner survives. Hes continued to drive a truck at points along the way.. Benefits of latest machine technology to improve fuel efficiency. Warren Buffett, chairman and chief executive officer of Berkshire Resources 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. 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. 1444 Blairs Bridge Rd, Lithia Springs, GA 30122, USA, 2215 Newlins Mill Rd, Easton, PA 18045, USA, 8701 Peterbilt Ave, Dallas, TX 75241, USA, 9239 Brighton Rd, Henderson, CO 80640, USA, 10251 Calabash Ave, Fontana, CA 92335, USA, 13000 Gateway Blvd E, Clint, TX 79836, USA, 879 Northwest, Bell Rd, Lake City, FL 32055, USA, 4801 W Magnolia St, Phoenix, AZ 85043, USA, 4395 Laybourne Rd, Springfield, OH 45505, USA, 18673 Dix Toledo Rd, Brownstown Charter Twp, MI 48193, USA, 2800 S Service Rd, West Memphis, AR 72301, USA. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings.
Oxford Bcl Student Profile,
Federal Building Los Angeles Parking,
Articles C
